Insurance Regulation

Automated Bias Checks Likely to Become Standard Across Insurance Industry

Pegasystems Inc., the software company empowering digital transformation at the world’s leading enterprises, has announced Ethical Bias Check, a new capability of Pega Customer Decision Hub™ that helps eliminate biases hidden in the artificial intelligence (AI) […]

Insurance Regulation

FCA Mulling Over AI Policy Writing, Loyalty Penalty at Renewal Time

The FCA has published an update on its key areas of interest as regards new rules and regulations, one of which is insurance renewals. Action is still likely on the `loyalty penalty’ issue, although nobody […]

Insurance Regulation

FCA Report on Insurance Pricing – Where is The Loyalty Bonus?

The FCA has today published the interim report of its market study into the pricing of home and motor insurance. The FCA found that competition is not working well for all consumers in these markets. It sets out […]

InsureTech

Pegasystems Reaction to FCA Partnership With Turing Institute, on AI FinTech

The FCA’s recent partnership with the Alan Turing Institute to examine the transparency and explainability of AI in the financial sector is an incredibly important and timely move, particularly for the insurance market. However, Tony Tarquini, […]

Opinion

Opinion: Lloyd’s Modernisation Process Needs to Address Three Key Issues

Tomorrow morning, Wednesday 1 May, John Neal, Chief Executive of Lloyd’s of London will outline plans to digitise and modernise processes. Ahead of the reveal Tony Tarquini, Director of Insurance, EMEA at Pegasystems, reveals three things […]