The risks of being both underinsured and uninsured – advice from Allianz
The cost of living is at an all-time high and as a result the IGA’s exclusive insurance partner Allianz is seeing evidence of businesses either reducing their cover, or cutting it completely. BIBA’s 2023 Manifesto states that in the past year, 51% of businesses have stopped buying at least one insurance cover and research from […]
Theft is on the rise – tips from Allianz to help protect your vehicles.
Over the past twelve months the UK has faced a number of unsettling economic changes. We’ve entered into a recession, experienced national fuel shortages and are in the midst of an energy crisis. The cost of living has also increased dramatically and police departments are under ever-increasing pressure, so it should come as no surprise […]
Spotting something ‘phishy’ – keeping businesses safe
Over half of adults admit to having been targeted in a phishing scam1 and recent events such as the Covid-19 pandemic and cost of living crisis have only exacerbated the situation. But what exactly is ‘phishing’, how do you recognise it, and what’s the best way to avoid being caught out? What is ‘phishing’? Phishing is […]
What’s driving motor claims inflation?
The insurance industry is experiencing claims inflation across many lines of business. The motor industry is no exception and motor claims are continuing to increase at a substantial rate, with an average claim now costing £5,349.(1) Allianz has created a handy guide, in which they examine significant themes and factors influencing motor claims inflation, plus […]
The top risks for UK businesses in 2023
The Allianz Risk Barometer is an annual report identifying the top corporate risks for the year ahead. It’s based on the insight of over 2,700 risk management experts from 94 countries and territories. Here, Allianz look at the top five risks identified by UK participants: 1. Cyber incidents (#1 in 2022) e.g. IT outages, ransomware attacks […]
What really produces the profits in your business: machines or people?
Informed business owners recognise that, in order to ensure future success, their business protection strategy is critical. It can be the difference between the company surviving or going out of business altogether. Many IGA members are independent limited companies or partnerships and are often family run businesses. How many people and their families rely on the […]
Insurance and the evolving cyber landscape
Cyber insurance is still very much an emerging area for the industry since its first appearance in the 1990s but recent socio-political events are shaping the types of attack being perpetrated and, as a result, companies’ cybersecurity requirements. In this article, Allianz consider some key factors shaping the future of cyber insurance; the most prevalent […]