Reputation of insurers to take a hit as no cover provided for damage to perishable goods at the UK/EU border
Since the UK voted to leave the European Union in 2016, there has been public recognition that border delays and…
25 Jan 2021
Another difficult year ahead for the UK’s travel insurance industry as COVID-19 restrictions continue
The travel industry in the UK has been one of the worst hit by the outbreak of the COVID-19 virus, driving travel insurance policies down. The outlook for 2021 looks…
25 Jan 2021
Income protection market looks set for a positive year as COVID-19 sparks interest
The COVID-19 pandemic has led many consumers to reassess their financial situation. In some cases, vulnerabilities have been spotted, causing them to seek out the relevant protection insurance, with the…
22 Jan 2021
UK insurtechs need to build awareness of their products among consumers
While insurtechs generally offer more innovative insurance products than incumbents, capturing customers from existing players is always difficult. The majority of UK consumers, especially older ones, have not heard of…
20 Jan 2021
Low home insurance uptake among renters leaves them vulnerable to unexpected costs
The English private rented sector has doubled in size since the early 2000s, according to the English Housing Survey, accounting for 19% of households in 2019–20. But renters are much…
19 Jan 2021
18 Jan 2021
Digital payment platforms offer insurers the potential to reach a large customer base effortlessly
With the advent of digitisation, customers are increasingly seeking to purchase insurance directly, bypassing intermediaries. More online sales are being completed using smartphones, which is generating greater interest in digital…
18 Jan 2021
Life and health products will benefit most from COVID-19
The life and health insurance markets will see the most positive impact from the COVID-19 pandemic, according to a GlobalData poll. The pandemic has caused major disruption to a myriad…
15 Jan 2021