Insurance Regulation

Regulatory: ABI Advice on Housing Materials Accepted by Govt Committee

A report out today from the Housing, Communities and Local Government Committee has adopted an Association of British Insurers (ABI) recommendation to help increase the safe use of modern methods of construction (MMC) through the development of […]

InsureTech

Is Insurtech Progress Being Slowed By Legacy IT Systems? Oh Hell Yeah

MarkLogic Corporation, the next generation data platform provider for simplifying data integration, today released a report revealing that complex legacy IT systems and inefficient processes are slowing the efforts of insurers to digitally transform and achieve […]

Insurance & Reinsurance

TT Club Results – Doing a Bit Better Than That Woodford Bloke

TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2018, and A.M. Best affirms its A- (Excellent) rating Highlights: ·         $195.0 million gross earned premiums […]

Life/Health/Critical illness

Ernst & Young Survey Reveals Life Insurance Market Ready for Revolution

There are big opportunities for life insurance providers to harness new technologies and data and analytic capabilities to improve the engagement with its customers and help engender trust, according to a new report by EY. The […]

News

Industry Insights: 42% of Income Protection Consumers Choose Fully Comp

Comprehensive cover was the leading consumer choice in the UK in 2018, accounting for 42% of income protection purchases, according to GlobalData, a leading data and analytics company. The company’s latest report: ‘How Customers Purchase […]

Global insurance trends

Global News: Marsh Report Suggests Commercial Rates Are On The Up

Marsh has released its Global Insurance Market Index for the first quarter of 2019. Key findings include: ·         Average commercial insurance prices increased 3% in Q1 2019, the largest increase since the survey began in 2012. ·         Q1 2019 represents […]

Global insurance trends

Insurtech Investment Still Booming, Says Willis Towers Watson Report

InsurTech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during the first three months of 2019, according […]

UK Insurance Trends

Aviva In Strong UK Market Position, Says GlobalData

Following last week’s release of Aviva’s preliminary results for 12 months ended 31 December 2018, Ben Carey-Evans, Insurance Analyst at GlobalData, offers his view: “Aviva’s 2018 preliminary financial report indicates that its UK business performed […]