Technology
Travelers acquires Simply Business for $490m
Travelers has agreed to acquire Simply Business from Aquiline Capital Partners for approximately $490m (£401m).
Digital Insurance Collective: AI poses threat to insurance jobs
The financial services industry is at risk of experiencing a job shortage due to the rise of artificial intelligence and related technology.
This week in Post: bags of losses
This week has been a tumultous one for me and the insurance market alike.
Charles Taylor completes integration of Cega
Charles Taylor has completed the integration of medical and travel claims firm Cega into the wider group.
Aviva to focus on cost-cutting in wake of restructure
Aviva will look to make cuts in areas of the business that overlap following the recent restructure.
Claims Club blog: Shaping insurance through digital eyes
The first Claims Club 2017 focused very much on the changing face of insurance through the lens of a number of insurtech entrepreneurs.
With the deadline less than a week away start your British Insurance Awards entry today
The countdown has well and truly began to get entries in for the 2017 British Insurance Awards with the deadline now less than a week away.
Direct Line to insure Tesla drivers
Direct Line will now insure Tesla drivers as part of a developed partnership between the two companies.
Faster claims payments a 'significant milestone' for TOM
The London market has reached a "significant milestone" in its modernisation programme by improving services and infrastructure for the market back office.
Ingenin looks to establish insurtech hub in Nottingham
Insurtech consultancy, Ingenin, is aiming to set up an insurtech hub in Nottingham and bring major insurers into the development of its platforms.
Legal Update: Robotic surgery - cutting through the insurance implications
With advances in robotics and artificial intelligence taking hold of the medical industry, do the benefits of robot-assisted surgery outweigh the risks - especially for insurers?
Aviva's Lindsey Rix on building trust and demystifying insurance
Let's be honest: insurance isn't the most exciting subject and it's often seen as a grudge purchase, something we have to have just in case the worst happens.
Compare the Market owner sees revenue up by 14%
The owner of Compare the Market has seen revenue grow by 14% in the first half of its financial year.
Phone app allows policyholders to log a cyber claim
A phone app that enables policyholders to easily claim for a cyber breach has been launched by CFC Underwriting.
LMG adds marine businesses to PPL platform
The London Market Group’s electronic PPL platform has introduced marine classes for trading.
Blog: Is your data breach response plan good enough?
Many savvy organisations are investing time and thought into data breach response plans.
Fosun helps The Floow raise £13m
UK telematics technology provider The Floow has raised £13m for equity investment from a variety of international funds.
Aviva partners with insurtech start-up Hibob
Aviva has signed a deal with insurtech start-up Hibob to better enable SME clients to set up workplace pension schemes.
SSP invests in ‘multimillion’ upgrade to troubled Pure platform
SSP will release a “multimillion” upgrade to its troubled Pure Broking platform this summer.
UK businesses to increase cyber security spend
Three out of five UK businesses will increase their cyber security budget in the next year, with more than 20% of those doubling their spending.
Blog: Stepping up the fight against fraud
Arguably, the insurance sector is behind many other verticals in transforming customer engagement and achieving the nirvana of delivering an excellent customer experience.
London market parties trialling Blockchain prototype
A Blockchain prototype will be rolled out as part of the London market modernisation scheme.
Go Compare to invest in start-up insurtech businesses
Go Compare is looking to invest in start-up insurtech businesses to help the aggregator website reach new customers, says CEO Matthew Crummack.
Go Compare demerger resulted in £8.1m hit to profit
The demerger of Go Compare from parent company Esure cost the business £8.1m, causing a drop in profit of 5.2%.