Suncorp invests A$75m to create "data lake"

patrick-snowball

Patrick Snowball, outgoing CEO of Suncorp, said the group is planning to invest in a suite of technologies to improve performance.

Suncorp wants to improve claims processing, home and vehicle repairs, technology and its big data capabilities. The insurer is using the cloud to help it move towards a digital model and is looking to

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Inflation issues remain despite drop in rate

Speaking at the Insurance Post Claims Club, Allianz’s chief claims officer Graham Gibson stated that the latest inflation figures seen this week will not trickle down to insurance any time soon.

Building Back Better at Chelsea Flower Show

Flood Re’s Build Back Better scheme is being used to not only fund internal flood resilience changes but also adaptations to outside space and gardens in the quest to stop and reduce flood waters entering properties, explains Stephen Linklater, claims director of Ageas.

Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.