News
Guidewire 2017: Chatbots could aid in compliance and fraud fighting
Chatbots have the potential to help insurers meet regulatory demands as well as using machine learning to flagg up potentially fraudulent behaviour.
Muang Thai Insurance offers driving smartphone app
Thailand insurer Muang Thai Insurance has released an idrive motor smartphone app which uses UK insurtech start-up Inzura's app and cloud based platform.
Asia marine war syndicate launched in Hong Kong
Hong Kong-headquartered insurer Asia Insurance has become the lead underwriter for a marine war risk syndicate based in Hong Kong.
Digital and Insurtech Awards 2017: Winners
The industry’s tech gurus gathered this afternoon for Post’s annual Digital Insurance Awards. The winners are listed below:
Brokers withheld premiums from Enterprise MGA after insurer's collapse
Exclusive: Brokers withheld premiums from Enterprise’s failed managing general agent in the wake of the insurer’s collapse.
This week in Post: Anti-bullying, Amex and IPOs
As the mother of a nine-year-old son who is growing up in a digital world where his life might be played out on social media I was shocked to learn that Childline held over 12,000 counselling sessions with children who were concerned about an online…
Cage fighter's spurious claim knocked out of court
A champion cage fighter has been ordered to pay court costs back to Aviva after his whiplash claim was ruled to be fundamentally dishonest.
Underwriting Service Awards 2017: Winners
The leading lights of underwriting gathered last night at Post’s annual Underwriting Service Awards. The winners are below:
Lycetts appoints Charles Foster as CEO
Lycetts has appointed Charles Foster as CEO, subject to regulatory approval.
Andrew Fyfe announced as new Ifed chief
Detective chief inspector Andrew Fyfe has been appointed as the new head of the City of London’s Police’s Insurance Fraud Enforcement Department.
Amex winds up its travel insurance business
Exclusive: American Express has placed its travel insurance business into run-off, as part of a wider restructure of its insurance unit.
Charles Taylor opens Leeds office
Charles Taylor Adjusting has opened a new office in Leeds focusing on construction professional indemnity.
MP launches petition to freeze IPT rise
An MP has launched a petition urging the government not to raise the Insurance Premium Tax in next week’s budget.
Compre to acquire reinsurance portfolio from Allianz
Compre has agreed to acquire a portfolio of assumed non-life reinsurance business from Allianz for an undisclosed sum.
Perils provides Xavier loss estimate
Zurich-based nat cat data firm Perils has given its initial loss estimate for extra-tropical Cyclone Xavier which hit Germany on 5 October.
Axa commits €200m a year to innovation; will reduce head office costs by 25%
Speaking at an investor day Axa group CEO Thomas Burberl is looking to innovate to accumulate.
Insurers 'shouldn't underestimate Amazon'
Insurers shouldn't underestimate Amazon in its plans to expand into insurance, a conference heard.
Guidewire 2017: 95% of investment in distribution 'will be wasted'
Investment made by insurers into new distribution models and technology could be wasted, a conference heard.
Markerstudy makes 27 redundancies at Chesterfield office
Markerstudy has made 27 employees redundant at its Chesterfield site.
Guidewire 2017: General insurance to lead the way in digitalisation
General insurance is 'the ideal industry for digitalisation' because of the resources of incumbents, a conference heard.
Insurers divest $20bn from coal
Insurers are divesting an estimated $20bn (£15bn) in equities and bonds from coal projects, according to the Unfriend Coal campaign.
GRP appoints Graeme Lalley as CIO
Broker investment vehicle Global Risk Partners has appointed Graeme Lalley chief information officer.
We Go Look set for 2018 UK expansion
On-demand field inspection and verification firm We Go Look is planning to firmly establish its presence in the UK market next year.
Guidewire 2017: Insurers urged to switch to live data
Insurers should look to switch from static data to live data in order to accurately track risks faced by customers.