Risk management issues may see fleets become among the very earliest adopters of driverless cars, predicts Chevin Fleet Solutions. If the vehicles' technology is proven to drastically reduce at-fault accidents, the pressure for fleets to acquire them may be overwhelming, says managing director Ashley Sowerby. He said, "Driverless cars represent potentially the biggest revolution in personal … [Read more...]
Insurance News
Motor insurance industry faces radical restructuring
The multi-billion pound motor insurance industry faces a period of radical restructuring as a result of the advent of autonomously driven cars. The number of crashes could drop by 80 per cent by 2035 and insurance premiums must plummet, a high-level panel discussion organised by Volvo Cars and Thatcham Research was told yesterday. Research by Swiss Re and HERE released earlier this month … [Read more...]
Newslines 3 May
The first quarter of 2016 saw a 34% year-on-year increase in warranty sales for the RAC. The surge was driven by new dealers offering RAC warranties, more dealers joining the RAC BuySure programme, and a generally improved stock mix, said Sean Kent, director, corporate and independent dealers at The Warranty Group, the RAC's warranty partner. Kia is celebrating selling its 750,000 car in the … [Read more...]
Drink-driving rise possible with new technology
New technology could lead to a rise in drink-driving, according to the latest survey of attitudes behind the wheel. Definitive research from The Co-operative Insurance has found many young drivers are misguided when it comes to driverless technology as a new report ‘Young people in the driving seat’ reveals a range of misconceptions, many with potentially serious consequences. Despite young … [Read more...]
Welsh sales team heading for really high level meeting
The sales team at North Wales-based motor finance technology specialist iVendi is aiming high for its monthly sales meeting on 12 April. It will be held at the top of Mount Snowdon, at 3,560 feet, the highest peak in Wales, with the team ascending via the fabled Pyg Trail. The walk is being sponsored in aid of a charity based within iVendi's Abergele offices and taking part are Richard … [Read more...]
Potholes pounding our cars
The Mercedes Benz R-Class (06-15) and Saab 9-3 (04-12) are the cars most likely to suffer suspension damage from potholes, according to repair analysis. Hyundai’s Santa Fe (06-12) and the Land Rover Discovery 3 (04-10) have the next most susceptible suspension, with 13.9 and 13.3 percent respectively of Warranty Direct customers claiming for axle & suspension damage annually. Potholes … [Read more...]
Older drivers facing end of the road in Wales
More than 3,000 motorists in Wales aged 70+ have had their driving licence revoked or refused due to a medical condition over the last three years, according to FOI data obtained by Confused.com. UK law requires drivers who reach the age of 70 to renew their licence every three years, with older drivers legally required to declare whether they are fit to drive. However, 45% of Welsh drivers … [Read more...]
AA urge Chancellor to put brakes on motoring tax plans
The AA has written to the Chancellor of the Exchequer urging him to resist hitting motorists and businesses again in the forthcoming budget. Edmund King OBE, AA president, says he is concerned that the Chancellor may consider Insurance Premium Tax and car fuel duty hikes to be a ‘quick win’ to increase revenues. He points out that the cost imposed by the 58% increase in Insurance … [Read more...]
Agisters joined by Vloggers
The digital tribe of YouTubers, bloggers and social media marketers simply haven’t existed as far as the UK car insurance industry is concerned - until now. While ancient, outdated or incredibly niche occupations including agisters, almoners and ostlers are catered for by the Association of British Insurers, modern careers in digital media do not appear on the lists used by insurers to rate car … [Read more...]