Technology
Markerstudy launches ‘life hack’ app Trice
Markerstudy has launched a “life hack” multi-lines direct app, in partnership with RDT.
EMEA organisations falling behind on cyber insurance spend
Organisations spend on average four times more on insuring physical damage, such as property, plant and equipment insurance, than they do on insuring information assets.
Axa's Brendan McCafferty on AI and staff
Artificial intelligence is raising concerns among insurance staff but Brendan McCafferty, CEO of Axa Insurance, believes it opens up a range of possibilities.
This week in Post: storm warning
Almost 30 years ago to the day, I had my first introduction to the power of Mother Nature and the world of insurance as the 'Great Storm' of October 1987 swept across the UK.
Blog: Breaking the renewal cycle with subscription-based insurance
Nigel Phillips, commercial director at CDL, lists the advantages of insurance customers going monthly.
Lemonade develops API to sell insurance via online retailers
US insurtech firm Lemonade has developed its own application programme interface which will allow web developers to offer the firm’s policies via their own websites.
US rideshare insurtech looks to expand globally
Munich Re’s Digital Partners has entered a strategic partnership with Inshur, to develop and distribute commercial auto insurance products through a mobile technology platform.
Sharing economy lays liability minefield, warns Marsh
Companies in the sharing economy sector are more exposed than others to the risks associated with an evolving employee base and the emergence of digital technologies, according to a report by Marsh.
Commercial Legal adopts 'lie detector'-type technology in claims process
Commercial Legal, part of the One Call Group has adopted lie detector technology within its claims operation.
Octo buys telematics assets of Willis
Octo Telematics will acquire the usage-based insurance assets of Willis Towers Watson, including its Drive Ability solution.
Four out of 10 brokers ‘unaware of GDPR’
Four out of 10 brokers are unaware of incoming data protection laws that could potentially shave millions from profits, a survey found.
Predicted losses from cyber crime hits £4.54trn
Losses from cyber crime are only likely to increase because of far-reaching global connectivity, with predicted losses set to reach as high as $6 trillion (£4.54 trillion).
Analysis: Legacy: Changing legacy
Once neatly shunted to one side as an IT issue, legacy now casts a long, darkening shadow across the insurance industry
Last day for ICO's GDPR consultation
Today is the last day of consultation on the General Data Protection Regulation.
Biba unveils 'innovation' theme of next year's conference
The British Insurance Brokers’ Association has announced 'Innovate Evolve Thrive’ as the theme for its 2018 conference and exhibition which will be held in Manchester in May 2018.
Blog: Counteracting travel risks with enhanced connectivity
As travellers venture further afield and mobile devices touch on all areas of life, Chris Knight, head of corporate services for Cega, asks if travel insurers are missing a trick by not contacting with their customers to offer real-time risk updates.
Insurance start-up to offer protection against gazumping
Insurance start-up Homelyfe has launched home buyers insurance which will protect against gazumping.
Lloyd's signs AI deal with Expert System
Lloyd's of London has teamed up Italian technology firm Expert System to bring artificial intelligence into the market.
PPL update goes live with carrier integration capability
The latest update to the London market’s electronic placing platform went live today, bringing the first phase of a carrier integration capability.
Guidewire buys risk analytics firm Cyence
US software house Guidewire has reached an agreement to acquire California-based data and risk analytics firm Cyence for $275m (£210m) through a mix of cash and shares.
Willis Re and Tiger Risk team up on reinsurance placement platform
Willis Re and Tiger Risk Partners have teamed up to develop the X-gRm reinsurance online placement platform.
Customers remain 'underwhelmed' despite $1.8bn insurtech investment
Investment into insurtech has already reached $1.8bn (£1.37bn) this year, however customers have yet to see any benefits in terms of improved customer experience, research has found.
Aviva acquires majority shareholding in digital investment firm
Aviva has agreed to acquire a majority shareholding in the holding company of digital investment firm Wealthify.
Top UK insurers 2017
Hit by a negative discount rate, the top 100 UK insurers reported a combined underwriting loss last year. What other challenges has the market faced?