In February Liz Truss rejected a review that would have pressed ahead with an update to the so-called discount rate.
Ms Truss has now announced that she will review the rules, saying that they are “not fit…
That decision meant that taxpayers faced a £6 billion bill in the next five years in payout costs by the NHS and other public bodies.
She insisted that she had no choice but to increase compensation to reflect falling gilt yields, used to calculate the interest on payouts in the most serious cases, under the formula last fixed in 2001.
Liz Truss, the lord chancellor and secretary of state for justice, has changed her mind about compensation calculations Hannah McKay/Reuters A review into personal injury payouts has been started after criticism of the lord chancellor’s reforms last month, which added up to £300 to some motor insurance premiums.
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Partnership to offer Renault connected car insurance
Scope’s technology facilitates the process of driver data analysis from ZOE’s on board computer and enables Amaline and Renault to offer an in-built connected car system.
First published on www.ITSInternational.comTelematics provider Scope Technologies and French insurer Amaline Assurances, the direct insurance division of Groupama, are to collaborate to provide Renault ’s electric car, ZOE, with an in-built Usage Based Insurance (UBI) solution for the French market.
Scope Technologies’ adaptable software and data analytics will provide Renault’s R-Link multimedia system with comprehensive UBI technology to equip ZOE’s computer and app systems with a tailored UBI product.
It will allow customers to access discounts on their insurance premiums of up to 36 per cent, based on analysis of their driving behaviour directly from technology in their ZOE vehicle.
as declared in European insurer Groupama, international telematics provider Scope Technologies, and automaker Renault, have joined forces to offer connected car insurance.
According to a European study by Deloitte, the connected car insurance market will represent more than €2.2 billion of premiums in France by 2020.
“This alliance brings Amaline customers cheaper, more transparent car insurance and provides French drivers with the first ever integrated UBI system,” said Cyril Zeller, vice president at Scope Technologies.
In what could be a sign of things to come for Europe as a whole, Groupama’s direct insurance division, Amalaine Assurances, is collaborating with the two firms to bring the first ever in-built usage-based insurance (UBI) solution to the French market.
Scope Technologies’ software and data analytics will provide the UBI technology to Renault’s R-Link multimedia system.
collected by :Olivia Mathio