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McKinsey: Restore and reimagine: Digital and analytics imperatives for insurers
Executive summary : As the world recovers from the COVID-19 crisis, insurers should invest in digital and analytics capabilities that will make them more customer-centric, simple, ...
SAS: Insurance at Risk – The Search for Safety in a Changing World
Executive summary : Why insurers must move to a more proactive, customer-centric operating model to protect their policyholders — and their own businesses — in a post-COVID-19 ...
Altus: Impacts of COVID-19 on insurance businesses
Executive summary : Having read numerous press articles and stories across social media channels and heard a few personal stories myself, the insurance industry is getting a pretty...
Accenture: COVID-19: Navigating the human and business impact on insurance carriers
Executive summary : The COVID-19 pandemic is a global health emergency on a scale not seen in generations. Already it has disrupted the global economy and thrown the future of ...
The future of personal insurance in the UK – excellence or irrelevance
Article Synopsis : There are five key trends in the UK insurance market according to this Oliver Wyman paper, which it says separates the signal from the noise. Baby, you can ...
InsurTech Impact 25 2019
Article Synopsis : Oxbow Partners’ InsurTech Impact 25 2019 report reveals the 25 technology-led businesses it considers to be real movers and shakers in the European insurance...
Homelyfe launches digital insurance platform
UK based, Homelyfe launched a B2B digital insurance platform called “Aventus” which enables businesses to create a white label buying experience for any insurance line, in an...
Everledger’s Pioneering Blockchain Work for Diamonds
Everledger, a London-based blockchain company, has applied blockchain technology to over 1.6mn diamonds effectively creating a digital twin of the object. This established re...
Insurtech-led change in the Lloyd’s Market: A primer and strategic guardrails for managing agents
Article Synopsis : This report from Oxbow Partners focuses on the Lloyd’s and London markets, which it considers initially viewed insurtech with interest, but little ...
To succeed, Life Insurance must deliver a FAIR digital experience
By Martin Werth, CEO, UnderwriteMe. Life Insurance needs to go digital. Digital is more than technology, it’s about strategy and a new way of thinking. Digital is rewriting the ...
InsureTech Connect & TDI 2020 Innovation awards and China Ecosystems
View Session Recordings Watch InsurTech Innovation Awards Watch Ecosystems in China webinar Watch Insurer Innovation Awards Congratulations to Winners Event Statistics ...
Cytora adds ex-Aspen UK CEO Karen Green to board
UK insurtech Cytora has announced the appointment of Karen Green to its advisory board, where she’ll help drive growth across the company. Green was
‘Over-rewarded’ scale driving consolidation leads to brok...
Despite the broking market being described as 'a dangerous place now', chief exec urges industry to 'not let the word "consolidation" become the new dirty word'
Have you entered the UK Broker Awards yet?
Submissions close on 28 May and a ceremony is set to take place in November at the largest live broking event in 2021- Broker Expo.
LexisNexis launches data solution for SME brokers
According to the provider, the product is designed to help small to medium sized UK brokers price more effectively, cut operational costs and improve the
Property and finance services consultancy launches insura...
Managing director says the firm will offer 'choice' amid 'a consolidated landscape'
Aviva teams up with insurtech for specialist cycling prop...
The insurtech's chief executive says that he hopes to offer more products to Aviva's customers in sports, leisure and business
Markerstudy and Accredited reveal new insurance product
The launch aims to expand the group's 'predominantly wheels-based footprint'
Aviva introduces new bicycle insurance
The new product can cover multiple bicycles and accessories, both at home and while out and about.
Virgin Money partners with Trade Ledger
Through this partnership, Virgin Money will be able deliver a quicker and more user-friendly experience for business customers applying for lending.
Insurance Fraud Bureau signs ‘landmark partnership’ with ...
Insuring Cyber Podcast: Social Engineering Risks Rising, ...
The COVID-19 pandemic has upended the work environment in many ways, and cyber experts say one unfortunate result of the switch to remote work is an
NuVenture MGA Platform Launches to Attract Insurance Unde...
New MGA platform aims to nurture, develops, and support a diverse portfolio of MGAs, each benefitting from modern technology and an extensive range of mid- and back-office suppo...
JLR deploys usage-based insurance for on-demand rental pl...
Jaguar Land Rover has appointed Flock to provide usage-based insurance for its
'The Out' on-demand rental fleet service. Thanks to the adoption of Flock's ...
Molo teams up with Uinsure for tech-led mortgage and insu...
Molo Finance is a fully-digital lender, underwriting all mortgages online and
using technology to make quick and real-time lending decisions. It removes many
of ...
Putty by The Hartford to offer two new products
Till now, Putty focused on offering 'project insurance,' which is general liability coverage priced by the hour/day.
Advent Insurance Management launches Ecliptic
Lloyd’s and London Market service provider Advent Insurance Management has launched its technology business, Ecliptic. Ecliptic was created to partner
Ardonagh and Beazley team up for new cross class follow c...
Broker chief executive says the deal is an 'endorsement' of the firm's 'data-powered strategy'
Acturis reveals new partnership with automotive company
The collaboration hopes to allow instant quotes and efficient trading through etrade
Willis Towers Watson launches underwriting software Radar...
Willis Towers Watson has unveiled a new underwriting software, called Radar Workbench, to enhance the performance of frontline underwriters.
Xenia agrees to acquire UK trade credit business
The transaction is expected to complete in May
BLM launches cross-industry property damage body to comba...
The industry-wide property damage Task Force is meant to bring insurers, brokers, loss adjusters, legal specialists, and corporates together to identify
Xenia Broking to Acquire UK-Based Credit Insurance Allian...
Xenia Broking Group, the London-based credit insurance and surety specialist, announced it has entered into an agreement to acquire Credit Insurance
Xenia buys West Midlands-based trade credit broker
The Nexus-owned business says Credit Insurance Alliance Brokers will be integrated with its Credit Risk Solutions unit.
BLM leads new task force to combat property claims surge
The cross-industry Property Damage Task Force aims to bring insurance professionals together to help drive change
Telematics in personal motor: Ryan McMahon of Cambridge M...
In this podcast, Rob Savitsky and Zach May from Duck Creek continue the conversation with Ryan McMahon of Cambridge Mobile Telematics, beginning with a discussion around the dif...
Acturis partners with the RAC for breakdown cover
Acturis brokers can now access RAC Breakdown products for a range of vehicle types on either a standalone or add-on product basis.
Cream Financial acquires Bounce Life’s insurtech an...
Cream Financial Solutions has bought Bounce Life's insurtech platform for an
undisclosed seven-figure sum. The acquisition includes Bromley-headquartered
...
Arrowhead Tackles Commercial Insurance Process Complexity...
With Talage, the program administrator says it provides an easier quote-to-bind process for our agent partners who are solving insurance problems for customers seeking coverages...
UK insurers given a year to improve operational resilienc...
Regulators in the UK have given financial institutions, including banks and insurers, a one-year deadline to improve their operational resilience. The policy statement (PS21/3) ...
Why is Beazley the right partner for Virtual Care insuran...
... coverage for growing digital health businesses. We have dedicated claims
experts for each of the key areas of liability within Virtual Care including
healthcare, ...
Covid-19 losses drag Lloyd’s results down
Insurer Lloyd's has announced an aggregated market loss of £0.9 billion for 2020 (2019: £2.5 billion profit), including net incurred Covid-19 losses of £3.4 billion after reinsu...
Utmost Group to acquire Quilter International for £483m
Utmost Group is set to acquire Quilter International from Quilter plc for £483m and it will become part of Utmost International.
Anorak partners with online mortgage broker Trussle
Insurtech Anorak has partnered with free online mortgage broker Trussle to provide support to customers needing home insurance.
Honcho and Admiral join forces for multi-car proposition
The insurtech has wanted to bring multi-car cover to its apps for a while
Q Underwriting extends Aviva capacity in £200m deal
The specialist underwriter confirmed the renewal of key binder Aviva, plus, developments to its Covéa-backed contractors combined product.
Zego unveils two flexible insurance products for moped an...
The two products are flexible, catering to the surge in delivery and courier services
Hiscox appoints general liability underwriter – Com...
Lara Frankovic has been appointed as line underwriter – general liability for Hiscox. She will lead a four-strong general liability underwriting team, focusing primarily on larg...
Simply Business launches a national advertising campaign
The Simply Business campaign will run on TV and radio in addition to a variety of digital media.
UK insurers leaving holes in cyber defences as remote wor...
Only half of UK insurance companies have carried out a cyber risk assessment since home working took hold in the pandemic, with 44% admitting they have inadequate cyber threat v...
Canada to see a faster payments system in 2022. Opportuni...
While many are eager to see the imminent arrival of a new system that promises to make day-to-day financial transactions quicker, cyber risk experts are warning that such a syst...
CNA Hardy hit by ‘sophisticated’ ransomware attack
It caused network disruption and impacted corporate emails
Tesco Bank launches travel insurance with Covid cover
The British retail bank has teamed up with ROCK Insurance Group to administer the scheme, with AXA Partners providing the underwriting, claims handling and medical assistance se...
Commercial underwriting agency, CoSaint AG, goes live
The organisation has launched its first product for the motor trade combined market, backed by NIG and Covéa, and developed an online liability portal.
Ex-Towergate and Aviva boss Mark Hodges to join RSA
Hodges will become chair of RSA UK&I once the proposed sale to Intact is completed.
Needham develops administration and integration service
The new offering is designed to protect policyholders and insurers or MGAs when a broker ceases trading.
Ardonagh’s Ross “angry for the industry” over “ill-...
Ross says an industry working group was “on the cusp” of solving the issue around Covid-19 BI claims, when the opportunity was “taken out of our hands” due to
Ardonagh reveals £217.5m cash paid for deals in 2020
The figure includes its buy of Bravo Group, which owns Broker Network and Ethos, and its Arachas acquisition.
Legal & General partners with esure and Shielas̵...
Legal & General has partnered with the esure Group to ensure both esure and Sheilas' Wheels brands can sell Legal & General products to customers.
How easy is it to change policyholder and employee habits...
In this snippet from a recent motor claims webinar, an insurance panel featuring Hugh Pelling from Blue Prism, Neil Ashley of Aviva, and Peter Edgar of RSA discuss how easy it i...
Honcho partners with Admiral
Admiral joins over 40 insurance providers across Honcho’s car and van insurance marketplaces.
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