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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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. […]

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Life/Health/Critical illness

Insurance execs encouraged by long-term prospects

7 May 2014 alastair walker 0

Insurers and brokers have painted an optimistic picture for the sector, with a majority predicting strong growth over the next five years and a surge in the prospects of life/critical illness and health insurance lines. […]

Global insurance trends

2013 global insured catastrophe losses fall by $36bn

26 March 2014 alastair walker 0

According to the latest sigma study, global insured losses from natural catastrophes and man-made disasters were $45 billion in 2013, down from $81 billion in 2012. Of the 2013 insured losses, $37 billion were generated by natural catastrophes, with hail in Europe and floods in many regions being the main drivers. […]

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Insurance claims

Property investors encouraged by new DEFRA Flood Re promise

18 March 2014 alastair walker 0

The British Property Federation (BPF) has welcomed a change to Flood Re scheme which will see leasehold properties in blocks of three or fewer flats included, but has warned that this still does not offer security to a high number of homeowners […]

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Global insurance trends

US only region with higher renewal rates

5 February 2014 alastair walker 0

Global insurance rates trended downward at the end of 2013, driven by average pricing declines in all regions except the US, according to Marsh’s latest Global Insurance Market Quarterly Briefing. Overall rates tracked by the Marsh […]