Technology
Fadata to make more acquisitions as it looks to further penetrate Africa and Europe
Fadata is planning to expand its presence in the European insurance market following on from its acquisition of Munich-based insurance technology specialist Impeo.
Hiscox appoints ex-GCHQ spy chief
Hiscox has appointed ex-GCHQ director Robert Hannigan as special advisor on cyber security to provide the business with intelligence on cyber risks and products.
Blog: Why incumbent insurers must buy out insurtech start-ups
Instead of just driving efficiencies, some start-ups now have the ambition to become full-stack insurers, warns Paul Cuatrecasas, CEO of investment bank Aquaa Partners, urging incumbents to buy out these potential competitors.
Zhong An IPO float opens with $550m cornerstone investment
The long-awaited initial public offering for online-only insurers Zhong An has launched.
Blog: Don't turn your back on fraud-busting tech
Fraudsters never rest and Lior Koskas, managing director of Digilog UK, urges the industry to remain open to sharing in the latest risk identification tools and continually review procedures for fraud.
Eight Bar Financial International acquires Accident Exchange Limited as part of major restructure
Accident Exchange Limited has been acquired by Eight Bar Financial International as part of a major restructure within Automotive and Insurance Group, AEL’s parent company.
Blog: Claims handlers vs robots
Steve Grieve, chief information officer at Claims Consortium Group, explores whether machines really can take over from humans in a claims environment.
Insurers prepare to tackle grey areas of GDPR as consultation opens
Concerns have been raised in the industry over grey areas regarding the implementation of the General Data Protection Regulation.
Zhong An seeks $11bn IPO valuation
Hong Kong-based online property and casualty insurer Zhong An is planning to seek an initial public offering valuation of up to $11bn (£8.3bn).
Blog: Making cyber relevant
Neil Ross and Delvin Tillett, senior vice-president and assistant vice-president for underwriting at Axis Pro Europe, explain how insurers and underwriters can make cyber policies relevant in today's fast-moving business environment.
Video: Crif's Sara Costantini on data's impact on pet insurance
Sara Costantini, director at Crif Decision Solutions, discusses with Post commissioning editor Cecile Brisson how data could revolutionise the pet insurance market.
Global firms launch blockchain prototype for reinsurance transactions
The Blockchain Insurance Industry Initiative, B3i, will begin market beta-testing of its reinsurance blockchain prototype for reinsurance transactions.
Axa to "rebalance" IT roles in Asia
Global insurer Axa has said it is "rebalancing some roles in the region" following a report it is cutting around 250 staff from its centralised Asia IT operations in Hong Kong.
Insurtech Q+A: Chris Bayley, co-founder, Cover Genius
Insurance Post asks Chris Bayley, co-founder of Cover Genius, about the global focused insurance start-up and the future of insurtech development.
Insurers may be forced to re-write cyber policies in preparation for GDPR
Insurers offering cyber policies may see themselves having to adjust the wording of their cyber policies as the General Data Protection Regulation comes into effect.
CFC Underwriting introduces dark web monitoring tool
CFC Underwriting has launched a dark web monitoring tool for its cyber insurance policyholders.
Home and motor insurers face £100m bill from GDPR
Home and motor insurers are facing an estimated bill of £100m due to not being able to contact historic customers after the General Data Protection Regulation comes into effect next year.
Three motor service providers acquired under new holding group AGL
Three brands in the vehicle repair, claims and technology sectors have been acquired under holding group AGL, which launched today.
Blog: How insurers can use data analytics to differentiate their products
Insurers shouldn't use data analytics just to drive efficiencies but also to innovate in terms of risk management, writes Paul Dix, insurance strategy consultant at CGI UK.
Legal & General partners with SSP to provide quoting platform for home insurance
Legal & General has partnered with SSP to develop a quoting process which uses big data to provide customers with a home insurance quote in 90 seconds.
Connected and autonomous vehicle testing hub receives £100m government investment
A co-ordination hub for connected autonomous vehicle testing has gained £100m in financial backing from the government's Connected Autonomous Vehicle investment programme in order to develop technology.
Neos to provide home insurance quotes in under 30 seconds
Insurtech start-up Neos has introduced a propositions which it claims will provide customers with a home insurance quote in under 30 seconds.
Fintech continues to grow despite worries over attracting talent
Half of UK fintech firms are expecting revenue growth to more than double in the next year, with some expecting their next fund raising round to exceed £2.5bn.
Interview: Wrisk co-founder Nigel Barton
Weeks away from launch, Wrisk co-founder Nigel Barton talks to Jonathan Swift about how his business hopes to change the insurance ‘dialogue’, the need for start-ups to forge partnerships with well-known brands, and why it is necessary for the UK to keep…