Artificial Intelligence

TrueMotion and Inrix Team Up on Advanced Telematics Project

In 2016 alone, there were over 36,000 driving-related fatalities in the USA, the highest number in eight years. These increases are attributable to distracted driving, more cars on the road, and an increase of vehicle […]

Business

ECIC Warning on Carillion Debts to Smaller Suppliers

ECIC, the specialist insurer for the mid-size construction and associated trades is warning regional brokers that many of their customers could be facing financial difficulties and possibly failure as part of the fall-out from the […]

Big Data

DotLabel Update SSP Software for Insurance Clients

Software is fairly dull topic, but let’s not forget that it can help make your business lots of money. Customers who get frustrated by difficult menu tabs, annoying pop-ups or hard-to-locate Contact Us buttons, can […]

No Picture
Insurance & Reinsurance

My top five headaches for the UK insurance industry

FOR THOSE RUNNING brokers and insurance companies in the UK non-life market, 2012 promises to be a challenging year with reputation topping my list of worries for the industry.

Issues ranging from closure of a £500m tax loophole to how major property exposures can be managed once a decades-old pact to insure buildings at risk of flooding comes to an end; these and more will all vie for directors’ attention alongside the day to day running of businesses typically located at the grudge purchase end of the high street.

With concerns both legislative and market-driven requiring considerable thought, here’s my top five insurance industry headscratchers. […]