News

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.

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News

Election 2015: ABI reminds parties of industry priorities

30 April 2015 alastair walker 0

Ahead of the General Election on Thursday 7th May, the Association of British Insurers reminded policymakers of its priorities for the next parliamentary session. Regardless of the outcome next week, the ABI remains focused on ten […]

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Legal

Asbestos lung cancer victims who smoked may see claim values reduce

8 January 2015 alastair walker 0

“The case is of interest to insurers, as the 30% contributory negligence deduction is a higher deduction than those made in Badger (20%), Shortell (15%) and Horsley (20%). Bearing in mind the relatively high value of many such claims, the savings can be significant. […]

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Insurance claims

ABI key facts 2014 reveals £452m paid every day in claims

25 September 2014 alastair walker 0

Revealing a range of data on claims payments and funds under management, the ABI’s latest key facts are led by the figure of £452 million which it says is paid every day to customers in the UK. […]

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Insurance Regulation

Insurers liable for millions in VAT on internal services

17 September 2014 alastair walker 1

Banks, insurers and other financial services firms across Europe face extra VAT costs running into £100 millions in the UK alone, following an ECJ judgment today. The ruling means services supplied between a group’s headquarters […]

Insurance claims

Insurance lawyers warn of discount rate impact in public purse

28 August 2014 alastair walker 0

Insurance lawyers today welcomed news that the Government will address the issue of variations in the Discount Rate, but warned against any alteration which could hit the public purse. David Johnson, the President of the Forum of […]

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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. […]