Supporting the insurance industry as the cost-of-living soars
The current cost-of-living crisis will put the greatest pressure on UK and Irish households we have seen in years.
In the UK inflation hit a forty-year high of 9.4% in June and could reach 15% by 2023. For average households, their energy bills are likely to double in the coming months and rise again in the new year. In Ireland recent figures show inflation also hit a forty-year record of close to 10% last month with energy prices already climbing
Food prices have been rocketing too because of rising production costs such as the price of animal feed and fertiliser. This has been exacerbated by the ongoing war in Ukraine.
The high rate of inflation on basic food essentials is likely to hit low-income households harder, putting further pressure on those already affected by a cut in universal credit benefits and rising energy and petrol costs.
The Insurance Charities would like to remind current and former long-serving insurance employees across the UK and Ireland it is here to provide ongoing and one-off financial support wherever it’s needed. It understands that things are difficult and sometimes some additional support may be needed, even if the Charity has helped you before.
It doesn’t matter what role you’ve had in the industry, and you don’t need to belong to a membership organisation to apply.
Full eligibility criteria and a simple online application form can be found HERE
If you have any questions do GET IN TOUCH, and please share the details with those in your professional networks to help reach those who may need the Charity’s support.
Authored by The Insurance Charities
About Charity
The Insurance Charities is the only charity supporting current and former insurance employees and their families across the UK and Ireland.
How do we help?
The charity transforms insurance people’s lives for the better by providing a lifeline to support them with whatever difficulties they may be facing such as redundancy, poor health, domestic abuse, and tragedy.
We can help people throughout their career and beyond with one off and ongoing financial and/or practical support for as long as it’s needed. In 2022/2023 we gave out over £1.3 million to those experiencing financial hardship to help pay for things such as household appliances, school uniform, funeral costs, rehabilitation, and property adaptations. We also work with other organisations such as Aware in Ireland, Shelter UK, and Alzheimer’s Society to provide practical support where needed. Through these fantastic charities we can help those experiencing mild depression and anxiety, assist those with housing concerns, and those affected by dementia.
Did you know?
• It doesn’t matter what role you’ve had working in the sector
• Your application will be treated in the strictest of confidence
• You don’t need to be a member of a professional body or association to access support
• Both working and non-working people can apply
• The charity also supports dependants of insurance employees (past and present) such as children and partners.
We are keen to talk to employers across the industry about how we could support their colleagues so encourage people to get in touch to find out more.