Technology
Munich Re launches cyber cover for oil and gas sector
In an industry first, Munich Re has launched insurance cover to help tackle cyber exposures posed to the independent upstream oil and gas sector.
Cytora to expand internationally following successful partnerships
Following a £2.4m investment provided by Parkwalk, Artificial Intelligence start-up Cytora has successfully partnered with three insurers, providing their services in the commercial space.
Revised innovation strategies see insurers investing £1.53bn into insurtech
Major insurers have collectively invested $1.97bn (£1.53bn) into insurtech start-ups globally since 2016.
Aegon enters strategic partnership with fintech lending platform
Aegon has entered a strategic partnership with fintech lending platform, Funding Circle, with the intention of boosting UK SMEs.
Blog: Insurers must look beyond Brexit
From change management to cyber risk, Onno Bloemers, head of insurance at Delta Capita, explains why insurers need to look beyond Brexit to the wider challenges facing the industry.
Digital Insurance World 2017 - The Agenda
With less than two months to go before Digital Insurance World 2017 comes to London, the programme has been released.
Australian insurers need to innovate to survive, says TAS
Insurers need to deal with their legacy systems and adapt to insurtech threats according to Sydney-headquartered financial technology firm TAS.
UK businesses 'underestimate' the effects of cyber attacks
UK businesses underestimate how long the effect of a cyber attack will last, with 50% expecting to be fully operational after just 48 hours following an attack.
Hong Kong insurtech start-up registers 1000 users
Hong Kong digital app Cover Go, which helps organise policies, is gaining traction in the Special Administrative Region.
A-Plan's Carl Shuker on how to deserve customer trust
Insurers could create a panel of customer advocates to rebuild trust, recommends Carl Shuker, CEO of A-Plan Insurance.
Insurance Fraud Task Force calls on aggregators to use data sharing platforms
The Insurance Fraud Task Force has recommended that aggregators utilise software to weed out application fraud.
Trak Global reveals financing deal and restructure
Trak Global Group has secured a senior debt financing deal with HSBC and revealed a new group structure.
Blog: A dozen UK and European insurtech start-ups to watch in 2017 and beyond – part two
In preparation for Post's Digital Insurance World event, here are six more insurtech start-ups to watch.
Blog: A dozen UK and European insurtech start-ups to watch in 2017 and beyond – part one
Almost $1bn ($985m) was invested in insurtech in the second quarter of 2017.
Interview: Humphrey Bowles, Guardhog
Despite his last business venture crashing and burning, Humphrey Bowles, co-founder of Guardhog, has re-entered the insurance market with an insurtech proposition to serve the sharing economy.
GDPR consultation fails to address 'key concerns' of industry
The insurance industry has critcised the government statement of intent on the new data protection bill saying it fails to address concerns on processing sensitive data without obtaining explicit consent.
Businesses could face £17m fine for lack of cyber protection
Businesses that fail to protect their services from cyber attacks could face fines of up to £17 million, the Department for Digital, Culture, Media and Sport has warned.
Lathrope replaces Walker as SSP CEO
SSP has appointed Steve Lathrope as its CEO, replacing co-founder Laurence Walker in the role.
'Broad organic growth' behind Aviva success as investment in tech curbs expenses, says Holmes
Maintaining “ broad organic growth” has been a key driver of success behind Aviva’s half-year results, said Aviva UK’s CEO Colm Holmes.
More innovation to come from Axa as it looks towards driverless cars
Axa has said it will be looking to increase its involvement with insurtech and ‘lead the way’ on driverless cars, following recent insurtech partnerships.
Blog: How to get rid of legacy systems
Insurers are aware of the hurdles associated with replacing legacy systems. But there are ways to make it a smooth and beneficial transition, as listed by Grzegorz Podlesny, senior manager at Sollers Consulting.
Lemonade expands to fourth state since launching
Lemonade has launched its Artificial Intelligence-driven insurance product in New Jersey, making the state the fourth that it has expanded into.
Ed goes live with new trading platform to complement PPL
London market broker Ed is rolling out its own digital trading platform that will complement Lloyd’s payment placement platform.
Open GI completes acqusition of Transactor
Open GI has completed its transaction of rival software house Transactor Global Solutions.