insurethebox opinion on the revised discount rate for insurance claims payouts
Insurance Brokers

insurethebox Wins FirstCar Safety Award

The ground-breaking speed reduction communications programme from insurethebox, the global pioneer of telematics-based car insurance, has won the 2019 FirstCar Young Driver Road Safety Awards. Recognising the UK’s best road safety schemes, a panel of […]

InsureTech

ERM Launches Three New UBI Products as In-Car Telematics Evolves

Global automotive technology supplier ERM Advanced Telematics, whose products have been installed in over 5 million vehicles around the world, is launching three new products that will help insurance companies to determine the price of car […]

InsureTech

Insurtech News: By Miles Raises £5m in Series A Funding

 By Miles, the UK’s first real-time pay-per-mile car insurance provider, has successfully raised £5m in a Series A funding round led by Octopus Ventures. The insurtech startup is on mission to make car insurance better for […]

InsureTech

LexisNexis Survey Discovers 60% of UK Drivers Want Usage Based Insurance

Drivers in the UK increasingly want usage-based insurance (UBI). 60% of drivers would take a telematics or ‘black box’ policy today to save money and improve safety, according to a study of over 3,000 motorists. […]

Legal

LV= Wins Chance to Appeal Test Case on Motor Insurance at Supreme Court

Car insurance specialist LV has been fighting hard to get a claims case looked at by the Supreme Court – more details and a brief summary of case can be found here: https://www.supremecourt.uk/cases/docs/uksc-2017-0115-press-summary.pdf Martin Milliner, LV= […]

Motor Insurance

Smartdriverclub Joins Forces With Covea on Young Driver Offer

Smartdriverclub, the UK’s first telematics broker to offer a complete range of connected car benefits alongside telematics insurance to safe drivers, has expanded its underwriting capacity in the young driver market with the addition of […]

Motor Insurance

New Research Finds 58% of Drivers Fail to Declare Minor Car Bumps & Dings

Motor insurance providers urgently need to create greater clarity and trust around the use of accident and claims data in pricing motor insurance policies. After conducting a study of 1500 UK motorists regarding claims reporting, […]

Insurance Brokers

New Survey Finds UK Drivers Under-Insured on Car Lease/Replacement Value

Confusion about insurance is putting drivers at risk of financial shocks if their car is written off after an accident or stolen, new research from award-winning data analytics company Consumer Intelligence shows. Its nationwide study […]