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Insurance and Reinsurance weekly briefing: UK and EU regulatory updates, AI and cyber, consultations and recent case law - 22 May 2025

Published on: 22 May 2025

Published by a LexisNexis Insurance & Reinsurance expert
Legal News
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Article summary

In this issue:

  • Insurance types: Cyber
  • UK regulation
  • EU regulation
  • Cases tracker
  • Dates for your diary
  • New and updated content
  • Daily and weekly news alerts
  • LexTalk®Insurance: a Lexis®Nexis community

Insurance types: Cyber

Aviva to use AI tool to map cyberthreat behaviour

On 19 May 2025, Aviva Plc confirmed it has begun deploying artificial intelligence (AI) to chart the cyber risks to which companies in its portfolio are most exposed. See: Aviva to use AI tool to map cyberthreat behaviour.

UK regulation

FCA publishes Financial Lives 2024 survey report

The Financial Conduct Authority (FCA) has released its Financial Lives 2024 survey report, setting out findings on the financial resilience of UK consumers. Results show many lack cash reserves: 10% have none, and 21% hold under £1,000 for emergencies. A quarter report difficulties keeping up with financial commitments, often leading to missed payments. The report also notes that 61% of those using debt advice services managed financial pressures more effectively. The FCA says it has seen progress in access to banking, evidenced...

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