{"id":2518,"date":"2024-05-24T01:01:00","date_gmt":"2024-05-24T01:01:00","guid":{"rendered":"https:\/\/advent.global\/?p=2518"},"modified":"2024-05-23T13:03:09","modified_gmt":"2024-05-23T13:03:09","slug":"weekly-news-update-24th-may","status":"publish","type":"post","link":"https:\/\/advent.global\/2024\/05\/24\/weekly-news-update-24th-may\/","title":{"rendered":"Weekly News Update – 24th May"},"content":{"rendered":"\n
The London Market contributes nearly \u00a350bn to the UK\u2019s GDP, has created around 59,000 jobs as of last year and has maintained its overall share of the global (re)insurance market, according to new research from the LMG. There are more great stats in the report, which you can access here<\/a>. With Rishi Sunak announcing a summer general election, what will the parties have to say about IPT? See how voice cloning is posing threats to businesses in the featured report from Kroll, a financial and risk advisory firm.<\/p>\n\n\n\n London Market contributes \u00a350bn to UK economy<\/a> (Source: CIR Magazine) General Election called \u2013 will IPT finally be addressed?<\/a> \u00a0(Source: Insurance Business Magazine)
In new research from the LMG, key stats show that the London Market is responsible for c.2% of the UK\u2019s GDP. \u00a0<\/p>\n\n\n\n
April 2024\u2019s IPT collections have risen 12% from last year. Experts stress \u201cthe need for government intervention\u201d, particularly on health insurance products, as a way of alleviating pressure on the NHS.<\/p>\n\n\n\n