Technology
Ageas’s Clarke on what GenAI means for fraud
View from the Top: Adam Clarke, chief underwriting officer at Ageas UK, says artificial intelligence is a double-edged sword in the fight against fraud.
QuestGates to invest fresh funding in tech and acquisitions
QuestGates has secured investment from private equity firm Equistone and, according to CEO Chris Hall, is planning to invest the funds in technology and acquisitions.
The CrowdStrike outage – assessing the fallout for the insurance market
After a poorly-executed update to cyber security firm CrowdStrike’s Falcon Sensor software caused millions of Windows devices to go offline, Tim Johnson, partner at Browne Jacobson, assesses the lasting impact and implications for cyber insurers as the…
DynaRisk’s Martin on the insurance industry’s cyber resilience
DynaRisk’s Andrew Martin discusses the cyber resilience of UK insurance firms, exploring hacker motivations, common threats and challenges that firms face.
Is embedded insurance friend or foe?
Joe Sultana, commercial director of IS2, on how to ensure the convenience of embedded insurance does not lead to a lack of informed decision-making plus a repeat of the payment protection insurance mis-selling scandal.
Co-op Insurance shares lessons learnt from Amazon encounter
Charles Offord, managing director of Co-operative Insurance, has expressed his disappointment over Amazon’s decision to pull the plug on its Insurance Store but noted it could make a comeback.
E-bike battery legislation ‘warmly’ welcomed
The UK government has announced its intention to legislate to reduce the fire risks associated with electric power-assisted bicycles and lithium-ion batteries.
Devil is in the detail for CrowdStrike outage claims
Last week’s global IT outage could produce insurance losses of up to $1.5bn, though how policies will respond remains uncertain.
Cuvva CEO on achieving profitability in a turbulent insurtech space
In its 2023 annual report, the car sharing insurtech revealed it was able to go from a £6m loss in 2022 to £3.8m adjusted profit in 2023.
Why EU’s rules represent critical cyber milestones for insurers
Given today’s interconnected insurance ecosystem, Thomas Brogger, regional vice president of Sapiens, recommends providers pay close attention to the European Union's Digital Operational Resilience Act before it takes effect in January 2025.
Insurers brace for global IT outage claims
Last week’s global IT outage is expected to lead to insurance claims, with companies across the sector closely monitoring its impact.
Is Labour the key to a telematics renaissance?
News Editor’s View: With the newly elected Labour government determined to fix and address motor insurance premiums, Scott McGee asks if telematics hold the key to pushing down the price of cover.
LexisNexis accused of price increases despite limited product improvements
A source has told Insurance Post that they have seen prices for Thatcham's motor data increase by around 60% since the partnership with LexisNexis was announced earlier this year, despite very few of the promised improvements coming through.
60 Seconds With... Xceedance’s Leo Lockwood
Leo Lockwood, client partner for EMEA at Xceedance, would like to travel back in time to have his mind blown by the prehistoric era and is inspired by Buzz Lightyear to go to infinity and beyond.
Q&A: Sara Newell, Moneysupermarket
Sara Newell, commercial director of insurance at Moneysupermarket, reflects on whether Amazon’s exit will put others off challenging price comparison websites plus how the business is helping providers adhere to the Consumer Duty.
How to build your personal brand on LinkedIn
In the first of a new weekly series of Insurance Post Top Tips videos, Samantha Lydon (Ridgewell), founder of Empower Development, explains how to stand out from the crowd on social media.
Is fraud detection the only funding certainty in insurance?
Content Director’s View: Another year, another raft of insurers highlighting record fraud detections and savings. Jonathan Swift reflects on this and asks whether the industry is close to a tipping point when it comes to continued improvements in…
British Insurance Awards 2024 winners revealed
Aviva was among the big winners with four outright prizes at last night’s (3 July) British Insurance Awards, on an evening where former British Insurance Brokers’ Association CEO Steve White was recognised with The Achievement Award.
One-in-10 specialty insurers expect to scale AI use in 2025
Oxbow Partners has predicted that 2024 will be a year of divergence for the use of generative artificial intelligence in the specialty insurance and reinsurance markets.
Pain points in deploying AI models in insurance
Darran Simons, head of insurance EMEA at Fico, explains the ongoing challenges that are hindering deployment of artificial intelligence and delaying execution of programmes in general insurance.
Defaqto unveils plan to prepare insurers for data revolution
Defaqto CEO John Milliken has revealed plans to shift his organisation’s offering from giving general insurers an overview of where their products sit compared with their competitor’s offerings to equipping them with data to shape their strategy.
60 Seconds With... Sam Marsh, LexisNexis Risk Solutions
Sam Marsh, director of insurance product management for UK and Ireland at LexisNexis Risk Solutions, shares why dinnertime is the best part of the day, her love of dressing up as Amy Winehouse, and why David Attenborough is an ideal dinner guest.
Use ‘data explosion’ to make property claims more predictable
Lessons could be learned from the motor sector in terms of making property insurance data more standardized to help with predictability and clarity around claims.
Lloyd’s urged to change approach to Blueprint Two
Lloyd’s of London may need to take a “more progressive route” to achieve Blueprint Two to ensure specific benefits of the transformation are realised.