10/31/2023 11:19:55 AM UK home insurance prices set to jump after dire year for underwriters and claims By Mike Daly ‘Swings in weather, high inflation, and strained supply chains all combined to drive up home insurers’ losses last year. The sector...
10/27/2023 11:44:10 AM The dangers of ‘Static vs Continuously updating risk factors’ using car theft examples By Mike Daly A black Ford built between five and eight years ago and parked in Birmingham looks to top the list according to data from Tesco Insurance...
10/23/2023 12:40:03 PM Lloyd’s of London warns insurers climate-related pain is still to come By Mike Daly At a private event last month, one executive at the corporation that oversees the market told underwriters that it has not yet seen clear...
10/10/2023 7:00:06 PM Toyota Will Adopt Tesla-Style Cast Bodies That Might Be Impossible to Fix By Mike Daly 2023 and some insurers have declined to renew policies for electric vehicles (EV). The reason given is that they need more accurate data...
10/10/2023 4:31:30 PM Saints & Sinners - proving effective AI use cases in insurance By Mike Daly The sheer volume of hype about GenerativeAI, LLMs, ChatGPT for industry-wide transformation and smaller projects is overwhelming. Saints...
10/4/2023 11:20:10 AM Customer service is getting worse By Mike Daly I really enjoy reading the bestselling espionage novels by Alex Gerlis so his experience renewing his insurance caught my eye recently....
9/14/2023 11:39:35 AM UK car and home insurance complaints accelerate; is transformation working? By Mike Daly Growing discontent over premium prices and delayed payouts It's one thing to have to pay significant increases in auto premiums averaging...
8/22/2023 10:16:44 AM Enterprise ChatGPT, LLMs, and choosing the right use cases. By Mike Daly 40% of S&P 500 Companies gave AI prominence in earnings calls over the last quarter. "Less than one in six — 16% — mentioned it in...
8/4/2023 12:10:56 PM Mayhem, insurers and claims inflation By Mike Daly An Allstate advert shows a 'bear' raiding autos for the coolbox contents left inside and warns consumers to make sure their policies...
7/12/2023 3:25:23 PM Impact of BEV Adoption on the Repair and Insurance Sectors By Mike Daly Direct Line has been ordered to go back through five years of claims after admitting it had underpaid some car and van insurance...
7/6/2023 12:01:46 PM CoreTech, ClaimTech, and Ecosystems for innovative insurers By Mike Daly Krak des Chevaliers is an imposing castle dominating the countryside. The Knights Hospitaller rebuilt an existing fortification from 1140...
6/27/2023 8:32:36 AM Motor insurers endure worst underwriting conditions in a decade By Mike Daly When these stormy conditions hit insurers in all global regions it might be hard to think of longer-term strategic storms on the horizon....
5/30/2023 4:22:42 PM A New York lawyer is facing a court hearing of his own after his firm used AI tool ChatGPT for legal research. By Mike Daly Are you sure none of your people are using LLM and ChatGPT without any governance? The BBC reports of a US legal firm leveraging ChatGPT...
5/23/2023 9:19:54 AM It’s not just the equity market: insurance must be part of London’s competitiveness debate By Mike Daly A timely article by Ian Smith in the Financial Times yesterday. Transformation is reliant on far more than technology. In fact, that is...
4/20/2023 9:31:21 AM Ondo InsurTech partners with WNS to offer loss reduction guarantee for home insurers By Mike Daly Leakbot has been around for some time; I remember attending workshops with L&G GI (before its sale to Allianz and amalgamation with LV=)...
4/19/2023 9:39:12 AM Navigating AI usage in the insurance sector By Mike Daly I attended a really useful briefing by Procurato recently aimed at helping the C-Suite and LOB Managers navigate the tidal wave of...