Big Data

FICO Launch Cyber Security Risk Modelling Tools for Underwriters

Silicon Valley analytics firm FICO today announced that the FICO® Enterprise Security Score is the first cyber security rating to include powerful risk assessment and modelling capabilities to help insurers make better underwriting, pricing and portfolio decisions, and […]

Opinion

Opinion: Is GDPR Set To Be The Next PPI?

We regularly publish Opinion pieces at Insurance-Edge, and this latest article looks at the potential claims which may arise from the implementation of GDPR. The complex rules on data handling place the responsibility of looking […]

Artificial Intelligence

SmilePass Offers Biometric Checking Service for Insurance Sector

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. […]

Artificial Intelligence

Go Compare Launches Machine Learning Project at AI Congress London

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 […]

Emerging Risk

Cyber Attacks in Finance and Insurance Sector Rise by 80%

The number of cyber-attacks against financial services companies reported to the Financial Conduct Authority (FCA) has risen by more than 80 per cent in the last year. In 2017, 69 material cyber incidents were reported […]

Big Data

LexisNexis Survey Highlights the Value of Data to Insurance Sector

Data is everywhere today and Artificial Intelligence is changing the way that data is being used to calculate risk, detect fraud and speed up the claims process. Here’s some insight into how valuable data is […]