News

Hurricane Dorian Could Cost the Reinsurance Sector Billions

The costs of Hurricane Dorian could be $25 billion according to UBS, and the storm still hasn’t made landfall on the US mainland. Dorian, which is the second-strongest Atlantic storm on record, (see graphic above […]

News

Insurance Fraud Up 3% Says ABI,with 1300 Scams Attempted Each Day

The lengths insurance cheats will go to try to con their insurer are laid bare today (28 August) as the ABI publishes its annual detected fraud figures. The total number of fraudulent claims and applications […]

News

Average Van Insurance is £1171pa – Set to Rise After Ogden Rate Changes

Van insurance premiums have risen 8.3% over the last 12 months, but van drivers across the UK may see further increases in the coming months as a result of this month’s government reset of the […]

InsureTech

Over $1.2 Billion Invested in Insurtech Sector in Q2 2019, Says Willis Towers

InsurTech investment worldwide continued at high levels during the second quarter of 2019, marking the fourth consecutive quarter during which total new funding commitments exceeded $1.2 billion, according to the new Quarterly InsurTech Briefing from Willis Towers […]

Insurance Brokers

Broker Survey Finds More Credit Use is Likely This Year

New research reveals the insurance intermediary market expects clients to make greater use of credit this year when it comes to buying their cover. The findings are from Premium Credit, the UK’s leading premium finance […]

News

Unemployment/Sickness Cover: ABI Launches Income Gap Calculator

The Association of British Insurers (ABI) has launched a beta version of an online calculator, which works out consumers’ likely financial entitlements if they are unable to work due to illness or injury. ‘Percy The […]

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 […]