FCA urges insurers to treat customers fairly amid cost of living squeeze & more…Keep up with what has been happening this week in our latest insurance news round-up…
The City watchdog has issued a warning to insurers to treat customers fairly after concerns that the cost of living squeeze may prompt households and businesses to cut back on insurance, leaving them without protection.
Saga cuts forecasts as inflation drives up cost of claims
Saga, the UK insurance and travel business focused on customers over 50, cut its full-year profit forecasts on Tuesday, sending the group’s shares down more than 23 per cent.
Swiss Re swaps Granular investment for stake in Google’s Verily
Swiss Re has expanded its partnership with Verily by exchanging an investment in Granular Insurance Company for an equity stake in Verily. Following this transaction, Granular will be wholly-owned by Verily, which is the life sciences and healthcare subsidiary of Alphabet, the parent company of Google.
