Tech Talk
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News Analysis
TechTalk: Climate change focused insurtechs support insurers to ‘insure the uninsurable’
Industry needs to ’adopt new technologies to future forecast’ because developing climate change risks are ’harder to insure as you can’t rely on historical data’, says senior manager
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News Analysis
Briefing: Who’s afraid of open insurance?
Legacy systems have slowed down the progression of open insurance, but the benefits for insurers and brokers are clear – and insurtechs are vital
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News Analysis
TechTalk: Impact of simplified R&D scheme for insurtechs and startup brokers is ‘yet to be seen’
Brokers and MGAs investing in software that is new, improving a process or addressing an uncertainty could benefit from R&D tax relief
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News Analysis
Briefing: Insurtech is still a man’s game – but it’s changing
Historically, insurtech has been considered a male domain – but how are emerging technologies opening up opportunities for women to progress their careers?
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News Analysis
TechTalk: AI code of conduct is a start – but ‘comprehensive governance structure’ still needed
’While it’s possible to set general principles, how do you translate that into something that’s going to work for every company or use case?’ says head of analytics
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News Analysis
Briefing: New angel investing rules could worsen ’existing disparities’ for female insurtech bosses
’The recent changes to the high net worth threshold in the Treasury startup coalition angel investment rules are concerning,’ says chief executive
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News Analysis
TechTalk: Gibraltar making moves to attract innovation
The British overseas territory has been evolving as an insurance ‘centre of excellence’ with a fantastic support network for insurtechs, but is keen to diversify away from its most dominant line of insurance
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News Analysis
Briefing: Post Office scandal reawakens AI concerns
AI-powered chatbots have been known to hallucinate and spit out ‘unpredictable’ results, but could faulty software accounting systems from the late nineties be a sign of what’s to come with the technology?
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News Analysis
TechTalk: Reinsurance rate hikes hit insurtechs – but opportunities await
As reinsurance rates climb and more of the same predicted for 2024, it is becoming trickier for insurtechs to survive in the hard market, but with every negative comes a positive
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News Analysis
Briefing: Educating policyholders on pet health could reduce claims
’Nobody wants a sick pet, it’s bad for the pet and it’s bad for pet parents,’ says chief marketing officer
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News Analysis
TechTalk: AI uptick could see firms needing insurance to cover ‘mishaps’
While the onus for responsible use of AI currently lies with the regulator, should the insurance sector be addressing these concerns as a matter of priority?
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News Analysis
Briefing: Schooling the next generation in insurance via storytelling
Insurance is never short of a fascinating narrative, which is why one charity is using storytelling as a mechanism to get children interested in the sector
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News Analysis
TechTalk: Lack of VC funding for BAME-led insurtechs deemed ‘unacceptable failure’
Funding for ethnic minority insurtech founders has come under the spotlight as Black History Month gets underway this October
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News Analysis
Briefing: Could R&D tax credit error and fraud be the next PPI scandal?
R&D tax relief is supposed to help insurtechs, startup brokers and SMEs claw back costs invested in innovation, but this initiative has been ’abused’ to some extent
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News Analysis
Briefing: Is the term insurtech still fit for purpose?
The term was initially used to describe insurance technology disruptors, but should it be made redundant as the sector shifts to a collaborative position?
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News Analysis
TechTalk: ‘Licensing process is a maze’ for insurtechs tied up in complex regulation
For insurtechs applying for a carrier licence for example could hold options but due to complicated and lengthy approval periods it may not be suitable for all, which means Gibraltar remains popular
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News Analysis
Briefing: Vesttoo fallout could spur ‘weakening in market confidence’ over LOCs
Letters of credit are used increasingly in the insurance market as collateral, but could the latest incident lead to more rigour being applied to ensure validity?
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News Analysis
Tech Talk: Insurance apps – industry gamechanger or ‘necessary evil’?
Insurance apps are used in the industry to better understand policyholders and bridge a communication gap, but while downloads have increased the spectre of low engagement persists
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News Analysis
Briefing: Is AI coming for our jobs?
ChatGPT holds both opportunities and risks for insurance sector and for the journalists who write about it
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News Analysis
Tech Talk: Breaching the technology barrier to M&A by bringing insurtech firms in-house?
For larger brokers some do not know where to go in terms of technology as the landscape is very much driven by M&A