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UK government won’t stifle autonomous innovation
- 08/03/2016
- Posted by: Alan Feldberg
- Category: News
The Department of Transport said that when it comes to driverless technology, it does not want to introduce heavy legislation that could stifle innovation. Speaking at the Motor Insurance Summit in London yesterday, Martin Ellis, policy lead, Centre of Connected and Autonomous Vehicles, Department of Transport, [...] -
Vista completes Solera acquisition
- 08/03/2016
- Posted by: Simon Wait
- Category: News
Vista Equity Partners has completed its acquisition of Solera Holdings Inc. The transaction was originally announced on 13 September 2015. Key investors in the acquisition include an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries Inc and an affiliate of [...] -
Telematics a ‘new paradigm’ for insurers
- 08/03/2016
- Posted by: Alan Feldberg
- Category: News
The impact of telematics was the binding thread running through the fourth Annual Motor Insurance Summit, held at the Waldorf Hilton in London yesterday. Delegates from the across the industry gathered to hear presentations from a wide representation of speakers, almost all of whom said a telematics tidal wave is [...] -
Insurance continues digital trend
- 08/03/2016
- Posted by: Simon Wait
- Category: News
Research from PwC shows that the digital revolution has well and truly arrived for the insurance industry, with 71% of consumers having used some form of digital research before buying a policy. The research highlights around 26% of consumers currently purchase their plans online, with this number set to continue [...] -
Insurers urged to evolve service
- 08/03/2016
- Posted by: Alan Feldberg
- Category: News
Speakers at the fourth annual Motor Insurance Summit sounded a rallying call to the industry to use data and technology differently to satisfy changing customer habits and demands. More than 100 motor insurance leaders met at the Waldorf Hilton Hotel in London yesterday, when they were encouraged to change their [...] -
Facebook is favourite for dealers
- 08/03/2016
- Posted by: Simon Wait
- Category: News
Facebook is the favourite social media channel for dealers trading used cars, according to research by epyx. According to its report, 52% of dealers opted for Facebook when asked to name their main social media outlet compared to 29% using LinkedIn and 19% using Twitter. David Goodyear, commercial director at [...] -
All change for Innovation Group
- 07/03/2016
- Posted by: Simon Wait
- Category: News
Graham Kresfelder, head of Innovation Group’s motor business in Poland, will replace UK motor head Chris Ashworth who exits the business at the end of March. Reported by Insurance Times, Chris Ashworth who joined the group in February 2014 following Innovation Group’s acquisition of his Crashworth motor repair [...] -
Mitsubishi sales surge
- 07/03/2016
- Posted by: Simon Wait
- Category: News
Sales of Mitsubishi vehicles in February were up 28% compared to the same month last year according to figures released by the SMMT. The rise was driven by a 41% increase in sales of the Outlander PHEV, ahead of the reduction in the Plug-in Car Grant from £5,000 to £2,500 beginning 1 March. The PHEV plug-in [...] -
Driverless lorries to be trialled
- 07/03/2016
- Posted by: Simon Wait
- Category: News
Reports are abound that driverless lorries will be trialled on the UK’s roads later this year. The announcement is expected as part of Chancellor George Osborne’s Budget speech this month with The Department for Transport having declared the UK would ‘lead the way’ in testing driverless ‘HGV [...] -
Volvo posts 15% rise in sales
- 07/03/2016
- Posted by: Simon Wait
- Category: News
Volvo Cars posted a 15.2 per cent increase in retail sales for the month of February, selling 34,551 cars globally. Sales of the new Volvo XC90 were the main growth driver in all regions, while the XC60 was the best-selling model globally. Sweden was the biggest market in February, while retail sales in Europe [...]