Technology
This Week: We'll be watching you
At long last, the Civil Liability Bill cleared its final parliamentary hurdle this week, opening the way for a much-awaited review of the personal injury discount rate.
Aviva takes majority stake in Neos
Aviva has acquired a majority stake in connected home insurtech Neos.
Insurtech funding in 2018 close to all time record
Insurtech start-ups deals reached $2.6bn (£2.3bn) in 2018, with a highest ever volume of 204 deals, research found.
Motor insurers paying out record £23m in claims every day
Motor insurers have paid £23m to motorists every day of the year so far, Association of British Insurers’ research has found.
Blog: Who Monitors Wins
The insurance industry has never been so dynamic in terms of the new players and products coming on stream on what seems like a daily basis. Marketing Eye CEO Neil Edwards offers his advice on how to stay ahead of these developments whilst managing to do…
Lemonade rival Hippo secures $70m in funding
Lemonade rival insurtech Hippo has secured $70m (£55m) in Series C funding, led by Felicis Ventures and Lennar Corporation.
Blog: And the next CEO is…?
There continues to be change at the top of the UK's insurer board rooms. But instead of relying on the tried and tested recruitment strategies of the past, Consumer Intelligence's Ian Hughes suggests a more meaningful strategy to get the most out of your…
Zego to offer ‘flexible’ business insurance through challenger bank Starling
Zego’s partnership with Starling Bank will see it offer public liability insurance for small enterprises through the mobile-only bank’s marketplace, with a view to making other lines available in the future.
Interview: Ian Muress, Sedgwick International
Having left Crawford in April 2017 after 15 years at the firm, Ian Muress resurfaced in January as CEO of Sedgwick International, a claims business he describes as the largest of its kind "on the planet". He spoke to Jonathan Swift about why people…
Blog: Insurance needs to re-skill its workforce
In a world where insurance processes are being automated, the industry needs to re-skill the next generation of workers, writes Brett Moffatt, managing director, Europe, Middle East and Africa, of Talent Intelligence.
Mike Brockman reveals plans for ‘next generation’ telematics
In his 38th year in the motor insurance market, former Insure the Box CEO Mike Brockman has global plans for his new “revolutionary” telematics and dash cam device. He met Post to reveal how Thingco’s ‘Theo’ works and how he’s determined to bring…
Manjit Rana to lead Corporate Innovation insurtech practice
Ingenin founder and CEO, Manjit Rana has joined Startupbootcamp in London as its managing director for corporate innovation in insurance.
International General Insurance appoints first CTO
International General Insurance has appointed Nasser Zagha to the newly-created role of chief technology officer.
Iotatech gets £1m capital injection in second funding round
Exclusive: Start-up Iotatech's £1m raise will secure its development and growth over the next two years.
Iprism chair declares turnaround complete after Gable fallout
The chair of underwriting agency Iprism has vowed that it will never work with unrated capacity again having only just got its house in order after the collapse of former partner Gable in 2016.
Week in Post: Spotlight falls on Banks
The spotlight has been on Arron Banks this week but we've also seen some major business acquisitions.
Amazon to shake up the insurance market by 2023, warn insurers
Amazon will have a disruptive impact on the insurance industry in the next five years, insurers say.
Ageas' Bart De Smet on staying relevant in 2030
Insurers need to act now to stay relevant to their customers in future, writes Ageas' CEO Bart De Smet.
Q&A: Matthew Avery and Graham Gibson, Thatcham
As cars move towards automation, Jen Frost spoke to Graham Gibson, chairman of Thatcham Research and Allianz’s chief claims officer, and Matthew Avery, director of insurance research at Thatcham Research, about how the UK research centre is working with…
Munich Re-backed insurtech that uses AI to detect fraud attracts $14m in funding round
Fraugster, a software company that uses artificial intelligence to prevent fraud for online retailers, has raised $14m in funding as it looks to expand into new markets.
Eldon could face ‘significantly higher’ fines as ICO launches audit
Eldon Insurance could be faced with fines that are “significantly higher” than the combined £135,000 it and Leave.EU have been ordered to pay if the Information Commissioner’s Office finds evidence of misdeeds in an audit of the broker.
Amazon frontrunner in digital leaders report as Aviva takes insurance top spot
Aviva takes the crown as digital insurance lead, but insurance as a whole is middling compared to other sectors, according to a report.
Number of insurtech patents has doubled in the last five years
The insurtech sector continues to grow, with a 40% increase in the number of insurance-related patents, research found.
WTW's Nicolas Aubert on being bold to thrive in a global market
In a volatile geopolitical landscape, Nicolas Aubert, head of GB, Willis Towers Watson and current president of the Insurance Institute of London, urges the market to take the opportunity to rethink its position and think globally.