Pool Re: The UK’s secret weapon of insuring against terrorism August 13, 2025 When the private insurance market buckled under the threat of terrorism, the government stepped in to ensure that businesses would not be left alone
Brits could be missing out on cheaper home insurance deals August 12, 2025 UK customers could be missing cheaper home insurance deals by failing to shop around for cheaper covers. One in four homeowners auto-renew their home insurance without looking for better quotes, potentially causing them to lose out on cheaper deals or extras, according to a survey from financial services comparison platform Go Compare. Of the 2,000 [...]
Royal London profit rises after new business sales August 8, 2025 Royal London reported strong profit growth in the first half of the year after an increase in new business sales. The insurance company recorded a 15 per cent rise in pre-tax profit to £166m, compared to £144m in 2024, crediting its higher business sales and bulk purchase annuity buy ins. The group completed eight BPA [...]
InsurTech funding slumps despite AI demand August 7, 2025 Global funding for InsurTech startups slumped in the second quarter of the year despite demand for AI as companies looked to the tech to help drive efficiencies and process claims. According to the second-quarter 2025 Global InsurTech Report, a collaboration between Gallagher Re and CB Insights, global InsurTech funding declined by 16.7 per cent quarter-on-quarter [...]
Hiscox shares jump after firm lifts buyback despite wildfire losses August 6, 2025 Shares in Lloyd’s of London insurer Hiscox jumped more than 10 per cent in early deals this morning after the company hiked its share buyback. Overall, the group posted a slight fall in interim profit as wildfire claims hit its reinsurance division, but the group increased capital returns on the back of substantial investment income. [...]
Legal & General: Profit jumps as international growth pays off August 6, 2025 Asset management and insurance giant Legal & General has reported steady growth across all business arms as it continues its international growth plans. The company recorded a six per cent increase in core operating profit for the first half of 2025 after recording steady growth across all three of its business arms. Core operating profit [...]
Labour’s Lord Kinnock: Slap VAT on private healthcare August 4, 2025 Labour's Lord Kinnock has called on the government to start charging VAT on private medical insurance in order to raise funds for the NHS
AI disruption rocks professional services jobs market fuelling anxiety among Gen-Z July 29, 2025 The UK jobs market is facing significant turmoil, with rising unemployment figures and layoffs, a trend seen in the professional services sector
UK insurance sector calls for more adverse weather protection July 24, 2025 The UK insurance sector has called for more adverse weather protection as a “challenging new era” places increasing pressure on insurers. In the first quarter of 2025, British insurers paid out a record high of £226m in weather-related claims, surpassing the previously held record of £67m in 2022. Industry paid an eye-watering £585m for weather-related [...]
FCA urges UK insurers to improve motor insurance claim handling July 22, 2025 UK insurers have been urged to improve their claim handling skills after the UK’s financial watchdog found “concerning evidence” of poor practice in the motor insurance market. The Financial Conduct Authority (FCA) said hikes in motor insurance premiums were down to how claims are handled by insurers, adding that “insufficient management information” was resulting in [...]