Motor
Zurich sees GI COR improve to 96.8% as GWP drops 4%
Zurich this morning said its 2009 general Insurance business operating profit was US$3.5bn, down 2% in USD but up 1% in local currencies.
Zurich sees GI COR improve to 96.8% as GWP drops 4%
Zurich this morning said its 2009 general Insurance business operating profit was US$3.5bn, down 2% in USD but up 1% in local currencies.
Claims- personal injury: Number crunching
Wilson Carswell examines the number of personal injury claims following motor accidents that are made in the UK and asks if the figures add up.
Diabetes & Dangerous driving: Motor functions
With the number of people in the UK being diagnosed with diabetes increasing dramatically, Ian Bridge says insurers should alert their motor customers to be more aware of the legal implications.
NFU sees future in hybrid car insurance
NFU Mutual has been appointed by Mitsubishi as its approved underwriter for its new line in electric cars, i-MiEVs.
WNS breaks into national broker market
WNS Assistance is to target the UK broker market after winning an outsourcing deal with Bluefin to manage its personal lines motor claims.
Aviva drops Asda
Aviva has relinquished its role as lead home, motor and travel insurer for Asda. The insurer extended its affinity deal signed in March 2003 with the supermarket until December 2009.
AA insurance boss: deals "drying up"
The AA has reported that car insurance premiums rose more sharply in the last quarter of 2009 than at any other point since the launch of its UK insurance premium index in 1994.
Axa unveils direct launch
Axa has signalled its intention to become a major player in the direct motor market after launching an aggressive marketing campaign to support its return to the sector.
Axa joins Confused panel
Axa Direct has been named on the motor insurance panel for price comparison website Confused.
Autotrader names Autonet as van insurance provider
Insurance broker Autonet has been named as the sole van insurance provider for Autotrader.
IAG bullish despite Equity's margins being squeezed in the UK
Australian insurance giant expects to report a half year insurance profit of $488m (1H09: $227m), representing an improved insurance margin of 13.4% (1H09: 6.2%).
Editor's comment: Interest in rates up
The issue of rates — and, more specifically, motor rates — is certainly getting a lot of attention at the moment.
CIFAS reveals 55% increase in false insurance claims
The UK's fraud prevention service CIFAS has revealed a 9% increase in the overall level of fraud in 2009 compared to 2008.
Allianz household range goes live
Allianz Retail’s broker household product range, Allianz Clear, will be launched to over 500 Insurecom software users this month, forming the next stage of the range’s roll-out to Allianz Retail’s broker network.
Drivers reluctant to turn to public transport shows study
Almost four in five UK drivers would refuse to give up their cars in favour of public transport even it was improved, research from Kwik Fit Insurance has revealed.
Co-op agrees new deal with Parabis
The Co-operative Insurance has selected Parabis to handle all of its volume third party bodily injury claims and litigation following a review of suppliers.
Axa launches direct motor policy
Axa has re-entered the direct car insurance market with the launch of a product aimed at experienced drivers who have fewer accidents, more years driving and fewer convictions.
Swiss GI premiums up 0.7% in 2009
SIA added it is striving for the "recognition of the equality of supervision between the EU and Switzerland" with regards Solvency II
Swiss GI premiums up 0.7% in 2009
SIA added it is striving for the "recognition of the equality of supervision between the EU and Switzerland" with regards Solvency II
Seven insurers win £300 000 'crash for cash' damages
A consortium of seven UK motor insurers is awarded £300 000 in damages from 57 members of a 'crash for cash' fraud ring following a landmark civil case.
New senior manager appointed at BGL
Nik Hobson has been appointed as senior manager for panel development. Mr Hobson’s appointment brings the panel development team up to 17, compared to seven employees 18 months ago.
RSA extends Nationwide and DWS motor partnerships
RSA has extended its motor repair services contracts with Nationwide Crash Repair Centres and DWS Bodyworks.
Chubb launches new broker site
Chubb Insurance has launched its new broker website, Masterpiece24, which allows brokers to quote and bind high net worth cover online.