Britain to Create New Regime to Deal With Big Insurance Company Failures August 7, 2023 By Huw Jones Britain said on Wednesday [Aug. 2] it would start work on setting up new rules specially designed to prevent a...
Updated: Aviva CEO Says Demand for Private Healthcare Rising on NHS Woes March 9, 2023 By Laura Benitez and Anna Edwards Aviva Plc said it is seeing increased demand for private health insurance because of the strains the National Health Service...
UK Non-Bank Institutions (Such as Insurers) Face 1st Stress Test After Pensions Turmoil December 13, 2022 By Huw Jones and David Milliken Investment funds and other non-bank financial institutions face their first “stress test” next year to apply lessons from the near-meltdown...
UK Motor Insurer Direct Line to Raise Premiums After H1 Profit Hit August 2, 2022 By Carolyn Cohn British motor insurer Direct Line is raising premiums after higher claims hit its first-half profits, as the company feels the...
UK Travel Insurance Policies May Not Cover Flight Disruptions Due to Strikes: Report July 6, 2022 By Sarah Muller Insurance may not save you from summer travel misery. Four in 10 policies don’t protect against strikes, the UK consumer...
Sanctions Against Russia ‘Manageable’ for UK Insurers, Banks: Regulator March 9, 2022 By Huw Jones Sanctions against Russia in response to its invasion of Ukraine are “manageable” for Britain’s insurers and wider financial sector, Bank...
UK Personal Lines Insurers Adjust to New Pricing Rules. Is Premium Volatility Ahead? January 6, 2022 By L.S. Howard UK insurers are adjusting to new pricing rules for personal motor and household premiums, which could bring some pricing volatility...
UK Insurers Warned They Could Face Regulatory Action Over Car, Home Policies August 25, 2021 By Huw Jones LONDON – Insurers in Britain that are not ready to implement tougher “value for money” rules on car and home...
UK Car Insurance Premiums Drop to Lowest Level Since 2015: WTW Survey April 20, 2021 The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their...
Repair Your Damaged Reputations, AM Best Tells UK Insurers February 2, 2021 While most of the COVID-related problems that plagued UK commercial property insurers will abate after the March anniversary of lockdowns,...