UK insurers pay record £7.34 billion in protection claims in 2023
Latest figures highlight the importance of protection insurance in providing financial stability during challenging life events. Insurers in the UK...
Read MoreBrokers urge insurers to signpost non-standard risks
The Prestige Underwriting Non-Standard Survey has revealed a significant issue. Insurers and price comparison websites (PCWs) often decline non-standard risks...
Read MoreInsurers grapple with rising climate catastrophes
As climate change continues to exacerbate the occurrence of catastrophic events, concern has continued to grow for insurers and insureds...
Read MoreLMA and IUA unveil sustainability data resource for insurers
In a development aimed at alleviating the complexities faced by insureds in disclosing sustainability data, the Lloyd’s Market Association (LMA)...
Read MoreNew survey reveals how insurers adapt to IFRS17
A new PwC survey of 17 global insurance companies reveals how insurers have managed the implementation of the IFRS17 standard, the impact...
Read MoreInsurers prioritise automation in claims processing to manage rising costs
A recent poll conducted by RDT among technology teams at insurance firms and Managing General Agents (MGAs) reveals a strong...
Read MorePRA finalises Solvency II rules, boosting investment for UK insurers
The Prudential Regulation Authority (PRA) has recently released the final guidance on the 'Solvency II: matching adjustment', marking a significant...
Read MoreRising travel insurance costs pose challenges for UK insurers
Simon Hoskin, director of travel/A&H, Gallagher Bassett. Travel insurance costs in the UK have been steadily rising, presenting challenges...
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