The average price of home insurance rose 4% in the fourth quarter of 2023, according to the latest Household Premium Tracker from the Association of British Insurers.
Getting claims paid is not as straightforward as it once was, according to Malcolm Harvey, founder and executive director of Qlaims. Here, he explains a few hacks that might at least help speed up settlements.
Allianz Holding has revealed the impact of the winter weather on its bottom line, as CEO Colm Holmes forecast that the Q3 and Q4 rating hikes would continue into 2023.
Allianz Holdings has posted a 58.3% drop in operating profit to £132.3m for 2022 as its combined operating ratio deteriorated year on year from 93.2% to 99.2%.
The average cost of home insurance dropped to £300 in 2022, the cheapest since the Association of British Insurers started collecting data in 2012.
Increasing weather-related claims and soaring rebuild costs will damage the profitability of UK property insurers this year, according to analytics company Globaldata.
Gallagher has denied breach of duty, but now housing firm has hit back with 'anti-ethical' claim.
Allianz Holdings has posted a drop in profit of 42%, from £170m to £99m for the first half of 2022.
Specialists have highlighted the benefits to brokers of delivering parametric insurance to their clients and warned they will lose out if they do not engage with the fast-expanding offering that is becoming more mainstream.
Flood Re has reported covering 256,634 policies in the year ended 31 March 2022, up 17.7% on the previous 12 months.
Covéa Insurance has reported post-tax profit of £7.9m in 2021 reversing the loss of £30.8m the previous year.
FloodFlash has released 'smart quote' in its biggest update to its broker platform since launching in 2019.
Aviva has posted a 4% rise in UK gross written premiums for the first quarter of 2022 to £1.24bn but a deteriorating combined operating ratio of 99.4%.
The Association of British Insurers has updated that insurers are facing a £497m bill from storms Dudley, Eunice and Franklin which battered the UK in February.
RMS estimates top figure of £3.7bn (€4.5bn) with the UK accounting for around 15% of the total.
Storms Dudley, Eunice, and Franklin could cost UK insurers more than £400m in claims, according to Moodys.
The provider has teamed up with EIS, Amazon Web Services and Willis Towers Watson on a range of initiatives.
Mark Pierce, of Criterion, walks through how brokers can work with adjusters to help HNW clients post-storm damage.
Brokers tell Insurance Age about the way the risk landscape has morphed as a result of climate change and what advice they should be sharing with clients.
Ageas UK CEO, Andy Watson, discusses the issues impacting the provider's 2019 results and recent changes in its broker business.
The AA Insurance Premium Index for Q3 2017 shows a small rise but includes warning that costs could increase if bad weather and IPT bite.