UK drivers priced out of owning Chinese electric cars due to ‘sky high’ insurance costs March 20, 2024 The UK insurance industry is facing “real challenges” in covering Chinese electric vehicles, as sales of the models surge in the West.
Lloyd’s of London and Bermuda Monetary Authority partner to strengthen ties between global insurance hubs March 14, 2024 Lloyd’s has joined forces with the Bermuda Monetary Authority (BMA) to jointly develop an initiative for closer collaboration and alignment on sharing risk expertise between the two global insurance hubs.
Spring Budget 2024: Hunt cuts National Insurance by 2p – What does it mean for you? March 6, 2024 The move follows a reduction of the same amount in the Autumn Statement, meaning the basic rate will move down to eight per cent starting from April.
Spring Budget 2024: Forget a National Insurance cut – a fix on fiscal drag would trap Labour March 5, 2024 Spring Budget 2024: Jeremy Hunt is expected to deliver a national insurance cut - but fiscal drag is more of an issue
Hiscox benefits from marketing blitz as insurer posts record profits and launches £118m buyback March 5, 2024 Hiscox benefits from marketing blitz as insurer posts record profits and launches buyback
Sabre: Leading motor insurance underwriters expect to exceed forecasts ‘across almost all key measures’ February 15, 2024 One of the UK’s leading motor insurance underwriters, Sabre Insurance, has boasted that it expects to outperform expectations in its upcoming results. In a trading update today, the group said it expected its 2023 results to “meet or exceed current market expectations across almost all key measures”. This included the group’s gross written premium, estimated [...]
Amazon pushes into world of home insurance October 19, 2022 Just when you thought Amazon sold pretty everything, the tech firm announces that it has launched a new home insurance shop. The new offering will allow customers to request and review insurance quotes, select a policy, and then checkout—all on amazon.co.uk The e-commerce giant firm only has three insurers signed up so far, including Ageas [...]
Electric vehicle transition to drag up car insurance premiums, warns report July 5, 2023 The transition to battery electric vehicles (BEVs) will “force a whole-scale adaption of the motor insurance sector” as it struggles to find a solution to the additional costs involved in insuring the new technology, a new report has warned. BEV claims are already 25.5 per cent more expensive than their combustion engine counterparts and could [...]
UK paves way for war risk insurance scheme to help UK firms rebuild Ukraine October 31, 2023 Ministers have signed a statement of intent with the European Bank of Reconstruction and Development (EBRD) in a bid to remove barriers to firms trading and investing in Ukraine.
Extreme weather tops insurance risk list for 2024 after £75bn bill last year January 10, 2024 Environmental risks continues to dominate the global risks landscape according to a new report by the World Economic Forum