The Association of British Insurers has revealed that a near doubling of Covid payouts was a major factor in the record £6.8b in payouts on insurance claims in 2021.

Fintech Protection Guru has launched a price and criteria comparison tool for financial advisers seeking protection policies for clients.

Legal & General will merge its retail insurance and pensions divisions from the start of next year.

The FCA has warned insurance firms that they must improve clarity on commissions they pay to intermediaries on insurance products and prove that commissions are not excessive.