General Insurance Article

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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

Home insurers set for profit in 2025 losses likely in 2026

UK home insurers are set to finish 2025 with a slight profit, delivering a Net Combined Ratio (NCR) of 98%. Yet home insurers are expected to swing to a loss in 2026, with the NCR forecast to reach 102.1% by the end of next year; Home insurance premiums paid by customers are set to drop to an average of £326 in 2025, down from £329 in 2024 amid a falling claims environment. Premiums are expected to fall further in 2026 to an average of £306 – an almost 7% drop compared to 2025, as a result of increasing competition.
Posted on Tuesday Dec 23

AI, cyber insurance and climate change key to 2026 insurance

Artificial intelligence (AI), cyber insurance, and climate change/natural catastrophes are the three themes that will have the biggest impact on insurance in 2026, according to the annual predictions from GlobalData, a leading intelligence and productivity platform.
Posted on Monday Dec 22

Employers ill prepared for risks of overseas assignments

Employers are ill-prepared for the wide range of risks of sending employees overseas, according to the international experts at Towergate Employee Benefits. With 79% of UK companies stating they have relocated employees abroad1, the issue is wide-reaching. Knowing where and how to provide support is the key to the health and wellbeing of employees and their assignments overseas.
Posted on Monday Dec 22

IPT continues upward trend and set for record annual haul

Latest HMRC data shows that IPT has raised £6.78 billion in the first eight months of the 2025/26 financial year (April–November), following November’s contribution of £1.258 billion. This represents an increase of £125 million compared to the same period last year (£6.65 billion in 2024/25), which ultimately delivered a record annual total of £8.88 billion.
Posted on Friday Dec 19

FCA expands insurance work in reply to Which super complaint

The FCA are expanding the significant work we had planned to improve standards in the home and travel insurance markets, following Which?’s super complaint. While 79% of consumers who make an insurance claim are satisfied with how it was handled, our work shows there’s room for improvement - with 3 in 10 saying there isn’t enough information to judge the quality of different policies.
Posted on Thursday Dec 18

6th year insured natural catastrophe losses exceed $100bn

2025 insured losses from natural catastrophes set to reach USD 107 billion, mainly driven by LA wildfires and severe convective storms in the US. LA wildfires costliest ever wildfire event globally with insured losses of USD 40 billion. Hurricane Melissa costliest hurricane of 2025 with estimated insured losses of up to USD 2.5 billion in otherwise benign season
Posted on Wednesday Dec 17

Pet insurance is getting harder for customers to navigate

The rapid expansion of choice in the UK pet insurance market is making it harder, not easier, for consumers to understand what they are buying, according to new research from Consumer Intelligence.
Posted on Tuesday Dec 16

Motor Insurance Taskforce Report

The Department for Transport and HM Treasury today published the Final Report and Actions from its Motor Insurance Taskforce.
Posted on Wednesday Dec 10

Comments as the FCA confirm changes to simplify rules

Broadstone and The LMA comment as the FCA confirm changes to simplify its rules and lower costs for insurers, while maintaining appropriate levels of protection for smaller commercial customers. The final rules aim to give more flexibility and responsibility to insurance firms, such as determining the frequency of their product reviews and how much continual professional development (CPD) staff should undertake.
Posted on Tuesday Dec 9

FCA simplifies insurance rules and plans further reviews

The Financial Conduct Authority (FCA) has confirmed changes to simplify its rules and lower costs for insurers, while maintaining appropriate levels of protection for smaller commercial customers.
Posted on Tuesday Dec 9

Actuaries growing role in climate change and sustainability

The latest thematic review report from the Institute and Faculty of Actuaries (IFoA) shows that over 80% of respondents believe that actuarial involvement in climate and sustainability work has increased in recent years.
Posted on Monday Dec 8

2026 to be a decisive year for cloud computing in insurance

Driven by a trend towards tangible AI solutions, insurers will make significant progress in implementing cloud and cloud-based solutions, highlights the Sollers Predictions Report 2026.
Posted on Thursday Dec 4

FCA helps firms to test AI safely

The Financial Conduct Authority (FCA) is working with major firms to test Artificial Intelligence (AI) in a safe place to better understand the potential benefits and risks.
Posted on Wednesday Dec 3

Nudges not breakthroughs at COP30 as diplomacy dominates

Shortfalls reinforced need for structural shift toward deeper decarbonisation and more resilient systems, says Rathbones Greenbank’s Nicola Day‘. Concerns persist over weakened language and unclear finance’
Posted on Wednesday Dec 3

Over 65s prioritise spending on travel over grandchildren

Research commissioned by Co-op Insurance found that almost 4.5 million (35%) senior citizens prioritise spending on travel over their children or grandchildren. This appears to be fuelled by regrets of not travelling more in their youth, with two thirds (67%) admitting to this.
Posted on Wednesday Dec 3