As we near the end of a year that has been like no other, it's a time for not just relaxation, but reflection too. That's why, as we prepare to say goodbye to 2020, we've been taking a look back at our most popular blogs of the year. We'd like to take the opportunity to share them with you.
The FCA’s proposals to ban price walking look set to usher in the most radical shake up of the home and car insurance market to date.
The industry has attempted to wean itself off in recent years by narrowing the gap between new business prices and the prices charged at renewal (known as price walking), but it clearly wasn’t enough.
We look at the affect coronavirus is having across the motor insurance focusing on renewals, motor trade, telematics, new business and financial stress.
Amidst the current public health crisis and global pandemic, premiums continue to accelerate in the motor insurance market, with prices rising 2.8% in the last 3 months, totalling a 5.5% increase in the last year, according to the latest figures from data insight specialist, Consumer Intelligence.
Admiral’s move to automatically give motor customers back £25 during lockdown has been handsomely rewarded by a surge in brand loyalty and renewals.
From all of us here at Consumer Intelligence, we would like to wish you a very Merry Christmas and a Happy New Year.
This year our office will close on Christmas Eve and normal service will resume on Monday 4th January.
Thank you for your continued support and we will be back in touch in the new year.
A message from our CEO
As we approach the festive season, our CEO, Ian Hughes, has recorded a short message for you.
Hit the play button below to hear it!
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