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News Tag: AXA

September 20, 2012

Doctors call for action on bogus whiplash claims

by Jan Harris
Doctors call for action on bogus whiplash claims
Around nine out of ten doctors want the government to clamp down on bogus whiplash claims made by motorists, according to research by insurance group AXA. Seven per cent of the doctors polled by AXA had been offered money to refer patients with whiplash injuries. Twenty-two per cent of the doctors said the number of patients claiming to have whiplash injuries had ...




August 4, 2010

Road rage to blame for one in three fatal accidents

by David Masters
Over a third of fatal accidents on Britain's roads are caused by road rage, according to new research. The study by AXA insurance found 800 lives are lost every year through road accidents caused by angry drivers. More than one in three (35%) serious road accidents involve at least one angry driver. AXA estimates the monetary cost of road rage at £945 million per year, or £35 per insurance policy. "We are very concerned ...




April 1, 2010

AXA praises Britain’s young drivers

by David Masters
AXA praises Britain's young drivers
Young drivers in the UK are less likely to make an insurance claim than their European counterparts, according to a new study. Research by AXA found that British motorists aged under 25 are 30% less likely to make a claim than young drivers in Spain or France, and 25% less likely than those in Germany. Young British drivers are also less likely to exceed ...




February 3, 2010

Clydesdale Bank launches 4.5% one-year bond

by David Masters
Clydesdale Bank launches 4.5% one-year bond
Clydesdale Bank has launched a new one-year fixed-rate bond paying interest at 4.5%. The bond is exclusively available to customers also taking out an AXA investment product with the bank. Savers must invest at least £2,000 in the bond, and the equivalent in an AXA investment product. No withdrawals can be made from the bond. Customers who withdraw money from the bond are ...




November 24, 2009

Do pensions need renaming to avert crisis?

by David Masters
Do pensions need renaming to avert crisis?
Young people are put off starting a pension because they associate the word with old age, research by AXA has discovered. One in five 18-24 year olds said they haven't yet started a pension because they don't like the word. The wider population also expressed a dislike to the word pension, with around a fifth associating it with the word 'grey', and ...




August 18, 2009

IFAs warn of impending pensions crisis

by David Masters
IFAs warn of impending pensions crisis
Four in five independent financial advisers (IFAs) believe people are not saving enough towards their retirement, a new poll has discovered. Research by AXA Winterthur found 79% of IFAs believe people are not saving enough for retirement. Meanwhile, 21% said their clients do not fully understand the risks and possible rewards of investment. Responding to the research, AXA called for a "savings culture" to ...




August 11, 2009

AXA announces job cuts despite rising profit

by David Masters
”AXA
Insurance giant Axa has announced plans to cut 350 jobs despite a 2% rise in its UK profits. The insurer said the jobs are being axed to streamline costs and ensure it emerges "fitter and stronger" from the recession. Redundancies will be made at Axa Insurance UK's life business unit, which has offices across the UK including in Coventry, Basingstoke, and on ...




June 8, 2009

AXA secures Ryanair partnership

by David Masters
AXA secures Ryanair partnership
AXA Travel Insurance is to offer travel insurance to passengers of low-cost airline Ryanair following an agreement between the two companies. Under the terms of the deal, starting September 2010, AXA will offer Ryanair's 67 million passengers single-trip, multi-trip and annual travel insurance policies on ryanair.com. Michael Cawley of Ryanair said the partnership with AXA will provide passengers with a “competitively priced, tailor-made travel insurance ...




April 8, 2009

Easter DIY disasters cause spike in insurance claims

by David Masters
Easter DIY disasters cause spike in insurance claims
DIY disasters will cause a spike in home insurance claims over the Easter weekend, AXA warned yesterday. The home insurance provider said DIY accidents will peak on Saturday morning, with spilled paint as the prime suspect. Paint spillages in past years have accounted for 40% of Easter accidents. Other Easter mishaps include accidental holes in walls and ceilings (28%), broken furniture (23%), ...




July 18, 2008

Middle Britian hardest hit by house price falls

by Gill Montia
Middle Britian hardest hit by house price falls
Insurance company, AXA, is predicting that Middle Britain will be hardest hit by the downturn in the housing market, in terms of property values. Middle Britain is not necessarily Middle Class and according to AXA's Financial Task Force only 20% of all UK households fall into the category. The insurer recently defined the term as families that earn an average of ...