Insurers are imposing war and terrorism exclusion in income protection insurance, according to Mercer Human Resource Consulting.
But the exclusion is unworkable in its current wording, the consultant said.
As a result, the company is attempting to get such exclusions removed.
This comes in the wake of the 11 September tragedy, where insurers have been alerted to protect their solvency in the event of catastrophic loss.
Some insurers have decided to impose a maximum exposure limit of £100m per event or even for the geographic location.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
