In 2020, 416 natural catastrophe events resulted in economic losses of £197bn, which was 8% up on the annual average since 2000, according to Aon.
New technology platform By Bits aims to help insurers bring usage-based motor policies to market in a faster and more efficient way.
Intermediary BGL Group has teamed up with insurer parent Markerstudy Group and will manage the entire first notification of loss claims journey for drivers, regardless of fault.
The FCA has told insurers to be quick and transparent in settling BI claims or face the full force of its powers.
UK insurtech Flock has entered into a partnership with insurer Sompo International to support the carrier in providing cover for commercial drone operators.