• Thatcham confirms partnership with CATARC

    • 20 November 2015
    • Posted by: Simon Wait
    • Category: News
    Thatcham Research has confirmed a partnership with CATARC, the China Automotive Technology and Research Centre, to enable the introduction of a vehicle insurance rating scheme into China Funded by UK insurers, one of Thatcham’s key responsibilities is in administering the insurance Group Rating system on behalf [...]
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  • Crash for cash dropped by £60m

    • 17 November 2015
    • Posted by: Simon Wait
    • Category: News
    New figures released suggest the cost of ‘crash for cash’ fraud has dropped by almost £60 million in the last three years following a major crackdown by insurers and the police, forcing insurance cheats to change tack Statistics from the Insurance Fraud Bureau (IFB) indicate an overall decline in ‘crash for [...]
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  • IFB step up battle against fraud

    • 16 November 2015
    • Posted by: Simon Wait
    • Category: News
    The Insurance Fraud Bureau (IFB) is planning to hold a round table with aggregators next month to talk about how they can work together in the fight against insurance fraud, the Insurance Times reports IFB director Ben Fletcher said, ‘Theoretically aggregators could join the IFB if they wanted to There is no [...]
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  • Keychoice partner with RAC

    • 13 November 2015
    • Posted by: Simon Wait
    • Category: News
    Keychoice, the insurance distribution business owned by SSP, has signed a new deal that will see the RAC become the exclusive partner for motor breakdown From early next year, brokers who are Keychoice members will have exclusive access to a fully integrated breakdown recovery scheme for cars, vans and motorbikes [...]
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  • Allianz profitable growth continues

    • 12 November 2015
    • Posted by: Simon Wait
    • Category: News
    Allianz Insurance has reported 'profitable growth' despite what it describes as ‘intensive competition in key markets’ Chief executive officer, Jon Dye, released a statement on Allianz’s progress, ‘I am pleased to report that Allianz has maintained its long- term delivery of profitable growth despite [...]
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  • Young drivers underestimate cost of insurance

    • 11 November 2015
    • Posted by: Simon Wait
    • Category: News
    More than half of young drivers do not budget enough money to pay for their insurance in their first year of driving, new RAC research reveals Fifty-six per cent of the 500 young drivers surveyed for RAC Black Box Car Insurance expected their first premium to be under £750 when the average insurance cost for [...]
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  • S&P raises Ageas Insurance rating

    • 10 November 2015
    • Posted by: Simon Wait
    • Category: News
    Standard and Poor’s (S&P) has raised the rating of Ageas Insurance Limited (AIL) to ‘A’ with a stable outlook, confirming confidence in the financial strength of the business The announcement follows confirmation in May this year that S&P had granted AIL an A- rating with a positive outlook, [...]
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  • Zurich announces 440 job cuts

    • 9 November 2015
    • Posted by: Simon Wait
    • Category: News
    Zurich today announced proposals to cut up to 440 jobs in its UK general insurance business as part of a programme to reduce costs in the organisation and simplify its operating structure The UK insurance market has become steadily more challenging and the drivers for this – including low investment returns and [...]
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  • Quindell plan on name change

    • 9 November 2015
    • Posted by: Simon Wait
    • Category: News
    Insurance technology company, Quindell, is planning to change its name to Watchstone Group, pending shareholder approval The firm is also planning a 10-for-one share merger and a reduction of shareholder capital as part of the previously announced £414m payment to shareholders A general meeting will be held on 26 [...]
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  • Bradford bodyshop involved in insurance scam

    • 9 November 2015
    • Posted by: Simon Wait
    • Category: News
    The owner of a bodyshop that boasts of clients such as top footballers and music superstars, has paid back tens of thousands of pounds to an insurance company after it was found to be involved in an alleged ‘cash-for-crash’ scheme The Yorkshire Post reported that Naveed Khan, the founder of Enkahnz in Bradford, [...]
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