InsureTech

Greater Than Wins TU Automotive Award

Greater Than is proud to announce being shortlisted for the 2020 TU-Automotive Award for Automotive Insurance Product/Service of the Year. Greater Than, the Swedish Insurtech company, is proud to announce that the company has been […]

InsureTech

Akur8 Raises 8m Euros, Looks to Expand its AI Pricing Product Reach

Everyone in the UK insurtech sector knows that the race for finding a truly automated insurance pricing platform, that also automates compliance in local markets, is the F1 of the industry. To quote in real […]

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 […]

Technology

Tech: Avantia Updates HomeProtect Retail Pricing Model

Avantia, the technology-enabled insurer behind HomeProtect, today announces a major update to its retail pricing model: employing Bayesian optimisation as an alternative to traditional A/B testing.  The pioneering new approach uses machine learning to more quickly identify the […]

Insurance Regulation

FCA Reaction to Loyalty Penalty Super Complaint

Christopher Woolard, Executive Director of Strategy and Competition at the FCA, commented: “Before the CMA published its supercomplaint response last year, we had already begun work in the mortgages, cash savings and general insurance markets. […]

Opinion

Opinion: FCA Business Plan Will Prompt Big Changes in GI Market

What does the FCA’s new Business Plan mean for GI? In this Opinion piece, Mark McDonald, Consultant at Altus, looks at the possible directions that general insurance is going to take, given the criticism of pricing […]

insurance marketing

Consumer Intelligence Survey Suggests Remedies for Higher Renewal Pricing

Charging new customers less than existing customers is exploitative and hurts vulnerable groups such as the elderly but drivers and homeowners are still split on the issue, new consumer research from insurance market experts Consumer […]