United Kingdom (UK)
Insurtech research 2018
From the app that arranges insurance for a day to the online service that pays claims in less than one minute, digital technology has transformed the face of the insurance sector. Post takes a closer look at the insurtech movement and its partnership…
Coverys outlines growth plans for Lloyd's business
Coverys is in talks about buying three large books of business in run-off, the company said.
B2B insurtech Hokodo raises €1.9m
Insurtech Hokodo has raised €1.9m (£1.7m) in a seed round led by fintech and insurtech venture capital investor Anthemis.
Penny Black's social world: October 2018
Ascending the Alps, relaunching rugby and seven marathons in seven days
Travel insurance: Transforming and challenging through digital technology
The insurance market and the tourism industry have not always had reputations for embracing the latest technology. But things are changing and digital advances such as geo-location and data analytics will only help accelerate the pace of change
Analysis: How regulation could clip the wings of CMCs
In six months’ time, claims management companies will fall under the umbrella of the Financial Conduct Authority.
85% of SMEs concerned over potential IPT tax rise
More than eight out of 10 small businesses are concerned about the possibility of a rise in the insurance premium tax, according to research.
Bruce Stevenson steams past £30m GWP, acquires regional broker
Independent Scottish broker Bruce Stevenson has bought Turiff-based Youngson Insurance Consultants.
Editor's comment: More hugs, less AI
This weekend, three generations of my family watched the Netflix original film Next Gen - a family version of I, Robot - where robots did anything and everything.
Ecclesiastical outlines plans to relocate HQ
Ecclesiastical will relocate its headquarters, but confirmed there will be no redundancies as a result of the move.
More hires expected as MGA Ascent plucks cyber head from Brit
Cyber and specialty lines managing general agent Ascent Underwriting has appointed Caspar Stops as head of cyber.
Brokerbility targets younger brokers to boost membership numbers
Independent broking network Brokerbility is targeting brokers with younger management teams in a bid to avoid clashing with consolidators, managing director Ian Stutz told Post.
Dual pricing sees price comparison sales drop
A greater awareness of dual pricing among customers is seeing fewer people buying insurance online, according to research.
Scottish broker becomes latest Brokerbility member
Glasgow-based broker CCRS becomes the 27th current Brokerbility member.
Markerstudy picks up 10,700 policies from collapsed Alpha
The Financial Services Compensation Scheme has signed off on a deal that will see 10,700 customers of failed Danish insurer Alpha have their policies moved to Markerstudy.
County Group expects to close more deals after swooping for Derby-based broker
The County Group has made its second acquisition of the year, having acquired Derby-based broker Rahon Insurance.
Analysis: Chatbots – Where is the love?
‘Chatbot’ has long-become an insurance industry buzzword, but penetration remains low and firms are still grappling with how to use early iterations of the technology. Elsewhere, some chatbot pilots have failed.
Rental market disruptor Canopy hits 10,000 users, poaches Chubb digital lead
Chubb’s former head of SME and digital, Ruth Polyblank has joined rental market disruptor Canopy, which now boasts over 10,000 users.
Allianz partners with ‘game changer’ car sharing marketplace Turo
Exclusive: Car sharing marketplace Turo has credited the unique insurance product for its successful UK launch last Tuesday.
Brokers look for alternatives following Premium Credit outage
Exclusive: Brokers have been seeking alternative premium finance partners as backup in the wake of the Premium Credit outage.
