Tax
UK insurance industry paid out £55bn in 2017
Sector also made a contribution to the UK economy worth £29.5bn and paid close to £12bn in taxes, according to the ABI.
The Blog Spot: Why #20Now for IPT might not be the only broker issue of the Budget
Ah, the pre-Budget blog. Where nothing is wrong and nothing is right because it’s all ifs, buts and maybes in the exciting game of “imagine if”.
Turnover up and profits surge for MCE in 2017
Broker posted £6.7m turnover increase, pre-tax profit growth of £11.2m and noted it is awaiting the outcome of a tax dispute with HMRC.
ABI calls for IPT freeze in Autumn Statement
ABI warned that any further IPT hike could result in some people reducing or dropping their insurance cover completely.
Market takes stock of Brexit vote
Calm called for as insurers insist it will be "business as usual" and Biba pledges to represent brokers in Brexit negotiations.
Why insurers set up in Gibraltar
Gibraltar is subject to the same rules as everywhere else in Europe. Kathryn Morgan explains why insurers really flock to the British Overseas Territory
Editor’s letter: April 2016
“That would be to utterly miss the point. It still went up and deserved challenging”
Broking break: Risky Business
Our cartoon uncovers what's really going through the taxman's head
Market dismayed by further IPT increase
Brokers describe tax rise to 10% as a “slap in the face” but support increased funding for flood defences
IPT increase to come into effect in October this year
Tax rises earmarked to help with flood defences despite government pledging last year that there were no plans for a further rate rise.
Una survey finds upcoming IPT hike already hitting buying patterns
Research also reveals almost half of consumers remain unaware of November’s tax rise.
Surprise hike in IPT sparks concern
Industry reacts to George Osborne’s Budget announcement to increase Insurance Premium Tax
Where will the cost of the IPT rate hike really end up?
David Coupe, partner at EC3\Legal, counts the cost of the insurance premium tax rise.
Brokers face tax on lead generation
Taxman’s decision to impose VAT on online and marketing services by IARs could cost industry
Flood levy could add 10% to home insurance premiums
The environment secretary, Caroline Spelman, has proposed adding a levy to all home insurance policies in order to raise enough money to cover damage in the aftermath of severe flooding.
Insurers' tax contribution greater than entire Home Office budget
The insurance industry made a total contribution of £10.4bn to the Exchequer a report from the Association of British Insurers (ABI) and PWC has revealed.
Swinglehurst's accounts in lockdown
Lloyd’s insurer Swinglehurst has reportedly had its company accounts frozen after running into tax diffculties.
Review: Cover your legal expenses
This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits.
Reportage: Facing up to networks
With networks increasing in popularity, Emmanuel Kenning recounts their development and looks to the future of this crucial market sector.
Few early surprises in Chancellor’s 2011 Budget
Chancellor George Osborne has delivered his ‘Budget for growth’ which at first glance appeared to hold no nasty surprises for brokers.
'Ghost brokers' charged with motor insurance fraud
Three individuals - a man and woman from Kent and a man from west London - have been charged with motor insurance fraud, tax fraud and money laundering with offences totalling £500,000.
2010 review: A year of living cautiously
The economy grew, rival political parties unexpectedly started working together and personal lines rates even hardened, although plenty of surprises and setbacks meant that 2010 was far from plain sailing, writes Andrew Tjaardstra.
News Analysis - Ireland bailout: Ireland on the brink as UK exposures rocket
The bond markets continued to punish Ireland as fears of contagion spread in the Eurozone, writes Andrew Tjaardstra.
News Analysis - Conferences: Prime Minister announces £200m university and enterprise link
This year's Chartered Management Institute and Confederations of Business Industry conferences pulled in the big hitters as business leaders attended to work out how best to plan for the period of austerity ahead.