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State of the industry

State of the industry

2023 was a difficult year for the insurance industry. The impact of record-high inflation hit insurers hard, with a particular strain placed on claims departments. This, the lasting impact of COVID-19 and global conflicts all resulted in a “hard market” and challenging conditions for consumers. We look at some of the key insurance trends and predictions businesses should look out for in 2024.

Telegraph 2024

Read our latest issue of Telegraph magazine featuring interviews, advice and articles focused on the prevalence of cyber threats, our views on the state of the insurance industry, and case studies featuring East Anglian Air Ambulance, the Royal Norfolk Agricultural Association, and Jarrolds.