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Home and Motor insurance set to unlock £500m annually

Capturing these productivity gains could lead to a fall in insurer’s aggregate administrative expense ratio from 10.3% to 8.7% by 2030. Net earned premiums for home and motor insurers are projected to have a compound annual growth rate of 2.5%, increasing from £22.8b to £26.4b by 2030. Average combined premiums for home and motor fell 4.3% year on year, from £916 in Q1 2025 to £877 in Q1 2026, according to ABI data, while insurers continued to face rising costs.
Posted on Friday Oct 2

The £300 mistake drivers could make when borrowing a car

September is peak season for borrowing, lending, and hiring cars, yet many UK drivers do this without realising they’re uninsured, according to Go.Compare. Back-to-school season and vehicle repairs have seen a spike in temporary car insurance searches, but many drivers don't know the product even exists.
Posted on Friday Oct 2

$100 tn of investment hangs on choice made under uncertainty

Strategic decisions are becoming harder to execute because the conditions required to deliver them are changing at the same time, according to the latest research by Willis, a WTW business (NASDAQ: WTW).
Posted on Wednesday Sep 30

Car insurance premiums stay steady over the year

Comprehensive car insurance premiums fell by 1% (£6) during the last three months (1) with UK motorists now paying £713 on average, according to the latest Confused.com Car Insurance Price Index in association with WTW.
Posted on Wednesday Sep 23

FCA and partners join forces to improve financial security

The FCA is partnering across sectors to expand protection insurance coverage for millions of unprotected people. While the market is working well for consumers who have protection insurance, millions of people remain unprotected.
Posted on Monday Sep 21

Industry making strong progress on £100 bn growth pledge

The insurance and long-term savings sector is over a fifth of the way towards its commitment to invest £100 billion in UK productive assets across the next decade, with the latest figures confirming progress of £22.8 billion since 2024. The update report published today by the ABI shows £11.5 billion was invested across 2025.
Posted on Friday Sep 18

Is the 2025 to 2026 Windstorm Season the New Normal?

The 2025 to 2026 winter season was characterised by a succession of storms affecting different regions of Europe.
Posted on Friday Sep 18

100 years after the Great Miami Hurricane

A Category 5 hurricane making landfall in Miami or Tampa Bay could generate insured losses of USD 300 billion or more which would be larger than any recorded single-event insured loss to date. A repeat of the 1926 Great Miami Hurricane, a Category 4 storm, could cause around USD 200 billion in insured losses today. Hurricane Andrew following its 1992 track today could generate insured losses close to USD 100 billion, showing how a roughly 20-mile difference in landfall can dramatically change the outcome.
Posted on Wednesday Sep 16

Digital health accelerates AI adoption

The global digital health and wellness firms across Asia are facing slowing growth while at the same time accelerating investment in AI-powered patient care. As organisations integrate AI across their operations, accountability, governance, workforce competency and cyber resilience are emerging as critical challenges. These findings come from Beazley’s latest Digital Health & Wellness 2026 report, based on a survey of 600 executives across Asia, Europe and North America.
Posted on Thursday Sep 10

Terrorism Insurance: 25 Years After September 11

Morningstar DBRS commentary discusses how terrorism insurance backstops have evolved since the September 11 attacks that disrupted the insurance industry and prompted government intervention.
Posted on Wednesday Sep 9

Comment on artwork worth £8m stolen from Renoir museum

Commenting on the story that two thieves broke into the Renoir museum on the French Riviera early this morning, stealing four works of art, Mark Benbow, Head of Fine Art & Specie at Westfield Specialty International, said: "Incidents such as this serve as a reminder that world-renowned artworks remain highly attractive targets for organised criminals because they concentrate significant value into a relatively portable asset.
Posted on Tuesday Sep 8

When water becomes the constraint

TT Club is urging logistics providers, ports, terminals and cargo owners to treat recurring drought and low-water restrictions as a business continuity risk, rather than an occasional environmental disruption.
Posted on Tuesday Sep 8

IKEAs POS home insurance threatens insurers legacy channels

IKEA UK customers will be offered home insurance at the point of sale (POS) when purchasing the retailer’s products through its partnership with Urban Jungle. The shift toward embedding insurance products alongside other products poses an immediate threat to incumbent insurers stuck using legacy channels, says GlobalData, a leading intelligence and productivity platform.
Posted on Friday Aug 28

£1.28bn payment fraud bill shows importance of 159 service

Cyber insurance experts question whether most employees would know what 159 is and when to use it. 159, the UK's dedicated telephone number for helping people to safely contact their bank when they suspect financial fraud, has received more than one million calls, but cyber insurance experts at Everywhen are asking whether enough businesses and their employees know what these three numbers mean and when to use them.
Posted on Wednesday Aug 26

Preparing for unprecedented El Niño this autumn and winter

With the Met Office predicting increased rain and storms due to the ‘largest’ El Niño weather event seen in a century, the ABI is urging people to use the upcoming Bank Holiday weekend to check their homes and make sure they’re prepared for bad weather this autumn and winter.
Posted on Monday Aug 24

The Summer of 2026: Heatwaves, Wildfires and Droughts

This summer has shown how weather extremes can stack up, cause damage, and disrupt economic activity. Extreme heat in most of Europe has been accompanied by very dry conditions. Below-average rainfall has led to widespread dryness that, together with successive heatwaves, has intensified drought across Europe.
Posted on Monday Aug 24

A path to stronger cyber resilience

As a new report from the ABI and PwC UK highlights how cyber insurance can further strengthen the UK's resilience to cyber risk, the ABI has also issued new guidance to help organisations better protect themselves against escalating and evolving cyber threats.
Posted on Friday Aug 21

Airport anxiety searches up 250% what to check before flying

More than a quarter of Brits have already changed their holiday plans this year, but for the millions travelling this bank holiday knowing what your travel insurance covers could be the most practical antidote. Searches for 'airport anxiety' have surged 250% in the past three months, and recent research from Go.Compare suggests the worry is well founded.
Posted on Thursday Aug 20

1 in 7 drivers uninsured due to out of date addresses

Aviva research reveals 15% of drivers surveyed don’t think they need to tell their insurer of a change of address. Mistakes could leave millions of UK drivers potentially uninsured. With more than seven in ten (71%) drivers unsure about key aspects of car insurance, Aviva debunks common car insurance myths, from failing to update personal details to a change in estimated annual mileage
Posted on Wednesday Aug 19

AI overtakes traditional concerns as the biggest PI risk

Artificial intelligence mistakes have emerged as the biggest Professional Indemnity risk facing businesses, as new research suggests the rapid adoption of technology is fundamentally changing the professional liability landscape.
Posted on Wednesday Aug 19

7 in 10 insurance flood claims linked to flash flooding

As the U.K. experiences another cycle of extreme heat during the summer months, and with sudden thunderstorms and heavy rainfall remaining a seasonal risk, LexisNexis® Risk Solutions, the data, advanced analytics and technology provider to the insurance market, has uncovered a unique picture of home insurance flood claims and flash flooding risk linked to surface water flooding, typically caused by sudden downpours in urban areas.
Posted on Wednesday Aug 19

AI drives 36% surge in disclosed vulnerabilities

Beazley Security’s Q2 2026 Quarterly Threat Report finds agentic AI reshaping vulnerability research far faster than it is changing how attackers break in. Disclosed vulnerabilities increased 36% in Q2, while confirmed exploitations in the wild only grew 10%. Compromised credentials remained the leading initial access vector, accounting for 67% of ransomware intrusions investigated by Beazley Security. Beazley Security Labs issued 40% more critical zero-day advisories to clients than in the previous quarter
Posted on Tuesday Aug 18

Wildfires pressurize insurers as climate risks intensify

European insurers face mounting losses as severe wildfires sweep across France, Spain and Greece, exposing the narrow margins in high-risk property coverage. France’s 2024 fire and hazard insurance data show how quickly claims can approach premiums, raising concerns over insurers’ capacity to absorb escalating climate-related losses and maintain coverage in increasingly vulnerable regions, reveals GlobalData, a leading intelligence and productivity platform.
Posted on Monday Aug 17

CEO banned for falsifying files trying to buy football club

Paul Taylor, former CEO of Blue Horizon Asset Management (BHAM), has been fined £489,000 and banned from working in financial services by the Financial Conduct Authority (FCA). The former managing director of the firm, Esmeralda Toni, has also been fined £121,200 for serious misconduct and banned by the FCA.
Posted on Friday Aug 14

Renting rooms this summer may invalidate your home insurance

The UK saw guest nights, the number of nights spent in a short-term let, rise to 14,143,560 in August last year - 14% of the year's total. In 2025, nearly a quarter (24.4%) of guest nights were concentrated in just nine of UK local authorities. The top three locations for guest nights were Westminster, City of Edinburgh and Kensington and Chelsea.
Posted on Friday Aug 14