All TechTalk articles – Page 73
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NewsRSA to launch digital front-end for motor as it tackles 109.7% COR
Insurer will also apply technology to new Nationwide business
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NewsZurich teams up with smart tech company
Zurich hopes the partnership will bring smart tech into British homes
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NewsIndustry must ‘look past the hype’ of blockchain
PwC UK insurance leader Jonathan Howe says technology will not be the best solution for all insurance processes
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NewsWunelli selects Vodafone for telematics devices
Telematics provider Wunelli has chosen connected car services provider Vodafone Automotive as a supplier of hardware telematics devices and data. Wunelli’s products allow insurers and brokers to offer telematics-based motor insurance to customers. Vodafone will help Wunelli provide insurers with a greater choice of data collection ...
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NewsCyber startup launches ransomware protection guarantee
Cybersecurity startup SentinelOne has launched a new protection guarantee that pays up to $1m (£760.840) if SentinelOne’s software fails to detect a ransomware cyber-attack on a company’s system. The software, which learns the user’s behaviour on devices such as mobiles and computers, will alert the user ...
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NewsAviva defends quoting teenager £11,500 for telematics policy
Aviva has defended giving a 19-year-old driver a telematics based car insurance quote of £11,500 a year. Naomi Bowler who has only been driving since December told the Daily Mail that the quote was almost six times as much as what she paid for her car. ...
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NewsUse of big data risks making some people uninsurable - CII
The increasingly sophisticated use of data could create an “underclass” of people who cannot afford insurance, a report from the Chartered Institute of Insurance (CII) has warned. And as a result consumers could miss out on some types of cover altogether if insurers deemed them too ...
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NewsPen Underwriting creates cyber lead role as it plots to expand offering
Pen Underwriting has appointed Adrian Scott to the newly created role of head of cyber liability. In his new role Scott will be responsible for developing Pen Underwriting’s capabilities in cyber risk management and insurance. He joins Pen from Ridge Global, a cybersecurity firm founded and ...
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NewsInsurers unprepared for driverless vehicles - KPMG
Insurers are unprepared for the arrival of driverless vehicles, a new study from KPMG says. The Autonomous Vehicle Insurer report found that many of the UK’s largest insurance companies agreed that driverless vehicles would touch every area of their business model. Key points: But ...
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NewsCharles Taylor licenses insurance platform to boost client service
Charles Taylor InsureTech, the insurance technology arm of insurance services firm Charles Taylor, has licenced software provider Fadata’s INSIS platform to extend its systems capability for life, general and health insurance clients. INSIS is a flexible insurance platform that provides coverage such as underwriting, premium collection, ...
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NewsTokio Marine Kiln launches online platform for specialist business lines
Lloyd’s insurer Tokio Marine Kiln (TMK) has launched a web-based platform to give brokers access to specialist business lines that have traditionally been difficult and uneconomic to reach. The One TMK is a digital exchange for brokers to quote and bind policies online in real time. ...
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NewsTech & Innovation Awards finalists on challenges and successes they have faced
As the insurance market becomes increasingly digitised established firms find themselves trying to keep up with the pace of customer demand, while disrupters rush into the market. In the run-up to this year’s Tech and Innovation Awards our shortlist of finalists presented their submissions in front ...
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NewsTech & Innovation Awards finalists tell their inspiring stories
The finalists for this year’s Tech and Innovation Awards presented their submissions in front of a panel of expert judges on Wednesday. The Insurance Times editorial team was at the scene to talk to some of the shortlisted candidates about why they entered the Awards and ...
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NewsTesla cars in a third Autopilot crash
For the third time in a few weeks, a Tesla electric car has crashed while the driver claimed the car’s self-driving system was switched on. Montana police said the Tesla driver claimed the Autopilot system was activated when the latest accident occurred early on Sunday morning. ...
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NewsMarsh and Chaucer do first deal on new London market platform
Marsh and Chaucer have bound the first risk on PPL, the London market’s newly launched electronic placement system, yesterday morning. Marsh was the broker for the standalone terrorism risk bound on the platform, and Chaucer the underwriter. PPL went live yesterday for standalone terrorism risks – ...
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NewsGovernment launches automated car insurance consultation
The government has launched a consultation on rule changes that will pave the way for automated cars to be used on the country’s roads. Under the proposals, rules will be changed so automated vehicles can be insured for road use. The Highway Code and regulations will ...
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NewsLondon market electronic placing platform goes live
PPL, an electronic placement platform for the whole London market, has started trading today. Brokers and underwriters are now exchanging information on standalone terrorism risks, the first class of business to go live on PPL. Electronic placement of risks has long been an aim of the ...
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NewsDriverless cars will need cover against cyber attacks - AXA
Driverless cars will need insurance to protect against cyber-attacks, AXA Insurance technical director David Williams has said. Motorists using driverless cars may have to insure themselves against the risk of hackers remotely stealing their vehicles or taking control of them and then demanding ransom payments. A ...
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NewsPremiums rise 19.2% amid soaring car repair costs
Car insurance premiums rose by 19.2% in the second quarter of 2016 compared to Q2 2015, according to the latest Confused.com/Willis Towers Watson car insurance price index - the biggest annual rise recorded by the Index since 2011. This latest increase means that the average comprehensive ...
