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Lloyds Cop a £90m Penalty From The FCA

8 July 2021 alastair walker 0

Ouch, take that £90m penalty, worse than a Harry Kane double-tap – the latest from the FCA; The Financial Conduct Authority (FCA) has today fined LBGI (Lloyds Bank General Insurance Limited, St Andrew’s Insurance Plc, […]

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News

Say Goodbye to Price-Walking in 2022

28 May 2021 alastair walker 0

As expected, the FCA is implementing a package of remedies to improve competition and protect home and motor insurance customers from loyalty penalties – so called `price walking.’ This includes new rules so that renewal […]

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Motor Insurance

LexisNexis Partners With Cazana on Data-Rich Quotes

13 April 2021 alastair walker 0

In a significant new development for the motor insurance market, LexisNexis® Risk Solutions in collaboration with Cazana, the vehicle data expert, is bringing near real-time vehicle data such as valuation and insights related to MOT […]

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Motor Insurance

WNS Hooks Up With By Miles on Connected Car Cover

16 February 2021 alastair walker 0

Data is in the driving seat now Britain, not that Rylan guy from the Cinch adverts. By adding layers of real time data from actual driving, on top of the basic postcode, job, claims and […]

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Insurance Regulation

FCA Publishes Plans to End `Loyalty Penalty’ On Insurance Products

22 September 2020 alastair walker 0

The FCA has today published the final report of its market study into the pricing of home and motor insurance. The FCA is concerned these markets are not working well for consumers and is setting […]

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InsureTech

ACORD Announces Winners of Insurtech Challenge

4 September 2020 alastair walker 0

Just in from the newswires; ACORD, the global standards-setting body for the insurance industry, today announced the winner of the 2020 ACORD InsurTech Innovation Challenge London. Virtual i Technologies, a patented platform for risk assessment […]

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News

Action on Renewals Price Penalty – The Word From BIBA & ABI

10 July 2020 alastair walker 0

Action by the members of BIBA (the British Insurance Brokers’ Association) and the ABI (Association of British Insurers) is benefiting long-standing customers, reveals a report published by BIBA today (10.07.20). The two organisations launched a set of Guiding […]

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Opinion

The Interview: ADAS + Driver Data = Quoting Every Driver Happy

25 June 2020 alastair walker 0

LexisNexis Risk Solutions has been busy during lockdown. While UK drivers have been learning to bake oddly shaped loaves, or attempt jail-style home haircuts, LexisNexis have developed a great product that pulls together the multiple […]

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