Personal Lines - A changing climate

Climate change is not the only force to have affected the personal lines sector, says Jane Bernstein. Factors such as new regulations and increased competition have also contributed to a reevaluation of risk pricing and claim handling

The personal lines sector is facing some significant and diverse challenges. Competition across the board means brokers and insurers are having to find innovative ways to differentiate themselves from

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Motor claims payouts near £12bn in 2024

Motor insurers paid out £11.7bn in private car insurance claims in 2024, which the Association of British Insurers said is a record amount since it started collecting this data in 2013.

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