Insurance news in the UK

An overview of news, trends and research in the Insurance industry in the UK:

Motor insurance premiums set to rise as insurers face new cost pressures With profits close to £2 billion in 2025, the motor insurance market enjoyed a year of over-performance – as cut-rate premiums were offset by a decline in major claims.
10 June 2026
WTW launches parametric flood risk policy to protect UK race courses WTW business Willis has announced a new sensor-based parametric insurance solution for UK race courses.
15 May 2026
Davies’ Keoghs shortlisted at British Insurance Awards Davies company Keoghs has been nominated for a top prize at the British Insurance Awards. The firm is shortlisted for the Insurance Collaboration Award for its work with insurance giant AXA.
05 May 2026
Financial services firms find siloed data standing in the way of AI rollout New research, based on interviews with 400 senior executives across major financial institutions, has found that as the sector tries to scale its AI implementation, siloed data is the biggest barrier
19 March 2026
Synechron launches AI Agents suite to automate workflows in financial services Synechron, a global consulting firm dedicated to the financial services sector, has launched Synechron Agentic – a portfolio of AI agents built for complex, regulated workflows.
27 January 2026
UK headquartered Oxbow Partners launches in New York London-based insurance consultancy Oxbow Partners has launched its first presence in the US.
19 January 2026
TCS powers Aviva UK expansion with BaNCS Leading insurance provider Aviva has strengthened its long-term partnership with Tata Consultancy Services. The move entrusts the IT service provider’s financial services platform with more than 6.
23 December 2025
Barnett Waddingham bolsters Scottish presence with Edinburgh office Barnett Waddingham has launched a new office in Edinburgh.
12 December 2025
Capco and Yarowa announce partnership for AI-based insurance solutions Fintech Yarowa has announced a partnership with Capco. The consultancy will work with Yarowa to support clients to use the firm’s insurance technology, and manage third-part service providers.
27 November 2025
Four steps financial institutions can take to rebalance their transformation portfolios Financial services institutions often juggle ambitious transformation programmes while keeping core operations running smoothly – a challenge made tougher by stretched resources.
24 November 2025
UK boards are overestimating their cyber readiness Every week, the UK faces four nationally significant cyberattacks, according to the National Cyber Security Centre – and yet, an overwhelming 94% of business leaders remain confident in their organis
17 November 2025
WTW introduces parametric insurance policy based on weather forecasts Willis, a business of WTW, has announced an innovative parametric policy, in collaboration with insurer Swiss Re Corporate Solutions.
07 October 2025
TCS completes data migration for Scottish Widows Financial services giant Scottish Widows has successfully migrated the data of more millions of policy holders to a new administration platform.
10 September 2025
Mosaic Island evaluates insurance client’s plans for line of business platform Mosaic Island has executed a technical due diligence process for a client in the insurance sector.
03 September 2025
BearingPoint helps Suva to launch VR training platform When Suva, Switzerland’s largest accident insurer, sought to launch a virtual reality training platform, it hoped to deliver immersive safety training to more than two million workers.
27 August 2025
After flirting with profitability, motor insurers set for flat growth in 2025 UK motor insurance firms face a difficult couple of years – despite having entered profitability for the first time since 2021.
28 July 2025
Asbestos cost claims rise even as volumes fall The number of asbestos-related liabilities is holding relatively steady.
02 July 2025
4most adds new insurance accounting service to offering Professional services firm 4most has beefed up its accounting offering, with a new line specialising in the insurance sector.
22 April 2025
Senior global financial services staff expect financial crime risk to rise With cybersecurity threats on the rise, the majority of financial services leaders in the UK expect crime in their sector to rise.
21 March 2025
Elixirr announces Thatcham Research partnership to boost automotive risk insights Professional services firm Elixirr has partnered with automotive risk intelligence Thatcham Research.
20 February 2025
Curzon Consulting supports Bupa with launch of new fees for surgeons and anaesthetists Private healthcare and insurance provider Bupa has launched a new fee model for surgeons and anaesthetists. That transition was supported by advice from professionals at Curzon Consulting.
28 November 2024
Financial services sector most mature in cybersecurity Financial services players are the most mature in terms of their cyber-security infrastructure, according to a new study from Wavestone.
16 July 2024
Only 14% of financial services firms have AI in corporate strategy The benefits of artificial intelligence for the financial services sector are supposedly massive.
19 June 2024
Insurers accelerating use of digital in customer journey While digital processes have increasingly been integrated into the customer journey of insurance businesses, uptake remains slower for AI technologies.
04 June 2024
How insurance firms can adapt to Lloyd's Blueprint Two in 2024 In 2024, the insurance sector will need to start transitioning from systems using nearly 30-year-old technology to new solutions.
22 December 2023
Digitalisation and automation top focus for financial services in 2024 Research into the UK financial services sector reveals nine-in-10 firms reported increased revenues in the last 12 months.
19 December 2023
European insurance companies struggle with operational challenges Insurance companies are struggling with operational challenges, as the market continues to encounter headwinds across the continent.
15 November 2023
Oliver Wyman launches UK actuarial practice Global consulting firm Oliver Wyman has established an actuarial practice in the UK. The new team will be led by Colin Forrest, who brings more than 20 years of actuarial experience to the firm.
18 August 2023
OAC joins Managing General Agents' Association Actuarial consultancy OAC has joined the Managing General Agents’ Association, as it looks to support insurers and managing general agents who require outsourced talent to help scale their operations
10 July 2023
Run-off insurance deals become less attractive in risky economy Despite an abundance of capital among investors, oversaturation and increased risk are seeing the ambitions of acquirers in the insurance space cool.
15 September 2022
Edinburgh’s Spaces For People roads increase personal injury claims The Covid-19 pandemic has shaken things up around the world – not least in terms of infrastructure, with governments trying to ensure that people stay safe in tough times.
28 February 2022
Only 18% of insurance organisations considered data masters While close to half of all insurance firms believe they are implementing data-driven product development and using it for risk insights, a new study has found less than one-fifth are actually ‘data-m
23 February 2022

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