Home insurance
Home insurance premiums fall 6.4% off their June 2020 peak
Covid pushes home premiums down according to analysis from Consumer Intelligence.
FCA updates dual pricing rules
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.
Endsleigh confirms redundancy consultation
The broker has opened a 30-day consultation as it prepares to transfer some of its business to owner A-Plan.
Admiral profit soars by 76% in first half of 2021
COR improved to 75.2%, while its lockdown rebate cost the provider £21.1m during the six-month period.
Ageas reports COR of 96%
The insurer also delivered a 30% increased profit after tax for the first half of 2021.
Hastings profit hits £76m
Provider says it has seen premium reductions in motor due to Covid restrictions as GWP slips slightly to £481m.
Qlaims targets further growth after expansion into personal lines
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.
PremFina gears for growth with investment in tens of millions
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.
Firms must respond to FCA pricing reform survey by 9 August
The watchdog, which announced new rules earlier this year, is canvassing brokers about their readiness to implement the remedies.
Qlaims moves into personal lines
The MGA said the claims product could be offered as ancillary cover by personal lines brokers or embedded into a home policy wording.
FCA fines Lloyds Bank £90.7m for failings in home insurance renewal letters
The regulator says LBGI sent renewal communications including misleading language between 2009 and 2017.
UK boss Middle lifts lid on Ageas's restructure and job cuts
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 launches home insurance scheme
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.
Ghost broking remains "significant threat", warns Aviva
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".
Industry warned of "bumpy ride" ahead after FCA confirms dual pricing ban
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.
FCA wraps up rules on dual pricing ban
The regulator has said that the new rules on pricing, auto-renewal and data reporting remedies come into effect on 1 January 2022.
A-Plan opens branch in Haywards Heath
The broker has said it plans to open four more branches in the next six months.
Open GI partners with Arkel on home product
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.
Millennials failing to buy contents cover
The generational divide is a key finding of a survey which insurtech Getsafe conducted among 2,069 British citizens.
FCA spent nearly £4m on dual pricing market study
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.
Getsafe targets becoming the go-to brand for UK millennials
One year after launching its first product in the UK, Getsafe CEO Christian Wiens tells Insurance Age about the insurtech's expansion plans.
Getsafe and Hiscox end contents insurance partnership
The company has chosen to team up with Wakam, deeming it “a more flexible European capacity provider.”
Call for clarity on final rules amid FCA dual pricing extension
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.
Insurtech So-Sure expands into home insurance
The insurance startup company, which is known for its gadget insurance, is now offering its customers home insurance as well.