Sabre Insurance: Motor insurer posts record premium income on the back of price hikes Insurance Sabre Insurance has posted a record premium income after the motor insurer reaped the benefits of price hikes while offsetting the impact of claims inflation.
Industry crackdown as insurance scams surge insurance The UK insurance industry identified £1.1bn worth of fraudulent claims last year, highlighting the importance of focusing on tackling bogus insurance claims.
The Global Ecosystem of Insurance Sponsored “Insurance is a three hundred, four hundred, year old industry,” Richard Wheeler, Aon’s co-leader of Global Re Specialty reflects. “But the opportunities ahead still significantly outweigh the journey that the market has been on. Because everything requires insurance.” Wheeler would know. In his role he ranges across global challenges, in the world’s richest and poorest [...]
Record numbers working in the City’s insurance market May 19, 2024 Job numbers in the City's insurance market are at their highest level for at least a decade, according to data from an industry body.
It showed insurance is a tangible thing July 20, 2023 It can lead you astray,” says Rupert Moore with a chuckle as we discuss Japan’s variety of fried food options. It’s a country he knows well – Moore, now UK CEO of Reinsurance Solutions for global professional services giant Aon, worked out there for the firm for 10 years. And it’s to Japan he goes [...]
London insurance sector braces for Atlantic hurricane season August 21, 2024 As the Atlantic hurricane season reaches its peak, the London insurance market is preparing for the fallout.
Minister urges insurers to ‘swiftly resolve’ riot claims August 12, 2024 Insurers have been urged to “swiftly resolve” claims from businesses which suffered damage during the recent rioting.
Moneysupermarket profit surges as insurance boom pays off July 22, 2024 Moneysupermarket's parent company saw operating profit surge eight per cent to £73m over the last six months, as the insurance boom pays off for the price comparison website.
National insurance cut by 2 per cent January 6, 2024 The main rate of national insurance was today cut by two percentage points, from 12 per cent to 10 per cent. The move, announced in last year’s autumn statement, was hailed by the Conservatives but Labour called it a “raw deal” and economists said many households are still facing the burden of high taxes. Chancellor [...]
What do Aviva’s results mean for the insurer’s share price? March 9, 2023 British insurance giant Aviva today set out plans to buy back £300m worth of its own shares from investors, after posting what analysts and the firm itself described as “strong” results for 2022. Aviva’s announcement saw its share price jump by almost four per cent in trading this morning, before settling at a rate almost [...]