Keep up with the latest insurance news in our weekly round-up…
FCA proposes ‘significant reform’ of general insurance market
The FCA is proposing “significant reform” of the general insurance market to enhance competition, ensure consumers will receive fair value, and increase trust in the market.
About 10 million home and car insurance customers should save nearly £120 a year after the UK financial regulator effectively banned the industry from charging higher premiums to loyal customers.
A new report from Swiss Re Institute claims that one fifth of countries worldwide are at risk from ecosystem collapse and biodiversity declines, which threaten some of the major global economies.
Aviva is exploring a potential sale of its French unit, which could be valued at about 3 billion euros, according to reports from Bloomberg.
Global advisory, broking and solutions company, Willis Towers Watson, has made significant appointments across its global aviation team to provide class-leading renewals for clients.