Among the key themes on the insurance risk radar for the year ahead, climate change and geopolitical risk...
Flood - Rising concerns
In both the UK and the US, fear of flooding is becoming significantly more widespread and an increasing number of customers are turning to their insurers for help in mitigating the rising risks. In December last year, US...
In both the UK and the US, fear of flooding is becoming significantly more widespread and an increasing number of customers are turning to their insurers for help in mitigating the rising risks. In December last year, US...
Article / 7 days ago
Knowledge is power
Insurers expect to pay out an estimated £560m to help customers who suffered damage caused by the recent Storms Babet, Ciaran and Debi; it is also forecast that in 2023 motor insurers will have paid out £1.14...
Insurers expect to pay out an estimated £560m to help customers who suffered damage caused by the recent Storms Babet, Ciaran and Debi; it is also forecast that in 2023 motor insurers will have paid out £1.14...
Article / 2 months ago
Flooding - Rising risk
A trio of storms named Babet, Ciaran and Debi hit the UK in the autumn of 2023, resulting in flooding and other serious storm damage, with a devastating impact on homes and businesses. According to Association of...
A trio of storms named Babet, Ciaran and Debi hit the UK in the autumn of 2023, resulting in flooding and other serious storm damage, with a devastating impact on homes and businesses. According to Association of...
Article / 2 months ago
Storms - Batten down the hatches
At the time of writing, the UK had already suffered three major named storms – Agnes, Babet and Ciarán – which have battered the country from north to south and east to west. So far, no part of...
At the time of writing, the UK had already suffered three major named storms – Agnes, Babet and Ciarán – which have battered the country from north to south and east to west. So far, no part of...
Article / 4 months ago
Subsidence - Sinking in the heat
Hot weather returned to the UK this August after an unsettled July which made it easy to forget that the UK had just experienced its hottest and fourth-sunniest June since records began in 1884. Temperatures in 2022 also...
Hot weather returned to the UK this August after an unsettled July which made it easy to forget that the UK had just experienced its hottest and fourth-sunniest June since records began in 1884. Temperatures in 2022 also...
Article / 8 months ago
Myriad challenges facing Europe's insurers
Nearly half of all international insurance groups are European and, within Europe and beyond, the industry supports societies and economies through both the billions of euros it pays in claims...
Nearly half of all international insurance groups are European and, within Europe and beyond, the industry supports societies and economies through both the billions of euros it pays in claims...
Article / 10 months ago
Inflation goes high, we go low
Despite the Bank of England's efforts to bring the inflation rate down, headline Consumer Price Index (CPI) remained at 10.1% at the time of writing and is unlikely to drop to anywhere near the 2% target in 2023. Interest rate hikes...
Despite the Bank of England's efforts to bring the inflation rate down, headline Consumer Price Index (CPI) remained at 10.1% at the time of writing and is unlikely to drop to anywhere near the 2% target in 2023. Interest rate hikes...
Article / 1 year ago
Fire safety clause launches
Projects to tackle fire safety risks on high-rise residential buildings have been boosted by the publication of a new model insurance clause covering fire safety risks. The move follows the Grenfell Tower fire in 2017 in...
Projects to tackle fire safety risks on high-rise residential buildings have been boosted by the publication of a new model insurance clause covering fire safety risks. The move follows the Grenfell Tower fire in 2017 in...
Article / 2 years ago
Fighting the flood
After the UK’s most recent storms, Eunice and Franklin, Liz Booth reports on the profession’s latest innovations to meet the growing challenge of extreme weather...
After the UK’s most recent storms, Eunice and Franklin, Liz Booth reports on the profession’s latest innovations to meet the growing challenge of extreme weather...
Article / 2 years ago
Flood - Rising tide
Insurers head to COP26 with growing concerns about extreme weather risk, as Liz Booth reports...
Insurers head to COP26 with growing concerns about extreme weather risk, as Liz Booth reports...
Article / 3 years ago