Insurance Times rounds up the biggest stories of this week
This week saw junior doctors walk out on strike across the UK as recogniseable plastic packaging firm Tupperware warned it could go out of business without emergency funding.
But what went on in the insurance sector as the UK’s population returned to work following a long Easter weekend. Find out below…
In the insurance world, this shortened working week began with contributor Trevor Hemsley investigating the rise of artificial intelligene (AI) chatbots and the impact these could have on the world of insurance.
Then, reporter Isobel Rafferty spoke exclusively with ratings agency AM Best to get to the bottom of why it had maintained its negative outlook on the UK’s non-life insurance sector.
Later in the week, deputy news editor James Cowen spoke to a number of traditionally acquisitive brokers to find out whether they thought the relative strength of the US dollar against the pound would present an attractive opportunity to Amercian firms looking to buy insurance businesses in the UK.
Cowen also produced a report from a recent roundtable in which Hubb Insure’s chief operating officer Ed Halsey explained that data would supplant some of the traditional roles of underwriters to produce better results than personal relationships could hope to achieve.
Rounding out the week, editor Katie Scott spoke with Scott Bennett, managing director of The Ardonagh Group-owned Bravo Network, to find out how the network was targeting continued growth despite the challenge of M&A consolidating its members.
Do you have any views on the stories we published this week? Please email acting editor Yiannis Kotoulas with any comments at Yiannis.Kotoulas@insurancetimes.co.uk to have your say.
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