Global insurance trends

Global Trends: Tower Launches Parametric Cover in Fiji

New product aims to offer cover to people in Fiji; Tower has announced the launch of a new parametric insurance product, Rainfall Response Cover, set to provide greater peace of mind and financial security for […]

Insurance Regulation

Flood Risk: Defra Wants New Thinking on SUDS Rules

Defra has set out new regs on housebuilding which will require developers to make fewer connections to mains sewers and drainage systems. In theory this should lead to reducing the localised flood risk during times […]

Global insurance trends

Munich Re Looks Back at 2021’s Worst Weather Events

Latest 2021 stats on weather related losses around the world are in focus with Munich Re; In 2021, natural disasters caused overall losses of US$ 280bn, of which roughly US$ 120bn were insured Alongside 2005 […]

Insurance & Reinsurance

BIBA Calls for Ring-Fencing on IPT to Fund Flood Defences

Insurance Premium Tax (IPT) is a penalty for doing the responsible thing, let’s be blunt about it. Those who dodge car insurance often end up with a fine that is one quarter of the cost […]

Flood Insurance

Heatwave Ends – Be Prepared for Flash Floods, Says Insurer

With heavy rain expected to hit the country this week, specialist insurer, Ecclesiastical is people to prepare for flash flooding. The prolonged heatwave that the UK has experienced is set to come to an end […]