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HF’s Preston outlines Car Wash’s goals after one million cases
Using AI-enriched data analysis to refine rules based on real life results such as court outcomes will be the next stage for motor insurance's anti-fraud software says Rick Preston partner and head of intelligence at HF.
TrendTracker’s Sell underscores China’s impact on motor insurance
Motor insurance’s total loss and repair strategies need to become more “sophisticated” particularly due to Chinese manufacturers says TrendTracker’s director Paul Sell.
Hood Group names Post Office’s Paddock as CEO
Hood Group has hired Paul Paddock as CEO, replacing Simon Hood, who stepped down last year.
Bupa’s Carroll encourages ‘proactive’ public-private partnerships
Health insurance providers should talk proactively with the government regarding public-private partnerships said Bupa CEO Chris Carroll, as the provider releases figures about the cost of “delayed healthcare”.
UK claims service hits new record high
Six out of eight general insurance business lines showed improvement when it comes to claims service in the second quarter, with only energy and marine declining, the latest data from Gracechurch revealed.
Insurance document fraud moves upstream
Document fraud is moving beyond claims and into underwriting as AI gives fraudsters new ways to exploit insurers.
Diary of an Insurer: Zurich’s Paul Green
Paul Green, Zurich UK's multinational hub manager, engages with brokers, leads underwriters, enjoys river walks with his dog and late-night F1 racing sessions.
Lloyd’s Tiernan reflects on 9/11 25 years on
Patrick Tiernan, CEO of Lloyd’s, made these closing remarks at the London market, Aon and Marsh's remembrance service for September 11 today.
Zurich UK promotes for commercial lead as Streidl departs
Zurich UK has appointed Anita Gabat as head of commercial insurance.
How 9/11 still shapes insurance
Editor’s View: On the 25th anniversary of 9/11, Emma Ann Hughes reflects on how the attacks changed terrorism risk, catastrophe modelling and insurance capacity forever and reminds the sector of how it must always help people recover from loss.
Editor’s Choice
Is a gen AI-enabled fraud tsunami heading for multiple business lines?
Amid an escalation of artificial intelligence-enabled fraudulent claims in the home and motor lines, Marcel Le Gouais explores how insurers are ramping up detection measures and collaborating with police to aid fraudster convictions.
Has broker Bennetts set a record with seven owners since 2000?
Content Director’s View: Private equity, consolidators, insurers seeking diversification ... these have all contributed to a boom in M&A and investment in the UK insurance sector since 2000. Jonathan Swift looks at which businesses have – as a result – changed hands the most since the turn of the century.
How insurers are navigating a stormy yacht market
From superyachts to mid-tier pleasure craft, Tom Luckham explores what's driving the yacht insurance market, and whether better tech, data and underwriting is keeping pace with risk.
Protecting panting pets from overheating in heatwaves
As the UK swelters through heatwaves, Scott McGee discovers insurers are seeing signs that soaring temperatures are changing the nature of pet claims and prompting renewed focus on prevention.
Insurance matrix
UK claims service hits new record high
Six out of eight general insurance business lines showed improvement when it comes to claims service in the second quarter, with only energy and marine declining, the latest data from Gracechurch revealed.
Middle East disruption drives uptick in travel insurance complaints
A 30% year-on-year rise in travel insurance complaints has been partly linked to disruption from the Middle East conflict. However, Millie Ridley, senior researcher at Fairer Finance, reveals customer satisfaction in the product continues to improve.
Energy leaders say insurance is ‘essential’ to their business
Energy business leaders view insurance as essential to their business and reckon insurers’ importance will grow, according to new data gathered by Reuters Insights and Axa XL.
Parametric benefits gain traction in travel insurance
A growing number of providers are introducing automatic flight and baggage delay payments as demand for faster claims solutions increases, according to Anna-Marie Duthie, insight consultant for general insurance at Defaqto.
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