Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above).

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above)."

Transcription

1 AA British Insurance Premium Index AA British Insurance Premium Index Quarter April 2013 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home insurance since It measures the market average premium (an average of all quotes on a UK-representative basket of 'customers') as well as the five cheapest quotes for each 'customer' to provide the index. Motor insurance premiums 2 Home insurance premiums 7 Index home and motor quarterly moves 13 Index market average trends since Media contact Ian Crowder The information in the Index may only be used internally by the business (Internal Business Use) on the following terms. Internal Business Use means use of the information contained in the Index in reports and submissions that do not carry advertising in internal business activities. It specifically excludes any commercial use and exploitation including any use whereby the user obtains direct or indirect revenue, for example as part of any publishing activity, promotion, marketing or advertising. The AA copyright notice must be displayed on all such information. Press journalists may use the Index for editorial purposes without prior permission. Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above). AA excludes all implied warranties and conditions to the fullest extent permitted by law. AA does not in any way warrant the accuracy or completeness of the Index and by using the Index the user acknowledges that it is relying upon its own skill in determining its suitability for any general or specific purpose and accepts that the Index may not be error free. Automobile Association Insurance Services Limited is an intermediary and is regulated by the Financial Services Authority. The Automobile Association Limited 2013 Page 1

2 AA British Insurance Premium Index Motor insurance premiums Quarter Car insurance premiums falling, latest AA Index finds Legal reforms bring cost savings Premiums expected to continue downward trend Insurers access to DVLA records will further cut fraud Car insurance premiums continue to fall according to the latest benchmark AA British Insurance Premium Index, covering the first quarter of The average quoted premium for an annual comprehensive car insurance policy, as tracked by the AA index, is That s a fall of 1.4% over the first three months of Over the past year premiums have fallen by 4.1%. The figures are reached by averaging the five cheapest quotes from a range of premiums from insurers and brokers, as well as from price comparison sites, against a fixed basket of risks. Simon Douglas, director of AA Insurance, says that the falling trend will be welcomed by consumers, who over the past three years have faced some of the biggest premium increases ever recorded by the Index. Car insurance has not been far from the headlines for all the wrong reasons, as insurers struggled to balance premiums against claims costs, he says. Sharp hikes in personal injury claims, fraud and uninsured drivers, to say nothing of last year s gender directive and changing regulations, have all helped to pile on the pounds. But there are other changes that I expect to help this downward premium trend, Mr Douglas says. The first parts of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO) were introduced on 1 April, with others following later in the month and in July. Continued The Automobile Association Limited 2013 Page 2

3 AA British Insurance Premium Index Key reforms of LASPO include: Complete ban on the payment and receipt of referral fees for any claim that includes a personal injury Controls to ensure that costs are proportionate to the damages After the Event insurance premiums (often called additional liabilities ) and solicitor success fees can no longer be recovered from the defendant in an injury claim Fixed legal fees for road collision claims valued at under 10,000 will reduce from 1,200 to 500 In addition, a proposal is under consultation whereby the small claims court limit for personal injury claim cases where legal costs can t be recovered will increase from 1,000 to 5,000. These changes should go some way towards bringing no-win, no-fee type whiplash-injury claims under control, and will thus reduce the costs of claims, Mr Douglas says. Meanwhile, the government continues to focus on car insurance. The Transport Committee of cross-party MPs is currently exploring the very British phenomenon of soaring whiplash-injury claims. The Ministry of Justice has also just finished a consultation on whiplash injury. Mr Douglas hopes that these enquiries will bring further reforms to bring the number of whiplash-injury claims under control. He points out that 7 of those in crashes on Britain s roads make a claim for injury even if no injury has been suffered, amounting to some 570,000 claims per year, costing 2bn. This is a shameful record that makes the UK the whiplash capital of Europe. In France for instance, only 3% of crashes result in a personal injury claim, he says. The AA would like to see measures such as a part of legitimate injury payments being made direct to providers of rehabilitation services such as physiotherapy; an independent medical examination of whiplash-injury claimants; and the adoption of a system similar to that in Germany and Austria, where low-speed crashes are not eligible for whiplash injury claims. In a separate initiative, insurance companies are expected to be allowed to cross-check car insurance applications against the DVLA (Driver and Vehicle Licensing Agency) database from next year. Continued The Automobile Association Limited 2013 Page 3

4 AA British Insurance Premium Index Mr Douglas adds: We know that an astounding 23% of motorists wrongly declare their driving history to insurers, either not declaring convictions or disqualifications, or declaring something less significant when they take out car insurance. Many more provide other false information such as age, driving experience or even address in order to obtain a cheaper insurance premium. This is unfair to safer, honest motorists and adds to the cost of insurance. The AA s own research shows that the public overwhelmingly support such a move.* Insurers are now starting to cut premiums in anticipation that that these various measures will reduce costs. I expect the downward trend to continue, which will be welcome news for consumers, says Mr Douglas. *AA/Populus. 17,883 AA members were questioned between 14 and 20 December A net 92% of the respondents agreed that the cross-checking of insurance applications against the DVLA database is a good idea if it cuts down fraud. Continued The Automobile Association Limited 2013 Page 4

5 AA British Insurance Premium Index Motor insurance premiums Quarter Summary tables All channels: summary (note 1) Average premium Annual percentage change change Comprehensive 1, , % -3.9% TPFT 1, , % -1. All channels: summary (note 1) Average premium change Annual percentage change Comprehensive % -4.1% TPFT 1, , % Direct insurer: summary Average premium Apr-12 change change Comprehensive 1, , % 1, % TPFT 1, , % 1, % Direct insurer: summary Average premium Apr-12 change change Comprehensive % % TPFT 1, , % 1, % Price comparison sites: summary Average premium Apr-12 change change Comprehensive 1, , % 1, % TPFT 1, , , Price comparison sites: summary Average premium Apr-12 change change Comprehensive % % TPFT 1, , % 1, The Automobile Association Limited 2013 Page 5

6 AA British Insurance Premium Index The AA Index is based on a nationwide basket of risks that is representative of the UK insurance market. Quotes are obtained from a range of direct providers (brokers, insurers and schemes) and from companies quoted on price comparison sites. average is the average of all premiums returned for each risk. The average is from the five cheapest quotes returned for each risk. Note 1. Combined data that is an average of the quoted premiums returned from both the direct market and from price comparison sites. Download the Index (csv file) for motor insurance 2800 risks for car insurance Motor insurance charts direct market Quarterly movements for car insurance Motor insurance average premiums April 2013 (table) Motor insurance summary region and age April 2013 (table) Premium changes by age Premium changes by region Motor insurance comprehensive premium trends Motor insurance TPFT premium trends Motor insurance charts price comparison market Motor insurance average premiums April 2013 (table) Motor insurance summary region and age April 2013 (table) Premium changes by age Premium changes by region The Automobile Association Limited 2013 Page 6

7 AA British Insurance Premium Index Home insurance premiums Quarter Home insurance premiums fall despite flood concerns, AA Index finds Home insurance premiums continue downward trend Flood agreement between government and insurance industry out of sight thousands of homes could be left uninsurable Premiums for home buildings, contents and combined policies continued to fall dramatically over the first three months of 2013, despite an estimated cost to insurers of 1.2bn for last year s floods. Typical quotes on the AA s index (average of five cheapest premiums from both direct providers and price comparison sites) for buildings insurance are down 2.6% over the quarter (down 1.7% over the past 12 months); contents are down 1.7% (down 2.4% over the past 12 months); and for a combined buildings and contents policy, down 1.8% (down 1.4% over 12 months). Simon Douglas, director of AA Insurance, says that the downward trend hides wide regional variations, particularly where homes have suffered floods. Flood-affected homes will have seen big premium increases, especially if they have suffered two or three flood claims. They are also likely to have seen the excess the amount a homeowner must pay towards a claim for flood claims rise sharply. Such homes can still obtain insurance according to a statement of principles between insurers and the government. Yet that comes to an end in June this year and there is no sign of a replacement. The agreement was struck with the insurance industry in 2000, provided the government continued to increase investment in flood risk management. But in fact investment has fallen despite a recent welcome announcement that a further 294m will be spent to protect an additional 64,000 homes against flooding. Flooding has become a major concern for both the government and the insurance industry, which have been locked in negotiations to find a way forward. There are estimated to be over 200,000 homes at serious risk of flooding, and 1.2 million at some risk. Continued The Automobile Association Limited 2013 Page 7

8 AA British Insurance Premium Index The decision was taken to end the statement of principles back in 2008, so it s not as if there hasn t been time to come up with a new deal, says Mr Douglas. Homeowners will be exasperated and worried at this impasse. People need flood cover that is affordable, and that won t happen unless and until a more robust system, which all home owners are likely to have to contribute to, is in place. At present, we are on the brink of an open market which could see insurance becoming out of reach for flood-affected families, with obvious consequences for property values and mortgages," he says. The Association of British Insurers [ABI] has been discussing a proposal known as Flood Re, which proposes that the total cost of increase flood claims is spread through a levy on insurers to provide a not-for-profit pool to meet claims from high-risk homes. This would add an estimated 8 to 15 to all home insurance premiums. Since it would take time for this reserve to be built up, in the early years it would need to be underwritten by the government in the event that there is a major flood catastrophe soon after it was put in place. This, the AA understands, HM Treasury is unwilling to do. A further proposal by reinsurance broker Marsh offers a different option. Known as Flood Mu, it would mutualise (hence the name) rather than reinsure flood losses, with some of the claims costs arising from a flood disaster distributed over all home insurers, although some of the risk remains with the originator of the insurance cover. It would not require government funding, but is more complex in operation. Nonetheless, both concepts would need primary legislation. This could take a year or more, since it would rely on all insurers being compelled to participate. For now, I see no option but to extend the statement of principles for the time being, but it s not a satisfactory way forward. It was only ever seen as a temporary measure, Mr Douglas points out. He adds that other European countries have effective government mechanisms in place to ensure flood-risk homes can be insured, not dissimilar to the ABI s proposal. It s difficult to see why the UK can t do something along those lines. The AA Index suggests that competition is still keeping home premiums in check, although some insurers are showing signs of putting up premiums. Continued The Automobile Association Limited 2013 Page 8

9 AA British Insurance Premium Index At a time when Sir John Beddington, the government s own outgoing chief scientist, has warned that a need for urgency in tackling the irrefutable effects of climate change, insurers are becoming more nervous about the implications for more frequent and costly claims. Sir John warned that we are going to see more floods, more sea surges and more storms in our lifetimes. Insurers will confirm that greater frequency of severe weather is already affecting more and more homes that have no history of floods. I hope there isn t more serious flooding this year, adds Mr Douglas. That would almost certainly be a catalyst for further premium rises for everyone, as happened over the months following the 2007 floods. And I wouldn t expect them to stabilise until a firm solution is in place to tackle what is at great risk of becoming a national embarrassment." Continued The Automobile Association Limited 2013 Page 9

10 AA British Insurance Premium Index Home insurance premiums Quarter Summary tables All channels: summary (note 1) Average premium change Annual percentage change Buildings % -1.8% Contents % -1.9% Combined % -3.3% All channels: summary (note 1) Average premium change Annual percentage change Buildings % -1.7% Contents % -2.4% Combined % -1.4% Direct insurer: summary Average premium Apr-12 change change Buildings Contents % Combined % Direct insurer: summary Average premium Apr-12 change change Buildings % % Contents % Combined Price comparison sites: summary Average premium Apr-12 change change Buildings % % Contents % Combined % % Price comparison sites: summary Average premium Apr-12 change change Buildings % % Contents % % Combined % % The Automobile Association Limited 2013 Page 10

11 AA British Insurance Premium Index The AA Index is based on a nationwide basket of risks that is representative of the UK insurance market. Quotes are obtained from a range of direct providers (brokers, insurers and schemes) and from companies quoted on price comparison sites. average is the average of all premiums returned for each risk. The average is from the five cheapest quotes returned for each risk. Note 1. Combined data that is an average of the quoted premiums returned from both the direct market and from price comparison sites Download the Index (csv file) for home insurance: 750 risks for home insurance Home insurance charts direct market Quarterly movements for home insurance Home insurance average premiums April 2013 (table) Home insurance buildings average premiums April 2013 (table) Home insurance contents average premiums April 2013 (table) Home insurance combined average premiums April 2013 (table) Premium changes by region Premium changes by age Premium changes by property type Premium changes by year built Home insurance buildings premium trends Home insurance contents premium trends Continued The Automobile Association Limited 2013 Page 11

12 AA British Insurance Premium Index Home insurance charts price comparison market Home insurance average premiums April 2013 (table) Home insurance buildings average premiums April 2013 (table) Home insurance contents average premiums April 2013 (table) Home insurance combined average premiums April 2013 (table) Premium changes by region Premium changes by age Premium changes by property type Premium changes by year built The Automobile Association Limited 2013 Page 12

13 AA British Insurance Premium Index quarterly moves - April 2013 Buildings Contents Combined Comp TPFT July 1994 market average premium January 2013 market average premium , , April 2013 market average premium , , January 2013 shoparound average premium , April 2013 shouparound average premium , AA British Insurance Premium Index quarterly moves - April , , , , , , Buildings Contents Combined Comp TPFT July 1994 market average premium January 2013 market average premium April 2013 market average premium January 2013 shoparound average premium April 2013 shouparound average premium A base rate of 100 was set at July The British Insurance Premium Index gives a quarterly update on the movements of home insurance on 750 risks each for buildings and contents, and on 2800 car insurance risks comprehensive and 300 TPFT. July 1994 and subsequent premiums are assumed average premiums rebased in line with BIPI production methods over time. The Index shows average car insurance premiums based on open market rates from 80 of the UK's leading insurers and home premiums across 72 insurers. Composites, direct writers and online providers are included. The quarterly move compares the market average premium this quarter with the previous quarter. The shoparound premium is the average of the five lowest premiums quoted by the insurers in the market survey. This more closely reflects the price paid, but does not take account of discretionary discounts offered. All premiums shown include Insurance Premium Tax at the prevailing rate. Premiums shown for July 1994 alone are free of IPT While it is not possible to include risks from every town in the UK, those selected are typical risks, reflecting a cross section of the insurance market. Movements by specific towns are checked separately using a basket of risks.

14 AA British Insurance Premium Index market average trends since Jul-94 Jan-95 Jul-95 Jan-96 Jul-96 Jan-97 Jul-97 Jan-98 Jul-98 Jan-99 Jul-99 Jan-00 Jul-00 Jan-01 Jul-01 Jan-02 Jul-02 Jan-03 Jul-03 Jan-04 Jul-04 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Motor Comp Home Buildings Motor TPFT Home Contents

15 Motor direct market summaries AA British Insurance Premium Index

16 AA British Insurance Premium Index quarterly moves - April 2013 Comp TPFT July 1994 market average premium January 2013 market average premium 1, , April 2013 market average premium 1, , January 2013 shoparound average premium , April 2013 shoparound average premium , AA British Insurance Premium Index quarterly moves - April , , , , , , Comp July 1994 market average premium January 2013 market average premium April 2013 market average premium January 2013 shoparound average premium April 2013 shoparound average premium TPFT A base rate of 100 was set at July The British Insurance Premium Index gives a quarterly update on the movements of 2800 car insurance risks comprehensive and 300 TPFT. July 1994 and subsequent premiums are assumed average premiums rebased in line with BIPI production methods over time. The Index shows average car insurance premiums based on open market rates from 80 of the UK's leading insurers. Composites, direct writers and online providers are included. The quarterly move compares the market average premium this quarter with the previous quarter. The shoparound premium is the average of the five lowest premiums quoted by the insurers in the market survey. This more closely reflects the price paid, but does not take account of discretionary discounts offered. All premiums shown include Insurance Premium Tax at the prevailing rate. Premiums shown for July 1994 alone are free of IPT While it is not possible to include risks from every town in the UK, those selected are typical risks, reflecting a cross section of the insurance market. Movements by specific towns are checked separately using a basket of risks.

17 Motor Average Premiums April 2013 Summary Average Premium Apr-12 Comprehensive 1, , % 1, % Third Party Fire & Theft 1, , % 1, % Summary Average Premium Apr-12 Comprehensive % % Third Party Fire & Theft 1, , % 1, %

18 Motor Regional Summary - direct Region London 455 1, , % % South % Anglia , % Central 337 1, , % % West & West Country % % Wales % Granada 252 1, , % 1, , % Yorkshire 227 1, , % % Border & TyneTees 130 1, , % % Scotland % % UTV 79 1, , % 1, , % Motor Age Summary - direct Age , , % 1, , % , , % 1, , % % % % % % % % % % Total 2,646

19 AA BIPI motor quarterly average shoparound premium movement by Age April

20 AA BIPI motor quarterly average shoparound premium movement by Super Regions April London South Anglia Central West & West Country Wales Granada Yorkshire Border & TyneTees Scotland UTV

21 1,200 1,150 1,100 1,050 1, AA BIPI Motor Comprehensive shoparound premium trends 45% 4 35% 3 Premium % 2 15% 1 5% Annual 400-5% Apr-09 Aug-09 Dec-09 Apr-10 Aug-10 Dec-10 Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Annual 9.3% % 22.6% 22.5% 30.9% 39.3% 33.2% 40.1% 30.1% 16.4% 15.3% 7.7% 8.5% 5.6% -2.8% -1.2% Comp Premium

22 AA BIPI Motor Third Party shoparound premium trends Premium 1,800 1,750 1,700 1,650 1,600 1,550 1,500 1,450 1,400 1,350 1,300 1,250 1,200 1,150 1,100 1,050 1, % 78% 68% 58% 48% 38% 28% 18% 8% Annual Apr-09 Aug-09 Dec-09 Apr-10 Aug-10 Dec-10 Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Annual 13.9% 12.8% 20.7% 33.4% 35.6% 49.4% 54.6% 71.9% 82.1% 49.6% 33.1% 7.6% % 3.9% 2.7% 5.5% 3rd Party Prem , , , , , , , , , ,182.03

23 Motor price comparison market summaries AA British Insurance Premium Index

24 Motor Aggregator Average Premiums April 2013 Summary Average Premium Apr-12 Comprehensive 1, , % 1, % Third Party Fire & Theft 1, , , Summary Average Premium Apr-12 Comprehensive % % Third Party Fire & Theft 1, , % 1, Insurers Used 94

25 Motor Regional Summary - aggregator Region Anglia 221 1, , % % Border & TyneTees 131 1, , % Central 331 1, , % % Granada 265 2, , % 1, , % London 445 1, , % Scotland % % South % Wales % % West & West Country % % Yorkshire 227 1, , % % Motor Age Summary - aggregator Age , , % 1, , % , , % % % % % % % % % % % Total 2,713

26 AA BIPI quarterly average premium movement by Age - Aggregator April % -5% -6% -7% -8%

27 AA BIPI quarterly average premium movement by ITV Super Regions - Aggregator April % Anglia Border & TyneTees Central Granada London Scotland South Wales West & West Country Yorkshire -4% -5% -6% -7% -8%

28 Home direct market summaries AA British Insurance Premium Index

29 AA British Insurance Premium Index quarterly moves - April 2013 Buildings Contents Combined July 1994 market average premium January 2013 market average premium April 2013 market average premium January 2013 shoparound average premium April 2013 shoparound average premium AA British Insurance Premium Index quarterly moves - April Buildings Contents Combined July 1994 market average premium January 2013 market average premium April 2013 market average premium January 2013 shoparound average premium April 2013 shoparound average premium A base rate of 100 was set at July The British Insurance Premium Index gives a quarterly update on the movements of home insurance on 750 risks each for buildings and contents. July 1994 and subsequent premiums are assumed average premiums rebased in line with BIPI production methods over time. The Index shows average home insurance premiums based on open market rates from 72 of the UK's leading insurers. Composites, direct writers and online providers are included. The quarterly move compares the market average premium this quarter with the same quarter last year. The shoparound premium is the average of the five lowest premiums quoted by the insurers in the market survey. This more closely reflects the price paid, but does not take account of discretionary discounts offered. All premiums shown include Insurance Premium Tax at the prevailing rate. Premiums shown for July 1994 alone are free of IPT While it is not possible to include risks from every town in the UK, those selected are typical risks, reflecting a cross section of the insurance market. Movements by specific towns are checked separately using a basket of risks.

30 Home Average Premiums April 2013 Summary Average Premium Apr-12 Buildings Contents % Combined % Summary Average Premium Apr-12 Buildings % % Contents % Combined

31 Regional Summary Buildings Region Border & TyneTees % % Central & Granada % London & South % % Scotland % % Wales % % West & West Country % % Yorkshire & Anglia % % Age Summary Buildings Age % % % % % % % % % % % % % Property Summary Buildings Property Type Detached House % % Mid Terrace House % % Semi Detached House % % End Terrace House % Semi Detached Bungalow % % Detached Bungalow % % Flat % % Year Built Summary Buildings Year Built < % % % % % % % % %

32 Regional Summary Contents Region Border & TyneTees Central & Granada % % London & South % Scotland % % Wales % % West & West Country % % Yorkshire & Anglia % % Age Summary Contents Age % % % % % % % % % % % % % % Property Summary Contents Property Type Detached House % % Mid Terrace House % % Semi Detached House % % End Terrace House % Semi Detached Bungalow % % Detached Bungalow % % Flat % % Year Built Summary Contents Year Built < % % % % % % % % %

33 Regional Summary Combined Region Border & TyneTees % Central & Granada % % London & South % % Scotland % Wales % % West & West Country % % Yorkshire & Anglia % % Age Summary Combined Age % % % % % % % % % % % % % Property Summary Combined Property Type Detached House % % Mid Terrace House % % Semi Detached House % % End Terrace House % Semi Detached Bungalow % % Detached Bungalow % % Flat % % Year Built Summary Combined Year Built < % % % % % % % % % %

34 AA BIPI home quarterly average Buildings premium movements by Super Regions - April 2013 AA BIPI home quarterly average Contents premium movements by Super Regions - April 2013 Border & TyneTees Central & Granada London & South Scotland Wales West & West Country Yorkshire & Anglia Border & TyneTees Central & Granada London & South Scotland Wales West & West Country Yorkshire & Anglia -4% -4% -5% -6% AA BIPI home quarterly average Combined premium movements by Super Regions - April 2013 Border & TyneTees Central & Granada London & South Scotland Wales West & West Country Yorkshire & Anglia

35 AA BIPI home quarterly average Buildings premium movements by Age - April 2013 AA BIPI home quarterly average Contents premium movements by Age - April % -4% -5% -4% -5% -6% -5% AA BIPI home quarterly average Combined premium movements by Age - April

36 AA BIPI home quarterly average Buildings premium movements by Property Type - April 2013 AA BIPI home quarterly average Contents premium movements by Property Type - April % -4% -5% -6% Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Flat -4% -5% Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Flat -7% -6% AA BIPI home quarterly average Combined premium movements by Property Type - April % 3% 2% 1% Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Flat -4%

37 AA BIPI home quarterly average Buildings premium movements by Year Built - April 2013 AA BIPI home quarterly average Contents premium movements by Year Built - April % < < % -4% -5% AA BIPI home quarterly average Combined premium movements by Year Built - April 2013 <

38 180 AA BIPI Home Buildings shoparound premium trends % 150 Premium % Annual % Apr-09 Aug-09 Dec-09 Apr-10 Aug-10 Dec-10 Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Annual 5.8% 5.3% 5.4% 11.5% 6.7% 3.5% 7.5% 10.2% 13.6% 11.8% 14.3% 9.5% 7.1% 6.9% 5.2% 2.2% -0.8% Buildings Premium

39 112 AA BIPI Home Contents shoparound premium trends % Premium % Annual % Apr-09 Aug-09 Dec-09 Apr-10 Aug-10 Dec-10 Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Annual -0.1% -7.9% -4.7% 4.4% 1.6% 9.5% 14.9% 8.3% 11.9% 8.2% 5.8% 11.2% 3.7% 4.8% 3.3% -0.5% -2. Contents Premium

40 Home price comparison market summaries AA British Insurance Premium Index

41 Home Aggregator Average Premiums April 2013 Summary Average Premium Apr-12 Buildings % % Contents % Combined % % Summary Average Premium Apr-12 Buildings % % Contents % % Combined % % Buildings insurers used Contents insurers used Combined insurers used

42 Aggregator Regional Summary Buildings Region Border & TyneTees % % Central & Granada % London & South % % Scotland % % Wales % West & West Country % % Yorkshire & Anglia % % Aggregator Age Summary Buildings Age % % % % % % % % % % Aggregator Property Summary Buildings Property Type Detached House % % Mid Terrace House % Semi Detached House % % End Terrace House % % Semi Detached Bungalow % Detached Bungalow % % Flat % % Aggregator Year Built Summary Buildings Year Built < % % % % % % % % %

43 Aggregator Regional Summary Contents Region Border & TyneTees % Central & Granada % % London & South % % Scotland % % Wales % % West & West Country % % Yorkshire & Anglia % % Aggregator Age Summary Contents Age % % % % % % % % % % % Aggregator Property Summary Contents Property Type Detached House % % Mid Terrace House % % Semi Detached House % % End Terrace House % % Semi Detached Bungalow % % Detached Bungalow Flat % Aggregator Year Built Summary Contents Year Built < % % % % % % %

44 Aggregator Regional Summary Combined Region Border & TyneTees % % Central & Granada % % London & South % % Scotland % Wales % % West & West Country % % Yorkshire & Anglia % % Aggregator Age Summary Combined Age % % % % % % % % % % % % % Aggregator Property Summary Combined Property Type Detached House % % Mid Terrace House % % Semi Detached House % % End Terrace House % % Semi Detached Bungalow % % Detached Bungalow % Flat % % Aggregator Year Built Summary Combined Year Built < % % % % % % % %

45 AA BIPI home quarterly average Buildings premium movements by Super Regions - Aggregator April 2013 AA BIPI home quarterly average Contents premium movements by Super Regions - Aggregator April 2013 Border & TyneTees Central & Granada London & South Scotland Wales West & West Country Yorkshire & Anglia 4% 3% 3% 2% 2% -4% 1% 1% Border & TyneTees Central & Granada London & South Scotland Wales West & West Country Yorkshire & Anglia AA BIPI home quarterly average Combined premium movements by Super Regions - Aggregator April 2013 Border & TyneTees Central & Granada London & South Scotland Wales West & West Country Yorkshire & Anglia -4% -4% -5%

46 AA BIPI home quarterly average Buildings premium movements by Age - Aggregator April 2013 AA BIPI home quarterly average Contents premium movements by Age - Aggregator April % % 3% 2% 2% 1% -4% 1% -5% % AA BIPI home quarterly average Combined premium movements by Age - Aggregator April % -4% -5%

47 AA BIPI home quarterly average Buildings premium movements by Property Type - Aggregator April 2013 AA BIPI home quarterly average Contents premium movements by Property Type - Aggregator April % -4% -4% Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Flat 3% 2% 2% 1% 1% Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Flat AA BIPI home quarterly average Combined premium movements by Property Type - Aggregator April 2013 Detached House Mid Terrace House Semi Detached House End Terrace House Semi Detached Bungalow Detached Bungalow Flat -4% -4% -5% -5%

48 AA BIPI home quarterly average Buildings premium movements by Year Built - Aggregator April 2013 AA BIPI home quarterly average Contents premium movements by Year Built - Aggregator April % < % 2% 1% 1% < AA BIPI home quarterly average Combined premium movements by Year Built - Aggregator April 2013 < % -4%

Motor insurance premiums 2. Home insurance premiums 6. Index home and motor quarterly moves 9. Index market average trends since 1994 10

Motor insurance premiums 2. Home insurance premiums 6. Index home and motor quarterly moves 9. Index market average trends since 1994 10 AA British Insurance Premium Index AA British Insurance Premium Index Quarter 2 2013 27 July 2013 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home

More information

Motor insurance premiums 2. Home insurance premiums 5. Index home and motor quarterly moves 8. Index market average trends since 1994 9

Motor insurance premiums 2. Home insurance premiums 5. Index home and motor quarterly moves 8. Index market average trends since 1994 9 AA British Insurance Premium Index AA British Insurance Premium Index Quarter 1 2012 25 April 2012 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home

More information

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above).

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above). AA British Insurance Premium Index AA British Insurance Premium Index 2014 quarter 2 23 July 2014 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home

More information

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above).

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above). AA British Insurance Premium Index AA British Insurance Premium Index 2014 quarter 1 26 April 2014 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home

More information

Motor insurance premiums 2. Home insurance premiums 6. Index motor insurance trends since 1994 9. Index home insurance trends since 1994 10

Motor insurance premiums 2. Home insurance premiums 6. Index motor insurance trends since 1994 9. Index home insurance trends since 1994 10 AA British Insurance Premium Index AA British Insurance Premium Index 2015 quarter 1 21 April 2015 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home

More information

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above).

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above). AA British Insurance Premium Index AA British Insurance Premium Index Quarter 4 2013 23 January 2014 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home

More information

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above).

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above). AA British Insurance Premium Index AA British Insurance Premium Index quarter 4 20 January 2015 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home insurance

More information

Motor insurance premiums 2. Home insurance premiums 8. Index home and motor quarterly moves 13. Index market average trends since 1994 14

Motor insurance premiums 2. Home insurance premiums 8. Index home and motor quarterly moves 13. Index market average trends since 1994 14 AA British Insurance Premium Index AA British Insurance Premium Index 2014 quarter 3 22 October 2014 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home

More information

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above).

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above). AA British Insurance Premium Index AA British Insurance Premium Index 2015 quarter 2 21 July 2015 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home

More information

Motor insurance premiums 2. Home insurance premiums 7. Index motor insurance trends since 1994 10. Index home insurance trends since 1994 11

Motor insurance premiums 2. Home insurance premiums 7. Index motor insurance trends since 1994 10. Index home insurance trends since 1994 11 AA British Insurance Premium Index AA British Insurance Premium Index 2015 quarter 3 22 October 2015 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home

More information

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above).

Any use of the Index other than as above is not permitted without the prior written consent of the AA (contact details above). AA British Insurance Premium Index AA British Insurance Premium Index 2015 quarter 4 20 January 2016 The AA British Insurance Premium Index (Index) has been tracking the quarterly movement of car and home

More information

Motor insurance premiums 3. Home insurance premiums 7

Motor insurance premiums 3. Home insurance premiums 7 AA British Insurance Premium Index Quarter 1 2010 April 2010 The AA British Insurance Premium Index (Index) has been tracking both home and car insurance premiums since July 1994 and has become an industry

More information

AA British Insurance Premium Index

AA British Insurance Premium Index AA British Insurance Premium Index Second quarter 2009 Summary: The AA s benchmark British Insurance Premium Index for the second quarter of 2009 shows that average quoted premiums for car insurance continue

More information

AA British Insurance Premium Index

AA British Insurance Premium Index Car insurance UNPRECEDENTED PREMIUM INCREASES HIT DRIVERS HARD, AA INDEX FINDS Car insurance premiums are rising faster than at any time over the past 15 years, according to the latest AA British Insurance

More information

The September 2012 updated report on third party motor claims from the Institute and Faculty of Actuaries

The September 2012 updated report on third party motor claims from the Institute and Faculty of Actuaries The September 2012 updated report on third party motor claims from the Institute and Faculty of Actuaries This is an update to the third annual report from the Institute and Faculty of Actuaries collating

More information

March 2013. Lifting the bonnet on car insurance - what are the real costs?

March 2013. Lifting the bonnet on car insurance - what are the real costs? March 2013 Lifting the bonnet on car insurance - what are the real costs? Lifting the bonnet on car insurance what are the real costs? Most UK motorists have an opinion on the cost of car insurance. Many

More information

All Party Working Group on Motor Insurance Room 21, Parliament Buildings, 14 October 2014 at 2pm

All Party Working Group on Motor Insurance Room 21, Parliament Buildings, 14 October 2014 at 2pm All Party Working Group on Motor Insurance Room 21, Parliament Buildings, 14 October 2014 at 2pm Present: Trevor Lunn, Chair Roy Beggs (for part) Cathal Boylan (for part) Alban Maginness (for part) Rob

More information

Insurance Insights. When markets hit motorists. How international financial markets impact Compulsory Third Party insurance

Insurance Insights. When markets hit motorists. How international financial markets impact Compulsory Third Party insurance Insurance Insights When markets hit motorists How international financial markets impact Compulsory Third Party insurance August 2012 Chris McHugh Executive General Manager Statutory Portfolio Commercial

More information

Road to Reform: Reducing Motor Premiums by Reforming the Personal Injury Claims Process

Road to Reform: Reducing Motor Premiums by Reforming the Personal Injury Claims Process Road to Reform: Reducing Motor Premiums by Reforming the Personal Injury Claims Process February 2013 Contents Executive Summary Introduction 3 What s wrong with the current personal injury claims process?

More information

OUTLOOK: PERSPECTIVES ON TOPICAL RISK AND INSURANCE ISSUES FOR UK CORPORATES

OUTLOOK: PERSPECTIVES ON TOPICAL RISK AND INSURANCE ISSUES FOR UK CORPORATES June 2013 MARSH INSIGHTS: OUTLOOK: PERSPECTIVES ON TOPICAL RISK AND INSURANCE ISSUES FOR UK CORPORATES Over recent months we have profiled several developments in relation to insurance claims specifically

More information

Association of British Insurers UK Insurance Key Facts. UK Insurance KEY FACTS

Association of British Insurers UK Insurance Key Facts. UK Insurance KEY FACTS September 2013 Association of British Insurers UK Insurance Key Facts UK Insurance KEY FACTS 2013 abi.org.uk @BritishInsurers 3 Association of British Insurers UK Insurance Key Facts September 2013 About

More information

Road to reform: Tackling the UK s compensation culture

Road to reform: Tackling the UK s compensation culture Road to reform: Tackling the UK s compensation culture July 2014 97041280.indd 1 22/07/2014 08:53 Contents Introduction Introduction 2 What is wrong with the motor insurance claims process? 4 Claims, compensation

More information

This is a short version of the 2014 report on third party motor claims from the Institute and Faculty of Actuaries (IFoA), analysing 2013 data

This is a short version of the 2014 report on third party motor claims from the Institute and Faculty of Actuaries (IFoA), analysing 2013 data This is a short version of the 2014 report on third party motor claims from the Institute and Faculty of Actuaries (IFoA), analysing 2013 data These are the interim results for the fifth annual report

More information

1. Findings from the OFT Report on the UK market as a whole

1. Findings from the OFT Report on the UK market as a whole Briefing on Legal and Justice issues relating to the Cost of Car Insurance February 2012 1 Background The Consumer Council has continued its campaign to lower the cost of car insurance in Northern Ireland

More information

Additional written evidence from the Association of British Insurers (ABI) (CMI 13c)

Additional written evidence from the Association of British Insurers (ABI) (CMI 13c) Additional written evidence from the Association of British Insurers (ABI) (CMI 13c) In light of the report of the Transport Select Committee which calls upon the insurance industry to do more to tackle

More information

Cost of Preferred (or more likely) Option Net cost to business per year (EANCB on 2009 prices) 0m N/A N/A No N/A

Cost of Preferred (or more likely) Option Net cost to business per year (EANCB on 2009 prices) 0m N/A N/A No N/A Dismissal of personal injury claims involving fundamental dishonesty IA No: MoJ 021/2014 Lead department or agency: Ministry of Justice Other departments or agencies: Impact Assessment (IA) Date: 6 June

More information

The UK s Whiplash Epidemic

The UK s Whiplash Epidemic The UK s Whiplash Epidemic The International Insurance Forum Motor Insurance: The Road Towards Profitability James Dalton, Director of General Insurance Policy Association of British Insurers 19 th April

More information

Spiralling Costs of Insurance in Ireland

Spiralling Costs of Insurance in Ireland Spiralling Costs of Insurance in Ireland Presented to the Society of Actuaries in Ireland Dermot O Hara FSAI David Costello FSAI November 2002 Note The opinions contained in this paper are expressed in

More information

Private Motor Insurance. Royal & Sun Alliance Insurance plc. Summary Submission to the Competition Commission

Private Motor Insurance. Royal & Sun Alliance Insurance plc. Summary Submission to the Competition Commission 1. Introduction Private Motor Insurance Royal & Sun Alliance Insurance plc Summary Submission to the Competition Commission 1.1 Royal & Sun Alliance Insurance plc ("RSA") welcomes the Competition Commission's

More information

Seasonality and issues of the season

Seasonality and issues of the season General Insurance Pricing Seminar James Tanser and Margarida Júdice Seasonality and issues of the season 2010 The Actuarial Profession www.actuaries.org.uk Agenda Issues of the season New claim trends

More information

UK INSURANCE KEY FACTS 2014. UK Insurance KEY FACTS. Follow us on Twitter @BritishInsurers

UK INSURANCE KEY FACTS 2014. UK Insurance KEY FACTS. Follow us on Twitter @BritishInsurers UK INSURANCE KEY FACTS 2014 UK Insurance KEY FACTS 2014 3 @BritishInsurers Follow us on Twitter @BritishInsurers ASSOCIATION OF BRITISH INSURERS About the ABI The Association of British Insurers is the

More information

MOTOR INSURANCE PREMIUMS MADE SIMPLE

MOTOR INSURANCE PREMIUMS MADE SIMPLE MOTOR INSURANCE PREMIUMS MADE SIMPLE Working with the profession to simplify the language of insurance UNDERSTANDING YOUR MOTOR INSURANCE PREMIUM Everyone driving on UK roads must have car insurance it

More information

FLOOD INSURANCE MADE SIMPLE

FLOOD INSURANCE MADE SIMPLE FLOOD INSURANCE MADE SIMPLE Working with the profession to simplify the language of insurance TAKE COVER FROM RISING WATER Flooding can be destructive to our lives, our homes and our wallets. However investing

More information

Presentation by Michael Wade. Crown Representative for Insurance at the Cabinet Office of the UK Government. National Flood Conference Washington DC

Presentation by Michael Wade. Crown Representative for Insurance at the Cabinet Office of the UK Government. National Flood Conference Washington DC Presentation by Michael Wade Crown Representative for Insurance at the Cabinet Office of the UK Government National Flood Conference Washington DC May 2015 Role of the Crown Representative.. Role of the

More information

The 2012 report on third party motor claims and periodic payment orders (PPOs) from the Institute and Faculty of Actuaries

The 2012 report on third party motor claims and periodic payment orders (PPOs) from the Institute and Faculty of Actuaries The 2012 report on third party motor claims and periodic payment orders (PPOs) from the Institute and Faculty of Actuaries This is the third annual report from the Institute and Faculty of Actuaries collating

More information

DRIVING WITH CONFIDENCE

DRIVING WITH CONFIDENCE MAKING SENSE OF CAR INSURANCE 1 DRIVING WITH CONFIDENCE MAKING SENSE OF CAR INSURANCE 2007 1 MAKING SENSE OF CAR INSURANCE MAKING SENSE OF CAR INSURANCE 2 WHY IT IS IMPORTANT TO HAVE INSURANCE If you cause

More information

KEY FACTS 2015. UK Insurance & Long Term Savings. Key Facts 2015. Follow us on Twitter @BritishInsurers

KEY FACTS 2015. UK Insurance & Long Term Savings. Key Facts 2015. Follow us on Twitter @BritishInsurers KEY FACTS 2015 UK Insurance & Long Term Savings Key Facts 2015 @BritishInsurers Follow us on Twitter @BritishInsurers ASSOCIATION OF BRITISH INSURERS The UK insurance and long term savings industry is

More information

Civil Justice Council response to Insurance Task Force interim report. May 2015

Civil Justice Council response to Insurance Task Force interim report. May 2015 Civil Justice Council response to Insurance Task Force interim report May 2015 The CJC welcomes an initiative to combat insurance fraud, which is not always easy to detect, but is a crime, and does lead

More information

A CALL TO ACTION! THE MAG CAMPAIGN FOR FAIRNESS AND TRANSPARENCY IN MOTOR INSURANCE. Motorcycle Action Group MAG (UK)

A CALL TO ACTION! THE MAG CAMPAIGN FOR FAIRNESS AND TRANSPARENCY IN MOTOR INSURANCE. Motorcycle Action Group MAG (UK) A CALL TO ACTION! THE MAG CAMPAIGN FOR FAIRNESS AND TRANSPARENCY IN MOTOR INSURANCE Motorcycle Action Group MAG (UK) The Leading Riders Rights Organisation www.mag-uk.org CONTENTS PAGE 3 - A CALL TO ACTION!

More information

The four year assessment evaluating the outcome of The Jackson Review and LASPO on ATE, BTE and more. Tony Buss, Managing Director ARAG (UK)

The four year assessment evaluating the outcome of The Jackson Review and LASPO on ATE, BTE and more. Tony Buss, Managing Director ARAG (UK) The four year assessment evaluating the outcome of The Jackson Review and LASPO on ATE, BTE and more Tony Buss, Managing Director ARAG (UK) 1 Comments on Jackson [The Government s] are seeking to strike

More information

FLEET UNDERWRITING POLICY SUMMARY

FLEET UNDERWRITING POLICY SUMMARY FLEET UNDERWRITING POLICY SUMMARY Some important facts about your Motor Insurance are summarised below. This summary does not contain the full terms and conditions of the contract which can be found in

More information

Whether the government is correct in describing the UK as the whiplash capital of the world

Whether the government is correct in describing the UK as the whiplash capital of the world Whiplash and the cost of motor insurance: what s behind the insurance industry claims Submission to the Transport Committee by Thompsons Solicitors April 2013 About Thompsons Thompsons is the UK s most

More information

Premium Drivers. A quarterly motor insurance savings index by comparethemarket.com

Premium Drivers. A quarterly motor insurance savings index by comparethemarket.com Premium Drivers A quarterly motor insurance savings index by comparethemarket.com September 2015 Introduction The sixth Premium Drivers report from comparethemarket.com, which analyses the difference between

More information

EWART PRICE SOLICITORS ROAD TRAFFIC ACCIDENTS - NOTES FOR CLAIMING FOR PERSONAL INJURY AND OTHER UNINSURED LOSSES

EWART PRICE SOLICITORS ROAD TRAFFIC ACCIDENTS - NOTES FOR CLAIMING FOR PERSONAL INJURY AND OTHER UNINSURED LOSSES E P EWART PRICE SOLICITORS ROAD TRAFFIC ACCIDENTS - NOTES FOR CLAIMING FOR PERSONAL INJURY AND OTHER UNINSURED LOSSES If you have been involved in a Road Traffic Accident as a driver or passenger we hope

More information

As at 31 March Published June 2015 Q1.15

As at 31 March Published June 2015 Q1.15 Milliman Quarterly Statistics Data Prepared by: Gary Wells, FIA, FSAI As at 31 March Published June 2015 Risk in retirement: Impact of the market downturn and implications for retirees and product providers

More information

Transport Select Committee inquiry into the cost of Motor Insurance.

Transport Select Committee inquiry into the cost of Motor Insurance. S:\WP\!FILES\CURRENT\Graeme\Nicola/Octooberl\2010\ LTR- Transport Select Committee 3 November 2010 Mr M Egan Transport Committee House of Commons 7 Millbank London SW1P 3JA Dear Mark Transport Select Committee

More information

Asda Van Insurance. money. Terms of Business

Asda Van Insurance. money. Terms of Business Asda Van Insurance money Terms of Business Contents page number TERMS OF BUSINESS... 3 About The Service we Provide... 3 Our Status and the Services Provided... 3 The Capacity in Which We re Acting...

More information

Technical claims brief. Monthly update February 2013

Technical claims brief. Monthly update February 2013 Technical claims brief Monthly update February 2013 Contents News 1 Ministry of Justice Claims Portal Extension put back 1 Solicitors Regulatory Authority stands by April 1 2013 implementation of referral

More information

INSURANCE IN THE UK: THE BENEFITS OF PRICING RISK. January 2008

INSURANCE IN THE UK: THE BENEFITS OF PRICING RISK. January 2008 INSURANCE IN THE UK: THE BENEFITS OF PRICING RISK January 2008 1 INSURANCE IN THE UK: THE BENEFITS OF PRICING RISK How insurance deals with risk Insurance protects people and businesses against the risks

More information

GIRO40 8 11 October, Edinburgh

GIRO40 8 11 October, Edinburgh GIRO40 8 11 October, Edinburgh Bodily Injury Where next? Tim Jordan The MDU Cherry Chan Barnett Waddingham James Turner The MDU 14 October 2013 1 Questions Comments Expressions of individual views by members

More information

Private Vehicle Motor Insurance Key Facts

Private Vehicle Motor Insurance Key Facts Private Vehicle Motor Insurance Key Facts This is a summary of your policy and does not contain the full terms and conditions of your insurance policy. The full terms and conditions can be found in your

More information

Motor Third Party Working Party 2011 Communications Pack

Motor Third Party Working Party 2011 Communications Pack Motor Third Party Working Party 2011 Communications Pack Purpose of this paper The Motor Third Party Working Party analyses data from insurers on third party motor claims in the UK. This year s analysis

More information

The Cost of Insurance in Northern Ireland

The Cost of Insurance in Northern Ireland Research and Library Service Paper 71/10 11 June 2010 NIAR 227-2010 Eoin Murphy The Cost of Insurance in Northern Ireland 1 Introduction This briefing paper was requested by the Committee for Finance and

More information

First-time buyers squeezed out as deposit costs rise

First-time buyers squeezed out as deposit costs rise Under embargo until Friday 3 rd July June 2015 First-time buyers squeezed out as deposit costs rise May sees 22,200 first-time buyer (FTB) transactions as sales drop 18.1% compared to 27,100 last year

More information

The Money Statistics January 2015

The Money Statistics January 2015 The Money Statistics January 2015 Welcome to the January 2015 edition of The Money Statistics The Money Charity s monthly roundup of statistics about how we use money in the UK. These were previously published

More information

Financial Inclusion Commission

Financial Inclusion Commission Financial Inclusion Commission Written evidence by Unlock 1. Summary There are just under 10 million people with a criminal record in England & Wales. Before March 2014, approximately 2.5 million people

More information

Continuous Insurance Enforcement (CIE) Frequently Asked Questions

Continuous Insurance Enforcement (CIE) Frequently Asked Questions Continuous Insurance Enforcement (CIE) Frequently Asked Questions This document is aimed at providing further clarity on the CIE process for the insurance industry and contains questions (and answers)

More information

Allianz Insurance plc. Small Fleet. Information including Policy Summary (pages 1-3) and Proposal Form (pages 5-6)

Allianz Insurance plc. Small Fleet. Information including Policy Summary (pages 1-3) and Proposal Form (pages 5-6) Allianz Insurance plc Small Fleet Information including Policy Summary (pages 1-3) and Proposal Form (pages 5-6) Introduction Thank you for choosing Allianz Insurance plc. We are one of the largest general

More information

a consumers guide to No-Fault Automobile Insurance in Michigan

a consumers guide to No-Fault Automobile Insurance in Michigan a consumers guide to No-Fault Automobile Insurance in Michigan No-Fault Automobile Insurance in Michigan The Michigan no-fault system was adopted in 1973 to increase the level of benefits paid to injured

More information

FIAR Motor Insurance Conference Brasov Romania - 20 May 2015. UK Motor Claims

FIAR Motor Insurance Conference Brasov Romania - 20 May 2015. UK Motor Claims FIAR Motor Insurance Conference Brasov Romania - 20 May 2015. UK Motor Claims InterEurope AG European Law Service Head Office Hansaallee 249 40549 Düsseldorf Germany Tel. +49 211 586 584 18 Fax. +49 211

More information

Consultation Document. Extension of the RTA scheme to include employers and public liability claims up to the value of 25,000

Consultation Document. Extension of the RTA scheme to include employers and public liability claims up to the value of 25,000 Consultation Document Extension of the RTA scheme to include employers and public liability claims up to the value of 25,000 Response from: British Vehicle Rental and Leasing Association River Lodge Badminton

More information

The Motor Insurance Regulation Bill. A Briefing Paper from NewLaw Solicitors

The Motor Insurance Regulation Bill. A Briefing Paper from NewLaw Solicitors The Motor Insurance Regulation Bill A Briefing Paper from NewLaw Solicitors Produced by: Philip Dicken Strategic Partnerships Director NewLaw Solicitors Email: philip.dicken@new-law.co.uk Directline: 029

More information

Claim notification form

Claim notification form Before filling in this form you are encouraged to seek independent legal advice. Date sent / / Claim notification form Low value personal injury claims in road traffic accidents( 1,000-10,000) Are you

More information

Good morning and thank you for inviting me to be with you at the International Whiplash Conference here in Bristol today.

Good morning and thank you for inviting me to be with you at the International Whiplash Conference here in Bristol today. SPEECH NOTES [Check Against Delivery] Address by James Dalton to the International Whiplash Conference Tuesday 24 th April, 2012 Do Insurers want to ban whiplash? Introduction Good morning and thank you

More information

ENSURING CONSUMERS GET A FAIR DEAL FROM INSURANCE

ENSURING CONSUMERS GET A FAIR DEAL FROM INSURANCE Summary ENSURING CONSUMERS GET A FAIR DEAL FROM INSURANCE Nearly everyone buys General Insurance (GI) products, from compulsory policies such as motor insurance, to add-ons like gadget cover. In recent

More information

Briefing for the Legal Aid, Sentencing and Punishment of Offenders Bill Committee. An interlocking package of reforms

Briefing for the Legal Aid, Sentencing and Punishment of Offenders Bill Committee. An interlocking package of reforms Briefing for the Legal Aid, Sentencing and Punishment of Offenders Bill Committee An interlocking package of reforms March 2012 Briefing for Members of the Legal Aid, Sentencing and Punishment of Offenders

More information

Claim notification form

Claim notification form Before filling in this form you are encouraged to seek independent legal advice. Date sent / / Claim notification form Low value personal injury claims in road traffic accidents( 1,000-10,000) Are you

More information

Go Girl Private Car and Small Commercial Vehicle Policy Summary

Go Girl Private Car and Small Commercial Vehicle Policy Summary Private Car and Small Commercial Vehicle Policy Summary is a trading name of Sabre Insurance Company Limited. Any reference to in this document will mean Sabre Insurance Company Limited as the ultimate

More information

Focus on insurance: risk indemnity or age discrimination? Dec 2011. Introduction

Focus on insurance: risk indemnity or age discrimination? Dec 2011. Introduction Dec 2011 Focus on insurance: risk indemnity or age discrimination? Introduction Older people face significant difficulties when it comes to the cost and availability of insurance, whether it is health,

More information

CRU Factsheet June Private rental market and House price trends in Tower Hamlets

CRU Factsheet June Private rental market and House price trends in Tower Hamlets CRU Factsheet 2013-02 June 2013 Private rental market and House price trends in Page 2 Summary of key findings The Corporate Research Team is publishing a quarterly update covering changes in the Tower

More information

CIVIL JUSTICE COUNCIL THE IMPACT OF THE JACKSON REFORMS ON COSTS AND CASE MANAGEMENT

CIVIL JUSTICE COUNCIL THE IMPACT OF THE JACKSON REFORMS ON COSTS AND CASE MANAGEMENT Introduction CIVIL JUSTICE COUNCIL THE IMPACT OF THE JACKSON REFORMS ON COSTS AND CASE MANAGEMENT Submission by the Motor Accident Solicitors Society (MASS) March 2014 1. This response is prepared on behalf

More information

Why do we need new arrangements for flood insurance?... 1. What is the Government s proposed approach?... 1. Flood Re... 1

Why do we need new arrangements for flood insurance?... 1. What is the Government s proposed approach?... 1. Flood Re... 1 Department for Environment, Food and Rural Affairs Water Bill Flood Insurance November 2013 This is one of a series of briefing notes on the Water Bill. This note explains in detail what the Government

More information

I: Whether the Government is correct in describing Great Britain as the "whiplash capital of the world".

I: Whether the Government is correct in describing Great Britain as the whiplash capital of the world. Louise Ellman Chair of the Transport Select Committee House of Commons London SW1P 3JA 15 April 2013 Dear Mrs Ellman Transport Select Committee Inquiry into Whiplash Claims 1. The Institute and Faculty

More information

Auto Insurance for New Mexico s Young Drivers

Auto Insurance for New Mexico s Young Drivers Auto Insurance for New Mexico s Young Drivers Prepared for New Mexico s Young Drivers and Their Parents by: One of the major events in many people s lives is earning the privilege of driving a motor vehicle.

More information

IS4U guide to car insurance

IS4U guide to car insurance IS4U guide to car insurance So what is car insurance? With so many cars on the road at any given time, you can be sure that someone somewhere has just had a bump or an accident. This may involve one, or

More information

Asda Car Insurance. Terms of Business. money

Asda Car Insurance. Terms of Business. money Asda Car Insurance Terms of Business money Contents page number Terms of Business... 3 About us... 3 Our status and the services provided... 3 The capacity in which we re acting... 3 Quotations... 3 How

More information

Key Policy Information

Key Policy Information Key Information Inside you ll find a summary of your car insurance tescobank.com Tesco Bank Car Insurance Key Information This is a summary of cover available under Tesco Bank Car Insurance. It does not

More information

The industry is delivering on its commitment to pass on savings to customers

The industry is delivering on its commitment to pass on savings to customers TRANSPORT SELECT COMMITTEE INQUIRY COST OF MOTOR INSURANCE: WHIPLASH Evidence from the Association of British Insurers The Association of British Insurers (ABI) is the voice of the insurance and investment

More information

Providing group personal excess liability insurance to a unique group of professionals. Group Personal Excess Liability Insurance

Providing group personal excess liability insurance to a unique group of professionals. Group Personal Excess Liability Insurance Providing group personal excess liability insurance to a unique group of professionals Group Personal Excess Liability Insurance W ith the number of personal lawsuits growing at an alarming rate, professionals

More information

Client Bulletin. June 2013 Ministry of Justice Reforms update and practical guidance

Client Bulletin. June 2013 Ministry of Justice Reforms update and practical guidance Client Bulletin June 2013 Ministry of Justice Reforms update and practical guidance This bulletin provides an update to our previous bulletin about the proposed Ministry of Justice Reforms and follows

More information

Policy Summary. Keep this wording safe.

Policy Summary. Keep this wording safe. Policy Summary Keep this wording safe. Covéa Insurance Private Car This is a Policy Summary only and does not contain the full terms and conditions of your insurance contract; these can be found in your

More information

QBE European Operations. Portal extension. Guidance document June 2013. Ministry of Justice extension to the claims protocols Maximising Opportunities

QBE European Operations. Portal extension. Guidance document June 2013. Ministry of Justice extension to the claims protocols Maximising Opportunities QBE European Operations Portal extension Guidance document June 2013 Ministry of Justice extension to the claims protocols Maximising Opportunities Portal extension Guidance document June 2013 Ministry

More information

UK Insurance Key Facts. September 2012

UK Insurance Key Facts. September 2012 UK Insurance Key Facts September 2012 UK INSURANCE KEY FACTS 3 The UK insurance industry is the third largest in the world and the largest in Europe. It is an essential part of the UK s economic strength,

More information

SASKATCHEWAN PRESTIGE AUTO INSURANCE

SASKATCHEWAN PRESTIGE AUTO INSURANCE Licence Plate Insurance... 2 Why Plate Insurance Isn t Enough... 3 Added Liability Protection... 4 Family Protection Coverage... 4 Vehicle Damage Deductible... 5 Accident Benefits... 5 Non-Owned Driver

More information

Volvo Car Insurance DESIGNED WITH YOU IN MIND 7 DAYS FREE DRIVEAWAY WITH VOLVO CAR INSURANCE. 60958_453131A_BRO.indd 1 2/12/08 16:45:32

Volvo Car Insurance DESIGNED WITH YOU IN MIND 7 DAYS FREE DRIVEAWAY WITH VOLVO CAR INSURANCE. 60958_453131A_BRO.indd 1 2/12/08 16:45:32 Volvo Car Insurance DESIGNED WITH YOU IN MIND 7 DAYS FREE DRIVEAWAY WITH VOLVO CAR INSURANCE 60958_453131A_BRO.indd 1 2/12/08 16:45:32 60958_453131A_BRO.indd 2 2/12/08 16:45:38 7 Days Free Driveaway with

More information

Whiplash: A political rather than a medical diagnosis?

Whiplash: A political rather than a medical diagnosis? Whiplash: a political rather than a medical diagnosis?,, Temple The Government believes that there is a major problem with false whiplash claims and over the last two years has consulted upon and introduced

More information

UK Insurance Key Facts. September 2010

UK Insurance Key Facts. September 2010 UK Insurance Key Facts September 2010 The UK insurance industry is the third largest in the world and the largest in Europe. It is a vital part of the UK economy, managing investments amounting to 24%

More information

LINES SECTOR MARKET INSURANCE AND LONDON COMMERCIAL THE ABI WORKING FOR YOU. @BritishInsurers abi.org.uk Follow us on Twitter @BritishInsurers

LINES SECTOR MARKET INSURANCE AND LONDON COMMERCIAL THE ABI WORKING FOR YOU. @BritishInsurers abi.org.uk Follow us on Twitter @BritishInsurers ABI WORKING FOR YOU COMMERCIAL LINES AND LONDON MARKET INSURANCE SECTOR THE ABI WORKING FOR YOU 3 @BritishInsurers abi.org.uk Follow us on Twitter @BritishInsurers The ABI Working for you We know how important

More information

Legal Services Board Referral fees, referral arrangements and fee sharing

Legal Services Board Referral fees, referral arrangements and fee sharing Legal Services Board Summary Note Aviva has restricted its responses to Personal Injury. Aviva accepts there may be similarities in Conveyancing agreements but has no experience of these and so cannot

More information

Lloyd s response to DEFRA consultation: Securing the future availability and affordability of home insurance in areas of flood risk

Lloyd s response to DEFRA consultation: Securing the future availability and affordability of home insurance in areas of flood risk Lloyd s response to DEFRA consultation: Securing the future availability and affordability of home insurance in areas of flood risk Q1. Do you have any evidence of small businesses experiencing difficulty

More information

Self-build Insurance. Proposal Form

Self-build Insurance. Proposal Form Introduction DMS SELF-BUILD The Self-build Specialists The Brit Insurance Limited Self-build insurance policy is tailor-made to meet the needs of those building a brand new detached house or bungalow which

More information

Claims Management Regulation. Who Needs to be Authorised Guidance Note

Claims Management Regulation. Who Needs to be Authorised Guidance Note Claims Management Regulation Who Needs to be Authorised Guidance te Revised September 2013 Contents Introduction 1 Summary 1 1. Sectors 2 2. Services 3 3. Location of business 3 4. Corporate structure

More information

Flood Re Pricing Home Insurance in a Flood Re environment. Tom Woolgrove Flood Re David Rochester Lloyds Banking Group

Flood Re Pricing Home Insurance in a Flood Re environment. Tom Woolgrove Flood Re David Rochester Lloyds Banking Group Flood Re Pricing Home Insurance in a Flood Re environment Tom Woolgrove Flood Re David Rochester Lloyds Banking Group Flood Re What is the proposal? Tom Woolgrove Interim CEO, Flood Re Flood Risk: What

More information

2 Where can I find information about how the rehabilitation rules work? 3 What am I required to tell a new employer about my old convictions?

2 Where can I find information about how the rehabilitation rules work? 3 What am I required to tell a new employer about my old convictions? 1 Does this change mean that I can ask for an old basic disclosure which shows convictions that would now be spent to be amended? No, any certificate issued is accurate at the time it was printed. Certificates

More information

Private Motor Insurance

Private Motor Insurance Private Motor Insurance Summary of responses to the OFT s call for evidence December 2011 OFT1397 Crown copyright 2011 You may reuse this information (not including logos) free of charge in any format

More information

Motor Insurers Bureau Making a claim

Motor Insurers Bureau Making a claim Motor Insurers Bureau Making a claim A brief guide This booklet This booklet gives important information about the Motor Insurers Bureau (MIB) and making a claim. Please read it carefully before you fill

More information

Motor Fleet. Policy Summary. coveainsurance.co.uk. Registration and Regulatory Information

Motor Fleet. Policy Summary. coveainsurance.co.uk. Registration and Regulatory Information Motor Fleet Policy Summary Motor Fleet insurance is for companies, sole traders or partnerships operating a fleet of 3 to 25 vehicles comprising of cars and commercial vehicles used for the business of

More information

Kentucky Consumer Guide

Kentucky Consumer Guide Kentucky Consumer Guide To Buying Car Insurance Attorney-At-Law 859.254.7076 859.281.6541 FAX Page 2 Phone: (859)254-7076 Copyright 2012 by All rights reserved. No part of this report may be reproduced,

More information