August is usually a quiet month for insurance news. Not so this year. Allianz and LV have announced a joint venture which will see a merger of their personal lines efforts and create the third largest insurer in the UK.
Admiral has grown its share of the home insurance market faster than any other provider, the latest figures from Consumer Intelligence reveal.
As revealed in Consumer Intelligence’s quarterly Home Insurance Price Index, buildings and contents cover has risen below the rate of inflation over the last 12 months. This is even despite additional rises in Insurance Premium Tax.
It’s been a difficult couple of weeks for personal lines brokers.
I attended the I Love Claims Home Insurance Conference this week. And as someone who spent 7 years working for a home insurance brand, it was an interesting experience to hear such involved industry discussions between different parts of the supply chain from a wide range of experts.
Unlike motor, the home insurance market has traditionally been dominated by intermediaries, but this sleepy backwater of the industry has seen radical change in the last 12 months.
Home insurance premiums have risen by 3.5% in the last 12 months, the latest Consumer Intelligence Home Insurance Price Index shows.
The ever-rising premiums for motorists stand in sharp contrast with what’s happening in the home insurance market.
Hastings has grown its share of the home insurance market at a faster pace than any other provider, the latest figures from Consumer Intelligence reveal.