The average UK home insurance policy rose by 6% between April and June after damage following record claim sums paid out by insurers due to adverse weather in 2023, as the ABI call for the government to bolster climate resilience and flood defence to prevent property damage.
Spotlight

Minister urges insurance companies to process pay-outs quickly for businesses affected by riots
Minister appeals to insurers to process pay-outs quickly for businesses affected by the riots that swept the country in the last couple of weeks.

The insurance industry responds to Labour election win
With a new party set to take control after 14 years of Conservative rule, this article explores the insurance industry’s response to the election result.

At least $10tn of insurance cover needed to finance net zero, according to report
Joint research published by Howden and Boston Consulting Group (BCG) highlights the crucial role of insurance in enabling the climate transition and warns that significant challenges lay ahead for the sector.

Cultivating Inclusive Workplaces in Financial Services: Beyond Pride Month
To mark Pride Month 2024, this article explores how the financial services sector can take meaningful steps to cultivate inclusive, safe, and supportive workplaces, and the importance of doing so for both employees and the customers they serve within the LGBTQ+ community.

Why brokers could never be displaced by AI
This article will explore why the value of insurance brokers means that they will never be displaced by AI.

Key Employment Law changes to be aware of this April
Several new employment laws come into force from April 2024. Firms should be aware of any changes to their obligations to employees and ensure that policies and processes are revised to avoid falling foul of the new rules.

New statutory duty on employers to prevent workplace sexual harassment
The Worker Protection Act 2023, (Amendment of Equality Act 2010) received Royal Assent on the 26th October and will come into force on the 27 October 2024.

Wind-down Planning
Financial resilience surveys published by the FCA indicate that firms have experienced a significant decrease in liquidity during the Covid-19 pandemic. Kirk Ford explains why it is important for firms to have a wind-down plan in case they need to make an orderly departure from the market.