IPT-threat level raised Print this page
The British Insurance Brokers’ Association (Biba) has once again called for a freeze to the unpopular insurance premium tax (IPT) which affects all policyholders.
Currently, the rate is 12% and it was last increased in 2017 causing outcry in the insurance space after an initial increase to 9.5% in Summer 2015 then another rise to 10% in 2016.
In the April 2020 ‘coronavirus Budget’ the sector escaped further increases but with the economy in trouble due to the twin disasters of Brexit and Covid
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Insurance Post
Insurance Post staff
Date announced: 14 January
Deal value: $500m (£365m)
Convex Group has secured $500m in committed preferred equity capital from affiliates of Sixth Street, a global
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Insurance Age
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Insurance Age staff Print this page
Small and medium-sized businesses have revealed their disappointment with the way the insurance profession handled claims relating to Covid-19.
The Chartered Insurance Institute’s (CII) Public Trust Index surveyed 1,000 consumers and 1,000 small and medium-sized enterprises (SMEs) in May and September.
Throughout 2019, 82% of SMEs were satisfied with the service they had received from their insurer, but this figure has fallen to 79% for businesses polled post lockdown.
Satisfaction
Satisfacti
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