Insurtech
Lloyd's assembles industry leaders to guide modernising efforts
Lloyd’s of London has established two advisory committees featuring prominent industry figures to support its ongoing modernising strategy.
Zurich and Travelers discussed digital hype and legacy benefits during Post webinar
Given the hype around digital you might be excused for thinking that you need to re-platform everything, rip out what you currently have - and start again - to remain relevant in the modern insurance market.
Zurich UK CEO: Ban hands free phone use in vehicles
Strict laws to prevent drivers using mobile phones – even hands free – would have the biggest impact on vehicle collision numbers, the Zurich UK CEO told Post's Motor Insurance World event last week.
Zego raises $42m in latest funding round
Zego has raised $42m (£33.52m) in a series B funding round led by Target Global, to fund its European expansion.
Insurtech Trov to close its UK app
Exclusive: Trov will no longer provide its on demand gadget and single item insurance to UK customers, as of 1 October 2019.
This week: Dual pricing and sexual harassment claims
For a while now the insurance industry has been under the spotlight for the sheer volume of sexual harassment allegations its faced. And after Post reported this week the suspension of a senior boss at Marsh sister company Guy Carpenter, following…
Honcho secures investment from Maven
Maven Capital Partners has invested £750,000 in a disruptive car insurance platform Honcho, to support the business in launching the product nationally.
Insurtech UK gets government backing
The government has agreed to promote the country's emerging insurtech scene as part of its overseas trade arrangements.
Insurtech Gateway targets up to £30m of investments with insurer fund
Incubator Insurtech Gateway has launched a new investment fund today backed by insurance companies that is aiming to raise and inject up to £30m in start-ups between now and 2023.
Rising Star: Tosin Omosebi, QBE
Claims adjuster Tosin Omosebi has recently been made co-chair of QBE’s claims employee opinion forum
Hiscox's Ben Walter on why insurance needs a digital turbo charge
Digital transformation is urgently needed to make our industry faster and more efficient, says Ben Walter of Hiscox Global Retail
Lemonade launches in Germany
New York-based insurtech Lemonade has launched in Germany.
Stubben Edge looks to growth after £1.2m investment led by Saracens chairman
Exclusive: Tech firm and managing general agent Stubben Edge is seeking growth after a £1.2m raise led by Saracens chairman Nigel Wray and analyst Eamonn Flanagan.
Lemonade begins hiring for potential Europe expansion
Exclusive: US-based insurtech Lemonade is looking to hire staff in a Europe office in Amsterdam, marking a potential international expansion for the firm.
Charlotte Halkett joins Bought By Many
Bought By Many has appointed Charlotte Halkett as its first chief commercial officer.
Editor's comment: Game of Insurance
Whether it was an epic ending or a major disappointment, some of us currently have a Game of Thrones-shaped hole in our lives… and I was just imagining what it would be like if the show was remade in the world of insurance.
Ageas pulls the plug on insurtech Back Me Up
Exclusive: Ageas has closed its app-based millennial insurtech Back Me Up to new business.
Blog: Aviva's plan to split its UK business is more of a reset than a shake-up
This week Aviva has been tipped to unveil a new structure which will again see its UK general insurance and life/pensions businesses split. Jonathan Swift reflects on why this should not come as a surprise as history dictates the insurer has never been…
This week in Post: Big fish, little fish, cardboard box?
It might be the name, but this week I’ve spotted some similarities between Gibraltarian unrated insurer-facing-liquidation Lamp Insurance and an angler fish, sparking some strange and slippery debate in the office.
Inshur partners with Uber for driver policies
Inshur, mobile-first provider of commercial motor insurance for private hire drivers, has partnered with Uber to reward drivers for safe driving.
Esure's Peter Wood leads £2.5m funding round for sharing economy insurtech
Esure and Direct Line founder Sir Peter Wood has led a £2.5m seed funding round for sharing economy insurtech Pikl.
Ex-Allianz and Axa pair launch 'open source' insurtech
Jon Britton, from Allianz Partners and Stephen Hartshorne, formerly at Axa, have launched an insurtech that draws upon open source data.
Blog: How digital can help the pet insurance sector reach its full potential
The average cost of a pet claim is on the rise with payouts often exceeding premiums. However, insurers need not cut margins to remain profitable, with Mark Colonnese of Aquarium Software, pointing to the smart deployment of digital technology as key to…
Reg UK completes £2.4m funding round
Due diligence and risk management insurtech Reg UK has completed a £2.4m funding round, which it will use to continue to expands its global sales and business development operations.