Climate change
Heatwave and drought – Swiss Re boss urges adaptation
“Insurance helps households and businesses recover, while pricing risk can inform decisions about where to invest. But it cannot make up for avoidable damage. This can only be achieved through reducing the risk itself through careful adaptation.”
Floods-impacted homeowners hit with 121% premium gap
Homeowners living in properties that have previously been flooded are paying 121% more than the UK average, according to new research.
Cyber remains top business risk but AI rising fast in Allianz Risk Barometer
Cyber incidents created many headlines in 2025 and are still the biggest worry for UK companies in 2026, according to the Allianz Risk Barometer.
Howden replaces Douglas as climate and resilience lead with new impact officer
Howden has appointed Nick Stace OBE to the newly created role of chief global impact officer.
Brokers warned HNW clients more likely to walk than ever if demands not met
The concept of “one size fits all is all but dead” in the private client market, according to Matthew Perkin, trading director, high net worth, art and collections at Hiscox.
Insurance market urged to address subsidence claims skills gap
Claims Consortium Group has called on the insurance industry to invest in initiatives to attract and train talent now to prevent a subsidence claims skills crisis.
ABI calculates subsidence claims topped £150m in H1
Subsidence-related insurance claims totalled £153m in the first half of 2025, the Association of British Insurers has confirmed.
Flood Re posts 20% policy growth to new record but profits down
Flood Re has posted a 43% fall in pre-tax profit to £13.5m as rising reinsurance costs more than outweighed lower claims costs in the year ended 31 March 2025.
Axa’s Walker and Aviva’s Storah tackle monthly payments, flooding and Consumer Duty in parliamentary session
Jon Walker, CEO of Axa Commercial, has highlighted the valuable service of pay monthly options, and urged the government to increase flood defence spending, in a parliamentary session held earlier this week.
ABI hails ‘welcome relief’ of government’s flood defence spending commitment
The Association of British Insurers has welcomed the government committing to spend £7.9bn on flood defences over the next decade.
Flood defence commitment welcomed amid calls for more sustained funding
Insurance industry leaders have welcomed the government’s commitment to flood defence investment in the Spending Review; but cautioned more needs to be done to protect UK homes and the economy.
National brokers lead the way on climate guidance with regional firms lagging
Two-thirds of regional and provincial brokers do not provide any climate-related guidance to clients, according to research by Ecclesiastical, while the same amount (65%) of national brokers do so, Insurance Age can reveal.
Q&A: Criterion managing director Helena Evans
Loss-adjusting boss Helena Evans outlines the latest trends her firm is seeing among high-net-worth customers, assesses the continued prevalence of underinsurance, and suggests how brokers can help combat fraud.
Quarterly weather related claims top £200m for first time – ABI
The Association of British Insurers has found claims for weather-related damage to people’s homes and possessions has hit £226m for the first time ever between January and April.
Brokers play vital educational role on renewable energy risks
Rosie Simms explores the role brokers play in the push for greater renewable energy consumption across the UK.
Insurers and brokers must develop services to help customers understand risks – Neil Galjaard
A panel at the Association of British Insurers annual conference explained SMEs and mid-corporate businesses need education on risk management, with insurers and brokers playing a key role.
More than one in four UK businesses impacted by civil unrest last year, says Gallagher
Over one in four UK businesses were impacted by civil unrest last year, with nearly two-thirds citing a continuation of the problem as a major concern for 2025, according to research by Gallagher.
Flood Re calls on government for £1bn flood defence spending
Flood Re has urged the government to spend at least £1bn a year to keep pace with changing climate risks and ensure the protection of homes and businesses in the UK from the devastation flooding brings.
Lloyd’s CEO Neal to leave for new role at Aon
Lloyd’s has announced that CEO John Neal will be leaving in 2025 to join Aon as its global CEO of reinsurance and global chairman of climate solutions.
Axa Commercial boss Walker targets turnaround time for brokers
Axa Commercial is two thirds of the way through a technology transformation programme, and Commercial CEO Jon Walker is looking to shorten turnaround times in terms of risk appetite.
RSA claims PI first with product aimed at climate professionals
RSA has today launched a professional indemnity product aimed at climate professionals.