Aviva has created a new prototype system that will use Big Data rather than rely on customers to fill out hundreds of questions when making an application.
Ian Penny has been appointed as chief information officer for Hiscox, taking over from Gareth Wharton who is joining a newly formed cyber initiative at the company.
With almost 173,000 reported cases last year, identity fraud is an ever-increasing problem. Insurers are taking a proactive approach to fight this pernicious problem
The Association of British Insurers’ announcement that motor insurance premiums hit their highest recorded levels at the end of last year is another reminder that change is long overdue in the personal motor market. That’s coming but will it be enough?
Can advances in imaging technology really help engineering risk underwriting? Richard Radevsky, executive committee member of International Association of Engineering Insurers, believes they can.
Policy history data can help insurers detect fronting.
Tech-driven commercial insurance broker Konsileo has entered the market and is in the process of recruiting mid-market brokers.
As traditional insurers partner with start-up tech companies, the landscape of insurance is changing. Start-ups pose less as threats hellbent on disrupting the industry and more as an opportunity waiting to happen. Post, in association with Mendix,…
The Insurance Fraud Bureau has opened up its membership to insurance solicitors, investigators, loss adjusters and third party administrators.
A series of insurtech start-ups have completed the Accenture Innovation Lab programme and are set to begin their seed funding rounds.
Insurance has traditionally been considered a grudge purchase, driven by the legal requirements for cover and a desire for financial protection. Indeed, 41% of respondents in a Consumer Intelligence poll said they thought of insurance as "a necessary…
The broker landscape continues to evolve at an increasing rate and the industry is under constant pressure to adapt rapidly in order to keep up.
Recent reports that copies of footballer David Beckham's personal emails had been stolen from his publicist illustrate the speed information can spread once personal or sensitive information is placed in the public domain.
Personal injury took on a new meaning for me this week when I discovered a bruised ankle picked up during a recent paragliding adventure was actually a bad break.
The growing usage-based insurance market is an opportunity for insurers, but there are some barriers yet to overcome.
The vast amount of data available to insurance providers in an increasingly digital world offers extraordinary potential for our industry, allowing us to understand our customers better, to refine our pricing and to improve and personalise the…
Large numbers of uninsured cars have been seized but many vehicles continue to drive around uncovered
Towergate-backed managing general agent Fusion has launched a cyber and data product offering limits of up to £5m.
Telematics data shows young drivers drive more carefully in winter than in summer. This type of insight can help insurers develop new rating factors.
IBM's AI computer
RSA has made its first external fintech venture with a cash for shares investment in app-based pet specialist Pitpatpet.
With the industry seeking to find out just how a single view of the customer can be achieved, Post, in association with Visionware, brought together specialists in a roundtable to discuss how digital is driving business
Although the adoption of My Licence has been slow to date, the Motor Insurers’ Bureau has predicted an increase in uptake to 50% this year. Will 2017 see the service reach critical mass?
Blockchain technology is a viable option for the London market, a report has found.