Motor
Profile: Like father, like son
The family team in charge at MCE are channeling their boundless energy into a new network, writes Liz McMahon.
Trade in Dagenham
Emmanuel Kenning meets motor-caravan specialist broker Peter Cue, managing director of Victor Millwell, who believes his white label online offering will smash the £10m premium barrier
Cleaning up the wreckage
By adding value and flexibility to the claims process, we can help to repair the image of the motor sector, says Paul Hoyle
Market could save millions with new telematics offering
Claim Witness has launched a new Telematics “Black-Box” solution designed to provide insurers with both first notification of an accident, and driver data analysis to assist with premium adjustment.
Brokers rate motor top for growth in personal lines
A survey by Mapfre Assistance has rated motor as the product area most likely to drive growth for insurance brokers in personal lines over the next 12 months.
Motor cover for the young to average £3,600 in 2013 says Mazars
Accountancy firm Mazars has predicted motor insurance increases of at least 50% over the next two years for young drivers, taking their typical motor premium up to £3,600.
Jack Straw attacks referral fee system
Former Secretary of State for Justice, Jack Straw MP, has called for referral fees to be banned in an article published in The Times.
Escalating claims decimating UK motor results, says Towers Watson
New figures from the Institute and Faculty of Actuaries have revealed that one in four UK third party motor claims involves a bodily injury element.
Aviva gets £1bn for RAC
Aviva has agreed to sell its roadside recovery firm to the Carlyle Group for £1bn and it looks like current management team will survive.
Sterling uncovers broker confidence schism
Research by Sterling Insurance has revealed that 65% of brokers are confident about commercial lines business growth prospects in the next 12 months while over half saw no prospect of growth in personal lines.
Continuous Insurance Enforcement commences
The Continuous Insurance Enforcement (CIE) legislation has come into force meaning warning letters will be sent to the registered keepers of uninsured vehicles.
Motor market to remain in the red following £2bn loss in 2010
The UK motor market will not return to profitability until 2012 at the earliest as it struggles to recover from the £2bn loss it made in 2010.
Markerstudy unveils commercial broker spree
Markerstudy has revealed that its recent purchase of Blagrove Insurance Brokers is the first purchase in a £100m acquisition spree.
Markerstudy buys vehicle repair group
Markerstudy has bought £500m revenue firm Tonbridge Coachworks Vehicle Repair Group.
Aviva has a second bite of the telematics cherry
Aviva is re-entering the telematics market with a "new" way of working with companies’ existing technology.
LV increases Ipswich presence
LV has announced the expansion of its current operation in Ipswich which deals with car insurance queries within the general insurance business.
Markerstudy breaks into commercial motor with broker buy
Markerstudy Group has acquired Blagrove Insurance Brokers, located in Carterton, Oxfordshire.
Brightside splits management roles
Brightside Group has decided to split the roles of chief executive officer and finance director citing the “interests of good governance”.
Allianz launches motor add-on for retail brokers
Allianz has launched Allianz Pro-Motor Rescue, an add-on motor insurance product.
Broking success: Training to gain
Emmanuel Kenning speaks with a profitable, debt free start-up motor broker that is writing more than £50m a year, targeting 250,000 policies within 18 months and focusing on staff training and development
Motoring along
Insurers need to think carefully before introducing private car profit sharing, explains Tony Cornell.
Willis claims industry first with grey fleet scheme
Willis has launched a pay-as-you-go insurance scheme to address issues arising from allowing staff to drive their own cars on business - the so-called grey fleet.
Personal injury costs to approach £10bn, report says
Costs faced by the personal injury insurance industry are likely to rise from £8.4bn in 2010 to £9.7bn by 2014 driven by the growth in the number of motor personal injury claims according to a report by Datamonitor.
M4 and Allianz locked in talks over capacity provision
M4 Underwriting’s coverholder agreement with Allianz hangs in the balance as the pair continue negotiations, Insurance Age understands.