Motor insurance premiums can often feel like a financial burden, but there are several factors driving these costs up: Accident Frequency and Severity: The frequency and severity of accidents play a significant role in determining insurance premiums. With more vehicles on the road and distracted driving incidents increasing, insurers face higher payout obligations, which are […]
It’s been a challenging few years for the motor insurance industry, affecting both insurers and brokers. The knock-on impact has affected policyholders through higher premiums. Years of insufficient funding have resulted in significant rate increases, market exits and shifts in appetites. Industry consultants, EY predict another year of unprofitable underwriting across the industry in 2024. […]
In recent months, there has been a significant rise in prices across the entire motor insurance industry, leading to some difficult conversations. Many customers are wondering why their premiums have risen, despite never having made a claim. At present, there is upward pressure on prices across all levels of motor insurance, and unfortunately, taxis are […]
We believe that offering an outstanding service to our clients starts with our team, who’ll we’ll be introducing you over the next few months. Find out more about our Department Manager below: Name: Craig Parker. Company Role: Department Manager. Your top 3 favourite books? Anything by Simon Kernick, Scott Mariani’s Ben Hope series and Stephen Leather’s […]
Last week at Jenkinson’s Taxi Insurance, we were delighted to form a partnership with a long-established taxi firm family business, Cwmni Dyma Fo Ltd in Wales. Gwyneth Baines, the owner, has a long history of specialising in school transport, providing transport to schools all around the region. We are delighted to provide them with our […]