Artificial intelligence (AI)
Ardonagh Advisory buys firm; NBS x Hiscox; Tokio Marine’s head of compliance
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
AI could lower the bar for start-up insurtech founder expertise
Artificial intelligence could enable more insurtech start-up activity from founders with insurance backgrounds, as opposed to tech expertise.
Little less conversation and a lot more insurtech action please
Editor’s View: The Labour government’s insurtech ambition would be laughable if it wasn’t so delusional, argues Emma Ann Hughes.
Gallagher targeted senior staff with mock deepfake fraud impersonating CEO
Gallagher recently carried out an internal simulated test whereby its IT department targeted staff with an $10m (£7.7m) attempted deepfake fraud, the CEO of its reinsurance brokerage has revealed.
Insurers struggle to move AI from testing to deployment
Roots has found that while 70% of insurance executives are actively testing or exploring AI solutions, fewer than 22% have advanced to full production.
ManyPets expects to post profit after £33m loss
ManyPets expects to post a profit for the last few months after making a £33m loss in the year to 31 March 2024.
Esure CEO insists takeover talk isn’t distracting
David McMillan, CEO of Esure, has said market speculation about the business being up for sale has not distracted him or the provider’s staff.
Zego posts two profitable quarters
Zego has achieved two consecutive quarters of profitability after posting a £34.5m loss in 2023, Insurance Post can reveal.
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Big Interview: Jimmy Williams, Urban Jungle
Urban Jungle CEO and co-founder Jimmy Williams talks Insurance Post through the insurtech’s growth plans, ability to fundraise in a challenging environment and venture capital-enabled technology advances.
Why claims are the true test of an MGA
As the MGA sector continues to evolve, Michael Keating, CEO of the Managing General Agents’ Association, argues claims excellence must be a strategic priority and technology embraced for efficiency, service improvements and complementing the human touch.
Professional indemnity insurers unable to price for genAI exposure
While claims seem inevitable, professional indemnity insurers are currently bearing an unpriced exposure to the use of generative artificial intelligence, RSA’s UK head of PI has told Insurance Post.
Access deal; Clearspeed’s work with 1st Central; Lockton’s risk lead
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
21 businesses vie for a place in latest cohort for Lloyd’s Lab
The Lloyd’s Lab held a pitch day for its 14th cohort earlier this week, with 21 businesses vying for a spot in the 10-week accelerator programme.
Aviva aims to double regional PL broker GWP
Jonathan Santer, managing director of broker and affinity at Aviva, has said he wants to double the firm’s regional gross written premium in personal lines over the next 18 months.
Guidewire buys pricing software provider Quantee
Guidewire has bought insurance pricing software provider Quantee, after insurers asked the platform provider “to solve the problem in a cohesive and seamlessly integrated way”.
Q&A: Sivan Iram, Flow Specialty
Sivan Iram, CEO and co-founder of Flow Specialty, shares with insurance Post the reasoning behind launching an artificial intelligence broker agent, as well as how the firm retains its quality.
Spring Statement 2025: What insurers should know
Chancellor Rachel Reeves delivered her 2025 Spring Statement today (26 March) with a mix of spending cuts, investment pledges, and economic forecasts.
British Insurance Technology Awards is open for entries
The prestigious British Insurance Technology Awards are now open for entries.
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Big Interview: Paul Lofkin, Crawford
Paul Lofkin, president of Crawford for UK & Ireland, is going to sort out the nation’s subsidence and promises to “disrupt that market like never before”.
Zurich’s Clayton says let tech guide your fraud teams
Zurich’s head of fraud Scott Clayton has urged the industry to keep counter fraud a “people business”, but to allow technology to act as a guide.
Smarter bordereaux management for a new era of delegated authority
A recent webinar hosted by Insurance Post in association with Charles Taylor InsureTech brought together industry experts to explore the evolving landscape of bordereaux management and its role in the digital transformation of delegated authority. Here…
Diary of an Insurer: Avantia Group’s Mark Eastham
For Mark Eastham, CEO of Avantia Group, no day is ever the same as it’s a juggle of risk pricing, claims, customer experience and artificial intelligence innovation as well as getting on his bike.
Zego CEO predicts fully autonomous motoring ‘within 40 years’
Sten Saar, CEO of Zego, has said a “fully autonomous world is coming”, and that it will be here in 40 years as a “worst-case scenario”.