Technology News
Lloyd’s offers AI-enabled reputational risk cover
Product helps mitigate the risk to profitability posed by reputational crises and offers real-time threat insights
ThingCo secures van broker partnership
The insurtech hopes to make improve safety on the roads and reduce insurance costs
Covid-19 pandemic exposes brokers’ over-reliance on price comparison websites
The UK lockdown has presented a unique challenge for brokers trying to get new business
Supreme Court BI appeal highlights need for national risk strategy – Totus Re
James York co-founder and co-convenor of Totus Re tells Insurance Times why the Supreme Court decision sheds light on the need for a national risk strategy
Better technology in cars will not cause blanket claims inflation – Ageas
As more sophisticated technology becomes commonplace in cars, the cost of repair will fall in the long-term, predicts the insurer’s claims director
Insurers must act quickly to compensate customers and rebuild trust says Insurtech UK
Insurers will need to rebuild trust with customers following the Supreme Court ruling, but the pandemic has also highlighted the need for digitalisation
Canadian tech giant buys SSP
Regulatory approval expected in first quarter
LexisNexis Risk Solutions launches email address validation tool to combat application fraud
The tool is designed to streamline the quote process, free up insurer resources and assist with identifying fraudulent policies
Mike Brockman’s ThingCo secures £3m investment
Quarter of a billion worth of claimant damages stuck in litigation process – Zurich
Admiral sells Confused.com to Uswitch owner
‘Current insurance models aren’t fit for purpose’ for autonomous vehicles – Rideshur
Willis Towers Watson to leverage AI for emerging risk solutions
New Worry+Peace platform targets brokers
Co-op Insurance partners with By Miles to provide customer choice
Novidea looking to grow internationally following specialist broker on-boarding
Zego secures European broking licence
Data sharing needs to improve for London Market to lead in cyber insurance
Motor Insurers’ Bureau responds to reimbursement query for e-scooter crimes
Zego buys telematics firm
Insurance Times Awards finalist 2020 Q&A: FloodFlash’s cloud based underwriting approach overhauls flood cover for SMEs
Insurance premiums £90 cheaper for electric cars – comparethemarket
Criminals on e-scooters may have to reimburse insurer or Motor Insurers’ Bureau – FOIL
Flock enters flexible connected motor insurance market
Insurance Times Awards finalist 2020 Q&A: Collective Benefits serves self-employed with tailored on-demand insurance proposition
Technology Analysis
Industry experts raise insurance implications after first woman convicted of e-scooter drink driving
A 20-year-old woman in Newport, Isle of Wight was found to be nearly three times over the legal limit of alcohol while driving an e-scooter, industry experts debate the insurance implications
‘We’re not interested in profit – we’re interested in building an asset’ says McCarron Coates
The Leeds-based commercial broker tells Insurance Times about its ‘old-fashioned’ approach to broking and why service quality is paramount
Customer engagement set to be boosted by greater use of digital and AI, says Ageas claims director
With the Covid-19 pandemic accelerating both customer and staff comfort in using digital communications and processes, insurer and customer engagement is expected to go up a notch in 2021, predicts UK claims boss
Briefing: Five reasons why insurance price comparison has lost its lustre
The FCA pricing crackdown and the sale of two major price comparison businesses come amid a sector losing its lustre
