Cyber insurers running scared: Ransomware “as profitable as cocaine”
Cyber insurance firms are moving to cap clients' cover and hike their premiums following a surge of ransomware attacks during the pandemic. While insurers have enjoyed skyrocketing demand for cyber...
GlobalData poll suggests the digital bancassurance channel should look towards personal lines
A GlobalData poll in Life Insurance International (LII) found that home, motor, and travel are the three product lines that...
How to do gambling in a mentally safe way
Gambling can be both fun and thrilling. It holds a lot of excitement, and winning money is of course the...
Rising house prices will drive term assurance premiums up
The rising cost for consumers to take out a term life assurance policy will increase as average UK house prices...
Employers’ liability rate for SMEs drops to new low as many accept the risk
UK SMEs are taking on extra risk by not purchasing employers’ liability insurance – a legal requirement – as its...
Latest News
WTW taps CodeEast to offer digital solutions to insurers and MGAs
British insurance broker Willis Towers Watson (WTW) has formed a global partnership with software provider CodeEast to offer a new…
Chesnara buys Robein Leven to bolster life and pension offerings in Netherlands
UK-based life insurance firm Chesnara has entered into an agreement with Monument Re to acquire Netherlands-based Robein Leven. The deal…
Bajaj Allianz, TropGo team up on drone insurance
Bajaj Allianz General Insurance (BAGIC) has joined forces with TropoGo, an Indian drone marketplace, for distributing its drone insurance offering.…
Fanhua taps Aviva-COFCO to launch critical illness cover in China
Chinese financial services provider Fanhua joined forces with Aviva-COFCO Life Insurance to launch a new offering. The newly launched product,…
Features
Likely mortality impacts of the post-pandemic recession
As the pandemic has progressed, collective minds have shifted their focus from the direct mortality impacts of Covid-19 to the longer-term implications. One of the...
Auto insurance automated – how technology is driving the industry into the future
It’s no secret, applying for motor insurance is seen as a cumbersome and time-consuming process that very often leads to confusion about what is (or...
Insurance and insurtech in 2021: full steam ahead?
2020 was a year dominated by a global pandemic. While it has not left the news, particularly in places such as the UK, insurance has...
Driving the UK economy forward – one van at a time
Almost one year into lockdown and with no end to restrictions likely for the foreseeable future, the outlook for many does seem bleak. But there...
Zurich utilising AI to create jobs, not lose them
Usually, artificial intelligence (AI) and machine learning is associated with job losses as people are replaced by machines. Insurer Zurich has decided to go in...
How insurance providers can drive change in health and fitness
Since March 2020, the UK government has implemented measures to alleviate the pressure on the NHS and a new health strategy, alongside ongoing social distancing...
Can AI and machine learning make the insurance experience a joy?
Insurance has often been regarded as an unwieldy process. However, with developments in artificial intelligence (AI), could the insurance experience be ready for a change?...
The need for speed in a post-Covid-19 automotive insurance market
If there is one positive to take from the coronavirus pandemic, it’s that businesses have found more innovative and creative ways to not only survive...
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Expert Commentary & Analysis
View MoreLemonade closer to one-stop shop for insurance as it enters the auto market
Lemonade has expanded its product offering by launching telematics-based car insurance, gradually making strides to become a one-stop shop for insurance products. Lemonade and its imminent acquisition of auto insurer…
Mitigating long-term risks of climate change drives adoption of ESG practices in insurance
Managing the long-term risks of climate change is perceived as the main driver for the adoption of environmental, social, and governance (ESG) practices in insurance, according to a GlobalData poll.…
Greggs and Zurich set to reignite battle between UK businesses and insurers
While GlobalData’s survey data indicated that small businesses’ trust in insurers increased following the business interruption court cases in 2020, the continued reporting of disputes is likely to reverse this…
Insurtech trends: Fintech leads Twitter mentions in Q3 2021
Life Insurance International lists the top five terms tweeted on insurtech trends in Q3 2021, based on data from GlobalData’s Influencer Platform. The top tweeted terms are the trending industry…