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Penny Black's Insurance Week - 27 February 2014
Even Penny gets a name wrong once in a while.
Advertising: Getting the word out
How are insurance firms’ advertising tactics changing in response to the rise of social media and the emergence of aggregators?
Insurers taking a dim view of 'fronting'
Parents have been warned insurers may refuse to pay out on claims and launch legal action if they suspect mums and dads are pretending to be the main driver of a vehicle used predominantly by their children.
Gender Directive: One year on
Just over 12 months after its implementation, has the Gender Directive impacted the industry as strongly as expected? And what has it meant for the progress of telematics?
Brokers baffled as FCA places them in ‘high risk’ group
Aggregators say FCA probe into sector no longer relevant.
Money Supermarket chief welcomes FCA review
A regulatory review into price comparison sites has been welcomed by Money Supermarket chief executive Peter Plumb.
FCA plots price comparison review
The Financial Conduct Authority has launched a thematic review of price comparison sites, raising fears that consumers may not be securing adequate coverage.
Pet Insurance: Paws for thought
The cost of pet insurance claims has skyrocketed in the past five years, prompting some insurers to withdraw from the sector altogether. How can those that remain respond to the difficult market conditions?
Expert Analysis: Autumn watch
IGO4’s aggregator analysis reveals that while demand for motor quotes remains high, home insurance has stalled at a disappointing level.
Post Intelligence – company profile: Esure Group
As part of its strategy to diversify its earnings, Esure Group is working to expand its home, broker and additional service offerings.
Fraud: Breaking the habit
From holidaymakers to corporates, exaggerating or fabricating an insurance claim could become common practice – so what can insurers do to combat this culture By Ruth Lawrence
Money Supermarket slams rivals’ use of wide ‘most favoured nation’ clauses
Comparison site tells Competition Commission wide MFNs are ‘anti-competitive’.
Household: On shaky ground
With cracks beginning to show in the profitability of the household insurance market, is the sector set to crumble or are its foundations solid enough to see it through?
Which report calls for transparency on aggregators
An investigation by consumer group Which found like-for-like car insurance quotes vary “widely” between the different comparison sites.
Go Compare tops most complained about ads
Car insurance price aggregator Go Compare has seen its adverts slammed by consumers, taking the top two spots in numbers of complaints published by the Advertising Standards Agency.
Aggregators: We don't need the aggravation
As aggregators come under fire for a lack of standards and insurance qualifications, some are still cool on improving professionalism.
70% of drivers think speed cameras are money-making machines
More than 19m UK drivers (70%) think speed cameras exist to make money rather than prevent accidents, according to a study by Go Compare.
Expert Analysis: Making changes
Price comparison sites are making changes to the way they operate, embracing telematics and moving into new product lines.
Leader: Beyond a joke
“It is understood European decision makers are poised to broaden the scope of the Gender Directive – which has also impacted the setting of premiums in the life and annuities markets – to cover cats and dogs.”
Cheap pet insurance under threat by EU Gender Ban after Austrian test case
Four months after gender was banned as a factor in setting premiums for motor insurance, Post understands its remit could soon be extended to impact pet owners.
Fraudulent claims prove tempting for motorists, says Go Compare
More than 6% of motorists surveyed by Go Compare said they would consider making a fraudulent insurance claim if the opportunity presented itself.
Success of Esure float boils down to accurate pricing in current market
Esure could err on the side of caution when it comes to pricing its stock as it aims to follow Direct Line Group onto the London Stock Exchange, analysts have suggested. The personal lines insurer confirmed plans to float as it revealed its 2011 result.
Wood will continue to hold 'vested interest' in Esure after IPO
Peter Wood is expected to remain Esure’s largest single shareholder by holding in excess of 30% of the shares following its planned float on the London Stock Exchange.
Aggregator quotes peak at 163m in January
Open GI has recorded its highest monthly volume of aggregator quotes, amounting to over 163m in January 2013, with motor quotations amounting to 90% of the this figure.