UK insurers consider premium rises as flood losses mount Major UK insurers are actively reviewing household and commercial property premiums following a series of costly flood claims, a move reported by Business Daily Africa on 9 March 2026. The reassessment, which is now underway, directly affects millions of UK homeowners...
FCA Scrutiny of AI Insurance Sales Under Consumer Duty
FCA consumer duty scrutiny looms over AI insurance distribution The Financial Conduct Authority (FCA) is expected to intensify its scrutiny of artificial intelligence (AI) tools used to sell insurance products, according to analysis published by Insurance Times on 26 February 2026. The report highlights that generative AI platforms, such as...
UK Home Insurance Excesses Hit £4,000 in New Low-Cost Policies
UK home insurance market sees surge in high-excess policies An investigation by The Times has revealed a significant shift in the UK home insurance market, where many of the cheapest policies now carry excesses so high that making a claim may not be financially worthwhile for homeowners. The report, published...