Claims Technology – Page 79
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News
30% of consumers would consider switching to Amazon, Google or Facebook
Research by GlobalData reveals almost a third of consumers would buy their insurance from tech conglomerates
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SSP investigating issues 'as priority' after customers suffer continued disruption
Some customers have been having trouble accessing their emails since Friday, a problem SSP is investigating the issues “as priority”
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Commercial lines broker raises £2.7m in funding
A ‘disruptive’ commercial lines broker raised £2.7m in fundraising round with help from Committed Capital
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AXA calls for new governing standards for driverless cars
AXA and Burges Salmon says new standards would be vital to better guess if a driver is liable for an accident during the ’handover’ of control
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How to respond to a social media crisis
Reputational risk has been sharpened by social media, making crisis response even more vital. David Benyon reports
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Uber AV road fatality poses questions
An accident in Arizona involving an autonomous vehicle has reportedly led to the death of a pedestrian
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AXA partners with insurtech start-up to target less frequent drivers
AXA head of motor Neil Mercier says insurtech deal a part of the insurer’s wider strategy to reach customers with different needs
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Allianz UK to provide insurance for Drivy customers
Allianz UK to partner car sharing platform, Drivy, to provide insurance to customers
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$100m insurtech fund wants to work with insurers not against
Partner at Eos Venture Partners Sam Evans says they are optimistic insurers are coming around to insurtech, and wants to work with insurers to embrace and collaborate with the new start-ups entering the market
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Innovation stymied by capital rules, says OECD
An OECD report says that innovation in insurance could be blocked because insurtech start-ups face crippling capital rules under Solvency II
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Honcho: the insurtech gunning for the aggregators
Aggregators were the ’original disruptors’, but a new platform contends it is ready to take over the market and ’smash’ premiums
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Insurance technology firm tops Sunday Times profit list
CEO of The Qdos Group says “innovative insurance solutions” helped firm top The Sunday Times BDO Profit Track 100 list
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REG speeds up GDPR agreements to help clients
REG hopes to help clients meet GDPR deadline by reducing cost and time of issuing TOBAs
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IT Interview
SSP Etrading Q&A: Brokers are now hosted on new state of the art data centre
SSP Customer and Marketing Director Adrian Coupland speaks to Insurance Times about the developments at SSP in the past year, business interruption, AI, machine learning software and supporting brokers on their digital journey.
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IT Interview
Q&A LexisNexis James Burton: Contributory databases are not just about bottom line loss ratios
James Burton Director of Product Management at LexisNexis Risk Solutions speaks to Insurance Times on the value of data enrichment and the perceptions of personal motor insurers on the current and future benefits of contributory databases.
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Chubb invests in flexible working insurtech start-up
Chubb makes a minority investment in a flexible working insurtech start-up, which has recently experienced “triple-digit” policy growth
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LexisNexis launches motor-risk scoring system to help better predict losses
Attract™ for Motor launched to give insurance providers an immediate understanding of risk
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Inertia is “going to kill” industry players – Pegasystems director
Insurers and brokers must invest in IT and agility if they are to face up to emerging threats, says Pegasystems’ Tony Tarquini
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Broker ditches SSP for Open GI’s Mobius
The broker was on SSP’s Sector system, but made the switch to Mobius due to its “impressive technology proposition” and “solid expertise”.
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Contagious malware, a 'cyber catastrophe in waiting'
A risk modelling firm has developed its first probabilistic risk model for cyber-attacks, with contagious malware such as NotPetya a wildcard for future cyber catastrophes