Technology
The runners and riders in the Open GI sale
Open GI is reportedly up for sale, with private equity shareholder Montagu wanting to exit. Who are the likely new investors?
Acturis is not for sale, sources reveal
Acturis is not for sale, sources close to the company has confirmed, following a report that a key shareholder was eyeing up an exit.
Open GI shareholder looking at sale options – report
Open GI’s majority shareholder is targeting a sale of the business in the second quarter of 2023, according to Reuters.
Polaris’s imarket hits new high with £322m premium in 2022
The number of policies traded on imarket, which connects broker software platforms to insurer systems for the placement of commercial lines, hit a record 497,883 in 2022, Polaris has revealed.
Hiscox launches broker extranet
Hiscox has launched a broker extranet claiming it is the first full cycle digital trading extranet built by an insurer that supports integration into brokers’ Acturis back office.
Bravo unveils ‘biggest transformation’ in broker network trading for two decades
Bravo has hailed its latest launch as “the biggest transformation” to how broker networks add value for members in the past 20 years.
Open GI eyes pay-as-you-go market after Love Your Miles partnership move
Technology provider Open GI is eyeing up the growing pay-as-you-go market, after having entered the sector with online motor broker Love Your Miles in 2022.
Are brokers bucking the trend of insurtech investment struggles?
According to a new Gallagher Re report, global insurtech investment fell in the fourth quarter of 2022 to its lowest level since the third quarter of 2020. Sophie Locke-Cooper details why some may be struggling even if there are signs of hope among…
In depth: The importance of cyber crime education for both brokers and SMEs
The potential seriousness of cyber attacks and their increasing frequency are big concerns to both brokers and their clients. Martin Friel investigates how important education around this risk can be.
Saga in 'exclusive' sale talks with insurtech over Acromas underwriting arm
Over-50s specialist Saga has confirmed that it is in exclusive discussions with Australian insurtech Open to sell its insurance arm Acromas.
In depth: Are SMEs behind the times with cyber insurance?
Despite the majority of SMEs not holding any cyber insurance, these attacks are increasing. And despite their size, Martin Friel finds that many smaller businesses are more at risk than larger companies.
Biba manifesto 2023 - cost-of-living crisis in depth
The British Insurance Brokers' Association has focused in on the role brokers can play to help the UK tackle the current cost of living pressures, as it launched its 2023 manifesto.
Thomas Carroll launches insurtech start-up TCi Futures
Thomas Carroll Insurance Brokers has launched a new insurtech company, TCi Futures.
CNA Hardy targets technology businesses with cyber suite launch
CNA Hardy has launched the latest addition to its technology product suite, Technology Package+, which offers an updated set of cover.
Opinion: Machine learning – the art of the possible
Using an analogy involving cats and dogs Tom Murphy, co-founder and chief technology officer of Machine Learning Programs, explains machine learning, why it matters and how it can help brokers.
Ripe Thinking hires ex-Towergate duo to 'help drive growth'
Insurtech broker Ripe Thinking, has hired Simon Trott as chief operating officer and Rob Styring as chief financial officer.
News analysis: Why are brokers offshoring to South Africa?
Complete Cover recently became the latest personal lines broker to offshore some of its operations to South Africa. Saxon East explores the attraction for intermediaries in outsourcing to a country over 6000 miles away from the UK
Biba and CFC publish new cyber risk guide
The British Insurance Brokers’ Association has worked with CFC to publish a new guide to help brokers and small businesses understand the prevailing cyber risks.
Stubben Edge buys Insurercore
Stubben Edge Group has bought tech enabled distribution platform Insurercore.
Biba’s website down ahead of scheduled Tuesday relaunch
The British Insurance Brokers’ Association website is down, as the association states a new and updated website to be launched Tuesday.
Increase in scamming methods as ransomware frequency decreases- CFC’s Lindsay Nelson
Cyber development leader at CFC Underwriting, Lindsey Nelson, has warned the insurance industry not to ignore other ways of scamming as ransomware decreases in frequency yet still dominates the headlines.
A system to categorise cyber incidents in the pipeline - CFC head Burns
At the CFC Cyber Forum yesterday, James Burns, head of cyber at CFC, revealed plans to categorise cyber incidents, just like weather events, to determine the impact of each incident and to help insurers and brokers regulate the severity of subsequent…
Blog: Don’t get left behind, your digital future awaits
Technology has long since become an integral part of all our lives, but as the sophistication of the tech and the speed of development increases, so too does the complexity of managing the risks it creates. James Stretton, left, and Matt Clayton, senior…
Airmic CEO warns industry of challenging times ahead
Julia Graham, CEO at Airmic, has stressed the harsh market has given insurers and brokers new challenges and that difficult times are ahead.