Cyber attacks cost European businesses over €300bn as insurance uptake lags September 24, 2025 Almost half of businesses in four of the largest European economies reported at least one cyber attack over the last five years, resulting in costs exceeding €300bn (£261bn). According to a new report by British insurance broker Howden, the cyber attacks on businesses in France, Germany, Italy, and Spain over the past five years equated [...]
Aon’s tech startup approach is redefining life insurance September 18, 2025 When Michelle Lister joined Aon to startup a life consulting practice, she didn’t expect to find a high-performing GPU based life actuarial software ready to use for her projects. But that’s exactly what happened. “The draw was the excitement of having this startup of a business within a global corporate,” says Lister, now UK/EMEA head [...]
The Long Tail: The crucial role of Managing General Agents September 17, 2025 As the fastest-growing segment in property and casualty (P&C) insurance globally, managing general agents (MGAs) are attracting significant investment and playing a crucial role in closing the protection gap. MGAs utilise capital from large insurers to underwrite on their behalf, allowing insurers access to specialised product lines without having to build in-house capabilities. In the [...]
Co-op Insurance expands into loans in partnership with ClearScore September 16, 2025 The insurance arm of the Co-op Group is expanding its presence in the financial services market by offering personal loans, in partnership with ClearScore. As part of the collaboration, ClearScore’s credit matching platform will be available to Co-op members and customers, offering personalised credit services. Its member-owners and customers will be able to access unsecured [...]
How AXA UK&I boss is building a £7bn insurance powerhouse September 16, 2025 If AXA UK&I was listed on the London Stock Exchange in its own right, it would be part of the FTSE 100, its chief executive Tara Foley has said. The AXA group is one of France’s best-known financial services firms, and its financials reflect this, having generated over €110bn (£95bn) in 2024. While back at [...]
UK insurers face ‘data quality’ obstacles in AI adoption September 9, 2025 British insurers are facing a bigger AI obstacle than expected, as poor quality data is preventing underwriters from accelerating adoption. A new report by tech firm CI&T, in collaboration with Reuters Events, revealed that nearly three-quarters (72 percent) of underwriters identified fragmented and unstructured data as the primary barrier to AI transformation. The next top [...]
Lloyd’s of London BluePrint Two delayed, again September 4, 2025 The world’s leading insurance and reinsurance market, Lloyd’s of London, has delayed the rollout of its strategy to digitalise the market for the fourth time. Blueprint Two was launched six years ago, labelled an “ambitious strategy” by the market. The programme was pitched as delivering a “profound” change in the market through digitalisation. Lloyd’s, together [...]
Higher interest rates boost Lloyd’s of London September 4, 2025 Lloyd’s of London, the world’s leading insurance and reinsurance market, has reported a profit before tax of £4.2bn for the first half of 2025. Gross written premiums climbed to £32.5bn, up from £30.6bn reported for the same period last year. Its underwriting result fell to £1.5bn, down from £3.1bn the previous year, as the market’s [...]
Geopolitical instability hits the bottom line as businesses suffer investment losses September 3, 2025 Businesses have suffered losses in international projects or investments due to geopolitical and economic risks, with interest in political risk insurance (PRI) soaring as a result. According to a new report by insurer Howden, over half of the companies surveyed, comprising around 500 senior risk and treasury function decision-makers, reported suffering a political loss to [...]
Private healthcare admissions surge as calls for VAT raid grow September 2, 2025 The number of hospital admissions using private healthcare in the first quarter of the year has bounced back to its pre-pandemic peak. The latest Private Healthcare Information Network (PHIN) data on private healthcare admissions published today revealed that the total number of admissions in the first quarter of 2025 was 241,000. Despite the figure being [...]