Keep up to date with the latest insurance and finance news in our weekly round-up…

 

Millennials being squeezed out of middle class, says OECD

Millennials in advanced economies around the world are being squeezed out of the ranks of the middle class, including in Britain, as pay growth stalls and house prices skyrocket, according to the OECD.

IMF boss says Brexit delay will ‘hinder’ UK growth

The further extension to Article 50 will hinder growth in the UK economy, the head of the International Monetary Fund (IMF) has told the BBC.

Rising terror threat, populism, political tension a challenge for businesses: Aon

Growing populism, protectionist measures and rising political and trade tensions are creating both challenges and opportunities for the risk transfer industry, according to Aon’s 2019 Global Risk Maps.

Lemonade picks up $300 million Series D led by SoftBank Group

Lemonade, the insurance start-up founded by Daniel Schreiber, uses an AI-powered bot to digitise the insurance buying experience for renters and home owners.

UK ranked top destination for driverless cars

World-leading insurance legislation has helped position the UK as the number one location for a mass-market rollout of connected and autonomous vehicles.

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