Insurers supported people experiencing bereavement, illness, or injury to the tune of £6.85bn in 2022, according to latest figures from the Association of British Insurers (ABI). Upwards trend This total includes payouts from group and individual protection policies....
Latest analysis1 has revealed how quickly the mortgage market is changing. Homeowners coming to the end of a five-year fixed term, on an average rate of 1.99%, would have been paying £725 a month. The average rate for a five-year fixed-term mortgage was 5.83% at the...
The average cost of buildings and contents insurance rose by less than inflation in the past year, the ABI’s Home Insurance Premium Tracker shows. In total, the average price paid for home insurance in Q1 2023 was up 6% on the same quarter last year. This is...
Uncertainty and rising rates are combining to put pressure on buyers who are growing increasingly cautious, which in turn is pressurising prices. House price growth dipped in May and the annual rate of growth fell to -1.0%1. The Bank of England’s Monetary Policy...
Fewer than one in five over 50s have arranged for their funeral costs to be covered by a life insurance policy, a new study1 has revealed. As well as 17% who have cover in place for funeral costs, a further one in 10 expect their loved ones to use proceeds from...
Last summer’s record-breaking heatwave, when temperatures peaked at 40.3 degrees on 19 July, has led to a surge in subsidence claim payouts, according to the latest from the Association of British Insurers (ABI). Insurers expect to pay £219m in subsidence claims made...
