Data analytics
FCA warned on nearly 2000 potential scams in 2021/22
The Financial Conduct Authority added 1966 possible scams to its consumer warning list between May 2021 and April 2022 the watchdog has confirmed as it updated on the progress of its data strategy.
Blog: Commercial insurance fraud risk rises when data is taken at face value
As home and motor insurance providers employ ever more sophisticated tools to help identify application fraud and crack down on claims fraud, the risk is that the smaller end of the commercial insurance market could be next in line for a serious uptick…
Cyber hits top spot for schemes commission earnings
SchemeServe research shows that cyber has outpaced other insurance schemes with an 87% increase in commission earnings over the past six months.
Opinion: Why the human touch remains integral to the underwriting profession
MX Underwriting’s James Gerry explores why the personal touch will never go out of style in insurance
Opinion: Making sense of the census
Errars’ Jeremy Keating considers how the latest government census will impact insurance and asks how brokers can create opportunity from the gathered data.
Blog: The power of customer data
Stuart Goldsmith reflects on the broker benefits of understanding customer data and explains why truly knowing the customer is business critical.
Humn acquires Walsingham Motor Insurance
The fleet provider says the deal will accelerate its distribution network with brokers.
Applied Systems reveals brokers' top digital trends
In its annual digital broker survey, the software provider unveils that 66% of brokers have a digital strategy in place while only 30% are integrating data analytics to gain business insight.
Stubben Edge acquires Akoni Hub
The technology provider has said the new partnership will give brokers the tools to manage their cashflow better, develop products to market more quickly, and accelerate growth.
LexisNexis launches data enrichment product
Commercial PreQuote is available through Acturis and is said to enable brokers to validate customer data prior to quote.
News analysis: EVs set to rise within commercial motor
As customers go down the electric vehicle route, Insurance Age has asked industry experts to outline the impacts and challenges that EVs bring within the commercial space.
In-depth - data: Scheme machine
Information is vital for convincing providers to back a scheme and, as Martin Friel finds out, the richer the data brokers have, the more likely a new scheme will get off the ground and succeed
In-depth - data: The personal approach
It’s time to apply the same use of data, as well as data encrichment and verification, to the SME market, says LexisNexis Risk Solution’s Martyn Mathews
In-depth - data: Commercial gains
Data has driven automation, efficiency and profit increases in personal lines, but commercial has been slower to follow. Martin Friel explores why, and asks how commercial lines can catch up
Insurance premiums drop 16.9% for young van drivers
But data from Consumer Intelligence also shows that van drivers under 25 pay over 3.5 times more for their insurance compared to other demographics.
Blog: Competition is good for brokers and customers
In a sponsored post, Close Brothers MD Seàn Kemple discusses how the premium finance provider aims to support brokers in the future.
Biba 2021: The Future of Broking
Phil Barton attacks scale-led consolidation and warns broking is “in a dangerous place” as an expert panel including Aon’s Julie Page, A-Plan’s Carl Shuker and Atlanta’s Ian Donaldson consider the future in a session chaired by Brokerbility’s, Ashwin…
LexisNexis launches data solution for SME brokers
According to the provider, the product is designed to help small to medium sized UK brokers price more effectively, cut operational costs and improve the customer journey in personal lines.
LexisNexis urges brokers to focus on data or risk being "left behind"
The company is gearing up to launch two more products aimed at brokers in the near future.
Google: Why brokers are "key enablers"
Insurance Age meets Dr Henna Karna, who heads up reinsurance and risk management solutions at Google Cloud, to learn more about Google's insurance plans and discuss the future for brokers in a tech dominated landscape.
LexisNexis unveils customer data management product
New offering pulls together data from multiple touchpoints, including quote, renewal and claims, to help brokers and providers build a comprehensive representation of their customer as well as find cross-selling opportunities.
Blog: Making data enrichment accessible for smaller brokers
Richard Tomlinson, MD of Percayso Inform, discusses how smaller brokers can approach data enrichment and analytics to achieve their objectives.
Blog: Why brokers must use data to understand post-pandemic risk
Jeffrey Skelton of Lexis Nexis highlights the importance of digital, data and connectivity as brokers navigate a world with coronavirus.
Blog: The digital path forward
Andy Fairchild explains why the time to digitally transform is now.