Technology
More data needed to assess impact of telematics on young driver collisions, DfT finds
A Department for Transport report has concluded insurance data alone is not sufficient to assess the impact of telematics-based insurance on young driver accident rates.
Europe: Cyber thieves - the nightmare before Christmas for insurers
The nights are drawing in, Christmas is coming, and retailers are getting fat on the back of Black Friday and Cyber Monday, which have boosted annual high street sales this year to record levels.
Blog: Why Lloyd's is losing out on insurance technology innovation - and how it can fix this
While the founder of Lloyd's might be amazed by how far Lloyd's of London has come in a little over 300 years, this insurance market is no longer the pioneer of the industry that it once was.
Claims Club: Mobile phone payments key to improving satisfaction scores
Insurers need to wake up to the growing trend of customers using their mobile phones as a “unique” ID, which could help speed up claims payments and improve satisfaction scores.
Claims Club: Ex-Lloyd's CEO Ward urges wider tech focus
Insurers are too interested in “hygiene” factors at the expense of how technology might impact their business.
New contract with key broker for Xchanging
Technology services provider Xchanging has won a contract with Aon, announced this morning (30 November).
Fraud 2015: Banking v Insurance analytical resource is 'chalk and cheese'
Comparing the insurance industry’s analytical capabilities to those in the banking sector is like comparing “chalk and cheese”.
Blog: £700m earmarked for court efficiency reforms in the Spending Review
Chancellor George Osborne yesterday brought to an end speculation about whether funds for radical technology-driven reform to the court service would be made available.
Insurance Debate: Be more transparent, says Axa
Joining the debate this morning is Axa UK and Ireland's CEO, Amanda Blanc, who is a strong advocate for transparency in the sector and believes this is vital to gain the public's trust.
Allianz teams up with Chinese internet giant for digital venture
Allianz is to create a digital insurance company for the Chinese market, a joint venture with local internet giant Baidu and Asian investor Hillhouse Capital Group.
Insurance Debate: Scores at half-time
The great Insurance Debate is half way through and already momentum is gathering on both sides.
Insurance debate: Pride is a good thing
If you could choose two phrases to sum up the industry, would they be 'lucrative' and 'cutting edge'?
Expertise from A-Z: Safe as houses
Overseas investment in London has meant high and stable property prices. How can insurers stay in touch in such a competitive arena?
Insurance debate: Allianz believes trust is a top priority
To change public perception, a cultural shift and improved technology are needed, says Stephanie Smith, operations director for Allianz.
C-Suite: Tracking driving behaviour on the smartphone
Smartphone telematics apps are providing valuable data for insurers writes Paul Stacy.
Cloud insurance uptake set to increase in light of FCA consultation
A Financial Conduct Authority consultation giving guidance to financial services firms outsourcing to the cloud should result in more insurance industry players using the technology, commentators predict.
Insurance debate: We need to combat customer apathy, says PwC
Jonathan Howe, UK insurance leader at PWC, continues the discussion by wondering whether the industry gives itself enough ‘touch points' with customers and believes it needs to be more innovative.
Benefits of blockchain championed to slow starters in the UK
The UK insurance industry is "woefully behind" in its take up of blockchain technology, which commentators say will radically change the way insurance contracts and settlements are handled as well as potentially reducing insurance fraud.
Insurance debate: Aviva says it's all about the customer
For Lindsey Rix, chief operating officer at Aviva, the key to adding value to insurance is to make insurance products relevant and accessible, by using digital and social technologies to increase customer engagement.
Insurers feel 'under prepared' for cyber attack
Almost half of the insurers in the London Market feel under prepared for a Talk Talk-style cyber attack according to a survey by business technology provider Xchanging.
Asia: The complexity of cyber exposures
Businesses in Asia need to brace themselves for a new generation of cyber risks, as threats go beyond traditional ‘hacktivist’ attacks.
Blog: Tiny tech - but how big are the risks?
Insurers need to monitor nanotechnology developments as the miniaturisation trend could pose new, unsuspected risks.
In Series: Windstorms: Hindcast is a wonderful thing
Use of the right meteorological data is vital for insurers.
In Series: Windstorms: Be prepared
Insurers can make sure they’re ready to hit the ground running once a windstorm has passed by studying weather data before the storm hits.