Car insurance premiums are continuing to rise, with the AA’s ‘shoparound’* quoted premium up 3.7% in the three months to the end of September.
Car insurance costs have been named by drivers as the motoring cost that has increased the most in the past 12 months and their number-one cost-of-motoring concern. Car maintenance bills was second.
The Financial Conduct Authority has published its examination of the impact of Big Data in sales of general insurance such as motor cover.
BMW Financial Services has added another insurance solution, Excess Protection Insurance, to its suite of motor insurance products.
For dealerships offering insurance is an easy upsell to customers that are buying a car, but research shows that once the policy expires over 70% of consumers look elsewhere for a renewal.
Volvo Car UK has appointed Verex to operate its seven day and annual motor insurance scheme for its 102 dealerships.
Customers will be more open to warranty and insurance products as they crave greater security amid the uncertainty of post-Brexit Britain.
GAP and motor-related insurance providers have been identified by the FCA as among principal firms failing to properly supervise appointed representatives.
The Financial Conduct Authority has fired a warning shot for general insurance firms acting as principals for appointed reps, after it found shortcomings.
RCI Financial Services has appointed Verex to manage motor insurance schemes for Renault and Dacia as the brands introduce new seven day and annual policies.
Non-regulated dealers can now benefit from free IAR status, 30-day free insurance for customers and access to additional revenue through GAP and SMART insurance sales.
Car dealers can now offer used car buyers a connectivity and telematics package which promises servicing prompts, intelligent roadside assistance and cheaper insurance premiums.
Bollington Insurance has appointed Jim Knight as its account manager for the motor trade as its seeks to expand its market share.
Mini Financial Services is serving up a new insurance solution MINI Hatch drivers which charges on a pay-per-mile basis after the first 6,000 miles.
Motor insurance profits could come under pressure from the development of automated cars, according to observations by KPMG and Standard & Poor.
Fix Auto UK has secured a new national agreement to provide motor repair services to one of the country’s top 10 motor insurers.
The Financial Conduct Authority (FCA) has proposed mandating new tactics designed to help consumers shop around for insurance.
The Financial Conduct Authority has begun consultation on a raft of changes to PPI complaint handling rules.
HR Owen has launched another division of its business with a bespoke insurance concierge service for its high-net-worth clients.
Welsh drivers are the most wary of driverless car technology according to a new YouGov survey.
