Analysis – Page 3
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News AnalysisTechTalk: Climate change focused insurtechs support insurers to ‘insure the uninsurable’
Industry needs to ’adopt new technologies to future forecast’ because developing climate change risks are ’harder to insure as you can’t rely on historical data’, says senior manager
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News AnalysisConcerns raised that risks placed on eTrading platforms could ‘go too far’
’There’s now far too many technical risks that are now going through an eTrade model,’ says technical director
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News AnalysisBriefing: Who’s afraid of open insurance?
Legacy systems have slowed down the progression of open insurance, but the benefits for insurers and brokers are clear – and insurtechs are vital
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News AnalysisThe double-edged sword of data science
Although data science has been a huge help to the insurance industry, it brings its own risks too and insurers must ‘understand the risks rather than go in blindly’, according to data science lead
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News AnalysisTechTalk: Impact of simplified R&D scheme for insurtechs and startup brokers is ‘yet to be seen’
Brokers and MGAs investing in software that is new, improving a process or addressing an uncertainty could benefit from R&D tax relief
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News AnalysisThe Big Question: How does the increasing integration of data analytics in insurance impact the war for talent?
AI and advanced data analytics are already making waves in the insurance sector. Insurance Times interviews five industry experts to delve into their perspectives on the significance of this technological transformation for the industry.
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News AnalysisUK has ‘right approach’ to AI versus EU’s legislation
’The real risks are with the use of AI, not with the technology itself,’ says chief executive
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News AnalysisBriefing: AI must be used intelligently to augment people-based insurance sector
It is imperative to embrace the opportunities AI can offer in terms of back office functionality, but insurance professionals shouldn’t fear for their jobs just yet
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News AnalysisBriefing: Insurtech is still a man’s game – but it’s changing
Historically, insurtech has been considered a male domain – but how are emerging technologies opening up opportunities for women to progress their careers?
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News AnalysisOpinion: Has EU left UK behind on AI regulation?
Editor Katie Scott compares strides made by the European Union and UK when it comes to regulation around the use of artificial intelligence – has Brexit held the UK back?
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News AnalysisTechTalk: AI code of conduct is a start – but ‘comprehensive governance structure’ still needed
’While it’s possible to set general principles, how do you translate that into something that’s going to work for every company or use case?’ says head of analytics
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News AnalysisSuperscript enters next phase of accelerated growth with SME focus
’It’s been quite a journey already – the next phase is about maturing as the scale comes,’ says chief executive
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News AnalysisBriefing: New angel investing rules could worsen ’existing disparities’ for female insurtech bosses
’The recent changes to the high net worth threshold in the Treasury startup coalition angel investment rules are concerning,’ says chief executive
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News AnalysisUK insurtech sector ‘remains in most optimal place’ – Gallagher Re
An ’overcorrection’ in the insurtech sector has laid the foundation for a 2024 ’uptick’, says global head of insurtech
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News AnalysisCommercial lines digitalisation must accelerate to avoid risks – IS2
E-commerce companies in the SME space could begin to cut out brokers from the sector, warns commercial director
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News AnalysisBriefing: Amazon exit is further evidence of insurance sector’s resilience
The tech firm just ’wasn’t on par’ with the existing ’pretty slick’ UK price comparison offering
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News AnalysisTechTalk: Gibraltar making moves to attract innovation
The British overseas territory has been evolving as an insurance ‘centre of excellence’ with a fantastic support network for insurtechs, but is keen to diversify away from its most dominant line of insurance
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News AnalysisBriefing: Post Office scandal reawakens AI concerns
AI-powered chatbots have been known to hallucinate and spit out ‘unpredictable’ results, but could faulty software accounting systems from the late nineties be a sign of what’s to come with the technology?
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News AnalysisAI tipped as ‘next growth area’ despite lack of broker investment
Cost was listed at the ’biggest barrier’ for brokers in terms of technology adoption says senior director in customer experience
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News AnalysisTechTalk: Reinsurance rate hikes hit insurtechs – but opportunities await
As reinsurance rates climb and more of the same predicted for 2024, it is becoming trickier for insurtechs to survive in the hard market, but with every negative comes a positive
