The UK's economic secretary to the Treasury has outlined plans to “slash bureaucracy” by relaxing Solvency II insurance regulation, potentially unlocking growth and billions of pounds of investment in infrastructure.
A total of 17 million UK drivers let their car insurance renew automatically last year, overpaying a collective £830m as a result, analysis by MoneySuperMarket has uncovered.
Last year was the fourth-busiest for mergers and acquisitions (M&A) within the global insurance industry, with the pandemic encouraging companies to seek alternative routes to growth.
Reforms to Solvency II being explored by the Prudential Regulation Authority (PRA) risk increased volatility and a material reduction in funds held by UK insurers to withstand shocks, new analysis suggests.
The Institute and Faculty of Actuaries (IFoA) has urged the UK government to support individual financial resilience as part of its 'levelling-up' agenda over the next decade.
Applying machine learning techniques to electronic health records could revolutionise healthcare and insurance, say Atreyee Bhattacharyya and Kanishka Jindal
The cost of comprehensive car insurance in the UK fell by 6% last year due to intense competition between insurers and fewer journeys taken during lockdowns.