Report also mentions FinTech as a major threat for established financial institutions.
The Chartered Insurance Institute (CII) and Cicero Group have launched a report stating that a combination of factors has increased political risk for the insurance industry. The document, Disruptive...
However revenue grows to £619.4m and profit drop is blamed on investment and exceptional costs.
Group chief underwriting officer Richard Watson says that insurer hopes to continue to grow alongside broker partners as it develops cyber and SME offering.
The Gibraltar Financial Services Commission states company is insolvent and that it intends to appoint a liquidator.
As Hiscox UK and Europe drives down COR to 79.9% for H1 2016 from 86.8% in 2015.