Motor claims payouts rise to record levels
Insurers paid out a record £3.2bn in motor claims in the second quarter of the year, according to the latest data from the Association of British Insurers. This is a […]
motor insurance
Motor premiums to rise as insurance losses mount
The motor insurance industry is expected to make a loss this year and next, leading to higher motor premiums. The sector reported a profitable 2024 with a 98% net combined […]
Motor insurance premiums climb for second straight quarter
Motor insurance premiums rose for the second quarter in a row, according to the Defaqto Market Pricing Motor Insurance Price Index. It found premiums increased by 2.1% from April to […]
Van insurance premiums settle after sharp falls
Van insurance premiums have come down by nearly 10% in a year, according to Defaqto’s latest Quarterly Van Insurance Price Index. Meanwhile, prices are now about 18% lower than they […]
UK’s top motor fraud hotspots revealed by IFB
The Insurance Fraud Bureau has analysed more than 3.3 million vehicle claims to identify the UK’s top motor fraud hotspots. Common frauds include crash for cash scams, identity theft, and […]
Ghost broking on the rise, warns FCA
The Financial Conduct Authority has reporting rising ghost broking instances and warned against the risks of buying car insurance through social media. Its research has revealed that half of drivers […]
Drivers reducing motor insurance cover to cut costs
New analysis has revealed that 15% UK drivers have cut back on motor insurance cover in the past two years. Based on data from the Office for National Statistics and […]
Stephen Long appointed COO at Covéa Insurance
Covéa Insurance has appointed Stephen Long as chief operating officer. Long joined the company 25 years ago as a graduate trainee and has subsequently held a wide range of roles […]
Motor premiums stable despite rising repair costs
Average motor premiums remained stable in the first three months of the year, despite a rise in claims costs. According to the Association of British Insurers, average motor insurance premiums […]
Covéa Insurance strengthens Personal Lines leadership team
In a move to strengthen its Personal Lines team, Covéa Insurance has appointed Jamie McCann as head of Personal Lines. McCann, with 28 years’ experience in the insurance industry, will […]
Motor insurance prices stubbornly high in Northern Ireland
Motor insurance prices in Northern Ireland fell just £2 in the last quarter compared to decreases of £50 in the West Midlands and £30 in London. According to new data […]
Young drivers unaware insurance is compulsory – MIB
The Motor Insurers’ Bureau has revealed that 25% of young drivers do not realise that motor insurance is a legal requirement. It has launched Operation Drive Insured to raise awareness […]