You may have heard that the insurance industry has entered a hard market period, but what does that actually mean? Insurance is cyclical. Just like how the seasons change, the market fluctuates, with each insurance ‘season’ lasting anywhere between two to 10 years. On top of that, there are two types of insurance cycle conditions
Dubbed ‘a budget for the pandemic’, the Chancellor of the Exchequer has delivered the Government’s 2021 budget. Below are 10 things in Rishi Sunak’s speech that will affect individuals and businesses alike. Continuing to pay wages of those on furlough Announced in advance, furlough has been extended until September. The scheme – which pays 80%
On 22 March, the Prime Minister announced the government’s proposed roadmap out of lockdown. The road ahead The government is hopeful that most of the economy will be able to open before the end of June, subject to four steps set against four key tests: how the vaccine roll-out is going, how vaccination is affecting
Financial crime can affect any of us in both our work and personal lives. We’re taking a closer look at Payment Diversion Fraud – one of the most common types of financial crime – to help you better protect yourself and our business. Financial Crime is defined as any kind of criminal conduct relating to
While many of us breathed a sigh of relief as 2020 came to an end, the calm in the storm didn’t last long. Only days later, Boris Johnson introduced lockdown 3.0 nationwide which could remain in place until the end of March as it stands. What are the new lockdown rules for the retail, hospitality
Does your list of New Year’s resolutions look something like this? Do more exercise at least three times a week Save more money Give up smoking, drinking and chocolate – unless it’s the weekend Learn a new language Volunteer more Wait… what was the first one again? New Year’s resolutions are great, that is, if
While 2020 hasn’t come without its challenges, by forcing businesses into developing a new relationship with technology, the pandemic has significantly helped to drive huge change in a range of industries, including insurance. We take a look at the predicted insurance trends for 2021. AI you ready for an automated experience? While AI and automation
If you’re hoping to reopen your business at the end of lockdown 2 on the 2nd December, you will want to know exactly how you will be affected based on the tier that you’re operating under. To help you understand more about your specific business, we’ve answered some of your FAQs below. Click here to
Since it started in March this year, the Coronavirus Job Retention Scheme (CJRS) or the furlough scheme has been extended a number of times to align with Government decisions made surrounding lockdown. In a move which will bring a great source of relief to many businesses, Chancellor Rishi Sunak has recently extended the current furlough
When the UK was plunged into lockdown in March, businesses had to adapt quickly to ensure that staff could continue to carry out their day-to-day role while working from home but, there wasn’t just IT and contact issues to contend with. Not only did employees have to manage their own workload, but they also needed
