Motor Insurance news

This policy will cover the Third party losses like death, disability and property damage.

However, in reality, it is not as simple how it looks like.

"The study also found that children aged between two and eight are most likely to have been driven unrestrained.Parents of children aged five are more likely than any other group to have not belted their children in with 22% of parents, who admit to doing this, with children of this age.While, 13% of parent drivers admit to driving other peoples children without the proper seats or restraints in place.

'IPT is a government-introduced tax on insurance policies, which was introduced in 1994.It was introduced as it decided the insurance industry wasn't paying enough tax unlike other businesses, insurance isn't subject to VAT.The amount of tax you pay on most types of insurance is now set at 12 per cent things like car, pet and home cover all fall under this bracket.There's also a higher rate of tax, at 20 per cent, which covers things like travel insurance and certain specialist types of motor ...

"The study also found that children aged between two and eight are most likely to have been driven unrestrained.Parents of children aged five are more likely than any other group to have not belted their children in with 22% of parents, who admit to doing this, with children of this age.While, 13% of parent drivers admit to driving other peoples children without the proper seats or restraints in place.

In today's world where the construction and telecommunication industries are growing rapidly, automotive technology is not left behind.

Cornerstone Insurance Plc,said it has started reaping the gains of a number of steps it took to reverse its loss performance in 2017 business year especially the institution of rigorous cost control measures and branch optimisation exercise targeted at improving the efficiency and profitability of its operations.The company said evidence of this is shown on the impressive performance in its unaudited account for half year 2018.Cornerstone Insurance chairman Segun Adebanji, who disclosed this whi ...

Besides, third-party insurance, the policy provides for vehicle damage as a result of different calamities, accident, theft, fire etc.

Irish CEOs expect disruption from emerging technologies, changes to industry regulation, Brexit and changes in consumer behaviour due to GDPR.The Central Bank has published a guidance note on completing an application for authorisation as a retail intermediary (Guidance), which replaces the existing guidance.The Guidance sets out the principal areas that are assessed by the Central Bank in considering an application for authorisation as a retail intermediary.

'IPT is a government-introduced tax on insurance policies, which was introduced in 1994.It was introduced as it decided the insurance industry wasn't paying enough tax unlike other businesses, insurance isn't subject to VAT.The amount of tax you pay on most types of insurance is now set at 12 per cent things like car, pet and home cover all fall under this bracket.There's also a higher rate of tax, at 20 per cent, which covers things like travel insurance and certain specialist types of motor ...

Many times dealers either lure or arm-twist buyers into taking insurance from them by offering discounts on items."The same policy that you buy from a dealer could be 30 to 40 per cent cheaper elsewhere," says Chowdary.If you buy a bundled product with one-year own damage and three-year third-party liability, you will have the option to change the insurance company later.Though there are no standalone (policy without third-party) own damage products at present, most insurance experts feel that t ...

Personally, I would have more confidence in disruptive change being wrought on the dysfunctional insurance market by the activities of the EU Anti-Trust Directorate.On July 4 last year, their investigation involved dawn raids on insurers and brokers where documents were seized to explore a much wider remit than price signalling.It seems the reason the EU Commission are taking an interest is because we are supposed to have a European single market for financial services, and freedom of movement i ...

Last year, Irdai had set up a 10-member steering committee to help implement the new risk-based capital regime by March 2021.

This initiative will have the twin benefits of fast turnaround times in claims settlement and making life easy for the customer, saidMr K B Vijay Srinivas, CMD (Joint in Charge) at United India Insurance.The feature also provides with real-time updates to customers on the progress of their claims, which can be tracked through my account section on the Policybazaar.com website or App.To further strengthen the process, the company is also running a pilot on Artifical Intelligence (AI) being used t ...

Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Although this threat is of a long-term nature, it is important that the groups future dependency on motor insurance is reduced, it said.In addition to optimising its existing portfolio, RMI plans to diversify and modernise its investment portfolio through opportunities across a wide spectrum of scale and lifecycles of financial services businesses, the group said.

The position paper can be found here.In the parallel position paper relating to disclosures for sustainable investments and sustainability risks, which can be found here, Insurance Europe welcomes the increased availability of information on sustainability under the proposal but identifies a number of changes required including the clarification of concepts such as "impact" and "sustainability risks".EIOPA published the third paper in a series on strategies to mitigate systemic risk through macr ...

This also contributes to lower premium inflation; - Cyclical movements, regulatory reform and the impact of Brexit on the environment in which Hastings operates; - MMI being in the process of repositioning its business, with a focus on getting the fundamentals in place for longer-term growth; and - Investments into new initiatives like Discovery Bank are expected to result in significant additional expenses for Discovery in the following financial year.

Know who your core circle are Research released by the Office of National Statistics in April 2018 showed that younger people (age 16-24) were more likely to report feeling lonely than any other age group, being the least likely of all age groups to report never experiencing the emotion.

The convict said: My Lord, please I am at your mercy.

Next page
Or use your account on Blog

Error message here!

Hide Error message here!

Forgot your password?

Or register your new account on Blog

Error message here!

Error message here!

Hide Error message here!

Lost your password? Please enter your email address. You will receive a link to create a new password.

Error message here!

Back to log-in

Close