Covid pushes home premiums down according to analysis from Consumer Intelligence.
Regulator releases policy statement with updates and clarifications to its GI pricing rules following feedback, but highlights that the changes do not affect its desired outcomes.
The broker has opened a 30-day consultation as it prepares to transfer some of its business to owner A-Plan.
COR improved to 75.2%, while its lockdown rebate cost the provider £21.1m during the six-month period.
The insurer also delivered a 30% increased profit after tax for the first half of 2021.
Provider says it has seen premium reductions in motor due to Covid restrictions as GWP slips slightly to £481m.
Newly appointed CEO, Liz Latter, tells Insurance Age about the company's new personal lines offering and how MGAs and brokers can work together to support customers.
Investors have given the tech-led premium finance provider a cash injection in a move that sees it set to challenge Close Brothers and Premium Credit for a top three position in the UK.
The watchdog, which announced new rules earlier this year, is canvassing brokers about their readiness to implement the remedies.
The MGA said the claims product could be offered as ancillary cover by personal lines brokers or embedded into a home policy wording.
The regulator says LBGI sent renewal communications including misleading language between 2009 and 2017.
Ageas's Ant Middle and Adam Beckett discuss the provider's strategy change in response to shifts in customer behaviour, and the FCA's dual pricing ban, as the insurer aims to hit £1.5bn in GWP.
Biba has stated that the scheme offers comprehensive cover, including unlimited buildings cover and £80,000 of contents cover with a single unspecified item limit of £5,000.
Provider says general insurance fraud escalated during the pandemic as it predicts recessionary factors caused by Covid-19 have "created the biggest fraud threat to customers in a generation".
While insurance experts have welcomed the regulator's new rules on pricing, coming into force in January 2022, some warn that the reforms will present challenges for the sector.
The regulator has said that the new rules on pricing, auto-renewal and data reporting remedies come into effect on 1 January 2022.
The broker has said it plans to open four more branches in the next six months.
The product offers cover for standard and non-standard risks for all types of properties and is now available to Open GI's broker customers.
The generational divide is a key finding of a survey which insurtech Getsafe conducted among 2,069 British citizens.
Staff costs made up most of the total spend as the FCA also reveals it received 101 responses to its consultation paper outlining proposed remedies, which included a ban on dual pricing practices.
One year after launching its first product in the UK, Getsafe CEO Christian Wiens tells Insurance Age about the insurtech's expansion plans.
The company has chosen to team up with Wakam, deeming it “a more flexible European capacity provider.”
The regulator's plan to ban the loyalty penalty is met with approval from the industry, but some criticise the FCA's approach as firms still do not know what the final rules are.
The insurance startup company, which is known for its gadget insurance, is now offering its customers home insurance as well.