We don’t walk around with our pockets stuffed with ten pound notes in the UK, but we still flash the cash abroad.
The Brexit vote in June should have been a boon for holiday cottage owners, Center Parcs and Butlins.
As revealed in Consumer Intelligence’s quarterly Home Insurance Price Index, buildings and contents cover has risen below the rate of inflation over the last 12 months. This is even despite additional rises in Insurance Premium Tax.
Consumer Intelligence made the news this week when our figures on how insurance brands increase prices at renewal were widely picked up, including on the front page of Monday’s Daily Mail. Their choice of words blaming insurers for this state of affairs doesn’t reflect our view of why the problem exists, but the fact that the problem exists is difficult to avoid.
If there’s one certainty about the Ogden rate changes, it’s that premiums will increase sharply. We have already seen them rise by 4.2% in the months to the end of March.
With motorbike insurance premiums on the rise and the number of riders growing, disclosure of last year’s premium at renewal will spur an increase in the number of motorbike riders shopping around for insurance quotes and contacting their insurer.
Pet owners use more traditional channels when it comes to choosing their insurance provider. They take recommendations seriously, whether from friends or vets, more than they do for home and motor insurance. That’s little wonder when nine of ten pet owners say their pet is so important to them that they consider them part of the family.
With a General Election looming, those going abroad this summer will be faced with the prospect of significant currency volatility before they reach their destinations.
For many large financial services companies the ability to confidently test a new platform, product or service within a live environment continues to be prone with issues and complexities that cannot be assimilated during UAT or staging phases.