More than one in 10 UK SMEs have cancelled their cyber insurance cover as the COVID-19 fallout forced many to cut costs
A significant proportion of businesses and SMEs have had to cancel their cyber insurance policies to manage the COVID-19 fallout, exposing themselves to cyber threats. COVID-19 has brought cybersecurity into...
Hamilton Fraser partners with Trov to provide digital renters insurance
Insurtech Trov has partnered with insurer Hamilton Fraser to offer digital insurance products to customers. Furthermore, Trov is welcoming four...
The Risk Engine: supporting underwriting with speed and accuracy
Did you know that four of the top five risk factors contributing to the global disease burden are modifiable lifestyle...
Sky moves into smart home technology as it purchases Neos from Aviva
Sky has agreed a deal to purchase smart home technology company Neos from insurer Aviva. Although it may not be...
By Miles enters new partnership as COVID-19 boosts usage-based insurance
The COVID-19 pandemic has brought motor insurance into the spotlight. Mileage has fallen, strengthening the case for usage-based insurance (UBI)...
Latest News
Arthur J. Gallagher terminates proposed acquisition of WTW assets
Arthur J. Gallagher has called off the deal to acquire certain assets of Willis Towers Watson (WTW) following the termination…
Allianz adds live tracker to Claims Hub platform
Allianz Insurance has added a live tracking feature to its Claims Hub platform to provide real-time updates on the status…
Aon and WTW call off $30bn merger citing antitrust impasse
Aon and Willis Tower Watson (WTW) have decided to terminate their $30bn merger agreement and end the litigation with the…
QuesGates bolsters presence in Ireland with two acquisitions
UK-based specialist loss adjusting firm QuesGates has acquired Rossiter Claims Management Services and Keating Claims Adjusters to bolster its presence…
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 MoreIncreased levels of personalisation hit the term assurance market as more insurtechs launch pay-as-you-go life insurance
Over the past year life insurers have had to rethink their strategies, being pushed to adopt greater levels of digital services and underwriting flexibility – an area where life insurers…
Motor policies are the latest insurance product to be augmented with a reward programme
The augmentation of insurance policies has typically been restricted to life and healthcare insurance products. However, the concept of reward has now been applied to motor insurance policies, with Vitality…
Insurers’ response to COVID-19 has hurt their reputation
The reputation of the UK’s insurers and insurance industry has taken a hit due to its response to the COVID-19 pandemic, according to a GlobalData poll. The poll found that…
Axa’s announcement to stop coverage of ransomware payments prompts broader cyber insurance debate
Following talks with French officials, Axa announced in May that it would no longer write cyber insurance policies that reimburse customers for ransom payments made to ransomware hackers. The policy…