Direct Line begins green parts trial; Revolut diversifies insurance offering; RSA to recruit more adjusters; and Sabre strikes solus MGA deal

For the record

For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.

From Post this week: 

Analysis: Weighing up the FCA’s consumer duty rules
CII consultation usefulness in doubt over believed low response rate
FCA staff vote yes to strike action if no deal reached

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Building Back Better at Chelsea Flower Show

Flood Re’s Build Back Better scheme is being used to not only fund internal flood resilience changes but also adaptations to outside space and gardens in the quest to stop and reduce flood waters entering properties, explains Stephen Linklater, claims director of Ageas.

Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

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