Artificial intelligence (AI)
Eight companies vie for investment at Insurtech UK event
Insurtech UK ran its annual Partnerships Day yesterday (12 November) as start-ups competed in the areas of preventative health, specialist technology, and organised crime claims leakage.
FCA’s cyber warning is the end of quote and hope
Frontier artificial intelligence is forcing insurers to rethink cyber risk as a continuous process of monitoring, prevention and resilience, rather than an annual exercise, according to Claud Bilbao, vice-president of underwriting and distribution at…
VIPR’s Templar says regulated AI will help cut industry lags
Firms will be able to get their “hands on their data” far quicker as AI-enabled delegated insurance moves away from 60-to-90-day lags to potentially daily submissions said VIPR’s CEO and co-founder Paul Templar.
How AI is testing insurance cover and claims handling
Trade Voice: Chris Jones, chief executive of the International Underwriting Association, examines how artificial intelligence is exposing gaps in existing policies, reshaping claims handling and challenging insurers to rethink risk management and…
Kalepa’s Monasterio says £55m funding will aid its London presence
Kalepa’s CEO and co-founder Paul Monasterio said its latest investment will be used to enable “true” AI decision making in the London market where it plans to open an office in the coming months.
AM Best identifies three forces shaping insurance in 2027
Cyber-attacks similar to the recent incidents affecting European supermarkets could shape insurers’ fortunes in the year ahead, according to Greg Carter, managing director of analytics for EMEA and Asia Pacific at AM Best.
Lloyd's Turk fears insurers are sleepwalking into irrelevance
Rachel Turk, chief of performance and strategy at Lloyd’s, has warned the insurance sector risks losing relevance if it fails to meet clients’ changing demands.
Pet insurance prices fall 14% as competition intensifies
Competition among pet insurers is driving down premiums, with prices falling by 14% year-on-year, according to Defaqto.
Zurich UK uncovers £109m in fraudulent claims
Zurich UK has uncovered £109.3m in fraudulent insurance claims over the past 12 months, with an average of a fraudulent claim discovered every two hours.
From green screens to AI: 30 years of change in claims
View from the Top: James Nicholson, chief claims officer of Zurich UK, examines how technology has transformed claims into a strategic, data-driven and customer-focused profession.
Munich Re’s Ogden argues industry will unite on tech-driven disruption
Munich Re CEO Stephanie Ogden said one positive of a more volatile tech-driven market is that it will force the industry to come together, as she said the next evolution with AI is a shift in employee skills.
ManyPets calls for two-fold approach to agentic fraud
Fraudsters have been using agentic AI to obtain multiple quotes in large numbers and must be tackled by using firms own data as well as quarantine models said ManyPets’s chief data officer Pierre du Toit.
Amdocs buys EIS as insurtech giants consolidate
Major software and services provider Amdocs has entered the insurtech space by snapping up EIS for $340m (£250.14m) up-front, with further payments tied to the business achieving certain performance targets.
Designing the insurance policy of the future
As AI reshapes commercial insurance, industry experts discuss the role of human judgement, technology and governance in enabling effective underwriting, product development and decision-making.
Axa’s Walker outlines growth models for next decade
Axa Insurance UK's CEO Jon Walker has urged insurers to engage in dialogue with the government and regulators to ensure “predictable and proportionate” regulation, plus identify at-risk SMEs to ensure growth.
Ageas’ Middle on using AI to make insurance accessible
The challenge and “exciting” opportunity for personal lines insurance will be using artificial intelligence to make coverage more accessible, said Ageas UK’s CEO Ant Middle.
Addresscloud’s Varley says outdated AI data is a major risk
The impact of AI using outdated and poor-quality information could create far-reaching consequences regarding climate change-related events, according to Addresscloud’s co-founder and CEO Mark Varley.
Amazon on how insurers can get out of pilot purgatory
Insurers looking to move beyond proof-of-concept pilots must focus on customer problems, matching AI tools to specific tasks and establish clear guardrails, according to Terry Buechner, global head of insurance core system modernisation at Amazon Web…
Tesco launch; Allianz products; Arkel new boss
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Should doomsayers be heeded over insurance’s brain drain?
Content Director’s View: Jonathan Swift explores if insurance's demographic timebomb could be potentially defused, whether the problems is being blown out of proportion, or if it set to create a massive hole in the sector’s future well-being.
Tokio Marine HCCI launches humanoid robot coverage
Tokio Marine HCC International and broker Adrian Flux are launching what they describe as the UK’s first domestic humanoid robot household insurance policy.