MyLicence is an insurance industry initiative which will give brokers, insurers and other providers, the ability to make driver licence checks with the DVLA. This will mean that information on the type of licence held, the number and type of motoring convictions can now be validated automatically and should help to prevent fraud, saving honest motorists around £15 per policy.
The biggest change that brokers will need to make is to start collecting driver licence numbers when quoting. Undergoing a licence check with MyLicence is not compulsory for policyholders, however some insurers may choose not to offer cover if a driving licence number is not supplied as they may suspect fraud.
The RAC have complied their 29th report on motoring discussing the issues on motorists minds such as the rising cost of motoring and uninsured drivers. There is also topics regarding the reformed tax system and dangers on our roads such as mobile pho...
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Internet giants Amazon seem to be recruiting insurance professionals in an attempt to enter the insurance market throughout Europe. Amazon has apparently targeted the British, German, Spanish, French and Italian insurance markets. Capitalizing on its...
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