Bank of England says claims inflation will continue to affect every insurer

bank of england

The Bank of England has provided feedback to the market from its review on the effect of claims inflation and whether insurers took recommendations on board.

In a letter sent today to chief actuaries of general insurance firms and Lloyd’s managing agents, the Bank said it can now provide feedback to the market from its recent thematic review across the

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Labour promises to rip up red tape for insurers

Tulip Siddiq, shadow economic secretary to HM Treasury, has promised if the Labour party gets into power she will make sure regulation encourages growth and competitiveness in the insurance industry.

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