News
Ageas’ Middle on using AI to make insurance accessible
The challenge and “exciting” opportunity for personal lines insurance will be using artificial intelligence to make coverage more accessible, said Ageas UK’s CEO Ant Middle.
Close Brothers to ‘double down’ on commercial insurance
Close Brothers Premium Finance plans to “double down” on commercial insurance as part of its strategy to 2030, following its decision to withdraw from high-volume, aggregator-led personal lines business.
UK motor insurance shopping jumps, but switch rates steady
UK motor insurance shopping peaked in the first half of 2026, with an average of 403,000 consumers shopping every day between January and June, according to LexisNexis Risk Solutions.
Property claims average hits £10,000 amid subsidence surge
The average property insurance claim hit £10,000 in the third quarter of 2026, due to rising repair costs and extreme weather, which drove up claims severity, according to the Association of British Insurers.
Aviva’s Dave Martin named PIB CEO
Aviva’s chief distribution officer, and managing director of commercial, Dave Martin, has been named CEO Of PIB Group.
Marine insurance claims handler jailed for £3.4m fraud
A former marine insurance claims handler has been jailed for seven and a half years after pocketing millions in fraudulent insurance claims.
New safety ratings proposed for young driver car insurance
A new study will explore whether a safety rating system for motor insurance could help encourage safer driving for young drivers.
Aggregator boss to lead review of NHS productivity and AI
Compare the Market CEO Mark Bailie is set to lead an independent review of NHS productivity and the potential for artificial intelligence to help improve healthcare services.
Amazon on how insurers can get out of pilot purgatory
Insurers looking to move beyond proof-of-concept pilots must focus on customer problems, matching AI tools to specific tasks and establish clear guardrails, according to Terry Buechner, global head of insurance core system modernisation at Amazon Web…
How should the insurance industry respond to sexual harassment law change?
As workplace sexual harassment laws are made stricter across the whole country, Séamus O’Hanlon asks if the insurance sector is prepared and if its culture has learned from previous systemic misconduct.
Tesco launch; Allianz products; Arkel new boss
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
John Lewis Money hires former Co-op Insurance boss
Former Co-op Insurance managing director Charles Offord has been hired by John Lewis Money as director of financial services, as the business looks to develop its broker model for credit and insurance.
Tokio Marine HCCI launches humanoid robot coverage
Tokio Marine HCC International and broker Adrian Flux are launching what they describe as the UK’s first domestic humanoid robot household insurance policy.
OpenAI reveals ‘strength and depth’ of security insurers need
Viyat Bhalodia, a member of the technical staff at ChatGPT creator OpenAI, has outlined the security controls insurers need when using artificial intelligence agents.
Insurance sector responds to 2026 Budget
John Healey has delivered his first Budget as Chancellor of the Exchequer today (28 October), bringing in a range of changes for SMEs and UK businesses, but notably failed to act on Insurance Premium Tax rates.
Zurich’s Matthias says EU climate alliance is a ‘shared priority’
The European Union will establish a Climate Insurance Alliance, which will deliver actions to narrow the climate protection gap as Zurich’s Resilience Solutions’ global head, Robin Matthias, said the scheme was an opportunity for public-private co…
Lloyds Bank picks Superscript for SME insurance
Lloyds Banking Group has selected digital insurance broker Superscript to provide business insurance to its small business customers.
Guidewire eyes AI agents as consumers of platform
Guidewire is “starting to think about AI agents as sort of first-party consumers of this platform,” according to CEO Mike Rosenbaum.
Guidewire pays £1.2bn for Hyperexponential
Guidewire is set to buy Hyperexponential for $1.7bn (£1.27bn), with $400m (£300.05m) more payable if recurring revenue targets are hit, as it looks to ‘define’ the use of artificial intelligence in underwriting.
Only 1 in 10 insurers prioritises knowledge-transfer programmes
The insurance industry could risk losing decades of expertise as experienced professionals retire without properly passing on vital knowledge to the next generation.
Pothole claims rise 25%
Motor insurers continue to face pressure from rising vehicle repair costs, after reports found a 25% year-on-year increase in pothole-related claims despite government funding.
Wakam acquired by AmTrust International after ban
AmTrust International has acquired Wakam as the two insurers said the enjoinment will lead to expansion into “new niche products and geographies”.
Aon Re’s UK CEO Andrew Laing passes away
Andrew Laing, CEO of reinsurance for the UK and chairman of global facultative for Aon, has passed away.
Fraudster fails to pull wool over Ifed’s eyes
City of London Police’s Insurance Fraud Enforcement Department is investigating suspected fraudulent insurance claims over the alleged theft of more than 650 sheep.