Impact of Inflation on Insurance
Inflation is affecting insurers and customers, with significant rises in repair, material, and labor costs impacting motor and home cover the most.
Life insurance has been less directly impacted, while higher interest rates have helped offset some adverse effects by increasing yields on insurers' investment portfolios.
New FCA Rules and Premium Finance
Greater regulation of Buy Now Pay Later (BNPL) could disrupt retail credit and open new opportunities for fairer, simpler insurance payments.
Greater regulation of BNPL could both disrupt retail credit and open new opportunities for fairer, simpler insurance payments.
Author's summary: New FCA rules may reshape premium finance.