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How struggling consumers are committing one-off frauds
With fraudulent claims adding £50 every year to the total cost of household insurance, this article explains how the growing number of policyholders feeling the pinch is resulting in exaggerated claims.
CII’s Groves on bridging the climate expectations gap
Tim Groves, programme development and partnership manager at the Chartered Insurance Institute, considers ways to bridge the gap between the risks insurers are able to cover and those the public think they should cover.
Scale of motor insurance market shrinking laid bare
Mike Powell, insight manager for banking and general insurance at Defaqto, examines why there are now 14% fewer insurance brands selling comprehensive car insurance than there were 10 years ago plus what features have been stripped out of standard policies.
Regulatory compliance & Consumer Duty: Strategies for financial firms
The implementation of the Consumer Duty regulation in July 2023 ushered in a new era of consumer protection in the UK's financial services sector. With full compliance required since July 2024, this whitepaper provides an essential guide for insurance brokers to meet the regulatory requirements.
Electric vehicles and the future of motor insurance
How will the rise of electric vehicles and the FCA’s Consumer Duty affect the car hire and replacement vehicle market? This report sheds light on the key findings from the Insurance Post/Europcar Shifting Gears Motor Survey and how motor insurers can future proof their businesses.
ESG Spotlight: Can SME commercial insurers drive profitable growth with ESG data?
ESG continues to act as a catalyst for change, with its reach having extended to the UK SME sector. In this spotlight, CRIF’s Sara Costantini sheds light on what this means for SME commercial insurers and whether they can use ESG data to better assess risks and create a competitive advantage.
Fixed recoverable costs in low value clinical negligence claims
Pursuant to Sir Rupert Jackson’s proposals from 2017, the civil litigation landscape has recently faced imminent change vis-à-vis fixed recoverable costs, namely, the amount of legal costs that a winning party can recover from a losing party. This article sheds light on the latest developments.
ESG Spotlight: The ESG opportunity for SME brokers
Insurers are waking up to the huge opportunity ESG offers in the SME space – and they need brokers on board. This spotlight highlights the emergence of green products and initiatives, and how forward-thinking brokers can seize new opportunities within the SME space.
Why asbestos should be in the conversations at renewal
Asbestos-related diseases still claim around 5,000 lives annually, and up to 1.5 million UK buildings may contain asbestos. This article highlights the increasing risk to the many contractors not exposed to the height of the asbestos crisis in the 1970s and 1980s.
Underinsurance and indemnity periods: Key considerations for SMEs
Lockdown saw a shift in attitude among small and medium-sized business owners, with more than half reducing insurance cover to cut costs. Even now it remains a challenging market for businesses. This article outlines the key considerations for SMEs regards underinsurance and indemnity periods.