News
How should the insurance industry responds to sexual harassment law change?
As workplace sexual harassment laws are made stricter across the whole country, Séamus O’Hanlon asks if the insurance sector is prepared and if its culture has learned from previous systemic misconduct.
OpenAI reveals ‘strength and depth’ of security insurers need
Viyat Bhalodia, a member of the technical staff at ChatGPT creator OpenAI, has outlined the security controls insurers need when using artificial intelligence agents.
Insurance sector reponds to 2026 Budget
John Healey has delivered his first Budget as Chancellor of the Exchequer today (28 October), bringing in a range of changes for SMEs and UK businesses, but notably failed to act on Insurance Premium Tax rates.
Zurich’s Matthias says EU climate alliance is a ‘shared priority’
The European Union will establish a Climate Insurance Alliance, which will deliver actions to narrow the climate protection gap as Zurich’s Resilience Solutions’ global head, Robin Matthias, said the scheme was an opportunity for public-private co…
Lloyds Bank picks Superscript for SME insurance
Lloyds Banking Group has selected digital insurance broker Superscript to provide business insurance to its small business customers.
Guidewire eyes AI agents as consumers of platform
Guidewire is “starting to think about AI agents as sort of first-party consumers of this platform,” according to CEO Mike Rosenbaum.
Guidewire pays £1.2bn for Hyperexponential
Guidewire is set to buy Hyperexponential for $1.7bn (£1.27bn), with $400m (£300.05m) more payable if recurring revenue targets are hit, as it looks to ‘define’ the use of artificial intelligence in underwriting.
Only 1 in 10 insurers prioritises knowledge-transfer programmes
The insurance industry could risk losing decades of expertise as experienced professionals retire without properly passing on vital knowledge to the next generation.
Pothole claims rise 25%
Motor insurers continue to face pressure from rising vehicle repair costs, after reports found a 25% year-on-year increase in pothole-related claims despite government funding.
Wakam acquired by AmTrust International after ban
AmTrust International has acquired Wakam as the two insurers said the enjoinment will lead to expansion into “new niche products and geographies”.
Aon Re’s UK CEO Andrew Laing passes away
Andrew Laing, CEO of reinsurance for the UK and chairman of global facultative for Aon, has passed away.
Fraudster fails to pull wool over Ifed’s eyes
City of London Police’s Insurance Fraud Enforcement Department is investigating suspected fraudulent insurance claims over the alleged theft of more than 650 sheep.
Insurers step up ghost broking crackdown amid daily discovery
The Insurance Fraud Bureau has warned that at least one new ghost broking network is being uncovered every day, with the UK sector now pooling together to tackle the growing issue.
House of Lords criticises the FCA, saying it ‘must go further’
The House of Lords Financial Services Regulation Committee has concluded its findings around the regulation of travel and home insurance policies in the UK, and said the regulator has “more to do” to address customer understanding and outcomes.
Vehicle design must prioritise function over style
Allianz has said vehicle design must prioritise safety and functionality over style, after reports warned that the more digital vehicles become, the more competition there is for drivers’ attention.
Marrow progresses in ChatGPT race amid regulatory concerns
Firms need AI that can deal with regulatory concerns to succeed in the new “agent economy”, according to Marrow’s co-founder and CEO Tim Graham, as the platform completes its pre-seed round.
Markerstudy to axe 80 roles in latest simplification drive
Markerstudy is removing approximately 80 roles across the group as part of a business simplification programme and strategic shift, Insurance Post can reveal.
Driver distraction raises road safety and insurance concerns
Driver distraction has been highlighted as a growing road safety challenge, with experts warning that tackling the issue will require safer vehicle design, changes in driver behaviour and stronger prevention measures.
CFC report highlights gap in cyber awareness and understanding
Research from CFC has found that while SMEs are aware of the threat of cyber-attacks, most misunderstand the threats they face and the protection cyber insurance provides.
First Central launches agentic AI motor proposition with Microsoft
First Central has launched Motivo, an agentic AI-powered motor insurance proposition, developed with Microsoft.
Zurich’s Ransome says government must improve its apprenticeships
The government must “stop moving goalposts” with its apprenticeship and technical education system as well as promote inclusive work experience said Zurich UK’s Michelle Ransome, talent acquisition manager.