Insurtech
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.
Editor's Comment: What would AI make of insurance?
At a recent Claims Club meeting I was introduced to IBM’s Watson, an artificial intelligence technology platform that uses natural language processing and machine learning to reveal insights from large amounts of unstructured data, and it got me thinking.
Interview: Colm Holmes, Aviva
Six months into the job, Aviva UK’s newly appointed GI CEO talks to Martin Croucher about the challenges of succeeding Maurice Tulloch and further investment into digital
Insurtech start-up Wrisk gets BMW innovation lab backing
Insurtech provider Wrisk has been selected as one of five finalists to join the BMW Innovation Lab, the first-ever fintech business incubator in the automotive sector.
UK motor insurers in 'false sense of security', could lose three quarters of revenue
The UK motor insurance market could see a 75% drop in premiums by the year 2040, falling from the current £18.5bn a year to just £4.6bn.
Zurich's David Roberts on why risk never sleeps
Interconnected threats call for new skills beyond insurance procurement
This week: Patronuses, start-ups and blockchain
As J K Rowling continues to delight fans with updated ebooks on her website Pottermore this week we learnt a bit more about our team mates on Post as a new feature was released.
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.
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.
Applied Net 2016: Insurance industry in need of a 'modern twist'
The UK insurance market is in need of a ‘modern twist' as the US introduces more disruptive technology.
Lemonade aims to shake up insurance with New York launch
Lemonade, the start-up insurer promising to donate its underwriting profit to charity, is to start offering insurance coverage in New York from today.
Target Global backs Financefox with largest ever European insurtech round
Insurtech app Financefox has revealed that it has raised $28m (£21.6m), the largest insurtech round in Europe to date, led by Target Global and Horizons Ventures.
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?
Applied Net 2016: Insurers need to find new way of innovating to contend with Millennial threats
Voice recognition and video interfacing could be the two next best things in insurtech and could help to increase customer engagement in the insurance market place.
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.
Industry braced for disruption from insurtech start-ups
Insurance professionals believe there will be an increase in new products and innovation in the coming years, driven by competition from disruptive insurtech firms, research has found.
'Social network for insurance' aims to revolutionise the market
Insurercore, a social network for insurance professionals, will be holding a workshop tomorrow night with young brokers and insurers ahead of its November launch.
Digital Insurance Collective Blog: What to offer Millennials
Millennials are consumers of insurance products and their experience of other service providers influences their expectations of insurers. But what about attracting and retaining this generation and its massive employee talent pool?
Insurtech booms as investment triples in the UK
Investment in insurtech so far this year is already triple that of the whole of last year, making it one of the UK's fastest growing sectors.
Octo adds Axa and LV to telematics offering
App-based telematics provider Octo Telematics has added four insurers to its free smartphone driving app Octo U.
State of the Nation: Lloyd's and the London Market: Innovation and modernisation
The London Market is keen to encourage innovation, but that will involve overturning tried and tested practices and bringing through the younger generation
Insurtech products 'could engage the Millennial market'
Insurers should stop selling insurance and start selling product services instead, if the industry is to successfully tap into the Millennial market.
Week in Post: trampolining, brokers in the dark and cake
I was reminded of the insurance industry this surprising sunny bank holiday weekend when I was required to sign a waiver to accept and acknowledge my participation in Gravity Force trampolining could entail "known and unknown risks that could result in…
Neos begins testing connected home insurance service
Neos has begun beta testing its new connected home insurance service with its partner Hiscox, the service claims to be a first for the UK insurance industry but similar services have been launched in Italy.