As climate risk shifts, insurability is moving from a market problem to a systems problem. Catastrophe losses are rising, but the deeper challenge for insurance markets is increasing uncertainty about future risk. As climate conditions and exposure patterns shift, historical loss experience becomes a weaker guide for pricing and capital allocation, leading to higher premiums, tighter capacity, and a widening protection gap. 62% of global natural-catastrophe losses (US$280bn) were uninsured in 2023, highlighting growing protection gaps as renewals tighten and insurers withdraw from high-risk regions.
The cyber insurance market would benefit from clear protocols governing the review process for business interruption claims, a new report from the International Underwriting Association (IUA) has stated. Such claims are often complex in situations where a tower structure has been established, with multiple insurers providing layers of coverage for large risks. An established framework, covering questions such as the appointment of experts, fee sharing, and information flows could bring greater consistency and efficiency to the process.
The Government has today launched its long-awaited consultation on key changes to the traffic-light transfer conditions which were introduced back in November 2021.
Total private health admissions – including self-pay – within touching distance of reaching 1 million per year. Growth in the private market continues despite progress in reducing NHS waiting lists for hospital treatment, as employers recognise the value of PMI in supporting workplace health
Fresh skirmishes in the Middle East raise concerns about the duration of the energy crunch. Brent Crude creeps higher, rising back above $90 a barrel, and US oil stocks fall to their lowest level in four months. US Consumer Price Index data set to be a driver of sentiment with May numbers expected to show a 0.5% lift in inflation month on month. Voracious demand for AI is set to increase inflationary pressures as data centre build-out ramps up. Looming SpaceX IPO likely to keep stocks volatile.
The Pensions Minister Torsten Bell today published a consultation to reduce scams in Small Self-Administered Schemes (SSASs) as, while they account for a minority of the pensions market, emerging evidence suggests that SSASs may be more vulnerable to the potential for fraudulent misuse.
Policy Expert has appointed Graham Wright as Chief Growth Officer, a newly created role, strengthening the business’ senior underwriting, pricing and counter fraud capabilities. The appointment also reflects a broader evolution of the Growth function, with trading now incorporated into its remit for the first time as Policy Expert continues to scale.
Broadstone and Gallagher comment as the aggregate surplus of the 4,838 schemes in the PPF 7800 Index increased by £5.3 billion through May 2026 to reach £263.8 billion in surplus albeit there was no change to the funding ratio which remained at 131.2%. The number of schemes in surplus increased by 36 to 3,826 representing nearly four in five (79.1%) of all schemes in the universe.
Intense competition between insurers is helping UK-based defined benefit (DB) pension schemes achieve record buy-in pricing, according to LCP’s latest pension risk transfer (PRT) market update.
Howard Johnson speaks to WTW valuation and covenant specialists Billy Weir and Helena Mules about the key features of the framework and the lessons emerging from early cases, to help trustees and sponsors prepare for their next valuation.
This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of the schemes’ annual scheme returns, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).
Late February’s joint US-Israeli strikes triggered an immediate Iranian response. Prompted by a series of provocations and retaliatory actions in the region, diplomatic channels have become strained between the powers involved. The United Nations has urged dialogue but is struggling to mediate amid stalling peace talks. The fallout is already spreading through energy and food systems, supply chains and carbon emissions, with consequences that reach far beyond the region.
Nearly a third (32%) of financial advisers and IFAs say clients' investment solutions are mainly constructed by Model Portfolio Services. This comes above multi asset funds (27%) or in-house investment portfolios (24%)
Footsie set for a flat start as wariness remains about geopolitical tensions, inflation and global growth. OpenAI confidentially files for an IPO amid hot competition from Anthropic and SpaceX. Israel and Iran cease hostilities, helping calm oil prices, but energy costs remain elevated. China’s resilience shines through with exports hitting record levels in May.
Following the government’s announcement of proposals to give greater rights to cohabiting couples, Sean McCann, Chartered Financial Planner at NFU Mutual, the financial advice firm, outlines five financial issues cohabiting couples should consider.
The Pensions Policy Institute (PPI), the UK's leading independent authority on pensions and retirement policy, has published a new report today that has found Guided Retirement solutions could play a critical role in improving how individuals navigate retirement income decisions.
Over 90 million guest stays were recorded in UK short-term holiday rentals last year – a 10% jump from the previous year – yet most homeowners are unknowingly underinsured. Standard home insurance policies exclude guest-related damage, leaving homeowners dangerously exposed when things go wrong.
PensionBee has called into question the effectiveness of the government's pension scam safeguards after data obtained from a Freedom of Information request showed only a minority of transfers flagged as potential scams are genuinely high risk.
The Pension Schemes Act received Royal Assent on 29th April. The next stage for regulators and policy makers is to develop the rules and regulations that will determine the detail and deliver the ambition of improving the outcomes for future pensioners. The new value for money (VfM) framework will shine a light on performance relative to the average returns achieved by defaults within multi-employer pension schemes. The aim is that defaults that underperform will be closed and merged, creating an obvious incentive to improve.
Sell-off intensifies as inflationary fears rise with tech bearing the brunt. Iran war developments add to tensions after Iran targeted Israel with missiles. Brent crude gains 4% to trade above $97 a barrel. South Korea's Kospi plunges 8% triggering a circuit breaker. Tech stocks suffering amid worries of interest rate hikes. Bond markets caught up in the sell-off as investors seek higher returns.
Broadstone has appointed Simon Grout as Senior Actuarial Director into its Insurance Advisory & Remediation division. Simon joins Broadstone from FTI Consulting where he was a Senior Advisor in the firm’s Global Insurance Services practice. He brings more nearly 40 years of experience as both an actuarial and management consultant in the insurance industry across EMEA.
On 19 May 2026, the Pensions Commission published its interim report on the state of retirement saving in the UK. The report highlights that many people are not saving enough for retirement, particularly low and middle earners, the self-employed, and women. It sets out the key challenges facing the current system, and where the Commission will focus its work next. A final report, including recommendations on how to improve retirement outcomes, is expected in early 2027.
Middle East conflict now leading financial concern for UK and European consumers, level with inflation and ahead of the war in Ukraine and strained US relations. For European businesses, the conflict is the second biggest external threat, behind only inflation – and third for UK businesses, behind inflation and UK economic slowdown. UK consumers are among the most pessimistic in Europe about their finances: four in ten expect to have less money each month and over half plan to cut spending in 2026. Almost one in ten UK consumers have been turned down for credit since January 2025 – the highest rate in Europe