Technology
Carrot suggests IPT exemption for young drivers
Telematics provider Carrot wants Chancellor of the Exchequer George Osborne to exempt young drivers from paying insurance premium tax if they buy an approved safe driving telematics programme within one year of passing their driving test.
UK-based insurance disruptor Zugar Znap expands to Europe
Millennial-focused insurer Zugar Znap will expand into France and Germany in a joint venture with German-based start-up platform Mass Up.
European insurtech investment set to grow as global fintech funding reaches £13.4bn
European insurers are set for the same levels of transformation as the banking sector, according to a KPMG report, which has tipped further growth in the insurance-tech industry in Europe in the coming years.
Penny Black's Insurance Week - 10 March 2016
When Penny decided to move with the times and get rid of her battered old typewriter little did she know that others were not following suit.
Driverless HGVs to be trialled in UK under government plans
Driverless lorries will be trialled on UK motorways this year with funding for trials expected to be earmarked in the 16 March Budget, according to reports.
Blog: A digital tipping point for the insurance industry
The insurance industry can no longer afford to maintain the status quo, and is rapidly reaching a tipping point.
Axa invests in German digital health start-up
Axa Strategic Ventures, the €230m (£178m) venture capital fund set up by the French insurance giant, has announced it is leading an investment round in Medlanes, a Berlin-based digital health start-up.
Blog: Five reasons insurance incumbents secretly think they aren't going to get disrupted
I was privileged to be able to attend a roundtable discussion this week on innovation in the insurance space and found the conversation surprising.
Big data take-up slower among mid-tier UK insurers
Fewer mid-tier UK insurance firms are prioritising big data, with less than half prioritising such strategies compared to 82% of their large counterparts, according to a market survey.
RAC buys Nebula Systems to boost telematics offering
RAC has acquired vehicle data company Nebula Systems, a deal the breakdown assistance provider said will boost its telematics offering.
Cash-for-Crash Fraud: Beating the fraudsters
The Welsh Police have done a sterling job breaking a large car insurance fraud ring in South Wales – but there are fears such scams will go undetected unless the British insurance industry improves its detection powers
Hiscox teams up with start-up broker for pay-as-you-go host insurance
Online platform Belong Safe has today launched the first on demand host insurance product to cater for the rising home-sharing market.
Profit cannibalisation and regulation concerns pushed Google's aggregator exit
Cannibalisation of profits and regulatory concerns were among key reasons behind Google's decision to exit the competitive aggregator space, but this may not be its last venture into this sector according to market analysts.
Claims Club: Industry should be prepared for online court to become a reality in the near future
Insurers and their lawyers have been warned to take the prospect of an online court seriously and advised that the pace of change is likely to take many by surprise.
Blog: How designers will take over the insurance industry
I imagine you scoffed at this blog title. In fact, you're probably ready to switch off entirely. However, bear with me a little longer - I think you'll find it useful.
C-Suite: The potential of telematics in Asia
Telematics is a great opportunity for Asia's motor insurers as competition intensifies in the region writes Pravar Gautam.
Google to shut aggregator site in UK and US
Google's price comparison website Google Compare is to close on 23 March, according to reports.
Litigation likely to test limitation clauses in data breach cases
Litigation will test the effectiveness of companies seeking to absolve themselves of data protection and data security responsibilities via clauses in contracts as companies increasingly believe it's "worth a go", according to cyber insurance experts.
Blog: Does the idea of Google parent Alphabet buying AIG have legs?
Earlier this week Citigroup analyst Todd Bault triggered a number of headlines and healthy amount of debate by suggesting that AIG should be acquired by Google’s parent company Alphabet.
Data breach at Aviva’s online offering Quote Me Happy
Customers of Aviva brand Quote Me Happy were able to see the contact information of other clients, but the insurer says it was a small percentage and the details could not be altered.
C-Suite: Making claims fit for a digital era
There is a still much work ahead for insurance companies to bring claims into the digital era writes Alson Ong.
2016 billed as 'year of the disruptors' as insuretech start-ups target market share
Digital disruptors are digging out niches and targeting poorly-served sectors as the push for market share ramps up in 2016.
Israeli start-up Passportcard planning UK launch
Travel insurance start-up Passportcard is intending to be operational in the UK by the end of 2016.
Endsleigh digital boss Harper joins millennial insurance start-up Zugar Znap
Endsleigh Insurance’s head of digital, Iain Harper, has joined millennial-focused insurance and lifestyle start-up Zugar Znap Group as digital director.