Podcast: How climate change is transforming insurance

Flood Re’s Laura Evans, LexisNexis Risk Solutions’ Heikki Vesanto, Woodgate & Clark’s Glyn Brookes-Humphrey together with Insurance Post’s Scott McGee

Climate change means the areas impacted by subsidence will double by 2050, and double again by 2080, Heikki Vesanto, manager for GIS data science at LexisNexis Risk Solutions, has warned.

In the latest Insurance Post Podcast, Vesanto said 6% of properties in Great Britain are at risk of subsidence, but that is going to increase to about 20% by 2080.

£2.5bn

In France, the

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Labour’s £1.6bn pothole plan falls short

Insurers have reacted to Transport Secretary Heidi Alexander’s announcement of a 50% increase in funding for resurfacing roads, observing more cash will be required to end the damage done to cars by potholes.

MGAs Review of the Year 2025

An MGA chief would like Sir Bob Geldof to teach the industry a thing or two about social responsibility in 2025, and leaders are confident that while the hard market was punishing for a time in 2024, next year the sector is well-positioned to lead innovation and remain agile.

Was 2024 the ‘Year of Reality Check’ for insurtechs?

Content Director's View: With territorial withdrawals and scaling back on products, Jonathan Swift asks whether 2024 represented the year the UK insurtech space got a reality check; and mulls whether a second Summer of Insurtech could soon be around the corner.

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