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Analysis: Reinsurance hikes add to motor pricing pressure
The UK motor market had the unwanted title of the biggest riser in the annual global reinsurance renewal season this January, adding another reason for intense scrutiny on insurance pricing in the loss-making sector
Former Skyscanner chief Rice-Jones to chair Admiral’s aggregator network
Admiral-owned Penguin Portals Limited has picked up ex-Skyscanner chair Margaret Rice-Jones as board leader of the aggregator network.
ABI tracker shows increase in motor premiums as calls for IPT cut amplify
The average cost of motor insurance rose to its highest level in the final quarter of 2019, according to research by the Association of British Insurers.
Car insurance premiums jump 5% in 2019: Confused and WTW
Comprehensive car insurance premiums in the UK increased by 4% in the final quarter of 2019, taking the annual uplift to 5%, according to the latest Confused Car Insurance Price Index in association with Willis Towers Watson.
This week: Rolling in it
Thursday seemed an appropriate day for insurtech Hippo to announce the outcome of its latest funding round – with temperatures reaching 38°C in places, the urge to emulate the mud-wallowing tendencies of its namesake animal became more and more tempting.
Confused appoints ex-Wonga exec as COO
Confused has hired Stephen Dukes, former boss at the Commuter Club and Wonga, as its chief operating officer.
Confused to white label Uswitch insurance business
Exclusive: Confused will white label Uswitch’s insurance comparison business as part of a deal with the parent company.
This week: Easter egg-citement
As we head towards a welcome four-day weekend, the insurance world has been getting in the spirit for Easter in the only natural way: smashing chocolate eggs.
Motor premium upturn 'on the horizon' after modest Q4 price cuts: Confused and WTW
The price of car insurance fell 1.6% in the first quarter of 2019 after creeping upwards during the second half of 2018, according to the Confused car insurance price index, produced in association with Willis Towers Watson.
Analysis: How most favoured nation clauses fell out of favour
The Competition and Markets Authority last month provisionally found Compare the Market in breach of the competition law due to clauses included in its contracts with home insurers, which limit the price insurance providers can charge for their products…
Motor insurance premiums could reach 'new highs' as Brexit uncertainty drives first motor insurance rise in a year
Following four consecutive quarter-on-quarter price cuts motor insurance premiums have risen by an average of 1% for quarter three of 2018 according to the latest Confused car insurance price index – in association with Willis Towers Watson - amid…
Dual pricing sees price comparison sales drop
A greater awareness of dual pricing among customers is seeing fewer people buying insurance online, according to research.
Start-up motor MGA to target £20m premium in first year
Motor managing general agent Hedgehog aims to reach £20m in gross written premium in its first year of operations, following its launch in Q4.
This week: Proceedings and premiums
This week the UK has been focused on court cases and Inquiries.
Motor premiums have already started to fall: Fitch
Insurers have already started to reduce motor premiums ahead of the government’s proposed whiplash and discount rate reforms.
Motor premium growth slows despite Ogden fears
Motor premiums have risen at their slowest rate in 2017 for the first time in recent years, and declined 1.3% in the last quarter.
Ogden reform drives car insurance price drop, but fall 'will be short-lived'
Car insurance prices have fallen by an average of 1.1% in the third quarter of 2017, the largest reduction in more than three years, however the effects will be short-lived, analysts said.
Confused announces Louise O'Shea as CEO following Coriat's departure
Confused has hired Louise O’Shea as its new CEO, taking over from Martin Coriat following his departure from the company in July this year.
Confused's profits fall 46%
Confused.com, Admiral’s price comparison business, saw profits almost half in the first six months of the year.
Admiral reports slight rise in pre-tax profit despite Ogden impact
Admiral has reported a slight jump in its pre-tax profit during the first half of 2017, despite an earlier hit to profits of £150m from the Ogden rate change.
Media watchdog bans 'misleading' Confused.com adverts
Confused.com has received a slap on the wrist from the Advertising Standards Authority for distributing ‘misleading’ motor insurance advertisement.
Price comparison websites lack clarity over pricing, report shows
Price comparison sites are not giving enough clarity over pricing, with premium prices differing between each site for the same insurer.
Motor premiums continue to rise into Q1 2017
Motorists are now paying on average £110 more for comprehensive car insurance than they did this time last year.
Men paying more than women for car insurance despite EU gender directive
Men are paying on average £101 more for car insurance than women, despite EU rules banning insurers from taking gender into account when calculating premiums.