Technology
Claims – are brokers confident in insurers, MGAs and TPAs to deliver at the moment of truth?
Both the Financial Conduct Authority and Financial Ombudsman Service have recently highlighted issues around insurers and managing general agents outsourcing claims to third party administrators. Siân Barton examines whether brokers hold similar concerns…
Broker Insights hones in on £6bn
Broker Insights has confirmed that brokers have uploaded £5.5bn of gross written premium to its Vision platform as it tracks towards hitting £6bn by the end of the year.
IS2 promises supercharged commercial schemes distribution
IS2 has launched an API enabled hosted pricing solution, staking a claim for a commercial lines schemes first.
Applied Net 24: European business expanding commercial lines panel “significantly”, says CEO Needs
Applied Systems Europe is expanding its panel “significantly” in commercial insurance according to CEO Tom Needs, adding both Zurich and Aviva.
Applied Net 24: Commercial lines panel main UK market challenge for software house
Taylor Rhodes, CEO of Applied Systems, claimed the challenge in the UK market is the commercial lines panel from insurers and getting them to broaden their panel placement.
Applied Net 24: Applied eyes opportunities for automation
Applied Systems sees opportunities for automation and data use, as its clients number one ask is for more operational efficiencies, chief product officer Anupam Gupta told journalists at Applied Net 24.
Blog: Try it, test it, embrace it
As AI comes of age, CDL CEO Nigel Phillips sets out why it’s time to harness a new era of AI capabilities.
Infusing GenAI into insurance
Generative AI (GenAI) could revolutionise the insurance industry. Insurers unprepared for significant changes and new value sources may miss out on its potential.
My Insurance Downtime: Ben Taylor, Verisk Claims
Ben Taylor, business development manager at Verisk Claims, offers us a window into his life outside of insurance.
Market Movement Index: Smaller insurers gain market share from re-broking
New research from Broker Insights shows brokers are placing more business with smaller players, resulting in a changing landscape where competition can thrive. Rachel Gordon reports.
How can the insurance industry bust ghost brokers for good?
With ghost broking a growing and persistent threat to the insurance industry, Rosie Simms asks whether technology is making the problem more prevalent – or easier for insurers to spot.
Momentum investor AUB takes 80% stake in Movo Group
Australian broking giant AUB Group has agreed to acquire an 80% equity stake in the Movo Group of Companies.
HSB Knowledge Squad Podcast: The role of business computer insurance in an evolving digital world
In HSB’s latest Knowledge Squad podcast, Mathew Prentice, Stacey Sheridan and Andy Meanock discuss how evolving working trends are impacting business computer-related insurance risks, and what key computer equipment exposures businesses need to consider.
Hiscox rolls out Google-backed AI model to all brokers
Hiscox has today announced that it is rolling out its AI-enhanced lead underwriting model to all of its London market brokers after a successful proof of concept.
RSA declares UK first with cloud solution for claims
RSA has launched an enhanced broker and customer claims portal, asserting it was the first UK insurer to implement the Guidewire cloud solution.
Cyber outage insured losses estimated at up to $1.5bn
CyberCube has estimated preliminary global insured losses for the standalone cyber insurance market from the CrowdStrike IT outage last week at between $400m (£310m) and $1.5bn (£1.16bn).
Acturis continues personal lines push with Covéa
Acturis has partnered with Covéa to make the insurer’s Home IHP product available on its platform, adding to the previously rolled out motor offering.
UK Broker Awards 2024 shortlist announced
Today Insurance Age can reveal the shortlist for the 2024 UK Broker Awards.
Techspertise
The international ARAG Group has high ambitions for our future growth following the acquisition of DAS UK, and one of the most exciting prospects is the investment in technology that has been planned, to help us achieve those goals.
Astorg takes majority stake in Acturis
European private equity firm Astorg has boosted its investment in Acturis to over the 50% threshold.
Four steps to better broker/underwriter workflows
Whether you’re a broker trying to develop a rapport with customers or an underwriter trying to assess and determine acceptable risk, a shared understanding of each side's priorities and pain points is key.
Acturis maintains growth streak with 19% revenue expansion
Acturis has posted a £22.75m rise in revenue for 2023 to £144.1m, its 22nd consecutive year of growth.
CDL grows revenue but profit drops for second year in a row
CDL grew revenue by 6.9% to £59.54m in the year ended 30 September 2023, however profit after tax dropped for the second consecutive year to £10.01m.
C-Quence seeks to “unleash” digital tools and target schemes after Sompo tie-up
C-Quence is looking to “unleash the breadth” of its digital capabilities and target more schemes business having switched capacity provider for its property and casualty and property owners propositions.