Technology
Five brokers seek compensation of £30,000 from SSP
Five brokers so far have joined a group compensation claim so far worth £30,000 against SSP for lost business during the period of the outage.
Interview: Colm Holmes, Aviva
Six months into the job, Aviva UK’s newly appointed GI CEO talks to Martin Croucher about the challenges of succeeding Maurice Tulloch and further investment into digital
Insurtech start-up Wrisk gets BMW innovation lab backing
Insurtech provider Wrisk has been selected as one of five finalists to join the BMW Innovation Lab, the first-ever fintech business incubator in the automotive sector.
How the SSP outage had earthquake repercussions for brokers
Problems started with a power cut but left brokers offline for almost a month
Blog: Three ways to build lasting customer relationships
Designing customer experience for simplicity, context and consistency can help build loyalty.
List of 305 brokers affected by SSP outage submitted to FCA
The Financial Conduct Authority has received a list of 305 brokers affected by the SSP outage.
Zurich's David Roberts on why risk never sleeps
Interconnected threats call for new skills beyond insurance procurement
New farming risks and their insurance implications
The past 12 months have not been easy for farmers. Depressed produce prices have left the sector facing one of the worst income crisis for more than 100 years.
Vitality offers Apple Watch in 'health telematics' deal
Health insurer Vitality has become the first in Britain to encourage customers into exercising by offering an Apple smartwatch as a reward.
Allianz Ventures invests in robo-advisory wealth management system
Allianz Ventures has decided to take a shareholding in robo-advisory system MoneyFarm to help broaden its presence within Europe.
FCA says online reporting portal back online after outage
The Financial Conduct Authority said the “majority” of its systems are back online after an outage at a data centre on Friday.
Video: Applied Net 2016 - How can technology help to shape insurance services?
At Applied Net 2016, analysts and industry professionals gathered to share insights into how to use digital services to enhance their businesses.
This week: Patronuses, start-ups and blockchain
As J K Rowling continues to delight fans with updated ebooks on her website Pottermore this week we learnt a bit more about our team mates on Post as a new feature was released.
Hack of Tesla car raises fresh liability concerns
The successful hack of a Tesla driverless car has raised potential insurance implications that will need to be addressed by UK legislators, experts have warned.
Brokers could be responsible if SSP is unable to recover data
Brokers could be held responsible for data loss if SSP is unable to recover its document archives.
John Salmon joins Hogan Lovells to boost its global fintech team
John Salmon has joined Hogan Lovells' London corporate practice as a technology partner to boost its global fintech team.
Could other start-ups follow the Beyonce name-checking Lemonade in seeking musical inspiration
This week saw the launch of the much trumpeted and anticipated peer-to-peer insurer Lemonade.
Applied Net 2016: Insurance industry in need of a 'modern twist'
The UK insurance market is in need of a ‘modern twist' as the US introduces more disruptive technology.
Legal Update: The attack of the dangerous toys
Insurers need to fill the coverage gap for the new high-tech gadgets that may fail, explode and cause fires
Applied Net 2016: Connected systems could increase insurers' ability to 'cross-sell' products
Technology is currently having the most impact on the insurance industry and customers are more likely to engage with insurance services via apps and websites.
Why 'unhackable' blockchain could revolutionise the insurance industry
Everyone’s talking about it, but is anyone really doing it? There’s a continuous chatter surrounding blockchain, so isn’t it about time more firms used the distributed ledger system?
Applied Net 2016: Insurers need to find new way of innovating to contend with Millennial threats
Voice recognition and video interfacing could be the two next best things in insurtech and could help to increase customer engagement in the insurance market place.
Lloyd's: 90% of major firms hit by cyber attacks
Nine in ten big businesses have suffered a major cyber-attack in the past five years but less than half are worried about suffering another breach in the future, a survey has found.
SSP sends compliance message to brokers via the FCA
In midst of the recent outrage, SSP has sent a message to its brokers via the Financial Conduct Authority to demand total compliance.