Wednesday, 12/12/2018 | : : UTC-5
Insurance Breaking News | Home & Auto Insurance
  • Aviva goals to disrupt the market with new subscription-style product
    Aviva goals to disrupt the market with new subscription-style product

    Supplier to deal with twin pricing with new residence and motor providing. Aviva has launched a subscription-style insurance coverage product, which it stated was designed to deal with shopper considerations with the business resembling twin pricing. AvivaPlus is initially a direct product, which the supplier said gives versatile cowl, month-to-month funds with no APR, no […]

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  • Ceta concentrating on as much as 500 brokers with new on-line non-standard property service
    Ceta concentrating on as much as 500 brokers with new on-line non-standard property service

    “Recreation altering” providing set to go reside in mid-January. Ceta intends to launch its Infinity portal for brokers in mid-January 2019, Insurance coverage Age can reveal. The brand new service will begin by delivering quote and bind on-line functionality in non-standard property with extra strains to be added over time. The service has already gone […]

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  • InsurTech Futures: Azur unveils scheme to guard towards water injury
    InsurTech Futures: Azur unveils scheme to guard towards water injury

    Tech MGA to offer water leak detection system to HNW shoppers, working solely with brokers. Managing digital agent Azur has partnered with Grohe, a German producer of sensible water detection units, on a scheme aiming to guard excessive internet value (HNW) shoppers towards water leaks.  Azur said that the scheme will contain working solely with […]

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  • The Weblog Spot: Two sides to the notion hole
    The Weblog Spot: Two sides to the notion hole

    The frustration is that insurance coverage has a lot to be pleased with. To call simply 4 causes. Insurance coverage rebuilds companies and other people’s lives on the time of a declare. It supplies helpful danger administration recommendation to assist people and corporations keep away from issues within the first place. And delivers fascinating, various […]

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  • Aviva writing to clients after renewal transparency failing
    Aviva writing to clients after renewal transparency failing

    FCA evaluation led to insurer being “made conscious” of issues. Aviva is emailing clients after failing to comply with renewal transparency guidelines, Insurance coverage Age can reveal. The difficulty has stretched throughout yearly renewable basic insurance coverage merchandise, together with house and motor. The insurer admitted that on earlier renewal invitation emails it had not […]

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  • Business eager to work with FCA following twin pricing evaluation
    Business eager to work with FCA following twin pricing evaluation

    Biba and the ABI welcome the FCA’s transfer, agreeing with the regulator that the market must work in addition to attainable for all clients. Insurance coverage commerce our bodies have welcomed the Monetary Conducts Authority’s (FCA) market research into common insurance coverage pricing, which can think about “all attainable cures” to make the market work […]

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  • FCA factors to “exceptional” insurer failings because it launches “elementary” market evaluate
    FCA factors to “exceptional” insurer failings because it launches “elementary” market evaluate

    Chris Woolard on why the regulator felt it needed to act. Monetary Conduct Authority (FCA) board member and director of technique and competitors, Chris Woolard, has admitted it discovered “lower than we might anticipate” when it investigated pricing controls at family insurers “notably taking into consideration the broader conduct guidelines in place in the intervening […]

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  • FCA calls on business to proceed work on twin pricing
    FCA calls on business to proceed work on twin pricing

    Regulator factors to guiding rules from Biba and the ABI revealed in Might this yr. The Monetary Conduct Authority (FCA) has urged the business to “proceed the work underway” round common insurance coverage pricing practices. The regulator at the moment (31 October) launched an investigation into how insurers cost house and motor clients. FCA chief government, Andrew […]

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  • AA reviews flat house insurance coverage premiums for Q3 2018
    AA reviews flat house insurance coverage premiums for Q3 2018

    The price of insuring a house “stays exceptional worth for cash”. The newest AA Shoparound Index has revealed that a typical residence mixed buildings and contents coverage quote slipped by 1.2% within the third quarter of 2018 to £161.87. The slight drop reversed the rises of the second quarter and meant that the year-on-year worth […]

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  • Twin pricing – the “crack cocaine” of insurance coverage
    Twin pricing – the “crack cocaine” of insurance coverage

    Specialists reply to the Residents Recommendation tremendous grievance. “Twin pricing is like crack cocaine. When you get into it and use it then it’s virtually unimaginable to wean your self off of it. “Each single participant out there is hooked on cracked cocaine,” Ian Hughes, chief government of Shopper Intelligence advised Insurance coverage Age. The […]

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  • Which report highlights twin pricing
    Which report highlights twin pricing

    Survey exhibits twin pricing in residence cowl as some long run policyholders pay as much as £105 greater than new clients. A survey by shopper organisation Which has revealed that consumers who stay with their insurer for longer than 12 months are paying as much as 38% greater than new clients. The organisation surveyed members of […]

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  • GWP and income fall at Ageas UK in H1 2018
    GWP and income fall at Ageas UK in H1 2018

    Supplier additionally posts revenue improve and an improved COR of 99%. Ageas UK has posted a big internet revenue rise for the primary half of 2018 to €31m (£27.8m) from €11m in H1 2017. Nevertheless, income for the supplier, together with Tesco Underwriting, fell to €921m for the six month interval in comparison with €1.1bn […]

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