Best for car insurance

Mark Wilson, the former Aviva chief executive, is staging a return to the British insurance sector by spearheading a new venture to target a share of the £16bn motor insurance market. Sky News has learnt that Mr Wilson has teamed up with Sun Capital Partners, a London-based private equity firm, to launch Abacai Holdings, an insurance technology - insurtech - company. The business will be created by merging Abacai with Complete Cover Group (CCG), an insurance distribution and underwriting business owned by Sun Capital. Insiders said that Abacai intended to invest £50m in creating a new artificial intelligence platform, underlining the growing use of data and AI across an industry which has traditionally been slow to embrace cutting-edge technology. Sources said the details of Abacai's plans would be contained in an announcement which is scheduled to be made on Thursday morning. Advertisement It will represent a high-profile return to the UK insurance … [Read more...] about Ex-Aviva CEO Wilson returns to fray with insurance venture Abacai

The City regulator has announced plans to curb charging practices for automatic home and car insurance renewals, to help restore "fair value and trust" in the market. The Financial Conduct Authority (FCA) said its proposals would ensure that customers would pay no more on renewals than if they were a new customer to their provider. It was the headline measure as the watchdog moved to tackle findings in 2018 that six million consumers' failure to switch providers meant they were paying a £1.2bn "loyalty penalty". The FCA hoped its proposed shake-up, which is now subject to consultation, would save households £3.7bn over 10 years. It explained that its planned renewal restriction would only apply through the same sales channel. Advertisement For example, if the customer bought the policy online, they would be charged the same price as a new customer buying online. Firms would be free to set new-business prices, but they would be prevented from … [Read more...] about Insurance renewals face curbs to reverse £1.2bn ‘loyalty penalty’

Brits won't own their dream car until they are 47 but it must be a black sports car - preferably an Audi or Aston Martin, according to research. A study of 2,000 drivers found many know what they want, but most will have to wait before making the dream a reality, owning more practical or affordable alternatives in the meantime. In their twenties, Brits are most likely to own a supermini or saloon car, while a hatchback or an estate are popular choices for those in their thirties. On reaching the big 4-0 Brits are more likely to opt for an SUV or people carrier. But no matter what the car, people insist on the 'basic' luxuries like heated seats (43 per cent) and built in satnav (44 per cent). Do you enjoy reading about politics? Sign up for all the best politics news from the Mirror Other desirable components of the ideal car include anti-theft technology (37 per cent), and self-parking (29 per cent). Neil You, general manager at YesAuto UK, which commissioned the … [Read more...] about Cars you will own at each decade of your life as study shows Brits’ dream motors

Music stars Mariah Carey and Janet Jackson have sent well wishes to golf professional Tiger Woods after he was involved in a horror crash leaving him with life-changing injuries. The sporting legend was hospitalised following the car crash , which required him to be cut out of his overturned vehicle with an axe in California on Tuesday. Authorities said that Tiger swerved into an oncoming lane then struck a curb and a tree as it careened off the road and down an embankment. Athlete Tiger, 45, has had a metal rod inserted into his shattered right leg and screws and pins put in his ankle as a result of the injuries he was left with. And on Wednesday hitmaker Mariah and songstress Janet took to social media to share that they are hoping that the golfer recovers from the horrible car smash - in which rescue teams had to pry the star from the wreckage of his SUV. Taking to Twitter , We Belong Together singer Mariah penned: "Sending love and prayers to @TigerWoods and his … [Read more...] about Mariah Carey and Janet Jackson send love and prayers to Tiger Woods after horror crash

With Prime Minister Boris Johnson finally declaring the end of lockdown is firmly in our sights, many of us are desperate to book that long-awaited getaway. But just where and what can we do? Here are some of your holiday questions answered. When can we holiday at home? Domestic holidays will be allowed from April 12 - after Easter - although hotels and B&B’s will not open until at least May 17. When can we travel abroad? Foreign travel may also be given the go-ahead from May 17, although a review into restarting travel concludes on April 12. Depending on its findings, dates could change. Where can we go? Currently there are 33 countries on the high-risk list. Anyone travelling from these countries to the UK will need to quarantine in a government-approved hotel for ten days at a cost of £1,750. You will also need to take two coronavirus tests. It isn’t known how long this scheme will run for. Do you enjoy reading about politics? Sign up for all the … [Read more...] about Essential holiday questions answered – what you can and can’t book in UK and abroad