-
Car thefts up nearly a quarter
- 14/11/2022
- Posted by: Alan Feldberg
- Category: News
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 are doing more to protect themselves, with searches for ‘prevent car theft’ soaring by 156% in the past week alone. Your Parking [...] -
Lemonade joins ABI
- 01/11/2022
- Posted by: Alan Feldberg
- Category: News
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 best practice, contribute to policy discussions and support a thriving insurance industry in the UK and internationally. Hannah [...] -
Allianz acquires Innovation Group
- 11/10/2022
- Posted by: Alan Feldberg
- Category: News
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 further technological solutions for the insurance and automotive industries, while also accelerating the [...] -
ABI announces new board appointment
- 21/09/2022
- Posted by: Alan Feldberg
- Category: News
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 and long-term savings industry including the ABI’s president, Barry O’Dwyer. He said: “We warmly welcome Jason to the ABI [...] -
Solus names new COO
- 14/09/2022
- Posted by: Alan Feldberg
- Category: News
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 25 years’ experience within claims and operations and more recently in supply chain management. She will play a key part in [...] -
Rural car theft on the increase
- 25/08/2022
- Posted by: Alan Feldberg
- Category: News
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, and is on course to increase again this year, with the overall cost of this crime rising 87% to £2.6m. Rebecca Davidson, rural affairs specialist at NFU [...] -
Motofix secures AA partnership
- 17/08/2022
- Posted by: Alan Feldberg
- Category: News
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 AA Accident Assist. Tim Rankin, managing director of AA Accident Management, said: “With the emergence of rapidly changing [...] -
Motor premiums creeping up
- 08/08/2022
- Posted by: Alan Feldberg
- Category: News
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 to £419. This represents a marginal increase of £5 on the previous quarter, but remains £11 lower than the same time in [...] -
Motor claims inflation set to keep rising
- 28/07/2022
- Posted by: Alan Feldberg
- Category: News
UK motor claims inflation is set to continue rising, according to analysts at J.P. Morgan. They say this is because of continued supply chain issues coupled with wider inflationary pressures. It revealed that UK motor insurer Sabre said claims inflation had continued throughout the year, rising from eight per [...] -
Keyless thefts make up 94% of stolen vehicles
- 19/07/2022
- Posted by: Alan Feldberg
- Categories: Featured, News
Stolen vehicle recovery (SVR) expert Tracker has reported that 94% of the vehicles it recovered in the first half of 2022 were stolen without the thief having possession of the keys. Its warning comes as concerns over the ready availability of key hacking technology, now commonly used by criminal gangs to steal [...]