News
ABI PUTS FEBRUARY STORM PAYOUTS AT £500M
The Association of British Insurers estimates a total of £473m and 169,500 claims in property damages have resulted from UK storms Dudley, Eunice and Franklin in February 2022. This Insurance Age article shows the importance of and how insurance brokers can help during natural emergencies and disasters.
(Insurance Age - April 2022)
CII PRESIDENT ON WHY INSURANCE CUSTOMERS NEED BROKERS MORE THAN EVER
"As president of the Chartered Insurance Institute (CII) and group CEO of Aston Lark, Peter Blanc (pictured) has something of a bird’s-eye-view of the UK insurance market – a view that lends itself well to forecasting what the future has to hold for insurance professionals.
“It has been an interesting few years because, as we’ve moved more and more online with so many activities, I’m a bit worried that insurance hasn’t quite found its proper niche yet,” he said. “There’s lots of insurance being sold online where it’s questionable whether the quality of the product is quite as it should be. Of course, one of the big problems with insurance is that you never quite know how good the product is until the point of claim. And the point of claim is far too late to be finding out you bought something that wasn’t quite right.”
(Insurance Business UK - February 2022)