Technology
Industry split on telematics data sharing amid anti-competitiveness concerns
Telematics data expected to become ‘ubiquitous’ within the next decade.
Prism Network predicts drying service will cut claims’ lifecycles
Disaster recovery business Prism Network has launched a drying service it predicts will improve insurer claims’ lifecycles from an average of 50 to 20 days on domestic claims up to £10 000.
Allianz launches enhanced tech PI product
Allianz Global Corporate & Specialty has launched an upgraded professional indemnity cover for of up to €20m (£16.5m) technology companies, software creators and telecommunications suppliers.
Ten Insurance to go live on Acturis platform
Ten Insurance Services is set to go live on the Acturis system at the beginning of January 2014.
Insurance Technology Awards 2013: Winners announced
Post’s Insurance Technology Awards took place last night at the Royal Garden Hotel in London.
Insurers must wake up to data risk danger
Data presents huge opportunities for insurers but the potential for misusing it is a serious risk for the industry, according to speakers at Post’s Insurance Technology conference today
Telematics data will never belong to insurers, claims Tesco Insurance MD
Insurers should abandon their concerns around the ownership of telematics data, Karl Bedlow, managing director of Tesco Insurance, has claimed.
Xactware and Rightmove join forces to improve underwriting
Cloud-solutions firm Xactware and Rightmove have partnered up to provide the insurance industry with property data and facilitate accurate underwriting.
Hellman & Friedman picks up Applied Systems in $1.8bn deal
Private equity backer Hellman & Friedman has completed a $1.8bn deal to acquire Applied Systems, the software house behind Insurecom.
Penny Speed meets... Phil Race, managing director, Agencyport Europe
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
AIG rolls out broker trading platform on continent
AIG is rolling out an e-trading product for brokers across five European countries following the launch of the platform in the insurer’s UK and Ireland businesses earlier this year.
Your say: Careful planning is the key to social media success
I read your feature on social media and found it extremely refreshing that our industry is now recognising the benefits of engaging with customers via this channel.
ABI GI boss Evans urges insurers to prepare for future challenges
Insurers should start preparing for future challenges impacting their business in the face of regulatory changes and an increased focus on digital, the Association of British Insurers’ policy director and deputy director general has said.
Hyperion appoints David Jack as first CIO
Hyperion Insurance Group has appointed David Jack as its chief information officer – a new role for the business.
Post Magazine - 21 November 2013
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Hiscox joins broker in supporting collectibles insurance site
Hiscox and fine art broker Richard Thompson Insurance have teamed up to support a new online insurance facility for art and collectibles, Insure My Stuff.
Cega to enable Barclays to pay claims via smartphones
Cega Group and Barclays Pingit have joined forces to send payments to customers using only their mobile phone numbers.
Comment: My Licence will benefit all parties
Project aims to reduce costs for insurers, speed up underwriting and ultimately bring down motor premiums.
High net worth: Staying on top
With an increasing number of direct players entering the high net worth arena, how can brokers stand out from the crowd and retain their traditional position as leaders of the market?
Quindell plans two major insurer deals in next six months
Outsourcing firm Quindell expects to announce at ‘least two major new clients’ in the next six months along with increasing the volume of business with three of its existing clients.
Quindell raises £200m and plans name change
Quindell Portfolio has raised £200m through the placing of 1 315 789 500 new ordinary shares at a price of 16 pence per share.
Almost 20% of motorists would consider telematics at next renewal
Nearly one in five motorists will consider taking out black box car insurance policies at their next renewal date as the technology goes mainstream, according to Consumer Intelligence.
Tech company warns of ‘wilful blindness’ liability in ignoring telematics data
Businesses failing to correctly use their telematics systems to monitor and act upon drivers’ behaviour could be leaving themselves exposed to costly legal action in future, according to technology provider In-Car Cleverness.
Post Magazine - 14 November 2013
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.