Big questions for Big Tech and for Insurers/Brokers in 2021
Regulation and retention will determine whether Facebook, Google, Alibaba and their peers continue to clean up
Retention of key...
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State Farm to require DRP auto body shops to use CCC by April 1, 2021
Not quite an ecosystem but a step in the way.
CCC has worked with State Farm for more than 25 years and has worked with most of the repair...
Admiral to sell Confused.com to Zoopla in £508m deal
First GoCompare and now Confused.com sold.
Future, Britain’s biggest magazines publisher, swooped on price comparison site GoCompare...
Do virtual assessments have a role as an alternative to face-to-face assessments in quantum cases?
2020 has changed everything and clients, investigators, expert witnesses, health/property/vehicle and other professional experts together...
Are point solutions INCREASING complexity for insurers?
Insurers may look at their challenges as a shopping list of requirements and then seek each of the ingredients on the list. That’s fine...
Life insurer LV sells itself to Bain Capital for £530m
UK group demutualises as private equity funds take a growing interest in the sector
LV, one of the UK’s largest and oldest mutually owned...
Extreme weather causes surge in solar power insurance costs
Hailstorms, wildfires and tornadoes have caused underwriters to restrict terms for renewable project owners, according to industry...
Flipping the odds of transformation success in your favour
"Successful digital transformations are rare. But companies that get six factors right can flip the odds of success from 30% to 80%."
BCG...
Theatres hit by lack of Covid insurance as London’s West End reopens
Producers focus on smaller shows to mitigate the financial risk of cancellations
The curtain will go up across London’s West End this...
Detected Insurance Fraud - new data shows that every five minutes a fraudulent claim is discovered
107,000 fraudulent insurance claims worth £1.2 billion uncovered by insurers in 2019. That is a new scam uncovered every five minutes –...
U.S. P/C industry’s underwriting income falls by 86% in 9M 2020: AM Best
Analysis by ratings agency A.M Best finds that in the first nine months of 2020, the U.S. property / casualty insurance industry saw its...
Reputation is ‘hidden’ claims cost insurers must mitigate
A customer’s bad claims experience and the overall reputation of the insurer can have a correlating impact on claims costs, agreed expert...
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