Digital innovation is changing the way the insurance industry operates, with providers beginning to embrace developments where technology can make life easier for the consumer.
Over the years, the London insurance and reinsurance market has faced many challenges and changes, but to date it has successfully navigated these choppy waters.
Former Prime Minister Harold Wilson warned: “He who rejects change is the architect of decay.” And 2016 will go down in the annals of insurance history as a year of change.
The Next Generation Insurance Network has been providing young professionals with educational and social events in London for the past five years. The network has more than 1500 members from brokers to underwriters, lawyers to consultants.
A fifth of European consumers would buy insurance or banking products from Google, Amazon or Facebook reveals a study
Customers could increasingly turn to big-name disruptive firms in the financial services sector, according to a survey of the European market by Fujitsu.
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Chris Hall, managing director at Questgates, reacts to Chris Sandilands' proposition of an Uber-style service for claims. In his view, freelancers cannot provide the level of expertise and consistency needed for loss adjusting.
Professional services firm Charles Taylor will target the insurance technology market with a dedicated business, Charles Taylor Insure Tech.
The Association of British Insurers’ has hailed Volvo’s autonomous driving trial in London next year as “really exciting” and potentially “transformational,” while the motor manufacturer itself has called for more government help to speed up adoption.
Chris Sandilands argues that the loss adjusting process is perfectly suited to being disrupted by the 'gig economy', leading to benefits for insurers and policyholders alike. Perhaps most surprisingly, using freelancers for claims surveys could lead to…
Technology giant Guidewire and Australian insurer Suncorp are among the parties involved in the latest fund-raising from US insurance disruptor Trov, as it gears up to launch its on-demand cover for single items in the UK with Axa.
Investments in insurance technology businesses more than tripled last year, according to research by Accenture.
Vehicles are increasingly connected and far more software-reliant than they used to be. Unfortunately, most insurers offering product recall solutions are unprepared for this new reality.
With a new start-up being founded every minute in the UK, the insurance industry has to meet the needs of this new breed of client.
One of the investors behind insurtech start-up Guevara has warned others they will need "a lot of patience” to bear fruit in the insurance market.
Telematics provider Wunelli is launching a data collection device, cutting the cost of telematics by around 85% on current hardwired options.
Developments in safety-related wearable technology in the workplace bring both benefits and risks.
Autoglass has introduced a UK-wide solution to calibrate Advanced Driver Assistance Systems, which support vehicle safety systems including autonomous braking and lane deviation warnings.
A swathe of initiatives to digitise the claims process are being rolled out by insurance sector companies including harnessing 3D-printing technology and initiatives that result in settlements being paid to customers in minutes rather than days.
Former Wunelli CEO Penny Searles has returned to the market with the launch of an insurance company called Smart Driver Club Insurance, part of a membership service for motorists driving used cars.
Highways England has today released its innovation strategy which sets out its wide-ranging plan to ensure it is keeping pace with advances in technology.
The best of Post the last week in case you missed it
The slower pace of insurtech growth has been recognised by government during a Downing Street meeting of leading industry players on Wednesday (30 March).
Berlin based peer to peer insurance firm Friendsurance has secured $15m (£10.4m) of funding for expansion.