Technology
RAC launches telematics product with Risk Technology
Telematics provider Risk Technology and motoring organisation RAC are teaming up to launch a product to help drivers in the event of a breakdown.
SSP attributes growth to revenue model change
Technology firm SSP has said its growth in recurring revenues is a direct result of scrapping large upfront licence costs.
Hiscox expands in Germany with online platform
Hiscox has launched a new direct and online insurance offering in Germany, aimed at businesses with up to €2.5m annual revenue in knowledge-based professions including IT, management and business consulting.
Post magazine - 25 July 2013
In this week's Post, the Financial Stability Board's listing of global systemically important insurers has raised concerns over a "lack of clarity" on why implicated firms are on the list and the costs that will be generated by an enhanced supervisory…
SSP revenues in marginal decline amid 'sluggish market'
Technology firm SSP’s annual results reveal a fall in revenue to £70.7m (2012: £71.7m) for the 12 months ended 31 March 2010.
In Series: Claims: Joining forces
Bilateral agreements and a better use of technology can help insurers operate more efficiently when it comes to subrogation.
Protect Your Bubble launches in Ireland
Specialist gadget insurer Protect Your Bubble launched today in the Republic of Ireland.
Interview: David Walsh: The artist
After 14 years building CFC Underwriting from a dotcom start-up to a successful MGA, founder and managing director David Walsh now sees the global market as his canvas.
CDL launches big data analytics solution
Insurance software company CDL has released a management information solution to enable insurers’ retailers to apply big data analytics to their operations.
View from the Top: Environmental protection
Clean tech firms could find themselves in a mess if they fail to secure adequate cover, says Paul Skinner, segment specialist underwriter, Chubb Insurance.
Lloyd’s brokers sign up for VIPR Bordereaux product
Two Lloyd’s brokers have partnered with VIPR to use its software and systems.
Motor specialist Sky Insurance goes live on Transactor
Motor specialist Sky Insurance has gone live on a Transactor software solution following a 10 month project.
Xuber gets highest channel accreditation from Aia
Insurance software business Xuber has achieved Aia Software’s highest channel accredition, “ITP for” status.
LV launches broker portal
LV Broker has launched an online portal for brokers.
Simply Business MBO to realise the ‘full potential’ of business
Simply Business chief executive Jason Stockwood has revealed the recent management buy out was prompted by a desire to clarify its shareholder structure.
Allianz launches extreme weather app
Allianz has launched a free smartphone app which provides severe weather alerts and risk advice for businesses and householders.
Zurich's David Smith to chair Polaris UK
Industry-owned standards and technology body Polaris UK has appointed David Smith as its chair.
Allianz Engineering to pilot mobile surveyors device
Allianz's engineering division is to pilot a handheld mobile device that will streamline reporting for its surveyors.
Post magazine - 18 July 2013
In this week’s Post, brokers have raised concerns over the effectiveness of Aviva underwriters and its ability to maintain service levels following the insurer’s decision to move more underwriters into broker offices and abandon almost half its regional…
Fico close on UK fraud deal after ‘bake-off’ success
The vice president of Fico’s global insurance and healthcare practice has revealed that it is close to striking a major deal in the UK counter-fraud space having "blown insurers away" with its latest offering.
Protect Your Bubble appoints Basinger as UK head
Gadget insurance specialist Protect Your Bubble has appointed Rob Basinger, former head of lending and insurance at ING Direct, to lead its UK team.
Fatal crash prompts calls for insurers to scrap nighttime driving curfews
Telematics providers are urging insurers to remove nighttime driving restrictions from their products, after a coroner cited a curfew as a factor in a fatal crash involving two teenagers.
Editor's comment: A fork in the road
In 2008 when Aviva (then Norwich Union) shelved its pay‑as‑you‑drive model due to “poor take-up” after only two years in the open market, it appeared that the product had fallen at the first hurdle.
Telematics: Ask the experts
Insurers should be wary of rushing into the telematics market alone – pricing, legacy technology and cost mean collaborating may be a wiser strategy.