InsureTech

DDOS Attacks: Comment & Analysis From NetScout

Yesterday (31st August 2022), the global insurance giant Gallagher revealed that UK councils have been on the receiving end of over 2.3 million cyber attacks so far this year. A freedom of information (FOI) request […]

News

ACSO Feedback on the Latest ABI Insurance Fraud Stats

Some feedback on those ABI stats on insurance fraud; Commenting on the publication of the ABI’s fraud report, Matthew Maxwell Scott, executive director of ACSO, said: “It’s great to see a further drop in fraud, […]

Opinion

Every Company Can Become an Insurtech, Here’s Why

One of the world’s largest online API events – APIX – was recently organised and hosted by connectivity and integration expert, Sensedia. Run over three days, APIX attracted some of the world’s leading tech specialists […]

Opinion

Some Thoughts on the FCA Consumer Duty Rules

New Consumer Duty rules are on the way from the FCA. Manoj Pant, senior director and EMEA Insurance industry principal at Pegasystems offers some comments on how insurers will respond to enacting significant improvements to […]

Opinion

CRIF Comment on Increased Fraud Risk

Sara Costantini, Managing Director, CRIF Decision Solutions UK & Ireland, offers some comment on the recent IFB research looking at increasing insurance fraud during the coming recession:  “It’s clear there is a direct correlation between […]

Legal

ADR Mediation: Reaction to Govt. Dispute Resolution Proposals

Some reaction to the recent announcement on compulsory mediation on claims and disputes under £10,000. Matthew Maxwell Scott, executive director of ACSO, commented: “We’ve long argued that every model of dispute resolution needs to be explored […]

Conference report

BIBA Welcomes Financial Service Bill

The Financial Services and Markets Bill, which was published yesterday, has been welcomed by the British Insurance Brokers’ Association (BIBA) but the trade association has called for assurances over the Financial Conduct Authority’s (FCA) consideration of the growth […]

Insurance Regulation

Bank of England CBES: Industry Comment

Some industry comment on the recent BOE CBES statement, which can be found here. ABI Charlotte Clark, ABI Director of Regulation said: “We welcome the publication of the Bank of England’s results from its flagship Climate Biennial […]