FCA reveals hundreds of BI claims still being considered

Covid closed businesses

Three years on from the first Covid-19 lockdown, the industry is still considering whether 341 business interruption insurance claims are valid.

The latest Financial Conduct Authority data showed the number of business interruption claims still being considered has almost halved in the last six months – from 665 requests on 5 September 2022

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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.

Jason Harris, QBE

Having spent a quarter of a century working in insurance, Jason Harris, who joined QBE as chief executive for international in October 2020, is a familiar face in the sector.

Adrian Cox, Beazley

Last, but certainly not least, to make it onto this year’s Insurance Post Power List is Adrian Cox, CEO of Beazley.

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