Motor - commercial
Labour’s £1.6bn pothole plan falls short
Insurers have reacted to Transport Secretary Heidi Alexander’s announcement of a 50% increase in funding for resurfacing roads, observing more cash will be required to end the damage done to cars by potholes.
FCA launches premium finance market review
The Financial Conduct Authority has launched a review of the premium finance market, alongside the launch of a government motor insurance taskforce.
Is it time the ABI GTA had specific rates for Electric Vehicles?
With the number of electric vehicles on the UK roads well in excess of one million they are becoming an ever more important factor for motor insurers when planning how to grow, service their portfolio and manage claims costs.
Can telematics solve the mathematics of car insurance pricing?
Rory Yates, global head of strategy at EIS, observes if consumers do not love telematics by now, then they are unlikely to embrace it en masse any time soon to push down the price of motor insurance.
Diary of an Insurer: Allianz Partners’ Matt Crawford
After cycling from London to Paris in 24 hours, Matt Crawford, head of sales for roadside assistance at Allianz Partners, keeps motors running during his working week and learns lessons from the provider's travel insurance business.
Concerns raised about EV insurance profit margins
Swiss Re Institute has predicted electric vehicles will be half of all new car sales globally by 2035, with 73 million units estimated to be sold in 2040, resulting in the insurance market for this type of motor growing at a similar rate.
Admiral expands fleet focus with Flock partnership
Admiral Pioneer, Admiral Group’s venture-building business has entered into a partnership with Flock, the commercial fleet insurtech, to offer customers real time safer driving data.
Flock teases more deals as it expands into taxi fleets
Commercial fleet insurtech Flock has entered a capacity partnership with The Acorn Group, targeting black taxi as well as Uber fleets.
Zurich and Freedom Services partnership targeting £50m GWP in year one
Zurich UK has penned a five-year deal with managing general agent Freedom Services under which the insurer will provide capacity for an existing commercial vehicle book as well as a fresh telematics play.
Diary of an Insurer: Allianz Commercial's Olivia Baker
Olivia Baker, head of motor trade at Allianz Commercial, contemplates the Automated Vehicles Bill and what this will mean for motor insurance, and makes the most of flexible working.
How to pick car inspection tech that will drive insurance forward
Eliron Ekstein, co-founder and CEO of Ravin AI, shares the steps motor insurers should take to make sure the car inspection technology they pick today isn't obsolete tomorrow.
BP Marsh invests in AI Marine; Malago buys Mulberry; Antares appoints CFO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Fully autonomous cars on the road by 2026, claims Transport Secretary
With the Automated Vehicle Bill currently making its way through parliament, Transport Secretary Mark Harper has said vehicles “that have full self-driving capabilities” could be rolled out as early as 2026.
Flock to target larger fleets with NIG partnership
Flock has announced a partnership with NIG, which CEO Ed Leon Klinger says will allow the insurtech to target larger fleets as it aims to “evolve” the commercial motor insurance market.
How insurtech is transforming fleet risk calculations
Simon Dicks, insurance channel manager for EMEA at Lytx, explains how a first notification of risk approach allows insurers and fleet managers to be notified of potential risks well before any incident has taken place.
Aviva catches out fraudster who claimed videos featured his twin
A Hampshire man seeking compensation from Aviva for alleged injuries claimed videos of him taking part in martial arts training during his recovery period actually showed his twin brother.
Top 75 MGAs: Zego
Zego, the commercial motor insurance provider that offers cover for entire fleets of vehicles to self-employed drivers and riders, generated revenue worthy of inclusion in this year's Insurance Post Top 75 MGAs list.
Top 75 MGAs: Prestige Underwriting
Prestige Underwriting celebrated its 25th year in 2022 and 20% above plan growth helped the business achieve a place in this year’s Top 75 MGAs list.
Flock raids industry in flurry of exec hires
Insurance Post can reveal that commercial motor fleet insurtech Flock has completed a series of senior hires, taking top executives from multiple insurers, including Hiscox and Mulsanne.
RSA CEO reveals plans for commercial lines after DLG deal
As RSA’s £530m purchase of Direct Line’s brokered commercial lines operations made the insurer the third-biggest player in this space, Ken Norgrove, CEO of RSA, revealed his plans to make further in-roads with the market's brokers.
Allianz CEO anticipates 'strong rate' environment for rest of 2023
Colm Holmes, CEO of Allianz Holdings, has warned the insurance giant will need to continue to rate “to cover the impact of inflation” in the latter half of this year.