General Insurance Article

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Commercial property prices softening but for how long

In H1 2025, global insured natural catastrophe losses amounted to $80 billion, making it one of the costliest first half-years on record for insurance companies.
Posted on Monday Sep 15

Warning to drug and drink drivers on insurance impact

Car insurance costs four times as much for convicted drug drivers. Comprehensive policies double in price for those caught drink driving. Drug-driving collisions in Britain rise by 9%
Posted on Monday Sep 15

Broadstone appoint Cormac Bradley as Snr Actuarial Director

Cormac joins Broadstone with almost three decades of experience in the sector. Appointment strengthens Broadstone’s growing capabilities in the non-life insurance market
Posted on Tuesday Sep 9

Holistic approach vital for resilience in risk landscape

Rising natural catastrophe losses underscore the urgency of prevention, mitigation measures, and public-private collaboration. Geopolitical uncertainty and fragmentation risks are impacting the re/insurance market by creating volatility and making risk assessment more complex. Artificial intelligence (AI) will play a key role in further improving risk assessment and underwriting quality. Re/insurance remains a stabilising force in the face of major global disruptions, absorbing shocks and supporting economic recovery.
Posted on Monday Sep 8

Global Specialties Market Update

Strong Specialty market fundamentals present a positive market environment for clients and growth opportunities for reinsurers
Posted on Monday Sep 8

Car insurance premiums drop but on the rise for under 25s

Average quoted premiums drop by 10.5% in the past 12 months but are up 3% in the past three months for under-25s. In July, motorists most commonly received a quote between £250 and £499, Consumer Intelligence data shows.
Posted on Wednesday Sep 3

Insurers facing growing losses from Natural Catastrophes

Modeled non-crop property & casualty losses rose 25 percent compared to 2024, with severe thunderstorms and other frequency perils accounting for two thirds of total potential losses, according to Verisk
Posted on Tuesday Sep 2

Davies names Richard Barke as CEO of Insurance Solutions

Davies, the leading specialist professional services and technology firm serving insurance and highly regulated markets, has announced the promotion of Richard Barke as CEO of its Insurance Solutions division.
Posted on Friday Aug 29

Cyber Insurance is next big product for commercial brokers

UK brokers believe that cyber insurance is the new or emerging commercial insurance product with the most growth potential. Significantly low cyber insurance penetration rates among smaller firms make small and medium-sized enterprises (SMEs) a largely untapped market for growth, according to a survey conducted by GlobalData.
Posted on Friday Aug 29

Incident response planning is a key cybersecurity control

Despite being focused on post-breach activities, cyber incident response planning has emerged as a key cybersecurity control in reducing an organization’s likelihood of experiencing a breach-related claim, according to a new report from the Cyber Risk Intelligence Center (CRIC) of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy, and people.
Posted on Wednesday Aug 27

US GI broker market to hit one and a half trillion dollars

The US general insurance broker market is projected to grow at a compound annual growth rate (CAGR) of 5.9% from an estimated $1.2 trillion in 2024 to $1.5 trillion in 2029, in terms of direct written premiums (DWP), according to GlobalData.
Posted on Tuesday Aug 26

Consumers are open to advice when purchasing insurance

59% of consumers say they would use a comparison site to research non-compulsory insurance products. Among 25–34-year-olds, 14% would consider the opinion of influencers and 10% would use AI tools to research products.

Posted on Friday Aug 22

UK pet insurance costs highest in Europe

Pet-owning Brits are now the most likely in Europe to say their insurance costs are the highest they’ve ever been, with pets getting sick or injured now a major worry for many. Despite the costs, Brits are still the most likely nation to insure their pet’s life over their own, and one in six prepared to forgo other types of insurance to protect their pet. One in five Brits now hold pet insurance, the highest in Europe, reflecting the UK’s reputation as a nation of animal lovers and the recent growing trend of pet ownership. The findings come against a backdrop of rising veterinary costs, inflation and a record increase in claims, with payouts topping £1 billion for the third year in a row.
Posted on Friday Aug 22

Eight to Embark on the top travel insurance tips

The latest data from the ABI highlights the essential role of travel insurance, as its members paid out £472 million across more than 500,000 claims in 2024.
Posted on Friday Aug 22

IPT rakes in extra GBP123m for HMRC

HMRC tax receipts update shows that Insurance Premium Tax (IPT) receipts recorded a total of £1.03 billion in July 2025, an increase of £68 million on the same month last year (£957m).
Posted on Thursday Aug 21

Heading to Reading keep safe and hang onto your essentials

As the UK gears up for a bank holiday weekend of festivals and outdoor events, The AA is urging attendees to drive safely and keep track of their belongings, after a survey* of over 10,000 members found that three quarters (75%) believe car keys are the item most likely to be lost at a festival.
Posted on Wednesday Aug 20

LMA advice on Russian Oil after changes in Oil Price Cap

EU/UK reduce price cap to US$47.60 per barrel. In a first, US diverges, with its price cap to remain at US$60 per barrel. The Lloyd’s Market Association (LMA) today advised insurers to review their exposures to Russian oil in response to upcoming changes to the Oil Price Cap regime for the UK and EU.
Posted on Thursday Aug 14

Car premiums fall but repair and theft costs rev up claims

The latest data from the ABI’s quarterly premium tracker shows that the average cost of motor insurance has fallen by £60 over the past year. For the period April to June 2025, the average premium was £562 - down from £622 in the same quarter of 2024. When adjusted for inflation, the real-terms decrease is even more pronounced, amounting to an £81 drop year-on-year.
Posted on Thursday Aug 14

Car and home insurance premiums fall again in July

The latest General Insurance Price Index from Pearson Ham Group shows that average top-five premiums for both motor and home insurance declined again in July 2025, extending the downward run seen in the first half of the year.

Posted on Wednesday Aug 13

Car insurers boost competition as EV go mainstream

More insurance products are being launched including specific EV policies. Prices are falling but cost of repairs remain an issue.
Posted on Wednesday Aug 13

LMA publish two new model profit commission clauses

The Lloyd’s Market Association (LMA) has published two new model profit commission clauses suitable for use on binding authority agreements across all lines of business. These updates have been produced by the LMA’s Personal Accident Committee and discussed with the delegated authority community.
Posted on Friday Aug 8

Insurance advice for those affected by Storm Floris

If your property has suffered damage as a result of storm force winds: Contact your insurer as soon as possible. Most will have 24-hour emergency helplines to ensure you get advice on what to do and arrange repairs as quickly as is possible.
Posted on Thursday Aug 7

Stay vigilant as theft from person crimes surge

New data shows theft from person crimes rising sharply including a 118% jump in Waltham Forest. With phone snatching and pickpocketing on the rise, insurers like SJL are urging people to check their cover and take precautions.
Posted on Thursday Aug 7

Wildfires and severe thunderstorms drive losses to USD80bn

First half of 2025 second costliest first half-year ever, driven by California wildfires and severe thunderstorms in the US. California wildfires accounted for USD 40 billion of insured losses, highest-ever insured loss from a wildfire event. With both North Atlantic hurricane season and wildfire season in progress, insured losses in 2025 could exceed Swiss Re Institute's projection of USD 150 billion
Posted on Wednesday Aug 6

Most dangerous areas to drive in London

Enfield has been named as the most dangerous London borough to drive in, with residents 8% more likely to be involved in a car accident than the rest of the city, new data from CRIF finds. Drivers based in Waltham Forest and Brent are also among the most likely to have a collision, while the City of London, Kingston upon Thames and Bromley are the safest areas for London’s motorists. Drivers living in higher risk areas could face higher insurance costs – with research showing up to 2.5 million people have driven without insurance due to rising premiums.
Posted on Wednesday Aug 6