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 […]
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 […]
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 […]
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. […]
You can learn a great deal over a brew and a chocolate digestive, as Insurance Edge Editor Alastair found out when meeting Ben Potts, MD of Novidea at the BIBA show recently; IE: Ben, almost […]
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 […]
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 […]
Genasys Technologies has launched its newest product configuration tool to the UK insurance market. BUILD gives brokers, MGAs, insurers and start-up insurance businesses the power to define insurance products, claims and rating in one place […]
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