Technology
EY: motor market to return to loss in 2021; Canopius unveils algorithmic MGA; Kitsune sold to XS Direct
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Upcoming webinar: Managing indemnity spend on escape of water claims
Post, in association with Claims Consortium Group and Synergy, will host a live webinar on 29 June to discuss how insurers can manage rising escape of water claims costs and how implementing innovative technology can deliver a better service for both…
By Miles strikes £5m agreement with Silicon Valley Bank
Exclusive: Pay-per-mile motor insurtech By Miles has agreed a £5m loan facility with Silicon Valley Bank.
BGL’s Peter Thompson on why the insurance industry must batten down its hatches
Peter Thompson, CEO of insurance, distribution and outsourcing at BGL Group, addresses the crucial importance of operational resilience in a fast changing landscape for the industry.
Insurance Hound: Most read by insurers in April and May 2021
Which topics have insurers been reading most about?
Howden unveils ESG insurer; DLG launches tech platform; Zego introduces pregnancy loss leave; Hiscox in legacy tie up; Brit debuts consortium
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Blog: The limitations of ALKS
William Balfry, Forum of Insurance Lawyers motor sector focus team member, and senior associate at DWF, grapples with the reality of automated lane keeping systems technology.
Upcoming webinar: The future of insurance fraud
Post in association with Shift Technology will host a live webinar on 23 June where an expert panel will discuss how the insurance industry is adapting to changes in fraud and what we can learn from the past to inform the future.
Editor's comment: Growing up
I have two pre-teens in the house who can’t wait to be teenagers. I’m reminded almost daily of the birthdays coming up and how different life will be when 13 comes around.
Podcast: How are aggregators going to evolve?
Insurance Post recently conducted a survey to get an overview on motor pricing trends and the impact the current economic climate has had on consumer behaviour.
Wefox could have raised $1bn say co-founders
Insurtech Wefox could have raised over $1bn (£706m) but chose to close its series C funding round at $650m, its co-founders told Post.
Bought By Many to launch in all 50 US states after $350m raise
Bought By Many has raised $350m (£247m) and secured a valuation of over $2bn, with CEO Steven Mendel telling Post that the pet insurtech aims to launch in all 50 US states by “this time next year”.
Podcast: What impact will the FCA review of pricing practices have on insurers?
Insurance Post recently conducted a survey to get an overview on motor pricing trends and the impact the current economic climate has had on consumer behaviour.
Insurtech Focus: Incumbents and insurtechs
Over recent years the talk around insurtechs has moved from disruption to co-operation. With this in mind, Post canvassed a host of major insurers to discover which start-ups they work and/or invest in; and what they look for when it comes to digital…
Zurich looks to behavioural specialists in fight against phishing
Anti-phishing training at Zurich can be tailored to an individual level by behavioural experts seeking to understand what makes particular people click on certain malicious links and attachments, the group’s global chief information security officer said…
Applied names Tom Needs Europe CEO as Andy Fairchild exits
Andy Fairchild has left Applied Systems with Tom Needs appointed as CEO for Europe.
Ardonagh acquires adjuster; ERS enters new lines; Geico partners with UK insurtech; and Partners& buys in Devon
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Insurance Post TV: Why is ghost broking on the rise? Plus gig economy insurance and Chaucer CEO John Fowle
Today Insurance Post reveals the latest episode of its ‘magazine-style’ television show, which aims to get under the skin of some of the best read stories and articles that have appeared in print or online recently.
Blog: Is the insurance industry ready for usage-based pricing?
Mileage and car usage dropped significantly during the pandemic but insurers have faced a backlash after claims savings were not passed on to customers via reduced premiums. Callum Rimmer, founder of By Bits, asks why insurers aren't considering usage…
Briefing: Lemonade’s phrenology hangover
Jen Frost reflects on a staggering self-engineered series of events that saw insurtech Lemonade have to deny using outdated and disproven phrenology in its artificial intelligence claims system.
Google lays out scam advert counter measures
Google has detailed the steps it is taking to protect consumers and legitimate businesses in the financial sector after research by Post revealed that brokers are being targeted by claims management companies.
Spotlight: Technology – Working with human experts to empower D&I in insurance
Improving diversity and inclusion is a key objective across the insurance industry with initiatives such as the Women in Finance Charter, the Gender Inclusion Network and the Race at Work Charter helping to drive equality for employees and customers…
Spotlight: Technology – Embracing evergreen technology
Outdated legacy systems have haunted the insurance space for years, stifling innovation and pushing up development costs. Now, with pressures coming from new entrants and customer expectations increasing, Post looks at why insurers are looking to…
Insurtech Focus: Founders of the Future
Although cynics saw them as a fad, insurtechs are now very much part of the UK insurance scene. Indeed some have matured into sizable businesses that are proving attractive to employees who might have otherwise never though about a career in insurance…