July 16, 2009

Lead story in Insurance Times this week was the scoop that AA/Saga are planning to announce the launch of an in-house credit hire operation within the next seven days.

The insurance firm reckons that taking credit hire in-house will save millions of pounds. On which basis, Times infers not unreasonably, other insurance organisations could well follow suit.

Times’ sources suggest that AA/Saga will be putting their current credit hire provider on notice and setting up their own operation, Claims Fast, under technical claims manager Chris Nelson, sourcing vehicles primarily from Enterprise, with Helphire supplying any shortfall.

The firm is believed to have made the necessary application to the ABI technical committee following a legal case involving RSA last year which appeared to set a precedent for insurers moving credit hire in-house.

The market will, no doubt, be watching with interest.



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