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Tempcover and cap hpi partner to provide short-term policies
- 19/07/2024
- Posted by: Alan Feldberg
- Category: News
New car buyers can now access immediate and short-term insurance from one hour to 28 days following a partnership between Tempcover and cap hpi. This will enable customers at dealerships to drive their new car immediately while searching for motor insurance. Tempcover and cap hpi are working together to promote [...] -
Revive! signs cosmetic insurance deal with Assurant
- 18/07/2024
- Posted by: Alan Feldberg
- Category: News
Revive! Auto Innovations has signed a new five-year deal to offer cosmetic insurance from Assurant to more than 3,000 dealerships. Available products will cover bodywork scratches and dents as well as alloy wheel damage. The announcement comes on the back of a period of significant growth for the Rugby-based [...] -
Car ownership demand increasing among young drivers
- 12/07/2024
- Posted by: Alan Feldberg
- Category: News
New research has revealed that car ownership among 17-24-year-olds is more important than ever. According to an Auto Trader study of over 2,000 young drivers, 90% said car ownership was important to them, with independence and poor public transport among the main reasons cited. In fact, 70% of those surveyed [...] -
Uninsured driver numbers double
- 20/05/2024
- Posted by: Alan Feldberg
- Category: News
Young drivers convicted of driving without a valid licence has more than doubled in two years amidst escalating premium prices. New research carried out by road safety charity IAM RoadSmart has revealed that 6,316 British drivers aged from 17-20 were convicted of driving without insurance in 2023. That is up [...] -
Confused.com announces key tech collaboration
- 03/05/2024
- Posted by: Alan Feldberg
- Category: News
Confused.com has signed a strategic partnership with Dootrix to enhances its mobile insurance app. It will leverage Dootrix’s digital and data capabilities, particularly around mobile technology, to develop new innovations to help policyholders switch between its comparison site and insurance channel more [...] -
Premium prices show signs of easing
- 19/04/2024
- Posted by: Alan Feldberg
- Category: News
New figures have revealed that car insurance premiums fell by five per cent in the last three months. According to Confused.com’s price index, produced in collaboration with WTW, comprehensive car insurance prices decreased by an average of £54 to £941. The price index analyses data from over six million [...] -
Thatcham selects LexisNexis to deliver risk intelligence to UK insurers
- 05/03/2024
- Posted by: Simon Wait
- Category: News
In a major development for the UK insurance industry, the advanced analytics and technology provider LexisNexis Risk Solutions (LRS) has secured a first-of-its-kind strategic relationship with Thatcham Research, the insurer-funded automotive risk intelligence company. The strategic relationship is expected to [...] -
ABI updates board
- 08/12/2023
- Posted by: Alan Feldberg
- Category: News
The Association of British Insurers has announced that Amanda Blanc, group CEO, Aviva, Clive Bolton, CEO, M&G Life Insurance, and Tara Foley, CEO, Axa UK & Ireland, have joined the board. The board provides the strategic direction to the Association’s work, chaired by Baroness Nicky Morgan. The [...] -
Motor insurance payouts up a third
- 07/09/2023
- Posted by: Alan Feldberg
- Category: News
Motor insurers paid out £2.5bn in claims in the second quarter of this year, according to the Association of British Insurers. This represents a 29% increase on the £2bn paid out in the same quarter last year. A 46% rise in vehicle repairs to £1.5bn drove the increase, while the cost of providing replacement [...] -
Pay-outs more than £1m shy of market value
- 01/09/2023
- Posted by: Alan Feldberg
- Category: News
New research by GAP insurance provider ALA Insurance has revealed that the average car owner is offered £286 below market value on claims where their car has been written off. ALA analysed over 3,748 claims to show which car makes receive the lowest pay-out based on market value and found that, collectively, [...]