Technology
Blog: Are MGAs a desirable route to market for insurtechs?
There is so much talk about collaboration between insurtechs and insurers or managing general agents, but John Price, chief operating officer at Scheme Serve, asks is this collaboration out of design or necessity and are managing general agents a good…
Interview: William Stovin, Markel International
As Markel International gears up for more growth across its national markets business and looks to build on its presence in Europe, Jen Frost spoke to Markel International president William Stovin about the history of the business and why Brexit has…
Trov and Lloyds release renters' insurance app
Insurtech Trov has launched an end-to-end digital renters' insurance application, in partnership with Halifax Home Insurance, part of Lloyds Banking Group.
Foil expands cyber sector focus team to include technology
The Forum of Insurance Lawyers has expanded the remit of its cyber liabilities sector focus team to include insurers’ and law firms’ use of technology in claims handling, as well as claims law related to cyber cover and digital processing.
Roundtable: Getting over the back office blockade
Digitalisation remains the juggernaut that insurers cannot sidestep if they are to remain relevant. However, they risk falling behind more agile rivals if they fail to modernise their back offices: the beating heart of the business which might be in need…
Cuvva aims to bypass PCWs and brokers as it raises £15m
UK-based insurtech startup Cuvva has raised £15m in series A funding round as it prepares to launch a pay-monthly product at the beginning of next year and disrupt the existing insurance status quo
Blog: Future-proofing the broker model
The insurance market seems stuck on the idea that digitisation and a move to app-based insurance products, will negatively impact brokers. Inzura CEO Richard Jelbert explains why they should be seen as an opportunity instead.
This week in Post: hanging by a thread
This week, Transport for London has revoked Uber’s licence to operate in London, causing fear among the capital residents who often rely on the app-based service to get them home safely after a night on the town.
Interview: Jonathan Hewett, Thatcham CEO
Jonathan Hewett replaced Peter Shaw as CEO of Thatcham Research in January this year. He spoke to Post about Thatcham’s 50th anniversary, vehicle 2.0 and the trends in the motor industry.
Ex-Aviva director Russell launches 'Fit Bit for business' insurtech Brisk
An insurtech fronted by a former Aviva director is in negotiation with a trio of major insurers about adopting its solution, which co-founder and CEO James Russell describes as “Fit Bit for business”.
Blog: Model risk management in insurance - what does the future hold?
Risk management within the insurance industry has drastically changed within the last 10 years and, according to Henry Umney, CEO of Cluster Seven, this is mainly due to regulatory responses to the 2007 financial crisis.
Go Compare joins Cifas
Price comparison website Go Compare has joined fraud-busting body Cifas.
Blog: A demanding future – future trends that will define insurance in 2020
The insurance industry stands on the precipice of profound change – technology-driven disruption, changing customer expectations and the arrival of new competitors are shifting the industry’s challenges according to David Rush, Europe, Middle East and…
Analysis: How worried should insurtechs be by TFL's Uber clampdown?
If Uber's appeal to keep its private hire operator’s licence in London fails then this may have an immediate impact on insurtechs such as Zego and Inshur, but experts are divided on whether the longer-term outlook is brighter for them.
Blog: Reimagining insurance by learning from API innovation in other financial services
Application programming interfaces are now key to unlocking new sources of value for financial institutions. So much so, Cytora CEO Richard Hartley argues even the most traditional firms can digitally transform if they get the right data infrastructure…
Motor - Indicative reading time: 45 minutes
A series of CPD knowledge learning opportunities that can be used to accrue reading time. The pass rate is 80%.
This week in Post: Driving out distraction
Road Safety Week marked the launch of Post’s Driving out Distraction campaign, in which we are urging the industry to pay attention and pull over rather than using hands-free devices while driving.
How to take advantage of digital innovation as an MGA
At a time when managing general agents are performing strongly, working hard to stay profitable and maintain growth, the question of how to make best use of the latest tools is more important than ever
Direct Line aims to cut £50m in costs
Direct Line Group will look to save over £50m in costs before 2022, it said in a trading update.
Blog: Are MGAs best placed to build the future of underwriting?
Unencumbered by legacy technology, managing general agents are well placed to invent a better future for insurance. Cytora CEO Richard Hartley on why the likes of C-Quence and Convex are creating a radically different type of insurance company.
Aon buys insurtech Coverwallet
Aon is to buy insurtech Coverwallet, in a deal that is expected to close in the first quarter of 2020.
Staysure buys majority stake in aggregator owner
UK insurance and travel provider Staysure has acquired a controlling stake in Eclipse Financial Holdings, the owners of payingtoomuch.com.
Q&A: Laura Drabik, group VP of business innovation, Guidewire
Hiriyti Bairu spoke to Laura Drabik, group vice-president of business innovation, Guidewire about the opportunities and challenges facing insurers and insurtechs.
Go Compare owner appoints chief technology officer
The owner of Go Compare, Goco, has appointed Seb Chakraborty as group chief technology officer, with immediate effect.