Claims Technology – Page 42
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NewsCatalytic converter theft on rise as rhodium prices soar
Theives are exploiting a loophole in the law that called on dealers to run checks on where the metals had come from
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Markets & RisksInsurercore – a dating agency for brokers and insurers
As the market hardens and capacity tightens it is becoming increasingly difficult for brokers to find the cover or technological solutions they need to suit their clients, but could an innovative searchable online directory hold the answer to this industry dilemma?
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NewsSSP launches data solution to help brokers access trend insights
The company’s distribution director says the data set will ‘provide insights never before possible’
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NewsKennedys launches tool aimed at allowing insurance clients to self-serve claims
The new platform could save insurers and brokers time and money when getting legal advice as well as recovering written-off costs and helping underwrite future risk
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NewsLexisNexis Risk Solutions launches test phase of new Vehicle Build data set
The product supports underwriting by informing insurers on vehicles’ in-car safety features
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FeaturesThe Briefing: MGA market – MGAs are a ‘powerful weapon for brokers’
Insurance Times speaks to Manchester Underwriting Management about current trends within the MGA market as well as the all-important broker-MGA relationship
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NewsOpen Insurance – the initiative that could change the market
In an industry with so many players, open insurance could make data sharing slicker and improve customer retention by increasing trust, but some fear it could be a direct threat to brokers
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News AnalysisHastings turns to pricing strategies as it seeks more profitable 2020
Earlier today the group revealed its full year financial results that saw claims inflation impact its loss ratio but customer retention was positive
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NewsTractable raises $25m with view to expand AI proposition worldwide
This brings the insurtechs funding total to $55m
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NewsInsurtech Aventus secures £2.6m investment round
The seven-month old business plans to expand its people development
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NewsArron Banks reportedly among 1,600 hit by FCA data breach
The results of a freedom of information request was exposed
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NewsMGAs in line for Lloyd’s syndicate-in-a-box bids
Higher than expected number of bids to launch syndicates, Lloyd’s chief said
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NewsDirect Line axing 800 jobs amid digital transformation drive
The main losses will be from its Ipswich office which is closing in 2022
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NewsZego triples staff headcount in 12 months amid recruitment drive
It hopes to double its staff number again this year, it follows Nick Pester joining the insurtech
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NewsCompare the Market owner leads funding round for insurtech Digital Risks
The funding has been raised to develop the insurtech’s technology and drive its expansion
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FeaturesReal-time data set to inform menuisation-based products, but can this deliver premium savings?
The use of real-time data and the potential menuisation of insurance premiums is on the horizon, however is this an industry asset or a gimmick?
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NewsNIG to provide capacity for McNamee’s digital MGA C-Quence
It hopes to make it easier for brokers to deliver sophisticated commercial insurance quickly and at lower costs
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NewsInsurance data sharing exposes ‘fundamental tension’ in customer expectation
Customers want fairer pricing, yet are reluctant to share their pwersonal data to acheieve this, study found
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NewsEvolving risks for UK schools present key broker opportunities - Ecclesiastical
Cyber remains a key concern
