Insurtech
Complete Cover trims losses as turnover and headcount more than halve in 2022
Complete Cover Group has confirmed cutting its headcount to 91 last year, down from 281 in 2021.
My Perfect Broker Week: IRL’s Ed Gaze
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Innovative Risk Labs CEO Ed Gaze shares his thoughts.
MGAs urged to check on capacity partnerships amid Vesttoo fraud scandal
Managing general agents and carriers are being urged to carry out 'robust and periodic due diligence' following the Vesttoo insurtech scandal.
Ripe Thinking notches up first buy with boat insurance specialist
Insurtech broker Ripe has completed its first acquisition by snapping up specialist boat insurance provider, Craftinsure.
Majority of brokers using AI on a daily basis – RSA survey
Four in five brokers are already using artificial intelligence on a daily basis – and almost half see the potential benefits, but are also aware of the challenges it poses.
Mulsanne blames poor performing schemes and inflation for latest solvency issues
Mulsanne Insurance Company has admitted speaking to its regulator the Gibraltar Financial Services Commission about solvency capital requirement issues for the second time in four years, Insurance Age can reveal.
Stuart Reid adds MGA to his NED portfolio
Insurtech MGA, Qlaims, has recruited Stuart Reid as a non-executive director.
My Perfect Broker Week: Clear Group’s Phil Williams
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Phil Williams, Clear Group COO, shares his thoughts.
Brokers offered special deal for access to an insurtech under Biba scheme
Brokers can get access to a technology that helps them understand companies better thanks to a a new British Insurance Brokers’ Association scheme.
Acturis snaps up Broker Buddha to enter US market
Acturis has entered the US market with the acquisition of digital engagement plaform Broker Buddha.
What next for Mark Wilson after Abacai exit?
Despite his departure from insurtech Abacai, Mark Wilson has talked previously about the need to disrupt the insurance status quo going back to his days as group CEO of Aviva. Based on the assumption this exit is just a blip in that mission, Jonathan…
Dayinsure’s Barry Bown made Abacai group CEO after Wilson exit and job cuts
Barry Bown, boss of Abacai Technologies owned-Dayinsure, was promoted to group CEO after the departure of his predecessor Mark Wilson, Insurance Age can reveal.
Abacai CEO Mark Wilson resigns as director as DLG/M&A speculation ramps up
A trio of co-founders at private equity-backed insurtech Abacai Technologies, including former Aviva Group CEO Mark Wilson, have resigned as directors, Insurance Age can reveal.
Former Hastings boss Neil Utley leads £2.7m insurtech investment round
Insurance data intelligence provider Percayso Inform has secured a second round of investment with a £2.7m fundraise led by industry veteran Neil Utley, and its existing venture capital investor Praetura Ventures.
Drone MGA Moonrock to target brokers after getting FCA authorisation
Drone insurance specialist managing general agent Moonrock is to up its efforts to court the broker market after receiving full authorisation from the Financial Conduct Authority today, Insurance Age can reveal.
Loadsure targets 'middle market' with two new cargo launches
Insurtech MGA Loadsure has unveiled two launches it describes as "dynamic ocean cargo insurance" and "an industry-first digital ocean cargo and stock throughput" product called Danube and Huron, respectively.
MGAs fear regulatory scrutiny will deter new entrants and diversification
Nine in 10 managing general agents believe that regulatory scrutiny will increase over the coming year, potentially deterring more entrants into the space.
Webinar on-demand: Demystifying cyber coverage
In this video guide to cyber insurance cover, Coalition dives into the fundamentals of a standalone policy, what brokers need to look out for to get the most comprehensive coverage for clients, and some examples of how coverage helps policyholders during…
Insurtech Innovative Risk Labs enters Lloyd's
Innovative Risk Labs has staked a claim for being the first-ever broker of its kind to secure a license to operate within the Lloyd's market.
Lemonade gets UK carrier licence from PRA
The Prudential Regulation Authority has granted insurtech Lemonade a UK carrier licence.
Intelligent AI platform targets closing commercial property underinsurance gap
InsurTech Intelligent AI has launched its Intelligent Rebuild Cost Validation Platform, designed to address the long-standing challenge of underinsurance in the commercial property market.
How cyber insurance helps protect small businesses from the impact of attacks
Why do your small business clients need cyber insurance? In the current economic climate, cyber insurance might seem like a luxury rather than a necessity.
How artificial intelligence levels up email phishing
Email phishing attacks, which already account for nearly 90% of all data breaches, are becoming even more pervasive and harder to detect.
ERS and Acturis team up on full-cycle API car product for brokers
Acturis and specialist motor insurer ERS have launched an API based car insurance product for brokers on the software provider’s platform which replaces legacy EDI messaging.