Insurance

Insurer Direct Line, which is significant employer in Glasgow, has announced plans to cut approximately 550 jobs. The decision comes as the company faces continued challenges, including a further loss of own-brand motor insurance customers.

Cracking down on insurance fraud remains a top priority for the industry as its latest figures reveal £1.1 billion worth of fraudulent claims were detected last year, up 4% on 2022, according to the Association of British Insurers (ABI). Insurers identified 84,400 fraudulent claims in 2023, 11

Which? is urging the Financial Conduct Authority (FCA) to crack down on insurers charging excessive interest rates for monthly premium payments. A new investigation by the consumer group reveals some providers are charging APRs as high as 45%, with an average of over 20% across both car and home ins

The Financial Conduct Authority (FCA) has revealed it intends to launch a market study into how pure protection insurance products are sold following concerns that competition is not working well in the market.

New data has shown that the global non-life run-off market continues to grow, with estimated liabilities rising 11% to $960 billion (£822.5bn) since the beginning of 2021, according to PwC’s latest global insurance run-off survey.

Global insurance broker and risk management specialist Gallagher has expanded its Edinburgh team with three new appointments. The firm's Edinburgh team of 30 will be joined by Helen Watson, Bobby Lamond and Jill Morrison, who all join with a wealth of local insurance experience from different indust

FinTech Scotland has signed a partnership agreement with Finance Isle of Man to promote and develop insurtech and fintech capabilities across the two jurisdictions, with the intention to boost economic and business co­operation and investment. They will work together to stimulate education, recr

UK mutual insurer Royal London has announced profits of £109 million for H1 2022 in its interim results. The rise in operating profits before tax is an increase of 36.25% from £80m (H1 2021) and comes after 140,000 new pension policies were taken out by customers in the first half of the

Drivers in Scotland face the highest increase to car insurance prices with an increase of 8.4 per cent as the average yearly premium reaches £580.