Technology
Trade Voice: Airmic's John Hurrell - The value of insurance
It is more important than ever for the market and its customers to work together to demonstrate the value of commercial insurance
Budget 2016: Safe Harbour lanes mooted as UK shifts gears on autonomous vehicle investment
A £15m ‘connected corridor' from London to Dover, driverless car and truck platooning trials were all outlined as part of the 2016 Budget in a move to retain the UK's position in the market.
Blog: Insurers - ignore the Millennials at your peril
After spending decades in the insurance industry on several continents, it never ceases to amaze me how we continuously fail to adapt to change as effectively as other industries around us.
Markel launches fintech protection
Markel International has launched a policy that offers protection for businesses operating in the fintech sector.
Budget 2016: UK to be driverless cars ‘centre for excellence’
A £15m "connected corridor" from Dover to London and further driverless car and truck trials were all announced in today's (16 March) Budget.
C-suite Insurer: Aviva's Rob Townend - Well done insurers
By showing the value of insurance and the claims process, customers may one day say “well done”
Blog - Adapting insurance for the digital age
If insurers cannot keep up with customer preferences and technology they will be supplanted by those who can.
Lloyd's underwrites first blockchain solution for sharing economy
The first blockchain insurance product for the sharing economy - underwritten at Lloyd's - has launched.
Post Digital Insurance Collective: Aviva CDO Brem - digital needs its own P&L to make it a board room reality
To succeed in the digital space insurer boards need to have the "guts" to make it a strategic priority, pull capital in from elsewhere to prove it, give it its own profit and loss "teeth" and build a few icons to underline a commitment to the cause.
Post Digital Insurance Collective Blog: Design thinking, feeling uncomfortable and three centuries of caffeine fuelled innovation
Following last week's Digital Insurance Collective meeting, I promised to put together a blog consisting of my top eight take homes from my discussions and observations. So here are my thoughts, please share your own in the comment box below.
Insurers need 'massive mind-shift' to create Amazon one click revolution, claims Aviva’s Brem
Insurers need to focus on the "ultimate tailoring" of their offerings and take the plunge on "appification", if they are going to compete with online giants like Amazon.
Carrot suggests IPT exemption for young drivers
Telematics provider Carrot wants Chancellor of the Exchequer George Osborne to exempt young drivers from paying insurance premium tax if they buy an approved safe driving telematics programme within one year of passing their driving test.
UK-based insurance disruptor Zugar Znap expands to Europe
Millennial-focused insurer Zugar Znap will expand into France and Germany in a joint venture with German-based start-up platform Mass Up.
European insurtech investment set to grow as global fintech funding reaches £13.4bn
European insurers are set for the same levels of transformation as the banking sector, according to a KPMG report, which has tipped further growth in the insurance-tech industry in Europe in the coming years.
Penny Black's Insurance Week - 10 March 2016
When Penny decided to move with the times and get rid of her battered old typewriter little did she know that others were not following suit.
Driverless HGVs to be trialled in UK under government plans
Driverless lorries will be trialled on UK motorways this year with funding for trials expected to be earmarked in the 16 March Budget, according to reports.
Blog: A digital tipping point for the insurance industry
The insurance industry can no longer afford to maintain the status quo, and is rapidly reaching a tipping point.
Axa invests in German digital health start-up
Axa Strategic Ventures, the €230m (£178m) venture capital fund set up by the French insurance giant, has announced it is leading an investment round in Medlanes, a Berlin-based digital health start-up.
Blog: Five reasons insurance incumbents secretly think they aren't going to get disrupted
I was privileged to be able to attend a roundtable discussion this week on innovation in the insurance space and found the conversation surprising.
Big data take-up slower among mid-tier UK insurers
Fewer mid-tier UK insurance firms are prioritising big data, with less than half prioritising such strategies compared to 82% of their large counterparts, according to a market survey.
RAC buys Nebula Systems to boost telematics offering
RAC has acquired vehicle data company Nebula Systems, a deal the breakdown assistance provider said will boost its telematics offering.
Cash-for-Crash Fraud: Beating the fraudsters
The Welsh Police have done a sterling job breaking a large car insurance fraud ring in South Wales – but there are fears such scams will go undetected unless the British insurance industry improves its detection powers
Hiscox teams up with start-up broker for pay-as-you-go host insurance
Online platform Belong Safe has today launched the first on demand host insurance product to cater for the rising home-sharing market.
Profit cannibalisation and regulation concerns pushed Google's aggregator exit
Cannibalisation of profits and regulatory concerns were among key reasons behind Google's decision to exit the competitive aggregator space, but this may not be its last venture into this sector according to market analysts.