-
Average motor premiums up 4.6%
- 29/09/2015
- Posted by: Simon Wait
- Category: News
The average motor insurance premium rose 4.6% in the year to August, according to market analysis from Consumer Intelligence. However, the same report also states that premiums for under-25’s are down 5.5% thanks to blackbox or telematics technology in cars. The data, which is used by the government’s Office [...] -
DriveRight expands into new markets
- 28/09/2015
- Posted by: Simon Wait
- Category: News
DriveRight, the global vehicle fitment data specialist, has secured a six-figure equity and mezzanine investment from Finance Wales to fund its ongoing expansion into new markets in Europe, Asia and the Americas. ‘The company has managed growth since formation, yet an investment of this scale will accelerate our [...] -
Largest insurance growth opportunity revealed
- 24/09/2015
- Posted by: Simon Wait
- Category: News
By 2030, the insurance industry is expected to earn up to $1.7 trillion from women alone - with almost half coming from only 10 emerging economies, presenting a significant business opportunity for sustainable and inclusive growth, according to a new report released today by AXA, IFC, a member of the World Bank Group, [...] -
Covea announce new appointments
- 23/09/2015
- Posted by: Simon Wait
- Category: News
Covéa Insurance has announced two senior leadership appointments. Sue Coffey has been promoted to Director of Intermediated Distribution, Personal Lines and Gary Yeates has been promoted to Director of Pricing & Underwriting, Personal Lines. Both Sue and Gary will report to John Blundell, who, as part of [...] -
ECP opens new hub in Saltash
- 23/09/2015
- Posted by: Simon Wait
- Category: News
A new generation automotive hub is being opened by Euro Car Parts (ECP) in Saltash creating around 50 new jobs and improving product availability and speed of deliveries to local service, repair & MOT workshops in the South West. This major investment in the modern 33,000sqft site, built across two floors, will [...] -
AA suffers £63.6m loss
- 22/09/2015
- Posted by: Simon Wait
- Category: News
The AA has fallen to a near-£64m loss in the first half of 2015 as it recorded a pre-tax loss of £63.6m, down from a profit of £10.2m in 2014. The breakdown recovery firm is still struggling to retain customers. Although the rate of decline in its roadside assistance members slowed, its overall revenue dipped [...] -
Consumer rights act benefits car buyers
- 22/09/2015
- Posted by: Simon Wait
- Category: News
On 1st October 2015, some of the biggest changes ever in consumer law will take place and, HPI, is urging used car buyers to be aware of their new rights. The Sale of Goods Act is set to be replaced by the Consumer Rights Act 2015. This crucially allows consumers to ask for a full refund in the first 30 days of [...] -
Business backed by new Enterprise Bill
- 21/09/2015
- Posted by: Simon Wait
- Category: News
The government has published an Enterprise Bill that aims to back business to drive growth, create more jobs and ensure economic security for all. The bill will help tackle the scandal of late payments holding back many small businesses, ensure high quality apprenticeships, and make further cuts to burdensome red [...] -
Motorists unwittingly driving illegally
- 21/09/2015
- Posted by: Simon Wait
- Category: News
A staggering 1.5 million motorists in the UK are unwittingly, driving illegally as their vehicles have not got a valid MOT. Motoring.co.uk has undertaken a survey of 20,000 motorists and the results have given dramatic figures. With this snapshot of the population, 1,663 motorists have not got a valid MOT for their [...] -
IFB evolution ‘on track’
- 21/09/2015
- Posted by: Simon Wait
- Category: News
The evolution of the Insurance Fraud Bureau (IFB) is ‘on track,’ according to the Bureau’s strategy project board Chair, Mihir Pandya. Following a cross-industry consultation in 2014, the IFB’s new five-year strategy (2015 – 2019) was launched, with two primary areas of development [...]