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SolvencyII review EU must unlock capital for Europes future

Insurance Europe welcomes the launch of the European Commission’s consultation on the Level 2 technical measures of the Solvency II review. It is an opportunity to address excessive conservatism and volatility in the prudential framework, unlocking billions in capital to contribute to the EU's goals on competitiveness, sustainability and resilience.
Posted on Friday Jul 18

Are you testing your smoke alarms often enough

Only 6% of residents follow safety recommendations for smoke alarms. More than one in 10 never test their alarms. Forgetfulness is given as the main reason for not testing more often.
Posted on Friday Jul 18

Cost of driving for young drivers falls

Car insurance premiums for drivers aged under 25 have dropped by £640 on average year-on-year from £2,077 to £1,437. Young motorists typically pay £2,524 to drive a car for a year in 2025, compared to £3,202 in 2024. Shopping around ahead of insurance renewal is one of the best ways to see which new deals are available
Posted on Thursday Jul 17

Surge in conflicts and disputes as risk landscape worsens

48% of respondents said they expect an increase in disputes because of difficult economic conditions and a more complex risk landscape. 57% of business leaders said they are actively preparing for investor actions as scrutiny intensifies on their operations. 46% of businesses are reconsidering or changing where they operate in future due to geopolitical risk. Operational risk and people challenges top this year’s list of global business concerns. 45% of those surveyed said they expect to see a jump in employee claims and disputes due to the implementation of return-to-office mandates. 64% of businesses said that rising regulatory and compliance obligations are materially impacting their investment and growth plans for 2025
Posted on Thursday Jul 17

Mapathon puts Worlds vulnerable communities on the Map

The insurance data and analytics team at LexisNexis® Risk Solutions in the United States and Ireland have led a Mapathon in support of Missing Maps, a global humanitarian initiative dedicated to mapping the most vulnerable places on Earth.
Posted on Thursday Jul 17

Comments as the Chancellors new Captives regime is announced

The London Market Group (LMG), LIIBA and IUA welcomes the announcement by Rachel Reeves, Chancellor of the Exchequer that HM Treasury will move ahead with the introduction of a UK regime for captive insurance companies.
Posted on Tuesday Jul 15

Key insights into systemic cyber risk

CyberCube and Munich Re: Joint experts publish report to advance the insurance industry’s understanding of systemic cyber risks. Cybersecurity experts deem widespread malware incidents and severe impact from cloud outage events to be tangible scenarios, judging the effectiveness of mitigation measures.
Posted on Tuesday Jul 15

Insurers adopting AI more for growth and profitability

In this commentary, we provide an overview of key areas of insurance value chain that stand to benefit from artificial intelligence (AI) adoption as well as the risks that insurance companies are exposed to with the adoption of AI.
Posted on Tuesday Jul 15

AND-E advances expertise in autonomous vehicle insurance

Underlining its mission of ‘Every Journey Protected’ - when people move, their journeys should be safe and hassle-free - Aioi Nissay Dowa Europe (AND-E) has recently been involved in a groundbreaking autonomous transport initiative, in partnership with UK-based autonomous vehicle software company, Oxa. By providing bespoke insurance cover in participation with Apollo, AND-E has gained valuable insights into the unique and evolving risks associated with autonomous vehicles, further strengthening its expertise for the future of protected mobility.
Posted on Monday Jul 14

Hurricane losses could surge by 50% under 2°C global warming

MS Amlin has announced a new peer-reviewed study published in the Journal of Catastrophe Risk and Resilience, warning that insured losses from U.S. hurricanes could rise by nearly 50% under a 2°C global warming scenario.
Posted on Monday Jul 14

Does my home insurance policy protect me from heatwaves

Data from the European Environment Agency indicates that extreme weather events such as heatwaves, floods, droughts, and storms are increasing in frequency at an alarming rate. For the first time, weather-related damage to homes and possessions resulted in over £200 million in insurance claims between January and April 2025.
Posted on Monday Jul 14

Enduring impact of charitable Covid19 Support Fund

Five years on from the start of the pandemic, the ABI’s latest report “From Crisis to Impact: What the Covid-19 Support Fund Delivered” has outlined the far-reaching impact of the £104 million raised by the insurance and long-term savings industry’s Covid-19 Support Fund (the Fund).
Posted on Thursday Jul 10

Reinsurance sector elevated insured losses moderates

According to Guy Carpenter despite global economic volatility and insured loss activity nearing $70 billion through the first half of 2025, reinsurance renewal trends seen at January 1 continued including: Strong reinsurer balance sheets driving appetite for growth. Excess property capacity and moderating pricing. Disciplined casualty underwriting. Reinsurer focus on holistic client relationships to grow their portfolios.
Posted on Thursday Jul 10

Global top 20 insurers report average premium growth

The global top 20 publicly listed insurance companies continued to demonstrate robust momentum in 2024, largely fuelled by a higher interest rate environment and significant investment gains resulting from favourable developments in equity markets. This was further supported by the ongoing digital transformation initiatives, strategic expansion into underpenetrated markets, and effective vertical integration strategies.
Posted on Wednesday Jul 9

Update to Fire Safety Reinsurance Facility

Following a positive first year, the insurance industry’s Fire Safety Reinsurance Facility (the Facility) has been expanded so that participating firms can now cover losses up to £75 million.
Posted on Tuesday Jul 8

Porsche drivers GBP74k injury claim derailed by dashcam

A fraudulent personal injury claim worth more than £74,000 has been foiled after dashcam footage revealed that the claimant – who alleged he was injured while sitting in his luxury Porsche – was in fact standing in the bushes at the side of the road at the time of impact.
Posted on Monday Jul 7

Insurance Market Outlook 2025

Against a constantly evolving macro-economic and geo-political landscape, the UK insurance market remained unchanged and buyer-friendly so far in 2025. The softening – decreasing premiums – witnessed across large parts of the market in the second half of 2024 continued. In these favourable conditions, it is important for businesses to consider their overall risk strategy and explore the available opportunities to develop and refine their risk transfer approach.
Posted on Friday Jul 4

57 percent of carriers to raise MGA capacity in next 2 years

Almost half (46%) of insurance carriers said they had increased capacity to MGAs in the past 12 months, according to Clyde & Co’s latest MGA Opinion Report. However, 77% of MGAs say the claims process needs improvement, a concern echoed by 91% of carriers. 46% of MGAs and more than a third (34%) of carriers cite regulation as the biggest barrier to growth for MGAs.
Posted on Thursday Jul 3

GBP800m of claims rejected due to common policy exclusion

£801.8 million worth of home insurance claims made for damages caused by pets rejected. 12.5 million pet owners unaware that pet damage is often excluded from home insurance cover. Thousands of owners may have seen premiums increase after making this mistake.
Posted on Thursday Jul 3

Cyber insurance as a risk mitigating tool

Morningstar DBRS released a commentary about cyber insurance as a risk mitigating tool against enhanced cyber risks affecting corporates, small and medium-size enterprises (SMEs), and banks in Europe.
Posted on Wednesday Jul 2

Car and home insurance premiums continue downward trend

Insurance premiums for both motor and home continued their downward trajectory in Q2 2025, but the latest data from Pearson Ham Group’s General Insurance Price Index points to a changing pace of movement – and a more nuanced pricing environment on the horizon.
Posted on Wednesday Jul 2

Jes Staley ban upheld over relationship with Jeffrey Epstein

The Financial Conduct Authority’s (FCA) decision to ban Jes Staley, former CEO of Barclays, from holding senior management roles in the financial services industry has been upheld by the Upper Tribunal.
Posted on Thursday Jun 26

Do not be left high and dry this summer

Aviva is urging caution as data reveals a correlation between warm weather and fire claims. Number of garden fire claims is already significantly higher in April and May this year, overtaking every other month in 2024. Lightning claims are also increasing. Average claim for fire involving a garden is valued at almost £16,000. Research shows that one in eight (12%) worry about fire safety during hot weather
Posted on Thursday Jun 26

7 California wildfire lessons learnt for European insurers

The devastating January 2025 wildfires in Los Angeles, which destroyed over 16 000 structures and caused insured losses of approximately USD 40 billion, offer critical insights for insurers across the UK and Europe.

Posted on Thursday Jun 26

Call for simplification of EU cybersecurity regulation

Insurance Europe has welcomed the European Commission’s review of the Cybersecurity Act (CSA) and the forthcoming digital omnibus initiative, supporting the objective of simplifying regulation, reducing administrative burdens, and ensuring a proportionate, risk-based approach.
Posted on Thursday Jun 26