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Latest news on insurtech, insurance, reinsurance, uk industry insights and opinions, latest Lloyd’s and London market reports, stats and more for brokers, MGAs, insurers and suppliers.

No Picture
Global insurance trends

Economic loss numbers drop almost 50% in H1 2014

23 July 2014 alastair walker 0

Around 39% of global economic losses sustained during the first half of 2014 were covered by either private or government-sponsored insurance programs, slightly above the 10-year (2004-2013) average of 30%, highlighting that a greater proportion of disaster losses occurred in regions with higher insurance penetration. […]

Insurance Brokers

BIBA calls time on rising regulatory fees

14 January 2014 alastair walker 0

The British Insurance Brokers’ Association (BIBA) warned MPs and Lords today that its members’ cost of doing business had risen far beyond rival countries and must be brought under control. BIBA unveiled initial findings of its regulation research today, declaring that insurance brokers in the UK have the most expensive regulatory regime in the world, with regulatory fees and levies costing more than five times those in New York, Japan, France and Germany. […]