News and insights on how big data is transforming insurance globally, with AI, automation, apps and more.
AIG Europe research found that a further surge in data breach and other security failure insurance claims is expected after the EU General Data Protection Regulations (GDPR) come into force this week. A record breaking year […]
Raf Sanchez, Beazley International Breach Response Service Manager, comments ahead of the introduction of GDPR on 25 May: “Regulators and individuals are on the cusp of acquiring enhanced tools to hold organisations to account for poor […]
Compliance is a very dull word – even duller than accountancy – but it gets interesting when any changes to the way insurers carry out day-to-day business fundamentally changes. Usually that means extra costs, retraining […]
Churn is one of those words which insurers and brokers alike dread. Basically come renewal time, many UK policyholders have a check on price comparison websites, use an app to search for cheaper car cover, […]
Sopra Steria has today announced a new application management contract with Co-op Insurance. The master service agreement (MSA) provides not just Co-op Insurance, but all members of the wider Co-op business, one of the world’s […]
GDPR comes in effect in a few weeks and one of the big questions for insurers and brokers alike will be how many customers will demand to see their data files? New findings from a […]
A few days ago, Lloyd’s, published a report called, “Sharing risks, sharing rewards: who should bear the risk in the sharing economy?”, analysing risk perceptions in a booming industry sector, which has seen the rise […]
Risk is a notoriously difficult thing to calculate accurately. As the insurance industry changes and Artificial Intelligence is used to assess consumers, businesses and nations, it will be interesting to see how much weight AI […]
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