Direct Line to launch basic car insurance policy as premiums dip 8.9%
The new product will be launched in Q4
Aviva UKGI hits £3.9bn GWP in Q3 2022
The insurer saw a slight rise in its COR, however
Briefing: London’s Islamic aspirations move closer with MOU
London is looking to Indonesia to help create opportunities around Islamic insurance and diversity
Pet underwriter secures £15m funding boost
The firm’s founders hope that the extra capital will help them develop a ‘one-stop, holistic service’
Travel, home and pet policyholders ‘forced’ to cancel cover – GlobalData
The ‘squeeze on living standards’ in the UK is causing consumers to change their spending habits, says insurance analyst
SMEs to raise prices for customers as costs rise – Premium Credit
New research found that around two fifths of respondents did not know how to address rising energy prices
In Focus: MGAs are undoubtedly ‘the sexy side of insurance’ - but what is driving their increasing relevance?
The advantages that MGAs can provide to the insurance sector in a rapidly changing world could help the industry stay relevant
Over one million households plan not to renew buildings and contents cover – Go.Compare
Those aged between 18 and 24 are feeling the pinch of the cost of living crisis most, found the price comparison site’s research
Insurers may be ‘forced to scale back services’ as BoE hikes interest rates
Warnings of a long recession also sent the pound into a downward spiral, further piling pressure on insurer’s finances
Axa UK and Ireland’s revenue increases by 5% across first nine months of 2022
The business’ personal non-motor P&C line dropped in total income, however
Briefing: Not enough female founders and chief executives in insurtech
The insurance industry has a long way to go to improve the lack of females in insurtech c-suite and technology roles
Will appetite for UK broker schemes dwindle amid ‘stark drop’ in possible commission earnings?
One line of business presents a silver lining, however, reporting a 10% growth in brokers’ commission earnings as a percentage of premium between April and October 2022