News – Page 9
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Sony unit backs Urban Jungle as it raises £11.2m
’This funding is a testament to the hard work of the team,’ says chief executive
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HugHub enters administration following funding problems
’In the absence of any further investment, the board of directors formed the view that the company was or was about to become insolvent,’ says filing
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HugHub chief executive retires
’While I am stepping away from the full-time executive arena, I remain passionate about the general insurance industry and technology,’ says top boss
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Fleet specialist inks deal to expand commercial risks coverage
The deal ’will give us the ease of data flow between systems and the ability to grow our market coverage at scale’, says general manager
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PeppercornAI raises more than £3m to develop AI platform
’Technology, specifically AI, has the potential to completely change the way consumers buy and manage their insurance policies,’ says chief executive
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‘More clarity’ needed from regulators over AI
’Companies are willing to put investment in again and there are exciting developments on the horizon for AI,’ says deputy chief executive
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More than 100 insurance startups actively deploying AI
’Industry leaders and stakeholders can leverage this innovation intelligence strategically,’ says practice head
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FCA to explore big tech opportunities for insurance industry
’Big tech’s growing emergence in financial services has already made life easier for consumers,’ says chief executive
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More UK claims handlers ‘increasingly frustrated’ by delays and communication
’Handlers are becoming increasingly frustrated by challenges around delays and customer communication,’ says chief executive
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Regsearch plots UK launch following AI partnership
’Our goal was to build a mainstream regulatory compliance solution that millions of people could use,’ says founder and chief executive
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Ondo increases LeakBot deployments in UK
’We expect the out turn for the year to be in line with market expectations,’ says chief executive
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Percayso inks deal to distribute more credit data to insurance firms
The partnership will ’further strengthen our proposition to the market and ensure that our clients can gain competitive advantage’, says managing director
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Organisational barriers hampering insurance customer service – Capgemini
‘Embracing AI-driven insights and automation is crucial for the industry to drive a competitive path towards underwriting profitability that adapts to evolving risk dynamics,’ says global leader
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Backchat: Being named in inspirational women list a ‘profound honour’
’This accolade is a reminder of the impact that committed individuals can have,’ says chief executive
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New commercial broker software platform set to be unveiled at Biba
’Our platform not only alleviates the administrative burden on brokers, but also improves the underwriting process,’ says chief commercial officer
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Broker launches environment friendly van cover
’Adding van insurance is another major step forward,’ says chief executive
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Backchat: April 2024
A Formula One debut, a female insurtech chief executive gets recognition, claims inspired poets and insurtech partnerships – what has the insurance industry been up to of late? You heard it here first…
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Embedded insurance a ’huge opportunity’
Insurance firms ’have the opportunity to make material market improvements over the coming years’, says managing director
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Insurers still looking at data in ‘monolithic way’
’If you have data science in your business and start to get under the skin of that, you can make big changes to your underwriting result,’ says chief executive
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