A steep cut in the goods and services tax (GST) on health and life insurance, to 5%, may actually end up making policies costlier instead of cheaper, as insurers would lose the benefit of input tax credit (ITC) and be forced to pass on the burden to policyholders, industry executives warn. As part of a
As the October launch of the six-month rollout of the EU’s entry-exit system (EES) approaches, a number of myths and misconceptions about what it really means for travellers have surfaced. While some claim that non-EU travellers will need to prove their travel insurance, others believe that the EES is being implemented as punishment for Brexit.
As the October launch of the six-month rollout of the EU’s entry-exit system (EES) approaches, a number of myths and misconceptions about what it really means for travellers have surfaced. While some claim that non-EU travellers will need to prove their travel insurance, others believe that the EES is being implemented as punishment for Brexit.
It is also a legal requirement, and there are a number of small things that could accidentally invalidate it. This is because there are different classes of insurance, which cover different activities. What types of car insurance are there? For personal use, there are three different types of car insurance: Social, domestic and pleasure (SDP):
Meshed, an artificial intelligence insurance broker, has launched following a pre-seed funding round of £950,000, backed by Aviva via Founders Factory and venture capital funds Haatch, along with angels. It has claimed to be the UK’s first AI-native insurance broker The funding will accelerate the broker’s aim to rebuild the commercial insurance brokerage model from
LONDON, Aug. 18, 2025 /PRNewswire/ — Meshed, the UK’s first AI-native insurance broker, today announced the closing of its oversubscribed £950K pre-seed round, backed by Haatch, Aviva via Founders Factory, Exponential Science Foundation, and angels. The funding will help Meshed rebuild the commercial insurance brokerage model with AI, cutting manual processes and administrative costs to
Tesla’s reduced production of its Cybertruck is having a ripple effect on owners, some of whom say insurance companies are now canceling policies for the vehicle. Once one of the world’s most-hyped vehicles, sales and production numbers for Tesla’s Cybertruck have fallen sharply. In the second quarter of this year, the company sold just 4,306
Vehicle modifications are subject to legal regulations and insurance considerations. Drivers should be aware of the accessories which could land them in trouble(Image: Getty Images/iStockphoto) In the UK, car customisation is growing more popular than ever, including the surge in demand for personalised number plates and even car stickers. While popular, vehicle modifications are also
Insurance non-renewals are becoming a trend, and worrying new data shows Florida is leading the pack. What’s happening? A new report from Insurify reveals that Florida tops the nation in home insurance non-renewals. Insurance companies are increasingly dropping policies due to rising risks from extreme weather, while some people are simply unable to afford the
MoneyMagpie Editor and financial expert Vicky Parry explores the pros and cons of private health insurance We explain how private insurance actually works(Image: Morsa Images via Getty Images) With NHS waiting lists months long for simple things, and seeing a GP a challenge due to patient numbers and limited time, more people are turning to