Articles by Damisola Sulaiman
AI insurtechs dominate Q3 funding
Artificial intelligence-centred insurtechs dominated funding in the third quarter of 2024, securing $897.4m (£691.2m) across 29 deals, according to Gallagher Re.
Esure transformation leads to layoffs for long-serving staff
Esure cut jobs of long-serving, frontline colleagues during its transformation programme due to digital efficiencies resulting in customer behaviour changes.
RSA fraud chief spotlights growing commercial fraud threat
Adele Sumner, head of counter fraud and financial crime at RSA, has called for increased awareness on the growing threat of commercial insurance fraud.
Esure claims head tells insurers to ‘set the tone’ for supply chain ESG
Esure chief claims officer Anton Ossip has called for insurers to “set the tone” for suppliers trying to improve their environmental, social, and governance credentials.
More climate protestors arrested after climbing Walkie Talkie
Three Extinction Rebellion protestors climbed the Walkie Talkie building yesterday (30 October) as part of the Insure Our Survival week of action.
Six Extinction Rebellion protestors arrested for defacing WTW building
Six Extinction Rebellion protestors were arrested yesterday (29 October) after defacing the WTW building at 51 Lime Street.
Extinction Rebellion leaks insurance CEO contact details
Extinction Rebellion has shared the contact details of insurance CEOs and senior-level executives with protestors as part of its Insure Our Survival week of action.
Climate activists launch week of action at Walkie Talkie building
Extinction Rebellion has targeted the Walkie Talkie building today (28 October) to kick off its Insure Our Survival week of action.
FCA uncovers extent of sexual harassment in insurance
The Financial Conduct Authority has found that London market intermediaries had the highest relative proportion of reported incidents of sexual harassment compared with other surveyed sectors.
LMA calls for underwriter training to address ‘silent’ transition
The Lloyd’s Market Association has recommended that underwriters go through transition training to understand client’s transition pathways and avoid “silent” transition risks.
Storm damage behind one in five of Aviva’s home claims
Aviva has revealed that 19% of all UK home claims between 2020 and 2024 were related to storm damage.
PRA chief admits losing Solvency UK ‘row’ with MPs
Sam Woods, CEO of the Prudential Regulation Authority, has admitted the regulator lost the “spectacular row” it had with the Conservative government over the Solvency UK reforms.
Axis cuts application processing time by 97% using AI
Axis has reduced its insurance application processing time from an average of 30 minutes to 60 seconds using Sixfold’s artificial intelligence underwriting solution.
Q&A: Caroline Bedford, Edii
Caroline Bedford, founder and CEO of Edii, shares insights on the insurance industry's evolving approach to innovation and technology adoption, the impact of generative artificial intelligence, and her firm's efforts to foster diversity and inclusion.
Extinction Rebellion issues fossil fuel ultimatum to 52 insurance firms
Extinction Rebellion has given insurers 14 days to announce they will no longer be insuring new fossil fuel projects.
Lloyd’s risk code offers ‘breathing space’ for transition support
Lloyd’s transition TCX class offers syndicates “breathing space” for supporting the energy transition, according to class underwriter for onshore energy at Chaucer Alex Nelson.
First black Lloyd’s broker champions diversity lectures
Lloyd’s of London’s first Black broker David Flint said the Inclusive Futures Flint Lectures provide ethnic minorities with the means to survive at Lloyd’s.
Broker stress reaches five-year high
Broker stress has risen to the highest level since 2019, according to research from Ecclesiastical.
Palestine Action group targets 10 Allianz offices
Protest group Palestine Action has targeted 10 Allianz offices across the country over the firm’s investment and insurance for Israel’s weapons manufacturer, Elbit Systems.
Lloyd’s Lab sets up insurtech investor panel
Lloyd’s Lab has set up an investor panel aimed at offering expertise and advice on the financial landscape and fundraising initiatives for insurtechs on its accelerator programme.
FCA claims Gap action will save consumers £70m
The Financial Conduct Authority has said consumers will save around £70m due to improvements firms must make to guaranteed asset protection insurance products.
Lamppost liar loses £600K claim
HF and Hastings Direct have successfully contested a £600,000 claim based on conflicting passenger references and no evidence of vehicle damage.
Big Interview: Sten Saar, Zego
Sten Saar, co-founder and CEO of Zego, speaks to Damisola Sulaiman about the challenges of building an insurtech in an evolving landscape, the lessons he learned entering the complex world of insurance as an outsider, plus his plans for growing the…
Zego CEO outlines plan to become household name in motor
Zego CEO Sten Saar plans to focus on UK consumer and telematics for the next phase of the insurtech’s growth.