Cutting-edge digital mortgage adviser HOOCHT. has added home insurance to its AI-powered services, becoming the first financial services provider to join forces with insurtech disruptor Homelyfe. Like HOOCHT., digital insurance provider Homelyfe is a fintech […]
The culmination of several years development and with support from motor insurance providers across the UK, LexisNexis Risk Solutions, the leading data and analytics provider for the insurance industry, has launched Attract™ for Motor, the […]
Brian Martin, Regional Director of Spitch UK and Ireland, emailed this response to the Accenture report on InsurTech investment. It’s promising to see the insurance industry embracing technology on such a huge level, but there’s […]
The widespread implementation of Artificial Intelligence (AI) applications brings many advantages for businesses such as increased efficiencies, fewer repetitive tasks and better customer experiences. However, in the wrong hands, the potential threats could easily counterbalance […]
The battle against fraud never stops for the UK insurance industry, with our increasingly digital economy offering new ways for fraudsters to obtain cover using false details, make bogus claims or generate fake policy documents. […]
Machine learning, algorithms, or AI – you can call it whatever you like but there is no denying that insurance is being transformed by software; quotes, risk modelling, fraud detection, pricing against competitor, the list […]
BAE Systems has won a new contract with Hastings Direct, a fast growing general insurance provider to the UK market. The deal will see BAE Systems deploy its fraud detection solution NetReveal to help the […]
Insurance fraud is big business. Last year, some 125,000 claims were detected in the UK, worth £1.3 billion, according to research by the Association of British Insurers. But could a new generation of AI (Artificial […]
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