News – Page 6
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High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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PPL improves service during half-year renewals
’We can now turn our attention, as we had hoped to do all along, to building out a wider ecosystem of trading tools,’’ says chief operating officer
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Cytora inks deal to help insurers with commercial property risk assessment
’This integration will enable insurers to perform more accurate risk evaluations,’ says chief operations officer
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Broker network secures new member
’We’re delighted to be supporting Brokerbiity members and their clients with our groundbreaking technology,’ says sales director
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Lemonade expands Aviva partnership with new UK offering
’The UK has proven to be an exciting market for us with a large digitally-savvy population who appreciate an easy, personalised experience,’ says chief executive
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Aviva refuses to be complacent on eTrading service following record report result
The insurer believes that its eTrading evolution is ‘not a one and done’ project, which is why it boasts the highest five star score from broker partner research for the sixth consecutive year
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Aviva enhances broker service as exposure management capabilities expanded
’The use of new technology has transformed our exposure management capabilities,’ says chief underwriting officer
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Insurtech bosses respond to closure of Girls in Tech
’Trying to get women into tech and recruit senior women is only possible if there’s younger girls coming in,’ says chief executive
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ABI and Insurtech UK agree MoU to ‘connect the dots’ between ‘best of technology’
‘Innovation and harnessing the best of technology is crucial to maintaining our sector’s competitive edge,’ says director general
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Industry has ‘optimistic’ timelines for AI implementation – Oxbow Partners
There is still ’an enormous amount of work to do’ around introducing generative AI, says group chief underwriting officer
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Ripe appoints new head of M&A
’This appointment reflects the importance of M&A in our future expansion plans,’ says chief executive
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Revealed: Tech and Innovation Awards finalists 2024
The finalist shortlist for Insurance Times’ Tech and Innovation Awards 2024 is in, have you made the cut?
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Generative AI not a ‘black box’ solution – First Central
’It can do something as simple as algorithmic [underwriting], but it doesn’t reduce that complexity of risks,’ says data analytics lead
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Insurers unprepared to embrace generative AI – Oxbow Partners
’We believe executives should think big, even if they are not ready to make the leap,’ says partner
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RightIndem names new chief strategy officer
’It’s a well-deserved achievement,’ says chief executive
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Acini inks embedded cycling insurance partnership
’By embedding insurance into bicycle purchases, there’s an opportunity to promote safety among cyclists,’ says co–founder
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AI can streamline insurance broker workflows – Ignite
AI ’requires some creative thinking and, more importantly, some practical application to make it useful,’ says managing director
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AI supplemented underwriters set to replace traditional counterparts
’The focus of the debate on whether AI will replace underwriters should shift toward adapting with AI, instead of fearing job displacement,’ says project manager
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Supercede completes $15m funding round to further develop platform
’We are not just building a company – we are shaping the future of reinsurance,’ says chief executive
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Insurtech enters trade credit market with policy launch
’We’re looking forward to working closely alongside both new and existing broker partners to discover opportunities to expand the market,’ says chief underwriting officer