How insurers are tentatively embracing AI

Artificial intelligence

Analysis: Frances Stebbing explores how insurers are using generative AI, while recognising the risks and preparing for the incoming regulation for this type of technology.

While superficially the insurance industry seems to be ticking along the same way as it has done for centuries, you don’t have to scratch too far beneath the surface to uncover how artificial

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FCA premium finance crackdown saves consumers £100m

Since the the Financial Conduct Authority’s head of insurance Matt Brewis labelled premium finance a “poor product”, car and home insurance customers have saved more than £100m in the last year after insurers reduced how much they charge policyholders for paying premiums monthly rather than annually.

SSP to target larger brokers ‘soon’

SSP Broker managing director Martyn Mathews has told Insurance Post the company will soon be ready to compete for the business of larger brokers, after a period of “getting the house in order”.

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