Technology
Lloyd’s finishes cyber threat investigation and starts restoring online systems
Lloyd’s has found “no evidence” its systems were compromised following an investigation into a cyber threat.
Lloyd’s cyber probe ‘advanced’ but online systems remain in shutdown
Lloyd’s external connectivity remains in shutdown as it continues to investigate the cyber threat that emerged last week.
UK Broker Awards 2022: Customer Service Award
Grow organically by more than 150% in one year? That’s the striking target Ascend Broking Group set itself, which it would achieve in part by a dedication to customer service
UK Broker Awards 2022: Broker Support Partner of the Year
Last year SchemeServe achieved its goal of becoming a complete end-to-end software provider for scheme brokers – a significant milestone in its more than 20-year history. An insurance platform “all about solving problems”, its offering includes product…
Lloyd’s cuts off online delegated authority platforms amid cyber threat
Lloyd’s took swift action yesterday to safeguard its online security by resetting its systems and switching off all external connectivity after discovering “unusual activity” on its network.
Stubben Edge buys finance platform Finpoint
UK-based insurtech Stubben Edge has acquired credit broker Finpoint for an undisclosed sum.
BGL Insurance prioritises talent and digital following Markerstudy deal
Managing director of distribution at BGL Insurance, Laura Mullaney highlights the brokers’ main focuses after its takeover by Markerstudy.
Ex-Hiscox UK CEO Thaker joins Abacai as Complete Cover CEO
Bob Thaker, the former UK CEO of Hiscox, has taken over as CEO of insurtech Abacai’s broking business Complete Cover Group, Insurance Age can reveal.
Opinion: New regulation for software houses will have unintended consequences
Ignite’s Toby MacLachlan considers how government plans to crackdown on software houses and third party financial services support partners could pan out.
The Insurance Museum opens with fire insurance exhibition
The Insurance Museum has unveiled its first online exhibition which is titled Fire! Risk and Revelations and will go live on 7 September.
FOI reveals increase in cyber breach incidents reported to FCA by brokers
A Freedom of Information request by Insurance Age has revealed that the number of cyber breach incidents reported to the Financial Conduct Authority has increased for insurance intermediaries but dropped for regulated firms altogether.
Iprism integrates with Acturis
Managing general agent Iprism has added its tradesman, contractors and professionals product to the Acturis trading platform.
Stubben Edge Group acquires Bonhill Group’s Business Solutions & Governance Division
Stubben Edge has acquired a division of insight and content provider Bonhill Group as it seeks to offer its brokers and their SME customers a broader service.
Stubben Edge buys Genesis Special Risks
Stubben Edge has announced two strategic developments which have been designed to expand its capabilities for IFAs and brokers, Insurance Age can reveal.
Biba adds eSentire as associate
The British Insurance Brokers' Association has added eSentire as an associate to offer members support on cybersecurity.
Spring launches SME cyber cover
Spring Insure has launched a commercial cyber offering tailored for small and medium sized enterprises.
Software houses face regulatory oversight
The Bank of England, Prudential Regulation Authority and Financial Conduct Authority have set out plans to oversee “critical third parties” in the financial services sector.
Insurtech MGAs – alive and kicking
Insurtech MGAs are winning over brokers and even though it may be a case of ‘horses for courses’ the arrival of a range of new providers, including within commercial lines, is creating welcome competition. Rachel Gordon learns more.
Experts warn clients will look elsewhere if brokers ignore parametric insurance
Specialists have highlighted the benefits to brokers of delivering parametric insurance to their clients and warned they will lose out if they do not engage with the fast-expanding offering that is becoming more mainstream.
In Depth: Insurtechs – brokers beware before before entering this sector
Does the insurtech sector offer brokers a land of opportunity or is it more about style over substance? Rachel Gordon reports.
Ripe grows turnover in 2021 with profits stable
Ripe Thinking has reported a 24% rise in turnover to £23.27m for 2021.
Roundtable: How can brokers blossom in the ever-evolving EV market?
The electric vehicle and hybrid market is set to grow exponentially in the next decade as UK motorists are encouraged to transition from internal combustion engines. Our expert panel and sponsor AX learn more.
Brokers looking to introduce multi-policy portfolio, says CDL’s CEO
CDL’s CEO, Nigel Phillips, has said brokers are looking to deploy a multi-policy portfolio, so that they can “reap” some of the benefits by offering a breadth of policies to their customers.
Acturis boosts revenue and profit in 2021
Acturis grew revenues by 6.7% in 2021 to £111.9m, its 20th consecutive year of revenue growth.