Auto insurance industry in the UK could bring comparison sites to an end

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This could cause a considerable shakeup, all stemming from a report published by a watchdog. The types of exclusive auto insurance deals that have been established between insurers in the United Kingdom and price comparison websites could soon be eliminated following the ruling of a competition regulator within that country that decided that these deals were not helping drivers and should, therefore, be prohibited. The decision of the regulator was one among several measures recommended made by a watchdog report. The Competition and Markets Authority produced an auto insurance report,…

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Auto insurance prices in U.K. continue to drop

Auto Insurance Savings

According to the A.B.I., the average amount paid to cover a vehicle is still on its way downward. The cost associated with purchasing and owning auto insurance in the United Kingdom has dropped another 9 percent over the last year as a growing number of consumers are using the resources available to them over the internet to be able to comparison shop and find better rates. This, according to a survey which also credits fewer claims into the dropping premiums. The data was provided by the Association of British Insurers…

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Nationwide joins comparethemarket.com to offer auto insurance to the UK

Comparethemarket.com, one of the largest price comparison sites serving the insurance industry in the UK, has announced that Nationwide Insurance has joined its panel of insurers. The company, which boasts of being one of the largest property insurers in the U.S., also has an expansive line of auto insurance products. These products will be submitted to the comparethemarket.com website where they will be subject to comparisons of policies offered by other companies. Jeremy Moll, commercial director for comparethemarket.com, hopes that consumers will have a broader understanding of the differences in…

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Auto insurance survey shows 9 out of 10 drivers UK exceed the speed limit

Autocar, a car insurance provider in the United Kingdom, has released the findings of a recent survey that showed that an enormous 90 percent of drivers in the country admit to exceeding the speed limit on freeways while driving. Only a small fraction of the survey participants – 3.5 percent – claimed that they had never before broken the 70 mile per hour speed limit on the country’s freeways. Equally, 94.6 percent said that at some time, they were aware that they had gone over the speed limit when they’d…

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India’s Finance Ministry requests public sector general insurance companies to reduce expense ratio

The Finance Ministry in India has requested that the public sector insurance companies drop their expense ratio and reduce their management expenses in order to achieve better profits. The ministry has examined the performance of the four PSU insurers and, according to official sources, the motor and health insurance areas are those that continue to present a concern. The goal is to make the expense ratio more competitive. Moreover, these companies have already been told that it will be important to reduce their management expenses. The four PSU insurance companies…

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