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Poor availability affects uptake of personal cyber insurance despite good demand
According to GlobalData’s 2021 UK Insurance Consumer Survey, only 3.7% of UK consumers have a personal cyber insurance policy in…
Australia’s new cyclone reinsurance pool will benefit both consumers and insurers
The announcement of a government-backed cyclone reinsurance scheme in Australia will help insurers to keep on top of a growing…
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…
One third of UK SMEs with commercial vehicle insurance have a usage-based insurance policy
33% of UK SMEs with commercial vehicle insurance have some form of usage-based insurance (UBI), and a further 18.6% are…
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Davies signs deal to acquire IRS
Davies has signed a purchase agreement to acquire Insurance Risk Services (IRS), the property and casualty inspection firm that provides…
Adoption of mobile robots for property inspections shows growth potential for computer vision applications in insurance
Computer vision promises to improve the claims handling process and more accurately assess losses for insurers. Satellite images, drones, and…
Growth opportunity for cyber insurers as pandemic increases SMEs’ risks
Nearly a third of SMEs in the UK believe that the cyber risk they face has increased as a result…
Willis Towers Watson teams up with Applied to enhance pricing
Applied Systems Europe has partnered with Willis Towers Watson to support real-time pricing in the insurer's Radar Live partner programme.…
An Uber Eats experiment paves a new path for gig workers
A pilot project from UberEats is trialling walking couriers in Tokyo, making for a slower sort of food delivery than…