Discount rate
Motor market records best year since 1985 ahead of troubled future, says EY
FCA pricing investigation and Civil Liability Act are expected to depress profitability in future years.
Discount rate review set to begin
Lord Chancellor and Justice Secretary David Gauke will announce the move later today, with a decision on the rate to follow on or before 5 August.
Insurers celebrate at Civil Liability Bill gaining Royal Assent
However the ABI noted that the “clock is now ticking” on the first review process into how the discount rate is determined.
Call for evidence on discount rate setting welcomed
The Lord Chancellor has asked for experts to contribute to a review of how the Ogden rate is set with a final decision predicted by May 2019 as the industry hopes it may settle around 1%.
Industry welcomes passing of Civil Liability Bill ahead of Royal Assent
Biba chairman Lord Hunt of Wirral urges the government to avoid further delay in signing the bill into law.
Podcast: The top five stories of the week
Ida Axling and Emmanuel Kenning discuss Simon Cooter's decision to leave Covéa in 2019 and FCA warnings on clone brokers.
Divisive whiplash and Ogden Bill passes through Commons
The Civil Liability Bill has passed through the House of Commons as the AA says it will reduce premiums for drivers but lawyers lament the move.
Car premiums continue to drop in Q3 2018 according to AA
Customers benefiting from 10% yearly fall.
ERS returns to profit in H1 2018
Insurer reveals an improved COR at 96.6%, but a fall in GWP.
A look at Insurance Hound’s most read by brokers in June and July 2018
Which topics were grabbing attention over the summer?
Best year for UK motor insurance market since 1994, says EY
Research shows second best underwriting result since records began in 1985.
Ageas Q1 results "significantly hit" by bad weather
UK CEO Andy Watson says provider wants to grow in commercial lines.
In-depth - liability: Breaking free
The change in the Ogden discount rate has had a large impact on the liability market, but there are more factors at play in this fast-moving sector, Ed Murray writes
Steve Treloar hails LV's "strong results" for 2017
GI CEO outlines plans to grow in the broker channel and says partnership with Allianz is "progressing well" as he comments on the future Ogden rate and LV redundancies.
Podcast: The top five stories of the week
Ida Axling and Emmanuel Kenning review the best read stories of the week.
Claimant lawyers hit out at government’s discount rate reform
Lawyers say the legislation will “severely impact the seriously injured” after Civil Liability Bill is introduced in the House of Lords.
Insurance industry welcomes Ogden rate reform
Industry players expect new Civil Liability Bill to lead to a positive discount rate with some predicting a rate of between 0-1%.
Discount rate reform unveiled by the government
Justice Secretary David Gauke to introduce the Civil Liability Bill, which includes changes to how the Ogden rate is set.
ERS reports post-Ogden loss for 2017
Provider’s combined operating ratio improves slightly to 104.9%.
The Blog Spot: One year of Ogden upheaval
The government should bring discount rate clarity to the insurance industry without further delays, writes Ida Axling.
Hastings reveals growth in 2017
Firm posts rising GWP and profits as Toby van der Meer takes over as CEO.
Steve Lewis confident RSA UK will “bounce back” in 2018
Provider "not concerned" following £116m underwriting loss in 2017.
CEO Watson "encouraged" by Ageas UK 2017 results
Insurer urges government not to delay new Ogden legislation as it moves back into profit.
Ageas UK moves back into profit in 2017
COR improves to 103.2% while GWP falls slightly to £1.36bn.