Gap insurance claims up a quarter
New data analysis by Intelligent Motoring has revealed a 24% rise in the value of GAP insurance claims from January to September 2022, compared with the same period in 2021. […]
motor insurance
Stolen vehicles sold on at cut prices
New research commissioned by Direct Line Motor Insurance has revealed that car thieves sell vehicles on for about just five per cent of their value. Interviews with car thieves found […]
ABI calls for IPT freeze
The Association of British Insurers (ABI) is urging the Chancellor to freeze the rate of Insurance Premium Tax (IPT) in the Autumn Statement, which will be delivered on 17 November. […]
Car thefts up nearly a quarter
Vehicle theft has risen by 22% in the last year, according to data released by Statista. It found the cost of living is contributing to the rising incidents. In response, motorists […]
Lemonade joins ABI
Insurtech Lemonade has joined the ABI after launching in the UK. It joins around 200 insurance and long-term savings companies who are represented by the ABI, working together to share […]
Allianz acquires Innovation Group
Claims technology and solutions provider Innovation Group is being acquired by Allianz X, the investment arm of Allianz Group. The deal, subject to regulatory approval, will support Innovation Group develop […]
ABI announces new board appointment
The Association of British Insurers has announced that Jason Richards, Swiss Re CEO UK&I, is joining the board. The ABI board is formed of senior leaders from across the insurance […]
Solus names new COO
Solus ARC has appointed Clare Davies as its chief operating officer. She will report to Simon Smith, Solus managing director and Aviva repair lead. Davies joins Solus with more than […]
Rural car theft on the increase
NFU Mutual has warned people in rural areas to be wary of rising thefts of Land Rover Defenders. It found that thefts of this vehicle rose by 34% in 2021, […]
Motofix secures AA partnership
Motofix Group has announced that all eight accident repair locations covering the South and South West of England have been appointed by AA Insurance covering both the AA Underwriting and […]
Motor premiums creeping up
The average price of motor insurance rose in the second quarter, according to data published by the ABI. Its Motor Insurance Premium Tracker found that the average policy has increased […]
CRU falling short as claims figures fall
A freedom of information request has revealed falling motor claims figures from the Compensation Recovery Unit (CRU). Only 93,113 motor claims were recorded in the second quarter of 2022, down […]
