Insurers expect to just about break even this year – but fear sliding in to the red in 2026
Guaranteed Asset Protection (GAP) insurance payouts almost tripled in 2024 when compared to three years ago, according to new data.
AX Innovation has rebranded to Innovation 24 after Total Specific Solutions (TSS) acquired the business from AX Group.
Fires involving electric cars have surged by 77% in just two years, highlighting mounting safety concerns over the lithium-ion batteries.
Used car marketplace Motorway has announced a significant upgrade to its insurance offering, Motorway Protect to cover over 90% of vehicles sold on the platform.
It’s a year since the FCA’s investigation into GAP insurance, casting light on the character of the motor finance industry. But GAP is back on the table and motor retailers can make strides to re-build revenue, writes Duncan McClure Fisher, CEO at Intelligent Motoring.
Car insurance premium hikes have become the leading concern for motorists, overtaking rising fuel prices, according to new research from Close Brothers Motor Finance.
New research suggests that the cost of running an electric vehicle (EV) has dropped to £1,154 per year, making it 50.2% cheaper than the £2,316 required to run a petrol car
The motor insurance industry is projected to return to profitability in 2024 after two years of record losses, according to EY’s latest UK Motor Insurance Results.
More than a third of motorists would be encouraged to replace their current petrol or diesel vehicle with an electric vehicle if the Insurance Premium Tax was ditched, according to new research.
Warranty Solutions Group (WSG) has partnered with Strategic Risk Solutions (SRS) to introduce a comprehensive lineup of regulated protection products through its new captive WSG Guardian Insurance.
Omoda, Jaecoo partner with Thatcham to boost insurability, ease of repair
Insurance and warranty firm Opteven UK has appointed Neil Mobey and Emmanuel Pallot as its new heads of operations, each with distinct responsibilities to enhance the company’s service standards.
Used car marketplace Motorway is launching a new insurance product designed to protect dealers from mechanical and electrical issues when buying used vehicles online.
The Financial Conduct Authority (FCA) is undertaking a comprehensive market study into the insurance sector, focusing on the fairness of premium finance products used for motor insurance.
Lexus is launching a comprehensive warranty package to cover vehicles for up to 10 years or 100,000 miles on all its models, whether new, nearly new, or pre-owned.
A worsening shortage of replacement car parts is leaving motorists waiting weeks, or even months, for repairs, according to research by insurance broker The Green Insurer.
Opteven has launched a ‘next-level’ insurance product designed to help car owners get back on the road with a similarly priced vehicle if their car is written off
Many insurers and brokers are still failing to demonstrate fair value despite industry efforts to improve governance and oversight regarding Guaranteed Asset Protection (GAP) products.
Short-term insurer Tempcover and Cap HPI are joining forces to help dealers close more sales with insurance cover ranging from one hour to 28 days.
