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Pet insurance premiums rise exceeding March 2024 levels

The latest Pet Insurance Pricing Index from pricing experts Pearson Ham Group shows a continued upward trend for Lifetime policies, the most popular type of cover among UK pet owners. Premiums rose by 0.6% in March 2025, marking a consistent month-on-month climb since November. Over the year, prices are now 1% higher than March 2024, reversing last year’s pattern of decline.
Posted on Wednesday Apr 9

Lloyds report strong performance and investor appeal

Insurance Capital Markets Research (ICMR) and the Lloyd’s Market Association (LMA) have released their 2nd annual report, the Lloyd’s 2025 Insights Report, providing a detailed analysis of Lloyd’s and syndicates’ 31/12/2024 year end results.
Posted on Tuesday Apr 8

Tariffs could have wide ranging implications for insurers

Comments following the announcement of sweeping global tariffs by President Trump earlier this week, from Elizabeth Wooliston (formerly Jenkin), Underwriting Director at the Lloyd’s Market Association:
Posted on Friday Apr 4

Insurance customers save GBP100m as instalment costs fall

Consumer Intelligence launches APR Awareness Month to highlight true cost of insurance Instalments. Cost of living pressures and rising insurance premiums mean more customers are switching to paying by instalments
Posted on Friday Apr 4

Distractions whilst driving including using mobile phones

And it’s younger drivers who are most at fault for using mobiles behind the wheel, research from The Green Insurer shows. Study looked at biggest distractions and found dazzling LED headlights are the worst
Posted on Thursday Apr 3

Cyber Risk exposure for small businesses

CyberCube has released its latest report: “H1 2025 Global Threat Briefing: Understanding Cyber Risks for Small Businesses”. The report highlights the growing cyber protection gap affecting small businesses and the critical role the (re)insurance ecosystem must play in addressing it.
Posted on Wednesday Apr 2

The Divorce Gap as women's incomes cut in half after divorce

Women’s incomes cut in half following a split – leaving them financially vulnerable (24%) and struggling to meet the cost of essentials (19%) and this can impact retirement. Women are twice as likely as men to reduce work hours post-divorce due to childcare responsibilities. Women are significantly more likely to waive rights to a partner’s pension as part of a divorce settlement (28% vs 17%), creating potential retirement risks.
Posted on Wednesday Apr 2

LMA calls for combined approach to cyber exposure management

The Lloyd’s Market Association (LMA) has today released Practical Management of Cyber Exposures and Aggregations, a best practice document on the management of cyber risks. Report highlights the need for adoption of standardised ‘primary’ cyber characteristics within syndicates
Posted on Tuesday Apr 1

EU comprehensive AI Act includes obligations for employers

A major European regulation imposing strict rules on AI activities that pose high and unacceptable risks, including those deployed in the workplace, is being implemented in phases through 2026.
Posted on Tuesday Apr 1

Car insurance premiums fall by 17 percent in last 12 months

Motorists are now on average paying £777, which is £164 less than one year ago, with easing claims inflation and frequency contributing to this trend.
Posted on Monday Mar 24

Insurance Premium Tax hits new record with 1 month to go

According to this morning’s HMRC data, Insurance Premium Tax (“IPT”) receipts stood at £1.3 billion in February 2025, bringing the 11-month total for the 2024/25 financial year to £8.8 billion. In the full 2023/24 financial year, IPT raised £8.1 billion so the tax has already registered a record annual haul with one month of receipts still to be counted.
Posted on Friday Mar 21

Landmark 2GW operational solar capacity achieved

Schroders Greencoat, the specialist renewables manager of Schroders Capital, announces the significant milestone of surpassing 2GW in operational ground mount solar capacity in the UK, equivalent to powering around 730,000 homes per annum. Whilst also contributing to the UK’s clean energy goals, this landmark achievement helps provide resilient cashflows for underlying institutional, LGPS, Defined Contribution and wealth investors.
Posted on Thursday Mar 20

European Energy Transition

New analysis by LCP Delta reveals that the ongoing buildout of grid scale renewable generation will be accompanied by a surge in household electrification across major economies in Europe. This system will see high and sustained levels of power market volatility and growing distribution network congestion, meaning that rapid growth in flexibility, through both the shifting of demand and via the deployment of grid-scale energy storage, will be critical for a successful transition.

Posted on Thursday Mar 20

Call for MGA specific regulation gains broker support

A recent survey of insurance brokers has revealed strong backing for the establishment of a dedicated regulatory framework for MGAs, with 68% agreeing that the Financial Conduct Authority (FCA) should regulate MGAs separately from insurers and brokers. Furthermore, 67% of brokers indicated they would be more inclined to work with MGAs if such a framework were introduced.
Posted on Monday Mar 17

Update on the FCAs enforcement transparency proposals

Reaction from the Association of British Insurers (ABI) to the FCA’s latest update on enforcement proposals and its joint update with the PRA on diversity and inclusion .
Posted on Thursday Mar 13

APAC reinsurance market to surpass USD68 billion in 2029

The Asia-Pacific (APAC) reinsurance market is projected to grow at a compound annual growth rate (CAGR) of 4.8% from an estimated $54.0 billion in 2024 to $68.4 billion in 2029, in terms of reinsurance accepted premiums, driven by stable pricing and increased demand for catastrophe coverage, according to GlobalData, a leading data and analytics company.
Posted on Wednesday Mar 12

GBP100k claim dismissed as fraudster lied about injuries

Allianz UK and DWF Law LLP have successfully resolved a personal injury claim involving claimant Jennifer Parker, of Swadlincote in Derbyshire, which has resulted in significant savings for the insurer. The claim, valued in excess of £100,000, was struck out by the court after it was determined that the claimant had been fundamentally dishonest in her allegations.
Posted on Wednesday Mar 12

SolvencyII new rules on sustainability must be proportionate

Insurance Europe has responded to a EIOPA consultation on Regulatory Technical Standards (RTS) on the management of sustainability risks under the Solvency II framework.
Posted on Wednesday Mar 12

Most Ransomware incidents start with compromised VPN devices

Coalition have published its Cyber Threat Index 2025, detailing insights on cybersecurity trends from 2024 and emerging threats businesses should be aware of in 2025. According to the report, most ransomware claims in 2024 started with threat actors compromising perimeter security appliances (58%), like virtual private networks (VPNs) or firewalls. Remote desktop products were second-most (18%) exploited for ransomware attacks.
Posted on Tuesday Mar 11

Phone thefts rise with over 1000 stolen each week in London

More than 70,000 phones were stolen in London in 2024 – a 34% increase from the previous year. Phone thefts in the capital have risen by 244% from 2020. As new smartphones can cost over £1,000, the crime could cost Londoners a combined £70 million if they replace stolen phones with the latest models
Posted on Monday Mar 10

Pool Re launch consultation on terrorist coverage

Pool Re, Britain’s government-backed terrorism reinsurer, has recently launched a market consultation to explore the reintegration of terrorism cover as a standard feature within commercial property insurance for SMEs.
Posted on Monday Mar 10

Comments on FCAs vulnerable customer research

Standard Life and Simplify Consulting comment on the FCAs vulnerable customer research
Posted on Friday Mar 7

Vulnerable customers urged to open up for the right support

Just 4 in 10 vulnerable customers say they have disclosed their needs to their financial services provider, new research commissioned by the FCA shows.
Posted on Friday Mar 7

Only a quarter of top insurers are truly digititized

ACORD, the standards-setting body for the global insurance industry, today released the 2025 edition of its annual ACORD Insurance Digital Maturity Study. The report analyzed 210 of the world’s largest insurance carriers across all major lines of business, including property and casualty, life, and reinsurance.
Posted on Thursday Mar 6

Disaster risk awareness measures

Insurance Europe has responded to a European Insurance and Occupational Pensions Authority (EIOPA) proposal to launch an EU-wide risk awareness and prevention measures tool that would enhance homeowners’ understanding of the impact of climate change on their properties. Insurance Europe supports efforts to improve risk mitigation and urges EIOPA to leverage existing national tools.
Posted on Tuesday Mar 4