The wider insurance market has given a mixed reaction to the UK government’s motor task force, with its industry-led approach questioned, but experts note it is a step forward. The government announced this morning the new task force, supported by industry experts, to tackle what it claimed is “the spiralling costs of car insurance”. Transport … Read more
The institute arm of the Chartered Insurance Institute Group returned to operating profit in 2023 with a £745,000 surplus after three years of red ink. When Covid hit in 2020, the institute posted a £6.63m operating shortfall, trimming this to £1.47m in 2021 and halving the gap to £760,000 in 2022. Operating income for the … Read more
2 min read Last Updated : Oct 14 2024 | 7:28 PM IST Payments major PhonePe on Monday said it has tied up with Bajaj Allianz General Insurance to offer affordable insurance coverage against firecracker-related accidents during Diwali for a limited period. The insurance cover entails a sum insured of Rs 25,000 for … Read more
Broker Expo 2024: Education part of solution to cyber cover confusion – Insurance Age End of drawer navigation content Skip to main content Specialist insurers can provide cyber cover expertise and training to brokers to build confidence, according to experts at the Broker Expo 2024 in Birmingham. Graeme Trudgill, CEO of the British Insurance Brokers’ … Read more
3 min read Last Updated : Oct 13 2024 | 10:38 PM IST State-owned Life Insurance Corporation of India (LIC) has revised the upper limit for purchasing its new endowment plan from 55 years to 50 years, according to a communication reviewed by Business Standard. The revision is effective October 1, 2024, ‘LIC … Read more