CBI president Sir John Egan warned Airmic members in an annual lecture on Monday that rising EL costs were a threat to business.
He said: "The situation has become critical for business. The extent of the cost increases is threatening the existence of small firms."
Businesses may have to pay a levy on their employers' liability (EL) insurance premiums to fund long-tail risks.
Royal & SunAlliance underwriting director Ray Cox put forward the idea as one possible solution to what he called "unsustainable" problems in EL.
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.
