Large UK Insurers to Report Daily Cash Positions During Crises Under New Proposals December 11, 2024 Large British life insurers would need to report their liquidity positions daily during market crises under new rules proposed on...
UK Stands to Lose 8 Million Jobs From AI, Analysis Warns March 27, 2024 By Irina Anghel As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government...
Some Insurers Suspend Sales of Car Policies After UK Watchdog Again Intervenes February 9, 2024 By Huw Jones Britain’s financial watchdog said on Friday several insurers have agreed to suspend sales of policies that cover the depreciation of...
Shares in UK Insurers Tumble on Report of Regulator Comments on Premium Finance January 10, 2024 Shares in UK insurers fell on Wednesday, with traders pointing to an article in the Insurance Post that quoted the...
UK Data Protection Watchdog Warns Companies Over AI Use and Privacy December 7, 2023 Britain’s data protection watchdog warned companies to consider people’s privacy rights whenever they use artificial intelligence (AI) or face not...
London’s Insurance, Finance Workers to See Biggest AI Impact: UK Report November 29, 2023 By Irina Anghel Management consultants and City of London finance workers are among those most exposed to workplace changes ushered in by artificial...
Bank of England to Deepen System-Wide Stress Test for Banks, Insurers November 13, 2023 By Huw Jones The Bank of England said on Friday it would start the second leg to its first system-wide stress test of...
Aviva Agrees to Acquire AIG’s UK Protection Business for $563 Million September 25, 2023 By Iain Withers Aviva said on Monday it had agreed to buy the UK life insurance business of AIG for 460 million pounds...
UK Watchdog Sets 3-Month Deadline to Improve Car Insurance September 21, 2023 By Huw Jones Britain’s financial watchdog has told motor insurers they have three months to improve the value they give customers in products...
Car Premiums to Rise Again as British Insurers Feel the Heat August 30, 2023 By Irina Anghel and Laura Benitez Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have...