Experian data hack concerns software houses

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Experts warn that hacking is a worldwide problem that brokers and insurers need to protect themselves against, or face fines.

Software houses have expressed concern about a data breach experienced by Experian in the USA.

Experian saw its servers hacked and the personal data of 15m T-Mobile customers stolen last week.

Theo Duchen of Acturis said the news of a breach at Experian was a concern. "I think it is a big deal," he commented.

He explained that that in the insurance sector providers such as Experian, Equifax or Lexis Nexis provide third party data.

The insurer or broker can send a query about their customer to

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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