FCA and PRA committed to driving competition and innovation – Insurance Age End of drawer navigation content Skip to main content The Financial Conduct Authority is looking at what rules can be stripped out following Consumer Duty and if fair value assessments need to be every year. Matt Brewis, director of insurance at the FCA … Read more
Allianz UK has reported a 5.5% rise in gross written premiums last year to £4.66bn with profit surging ahead. The growth has followed topping £4bn of premium for the first time in 2023. Operating profit rose 52% to £367.8m in 2024 as the combined operating ratio improved year-on-year from 96.9% to 95%. In commercial lines, … Read more
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The Managing General Agents’ Association has set out it strategic vision and mission for 2025, focusing on education, amplifying its value to members, and data-driven insights. Alongside the announcement, the MGAA has refreshed its brand identity and launched an updated website. On networking and education, the trade body committed to continue providing members with forums, … Read more
The Association of British Insurers has calculated insurers paid out a record £585m for weather related damage to people’s home and possessions in 2024. The claims followed significant and consistent bad weather including 12 named storms in the 2023/2024 storm season, the most named storms since 2015/2016, the ABI noted. It detailed that claims for … Read more