News
Laka raises £14.1m in series B round
Laka has raised £14.1m in its series B funding round, following the green mobility insurer securing a £6.5m venture debt facility from HSBC Innovation Banking.
Biba welcomes government’s signposting initiative
The British Insurance Brokers’ Association has welcomed the financial inclusion strategy from government which outlines a total signposting initiative to improve access to insurance.
Aon expects new AI tool to cut claims resolution time by up to 20%
Aon is targeting a 10 to 20% improvement in its claims resolution time in the first year of deployment of its new artificial intelligence claims tool.
‘Modular’ SME policies could be key to fighting underinsurance
Simplified and modular insurance policies could help abate underinsurance in SMEs, according to Hiscox’s group chief underwriting officer Joanne Musselle.
Mutual calls for cash from members following Grenfell fallout
Wren Insurance Association, which specialises in insuring architectural firms, has demanded more money from its members as it continues to struggle with claims relating to the Grenfell tragedy back in 2017.
Allianz to open four broker hubs
As a way to ‘stay relevant’ to brokers, Allianz Commercial’s chief distribution officer Nick Hobbs has revealed the measures the insurer has taken, including plans to open four new broker hubs.
IUA elects chair amid ‘challenging market conditions’
The International Underwriting Association has elected Theo Butt, UK CEO of Convex Insurance, as its next chair.
Alps' Gap product; Westfield partners with Insurwave; Gallagher’s NED
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Regulatory timeframe ‘biggest challenge’ for insurance startups
The regulatory timeframe is the “biggest challenge” for insurance startups, according to PwC partner and InsurStart chairperson Hannah Vaughan.
Aviva demands protection for young drivers as ghost broking surges
Aviva has today demanded tougher enforcement, stronger penalties, and better education to crack down on ghost broking.
AM Best warns protectionism is fragmenting insurance market
Rising protectionism is threatening to reverse years of global insurance market integration and increase costs for international carriers, AM Best has warned.
Allianz to re-platform commercial products over next two years
Allianz Commercial is in the process of moving all its products over to a new platform, chief distribution officer Nick Hobbs has told Insurance Post.
Staysure calls for radical digital overhaul of medical record access
Staysure has called for the building of a digital medical record, taking inspiration from Open Banking, to save GPs 110,000 hours a year.
Insurtech funding stabilising following ‘volatility’
Insurtech funding has showing signs of “maturing and becoming more selective” according to Gallagher Re’s Global InsurTech Report for the third quarter of 2025.
Ex-Esure CEO warns of seismic shift from autonomous cars
David McMillan, former CEO of Esure, has warned that the rise of manufacturer-led insurance and self-driving technology could drastically shrink the UK’s £20bn personal motor market within a decade.
PRA promises to help build ‘internationally competitive’ captives regime
Shoib Khan, director of insurance supervision at the Bank of England, has said the government's upcoming captives regime will endeavour to be “internationally competitive”.
Lloyd's grows fossil fuel premiums
Lloyd’s of London is continuing to grow its fossil fuel business, according to analysis from non-governmental research and campaigning organisation Reclaim Finance.
Admiral reveals progress on pet insurance ambitions
Pritpal Powar, pet director at Admiral, has shared the insurer is “very close” to its goal of becoming a top five pet provider in the UK.
Flood Re CEO confesses scheme ‘failing’ customers on resilience
Flood Re CEO Perry Thomas has said the organisation is “failing” in preparing customers for the resilience needed for the transition to fully risk reflective pricing for flood insurance in 2039.
Compare the Market CEO dismisses ChatGPT taking over PCWs
Compare the Market CEO Mark Bailie has argued the question of Chat GPT taking over from price comparison websites is “fundamentally flawed”.
Best Insurance launches proposition for military veterans
Best Insurance is offering tailored insurance products to Britain’s armed forces veterans.