Technology
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.
Content director's comment: Does Elton John signal the end of the insurtech buzz?
As a younger music fan, nothing gave me a greater kick than finding a band on the bottom of a bill in a grimy venue that blew me away.
Interview: Anthony Baldwin, AIG
Eighteen months into his role, Anthony Baldwin, CEO of AIG Europe and AIG UK, talks to Stephanie Denton about restructuring, co-creating and being the first insurer to move to Luxembourg.
Fadata in 'investment mode' as it acquires technology specialist Impeo
Exclusive: Fadata Group has acquired Munich-based technology specialist Impeo and its subsidiaries.
Homelyfe appoints Peter Barrett as chairman
Insurtech company Homelyfe has hired ex-Genworth Financial managing director, Peter Barrett as chairman of the business.
Insurers in call for clarity over autonomous and assisted technology
Insurers have today highlighted the potential dangers of the ambiguities surrounding autonomous driving and driverless technology.
Rising Star: Louise Williams, Smartdriverclub
Having worked for an aggregator, Williams is now a product manager at the broking start-up
Roundtable: Industrialising insurance innovation: Breaking down silos
The scalability of digital innovation is a problem for the insurance industry. What can be done to prepare insurers to create initiatives with the ability to ‘build fast and fail fast’?
GDPR to boost UK cyber insurance take up, says Hiscox CEO
Incoming European data regulations will drive demand for cyber insurance in the UK, according to Hiscox’s CEO.
IBM terminates £55m digital transformation deal with Co-op
IBM has terminated its £55m contract to upgrade Co-op Insurance’s IT systems.
Blog: Building on blockchain
Blockchain is gaining popularity among insurers, who will need to figure out how to integrate it with legacy systems, says Michael Clifton, senior vice-president, global insurance strategy and ventures at Cognizant.