News

BIBA Memo to Chancellor: Freeze IPT, Exempt Telematics & More

The British Insurance Brokers’ Association (BIBA) had highlighted four areas relating to Insurance Premium Tax (IPT) which the Government and the new Chancellor should heed. The rate of IPT on most insurance policies sits at […]

UK Insurance Trends

ABI Calls for IPT Cut in Budget – Stop Punishing Those Who Take Responsibility

The ABI is urging the Government to cut the rate of Insurance Premium Tax (IPT) in the forthcoming March Budget. The ABI made the same call last year but the government failed to listen, so […]

Insurance Regulation

Budget 2018: ABI, RAC and BIBA Reaction to IPT Freeze

For the insurance industry the Budget was something of a non-event, with no change announced in Insurance Premium Tax. On the upside, there was no rise, but on the downside this remains an undeniable punishment […]

News

Budget 2018: ABI Urges Freeze on £6bn Insurance Premium Tax

The Government is being urged to freeze Insurance Premium Tax (IPT) at the forthcoming Budget, after HMRC figures revealed that taxpayers are now paying record amounts of the tax. Official tax receipts for August show IPT […]

News

Budget 2018: Ecclesiastical Calls for Charity Exemption on IPT

Ahead of the Budget, specialist insurer Ecclesiastical has joined forces with Charity Finance Group (CFG) to urge the Chancellor to make charities exempt from paying Insurance Premium Tax (IPT). Ecclesiastical – insurer of more than 45,000 […]

Motor Insurance

RAC Say Pothole Breakdowns at Highest Level Since 2006

The proportion of RAC breakdowns caused by potholes in the first quarter of 2018 was the third highest recorded since 2006 when tracking of such faults started. An analysis of RAC breakdown data has revealed […]

InsureTech

Insurtech News: Inzura Raises $1m Start-Up Capital

Inzura, the UK-headquartered insurtech firm, has announced the completion of its first major funding round. The start-up raised a $1M investment which will enable it to build on its rapid international success with ambitious growth […]