Technology
Insurtech products 'could engage the Millennial market'
Insurers should stop selling insurance and start selling product services instead, if the industry is to successfully tap into the Millennial market.
Week in Post: trampolining, brokers in the dark and cake
I was reminded of the insurance industry this surprising sunny bank holiday weekend when I was required to sign a waiver to accept and acknowledge my participation in Gravity Force trampolining could entail "known and unknown risks that could result in…
SSP accused of making 'wrong call' over decision not to use secondary data centre after outage
SSP has a backup data centre that wasn’t used when an outage occurred last week because of concerns that a modest amount of data would be lost, Post understands.
SSP has ‘set back timeline’ for restarting service after another hardware fault detected
SSP has told brokers a plan to restart service gradually today has again been postponed due to hardware failure.
Blog: Insurance for autonomous cars - from concept to reality
It has now been 11 years since a team from Stamford University won a $2m (£1.5m) prize for developing ‘Stanley’, a fully self-driving car.
Motor body has no record of drivers left uninsured by SSP outage
Motorists left uninsured as a result of the SSP outage could be left in a legal limbo if they are stopped by the police, the Motor Insurers Bureau has warned.
Neos begins testing connected home insurance service
Neos has begun beta testing its new connected home insurance service with its partner Hiscox, the service claims to be a first for the UK insurance industry but similar services have been launched in Italy.
SSP breaks promise to resume service today
SSP has told brokers that its Pure Broking platform will not resume normal service today, despite assurances it would.
Hundreds of motorists ‘potentially uninsured’ as a result of SSP outage
Hundreds of motorists are potentially driving without insurance as a result of the glitch that has hit the SSP Pure Broking platform since last Friday.
Brokers still in the dark as SSP outage now a ‘major incident’
The power outage that left brokers unable to access services on SSP’s Pure Broking platform since the weekend is now being described as a “major incident” by the company.
Brokers cut adrift after SSP platform goes offline
Brokers have been left floundering after popular broking platform operated by software company SSP was taken offline.
Blog: Claims specialists, underwriters and risk managers need to get together to innovate
Technological advances help claims specialists and underwriters improve their processes but perhaps the biggest challenge for innovation may lie in both of them working together.
Week in Post: CMC impersonators, NED worries, and a Team GB gold medal winner
Sitting in my front room on Saturday morning I took a phone call from a claims management company.
XL Innovate backs peer-to-peer start-up Lemonade with 'significant investment'
XL Innovate has made a "significant investment" in peer- to-peer insurance company Lemonade.
IFB extends contract with BAE systems after 10 years of partnership
The IFB has decides to keep BAE Systems NetReveal as its next generation fraud detection platform until 2020.
Inspool, Insure Street, Teambrella and Tego Cover among eight UK insurtech start-ups to watch
KPMG published last week its latest Pulse of Fintech report, including the investment figures for the year-to-date in the insurtech space.
Aviva ventures into partnership with Silicon Valley start-up Plug and Play
Aviva has partnered with global digital start-up accelerator Plug and Play in order to develop digital products and services.
Insurers could be made 'irrelevant' by driverless cars
Insurers could face becoming "irrelevant" in the age of driverless cars according to a survey of drivers.
Global insurtech attracts £1bn of venture investment in the first half of 2016
Over £1bn in venture capital has been invested in global insurtech in the first half of the year, according to a report.
Week in Post: Amazon Echo; pills that make you hard; CMC scourge and elderly drivers
This week Post reporter Rosie Quigley and I were given a tour around the Accenture Innovation Lab at Plantation Place in the City.
Bermudian insurance giant behind largest UK insurtech start-up investment
Insurtech start-up Buzzmove has closed a £6m super-seed round led by Bermuda-based White Mountains Insurance Group.
Blog: Action Fraud helpline not enough against cyber crime
The police alone cannot tackle cyber crime and the revamped fraud reporting centre may prove less helpful than hoped
Week in Post: Rio 2016, diving doggies, a racism row and rejoice, the Insurance Act is finally here!
You know you’ve been bitten by the Olympic bug when you find yourself watching the weightlifting at 1:30am in the morning, hours before you have an event and need to be pretty sharp.
Blog: How to sell insurance to Generation Y
What's all the fuss about Generation Y? Many people in our industry will be thinking ‘why does this all sound so complicated and why does it matter to me'? The good news is this: like all things in insurance, the core issue boils down to a small number…