October’s Cybersecurity Awareness Month serves as a crucial reminder for businesses and individuals to focus on the growing risks of cyber threats. As an insurance broker, we see firsthand how a lack of preparedness can lead to devastating financial and reputational damage. Cybercrime is evolving, and no organisation, regardless of size, is immune to attacks […]
October is Cybersecurity awareness month Read More »
Business email compromise (BEC) scams—a type of phishing attack—are a growing concern for organisations across sectors. In fact, according to recent government data, 84% of businesses and 83% of charities suffered a phishing attack in 2023. The National Cyber Security Centre (NCSC) has recently published new guidance on BEC, including practical steps to help organisations
Guidance Released to Help Organisations Protect Against BEC Scams Read More »
Following the Labour Party’s win in the recent general election, King Charles III outlined the new government’s legislative programme in a speech to the House of Lords on Wednesday, 17th July 2024. The speech laid out approximately 40 pieces of legislation to rebuild the country and help restore trust in British politics. “Stability will be
King’s Parliamentary Speech Key Points July 2024 Read More »
Home insurance claims for weather-related damage hit a record high in 2023 as climate change continues to impact the frequency and severity of severe weather events. Specifically, claims for weather-related damage reached £573 million last year, more than a third higher than 2022’s total of £421 million and the highest ever recorded, according to the
Weather Damage Insurance Claims Up By a Third in 2023 Read More »
Manufacturing businesses play a pivotal role in our economy, producing goods that serve as the backbone of numerous industries. However, with great opportunity comes great risk, and it is essential for manufacturers to understand and mitigate these risks effectively. From supply chain disruptions to workplace accidents, manufacturing businesses face a myriad of potential hazards that
Manufacturing – Mitigating Risks Read More »
BT’s Redcare is withdrawing their signalling system for intruder and fire alarms services from the market. Customers will need to seek alternative suppliers before 1 August 2025. With the service ceasing next year, approximately 100,000 commercial and residential properties face the urgency of updating their alarm signalling equipment by 1 August 2025. Redcare, a key
BT’s Redcare Announces Closure Read More »
On Wednesday, 6th March 2024, Chancellor of the Exchequer Jeremy Hunt delivered his spring statement to parliament. The measures announced aim to “give much-needed hope in challenging times” and provide “more opportunity, more prosperity and more funding for (our) precious public services.” Economic Forecast Detailed in the Spring Statement, the latest economic outlook from the
Main Takeaways From Spring Statement 2024 Read More »
Every year, March 8th serves as a powerful reminder of the remarkable achievements, struggles, and resilience of women around the world. International Women’s Day is not only a celebration of women’s accomplishments but also a call to action for gender equality and inclusion. The campaign theme for International Women’s Day this year is “Inspire Inclusion,”
Empowering Women: Celebrating International Women’s Day Read More »
Extreme weather and artificial intelligence (AI)-generated misinformation and disinformation are the top two risks facing organisations and individuals in 2024, a report by the World Economic Forum (WEF) has found. The report highlights the findings from the WEF’s Global Risks Perception Survey (GRPS), which sought the opinion of nearly 1,500 worldwide experts between September and
Extreme Weather and AI Are the Top Risks in 2024 Read More »
Increased cyber-attacks with new evasive tactics, hacktivist-based attacks and frequent ransomware have created a volatile risk environment for organisations of all types and sizes over the past few years. The increased cost of dealing with such disruptive incidents created a hard market, with most policyholders facing premium hikes. Indeed, cyberinsurance pricing rose a staggering 66%
Cyber Insurance Market Outlook for 2024 Read More »
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