General Insurance Article

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Chinese firms to continue to dominate APAC reinsurers market

Asia-Pacific (APAC) reinsurers’ premiums amounted to $58.6 billion in 2024, representing a decline from $60.2 billion in 2023, mainly due to some reinsurers adopting the IFRS 17 accounting standard. Reinsurers in China continued to dominate the regional market, with a share of 48.7% in 2024. This dominance and the resulting market concentration is expected to remain in the APAC region, according to GlobalData.
Posted on Friday Feb 27

Smarter approach to communicating our regulatory priorities

The FCA Regulatory Priorities reports mark a new approach that will help to transform our supervision and streamline regulation.
Posted on Wednesday Feb 25

IPT rakes in record £7.7 bn in January 2026

New HMRC figures released today show that Insurance Premium Tax (IPT) has generated £7.70 billion in the first ten months of the 2025/26 financial year (April–January), with £872 million collected in January alone – a record for this month.
Posted on Friday Feb 20

Sharp uptick in cybercriminals publicly posting stolen data

Applying patches and security updates quickly is critical, as attackers now move from break-in to damage in about a day. A significant number of vulnerabilities exploited in Q4 were 0day vulnerabilities, meaning organizations didn’t have time to patch prior to threat actors abusing the vulnerabilities. Email scams caused over a third of reported cyber incidents in Q4.AI is beginning to change cyber threats, but not in the ways most people expected.
Posted on Thursday Feb 19

EMEA businesses to strengthen AI era cyber resilience

Aon has said that polling from its 2025 Cyber Webinar, revealed that EMEA businesses believe they are unprepared for artificial intelligence (AI)-powered cyber threats.
Posted on Thursday Feb 19

Bad weather pushes home insurance payouts to £6.1bn in 2025

Insurers paid out £6.1 billion in property claims in 2025, according to the ABI’s latest data - the highest annual total on record. In the final quarter alone, payouts reached £1.5 billion, as adverse weather events continued to drive up claims costs.
Posted on Wednesday Feb 18

48 million struggling with high living costs

New research has revealed that 88% of the UK is struggling to cope with high living costs - equal to an estimated 48 million people nationwide. Of those in the survey, over 2 in 5 (45%) indicated that the country’s high living costs are impacting them even more than last year, showing that things have been getting worse rather than better for most households’ finances.
Posted on Friday Feb 13

Can you spot the fake AI generated claim

With insurance fraud now pushing up the average person’s annual premium by £50, new images reveal just how indistinguishable AI-generated claims are becoming - and the subtle clues we’re all missing.
Posted on Thursday Feb 12

Property insurance claims to hit record high for 2025

UK property insurance claims are expected to hit £6.1 billion for 2025 – the highest payout on record. Claims specifically related to weather are likely to reach £1.6 billion, double the annual levels seen between 2017 and 2021. Weather claims set to make up 25% of the total amount paid out by UK property insurers in 2025. 84% of home insurance professionals surveyed by Deloitte say that climate change is a risk to their business.

Posted on Wednesday Feb 11

London Market remains a global leader but challenges remain

The London Market has doubled in size over the last c.10 years. It is worth $187bn in GWP, up 17% from 2022. It now contributes £61bn to overall UK GDP and 37% of “City” GDP, vs £49bn in 2020.The London Market has outpaced global market growth, increasing its overall share to 8.7% in 2024, albeit its rate of growth has lagged some competitor jurisdictions. London remains larger (at $187bn) than all other global insurance hubs combined
Posted on Thursday Feb 5

ABI strategy to improve trust, resilience and effectiveness

In its new 2026-28 strategy, the ABI reaffirms its commitment to building a trusted sector, investing in people and planet and shaping an effective market.
Posted on Tuesday Feb 3

The ABI strengthens member decision making

ABI Board and member group governance refresh to elevate and align decision-makingNew pension group to focus on the Bulk Purchase Annuity market and investmentChairs confirmed across the four lead groups
Posted on Friday Jan 30

Insurance advice ahead of Storm Chandra

As the Met Office names the next storm of 2026, the ABI has issued advice to homeowners and businesses on how to prepare and what to do if they need to make a claim.

Posted on Tuesday Jan 27

IPT generated £6.8 billion in the first 9 months of 2025/26

HMRC data shows that Insurance Premium Tax (IPT) has generated £6.8 billion in the first nine months of the 2025/26 financial year (Apr to Dec), with £43 million collected in December alone. This places IPT revenues £115 million higher than the same period last year, when the first nine months of 2024/25 totaled £6.7 billion and ultimately delivered a record annual figure of £8.88 billion.
Posted on Thursday Jan 22

Actuaries and scientists call for a Planetary Solvency plan

New analysis suggests the planet may be more sensitive to greenhouse gases than many models assume, meaning temperatures could rise faster and bring much greater climate risks than policymakers and financial institutions are planning for.
Posted on Friday Jan 16

Cyber remains top business risk but AI rises to second

Cyber, especially ransomware attacks, ranks as the #1 risk for the fifth time in a row for companies of all sizes (42% of responses globally). Artificial Intelligence (AI) is the biggest riser and jumps from #10 to #2 (32%), highlighting the emerging risks for companies in almost all industry sectors. Geopolitical turmoil and uncertainty pushes political risks and violence to its highest-ever position at #7. Level of concern regarding cyber risk and AI higher in the UK than globally. Market developments feature in the top 10 lists for UK businesses for the first time

Posted on Wednesday Jan 14

LMA announces four 2026 priorities

The Lloyd’s Market Association (LMA) has today announced its 2026 priorities, which focus on supporting and growing the Lloyd’s market’s position as a leader in global insurance. The LMA Board has outlined that its priorities for the year ahead will include underwriting, technical expertise, simplification of the market through addressing digitalisation and regulatory issues.
Posted on Tuesday Jan 13

AI reality check amid rapid change in Cyber Insurance

Artificial Intelligence (AI) will continue to dominate boardroom conversations — not just as an enabler, but as a disruptive force that reveals who has embraced disciplined adoption and who risks falling behind, according to a new CyberCube report.
Posted on Tuesday Jan 13

Warning that gold and jewellery thefts spike in January

Thefts of gold and jewellery peak in the month of January, figures from leading insurer Allianz UK reveal. Claims figures between January 2021 and end of 2025, indicate that 10% of all jewellery and gold theft claims occur in January. The most commonly stolen items include watches, jewellery and luxury goods such as designer handbags.
Posted on Thursday Jan 8

Car insurance premiums continue sliding with 13% annual fall

Comprehensive car insurance premiums have fallen by 13% (£111) during the last 12 months with UK motorists now paying £726 on average, according to the latest Confused.com Car Insurance Price Index in association with WTW.
Posted on Wednesday Jan 7

Radical road safety strategy hailed

The AA has welcomed the government’s Road Safety Strategy, which introduces targets for reducing road deaths for the first time in the UK since 2010, with a stated target of reducing death and serious injury on our roads by 65% by 2035.
Posted on Wednesday Jan 7

Consequences of the Los Angeles Area Wildfires

Morningstar DBRS has published a commentary that I think might interest you: "One Year Later: Consequences of the Los Angeles Area Wildfires for the Insurance Sector"
Posted on Tuesday Jan 6

ABI shares cold weather advice for homeowners and drivers

With amber warnings for snow in force across Scotland for the weekend, and cold weather expected across the UK, the ABI is sharing advice with customers to stay safe and protect their homes in low temperatures.
Posted on Monday Jan 5

What drivers crashed into during 2025

AA Accident Assist helped 67,000 drivers following a crash this year. Parked cars, kerbs and car doors feature in the top five things drivers have hit. AA Accident Assist MD recommends New Year’s resolution for all drivers
Posted on Wednesday Dec 31

Reinsurers grow capital following strong returns

Expanded reinsurance capacity available at January 1, 2026, resulted in accelerated softening of pricing across many lines, according to a report issued by Guy Carpenter, a Marsh business (NYSE: MMC) and a leading global risk and reinsurance specialist.
Posted on Monday Dec 29