Insurance Day

The Bank of England, Institute and Faculty of Actuaries and the Financial Conduct Authority are all calling for greater resilience against climate change

The increasing frequency and cost of SRCC events has led insurers to reduce their exposure through exclusions and sub-limits, the rating agency said

Eligible clients will receive a 10% premium offset on policies renewing or reaching their anniversary in 2027

Insured losses expected to be in the low billions

Lockton PL Ferrari’s central scenario is that increases will cluster in the 2.5%-5% bracket