Data analytics
Insurers call for data standards on driverless cars
Cars of the future will need to collect a basic set of core data to prevent drivers being unfairly blamed if technology goes wrong, the Association of British Insurers Annual Conference will hear today.
FCA boss warns insurers about ‘exploiting’ customers through Big Data
The Financial Conduct Authority has warned against insurers “exploiting” customers by using Big Data to unfairly tailor premiums.
Innovation in Insurance 2016: Insurers are adapting to emerging risks
Insurers have been quick to adapt to emerging risks, a conference heard.
Blog: Connected cars are making roads safer
Beyond futuristic gadgets, connected cars feature technology that can help avoid collisions and detect other hazards.
Blog: Remember, remember to lock up in November
It seems as though the minute the clocks went back on 30 October our minds turned to all things winter, including spooky goings on, fireworks, present lists and the much anticipated John Lewis Christmas ad - who can resist #BustertheBoxer?
Lie detector system 'could help insurers stop fraud at the point of inception'
A new Birmingham start-up has developed a virtual lie detector which uses speech recognition to combat insurance and banking fraud.
RSA's Hayley Robinson on speaking customers' language
Insurers involved in tenders know that they need to differentiate themselves from the competition by demonstrating superb service. And delivering a joined-up, seamless proposition takes a lot of coordination.
Insurers that fail to adopt business management platforms risk being 'left in the dark ages'
Insurers that opt for Excel spreadsheet over more advanced methods of business planning are at risk of being ‘left in the dark ages’, industry professionals have said.
Blog: Insurers must watch how they use Big Data
The Financial Conduct Authority has found no pressing issue with the way insurers use Big Data but is still keeping an eye on it.
Insurance Fraud Summit 2016: Time for brokers and insurers to collaborate
More needs to be done to enhance the collaboration between brokers and insurers when addressing policy holder fraud, as brokers currently feel alienated from discussions.
Insurance Fraud Summit 2016: Insurers must employ data analysts to tackle fraud
As well as embracing technology insurers of the future must employ data analysts to deal with the data it produces or fraud will continue according to RSA’s head of fraud.
Telematics providers push daylight saving time update to motorists
Telematics providers were forced to accommodate the change to daylight saving time on Sunday morning with a patched update to hundreds of thousands of motorists.
Insurtech start-ups: Funding the future
Insurtech start-ups have a range of options to fund their business: from private equity to crowdfunding, from partners to business angels, from incubators to accelerators. Innovators are using old and new ways to raise money - and each of them has its…
Big Data – a challenge and opportunity for brokers
The rise in Big Data could usher in a host of opportunities for insurers to expand their customer bases and develop innovative products and services; but it could also prove a test for brokers.
FCA sees dramatic rise in cyber attacks
There were 75 cyber attacks on financial services firms last year, the Financial Conduct Authority said.
Hack of Tesla car raises fresh liability concerns
The successful hack of a Tesla driverless car has raised potential insurance implications that will need to be addressed by UK legislators, experts have warned.
John Salmon joins Hogan Lovells to boost its global fintech team
John Salmon has joined Hogan Lovells' London corporate practice as a technology partner to boost its global fintech team.
The case for a united front in the fight against fraud
The insurance industry has been multiplying initiatives against fraud but is it presenting a unified front against increasingly organised scams?
Could other start-ups follow the Beyonce name-checking Lemonade in seeking musical inspiration
This week saw the launch of the much trumpeted and anticipated peer-to-peer insurer Lemonade.
FCA reveals feedback on the transformative potential of Big Data
The Financial Conduct Authority today published a feedback statement following its call for Inputs on Big Data in retail general insurance in November last year.
Why 'unhackable' blockchain could revolutionise the insurance industry
Everyone’s talking about it, but is anyone really doing it? There’s a continuous chatter surrounding blockchain, so isn’t it about time more firms used the distributed ledger system?
Tech advancement in cars 'is pushing up claims costs'
The increasing likelihood of cars to have advanced safety features may be pushing up the cost of claims for motor insurers.
Week in Post: Caterpillars, DIY and D&O
As a mum to an eight-month-old, the most high-tech my life gets is reading The Very Hungry Caterpillar. So I don't get many software or hardware issues.
Blog: The connected claim
With the connected home, claim alerts and notification to insurers could become automatic.