UK

Insurance Premium Tax increases hitting businesses hard

Insurance Premium Tax upsurge hitting businesses hard

The UK Government made nearly £6 billion in income from Insurance Premium Tax (IPT) for the year 2017/2018 – an increase of up to...
Man pressing buttons smartwatch heart monitor

Accenture finds more people are using wearable health devices than ever

More and more people are turning to technology to help them make positive strides in getting better ways to access care and benefit from...
Sheilas' Wheels motor insurance part of Esure Group

Esure agrees £1.2bn takeover by private equity Bain Capital

Bain Capital snaps up Esure, the insurance firm that owns the Sheilas' Wheels brand, in a £1.2bn takeover deal which suggests further consolidations in...
Man and woman shaking hands in a meeting

New CII Public Trust Index reveals insurers top consumers’ confidence priorities

The Chartered Insurance Institute (CII) has launched a Public Trust Index that provides the industry with much needed insight into key measures of consumers’...
Admiral Insurance Head Office

Admiral shares dip amid capital warning

Car insurance specialist Admiral has recorded a sharp decline in shares after it warned that low interest rates and market volatility following the UK’s...
Direct Asia main street building

Hiscox Group completes sale of Direct Asia Hong Kong

Bermuda-based global specialist insurance group Hiscox has completed the sale of the Hong Kong division of DirectAsia to Well Link Group Holdings Limited, after...
Justice Flaux Court Judgement

UK court of appeal: Drug smuggling not a war risk

The Court of Appeal has released its verdict on the ‘B Atlantic’ case, ruling that vessels involved in drug smuggling are not covered by...
Convention Centre Dublin

Beazley eyeing EU licenses in Dublin after Brexit vote

Almost two months following the United Kingdom’s decision to leave the European Union (EU), London-based insurers are weighing in several options that will enable...
George Osborne red case

BIBA calls for tax break as car premiums hit 6-year high

The British Insurance Brokers Association (BIBA) has called for a tax break for telematics-based insurance products after car premiums reached their highest levels in...
Ageas new Backmeup App

Ageas’ Back Me Up mobile-based insurance targets Millennials

Insurance giant Ageas seeks to transform how Millennials protect their gadgets and other valued possessions with the launch of Back Me Up—a Tinder-inspired mobile...
Financial Conduct Authority (FCA) offices

Towergate fined over failure to protect client money by FCA

Towergate Underwriting Group Limited (Towergate), a UK-based insurance intermediary that holds both client and insurer money, has been fined by the country’s financial watchdog...
Brexit-UK-Leaving-EU

AIG introduces Brexit Insurance

AIG is betting that it can cash in on the political and legal uncertainty created by Brexit. American International Group has added Brexit coverage...
student-loan-debt

Mounting student loans debt creating an economic risk

Each new student loan issued launches another person toward learning, self-discovery and a career. Unfortunately, each new loan also triggers what many observers warn is...
Ikea

Brand reputation – A delicate risk to manage

Giant Swedish box retailer IKEA is voluntarily recalling over 35 million dressers in North America after six children in Canada and the United States...

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