All Suppliers articles – Page 95
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AnalysisBriefing: Brokers call for clearer communications from ‘faceless’ FCA
Feedback from Insurance Times’ Broker CEO Forum shows a disconnect between the regulator and the broking sector, with many believing communications from the FCA around its pricing reform fall short
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NewsInsurtech launches digital solution to overhaul underwriting processes for brokers and MGAs
This marks the insurtech’s ’biggest foray into insurance technologies yet’, as it aims to solve the problem of digital underwriting not being able to work across multiple lines
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Sponsored ContentThe cloud has a silver ‘security’ lining – Open GI
Open GI’s chief information officer Giles Baxter explains why brokers should move to cloud-based solutions, as cyber security risks get ever more sophisticated
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NewsInsurers to increase technology spend post-Covid – BlackRock
Head of BlackRock’s financial institutions group for EMEA says a comprehensive and transparent view of dynamic portfolio risk is a ’necessity’ for insurers
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NewsSix out of 10 SMEs rely on credit to pay for insurance – Premium Credit
The role of brokers to support businesses has ‘never been more critical’, says chief sales officer
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NewsMajority of insurers believe climate risk will impact investment portfolio – BlackRock
Environmental risk is now considered a serious threat for insurers
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FeaturesBrokers and LEI providers must ‘bridge the access to justice gap’ for personal injury claimants
Poor usability of the OIC portal and solicitors’ cherry-picking cases has left claimants in a vicious circle
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NewsInsurtech to help brokers and insurers navigate flood risk amid partnership extension
The insurtech aims to make best in class data sets easily available
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NewsAviva calls on government to make Online Safety Bill inclusive of spoofing scams
FCA data reported that £78m was stolen by clone firm investment scams between January and December 2020
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FeaturesInsurtech scale up aims to crack commercial lines
The insurtech is scaling up following the launch of its no code solution last month
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NewsChallenging cyber insurance market in 2022 will force major insurer withdrawal - report
‘Bottom line, insurers have been collecting small premiums while facing near infinite risks’, says senior analyst
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NewsFSCS forecasts £900m levy amid postponed retail pool
Postponing the retail pool gave FSCS time to gain ’better understanding of failures for the current financial year’ chief executive Caroline Rainbird says
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NewsNicky Morgan joins ABI replacing Jon Dye
The trade association has has also made two further appointments
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News AnalysisInsurer relief as court judgement ends massive claims threat
Consumers will now have to show that they have personally suffered damage or distress
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NewsUK insurance staff waste eight hours each week trying to understand data – Abbyy
Artificial intelligence skills could help empower staff
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NewsManchester-based insurtech broker eyes deals after £9m investment
The money will fund the group’s latest deal while accelerating its M&A strategy
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NewsGovernment’s post-Brexit financial services regulation proposals could see insurance sector ‘flourish’
The consultation on the future regulatory framework will close on 9 February next year
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NewsTrade bodies band together to create standardised product governance assessment form
Without cross-market guidance, the new rules had the potential to ‘snowball into an unmanageable administrative burden’ for insurance market participants, says LMA head of regulatory affairs
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AnalysisParametric products will have role to play in closing protection gaps
Broker and insurer collaboration will be vital to create parametric ‘products that will meet the challenges of new risks and rising demand’
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Sponsored ContentUsing natural language processing to boost underwriters’ productivity – Re:infer
Communications work has become a real burden in underwriting, but insurers can automate a great deal of it with natural language processing, according to Ed Challis, chief executive of Re:infer
