• 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 [...]
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  • 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, [...]
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  • Copart calls for industry collaboration
    • 24/02/2023
    • Posted by: Alan Feldberg
    • Category: News
    Copart UK emphasised its commitment to future skills and partnerships within motor insurance by taking part in an exclusive programme ‘Securing Futures’, produced by ITN Business for the ABI Annual Conference. The programme looked at the important work taking place across the insurance sector and showed how [...]
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  • Price hikes continue for motor insurance
    • 15/02/2023
    • Posted by: Alan Feldberg
    • Category: News
    Average motor insurance premiums rose by eight per cent in the fourth quarter of last year, driven by rising costs in energy and materials as well as continued part delays. According to the Association of British Insurers' latest Motor Insurance Premium Tracker, average premiums increased to £470, which is seven [...]
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  • Venson celebrates first insurance apprenticeship
    • 09/02/2023
    • Posted by: Alan Feldberg
    • Category: News
    Fleet management company Venson Automotive Solutions has announced the successful graduation of its first Insurance Practitioner apprentice. Corey Jacques, a member of its accident management team, gained a CII Level 3 Certificate in Insurance. The Insurance Practitioner Apprenticeship course included workshops, [...]
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  • Insurance payouts slow to snails pace
    • 30/01/2023
    • Posted by: Alan Feldberg
    • Category: News
    Analysis by Claims Management & Adjusting (CMA) has found that car theft victims are frequently waiting more than seven days longer for insurance payouts due to the new National Police Chiefs’ Council (NPCC) and Association of British Insurers (ABI) data sharing agreement. The Kent-based vehicle claims [...]
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  • Thatcham Research to identify EV repair and insurance pain points
    • 14/12/2022
    • Posted by: Simon Wait
    • Category: News
    Thatcham Research has announced it will lead an Innovate UK-funded five-month project focused on electric vehicle (EV) collision repair and salvage processes and their impact on insurance claims and their associated costs. EVs are set to play a central role in achieving the government’s 2050 net zero target. [...]
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  • AICL appoints FMG as repair management provider
    • 14/12/2022
    • Posted by: Simon Wait
    • Category: News
    AICL Insurance has appointed claims management specialist FMG to provide a comprehensive repair management solution for its motor insurance customers, encompassing the brands of Saga, RAC and The AA. The UK-wide solution is underpinned by FMG’s in-house engineers and includes services such as Total Loss [...]
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  • Covea and BGLi launch insurance brand nutshell
    • 02/12/2022
    • Posted by: Alan Feldberg
    • Category: News
    BGL Insurance (BGLi) has announced the launch of a new motor insurance brand in partnership with Covéa. With product features including uninsured driver protection, free motor legal cover and zero admin fees, nutshell is a comprehensive, digital-first, insurance proposition that represents a long-term ‘joint [...]
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  • Driverless parking gets green light in Germany
    • 01/12/2022
    • Posted by: Alan Feldberg
    • Category: News
    The world’s first automated driverless parking function has been officially approved for commercial use after Germany’s Federal Motor Transport Authority green-lighted the Mercedes-Benz/Bosch automated parking system in a parking garage at Stuttgart Airport. However, while this represents a significant [...]
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