Insurtech
Video Q&A: Travelers Insurance on the opportunities afforded brokers by the UK technology sector
Travelers Insurance’s Stuart Hawkins talks to Insurance Age about the coverages and issues brokers need to be aware of to manage clients in the technology sector.
Broker Week 2022: Evolving insurance business models
The industry’s business models are changing fast due to the relentless march of technology, new market routes, and modern distribution methods. But how can brokers keep ahead of the curve to keep current business models from becoming obsolete? Tim…
Insurance set for boom in machine learning, Bank of England survey finds
Insurance is growing its adoption of machine learning applications faster than any other financial sector, a Bank of England survey has found.
People Moves: 3-7 October 2022
Follow the latest personnel changes in the insurance industry.
UK Broker Awards 2022: Young Broker of the Year
George Abbott has gone from a telematics broker with no insurance experience to an integral member of a start-up that has grown to £10m of gross written premium since its 2015 formation
UK Broker Awards 2022: Digital Broker Award
On course to secure 100,000 live policyholders by the end of 2022, motor brokerage Yoga Insure, which only launched in late 2019, is already being touted by our judges as the next Direct Line
UK Broker Awards 2022: Broker Start-Up of the Year
A start-up for start-ups, Capsule expects to grow exponentially by 2025. Its innovative model made Capsule the clear winner for our judges. The company launched last year after identifying a compelling opportunity to provide insurance that keeps pace…
Stubben Edge buys finance platform Finpoint
UK-based insurtech Stubben Edge has acquired credit broker Finpoint for an undisclosed sum.
Aviva still has fizz in broker personal lines friendships after Lemonade deal, says Hemming
Aviva is “absolutely open for personal lines business”, according to Gareth Hemming, managing director of UKGI distribution & SME.
Ex First Central UK CEO Andy James launches motor provider Zixty
Andy James, previously UK CEO at First Central, has launched app-based motor insurance provider Zixty.
Aviva backs Lemonade in UK launch
US insurtech Lemonade has launched in the UK with a contents insurance offering in partnership with Aviva.
Mulsanne and Complete Cover parent slips to 2021 loss
Gibraltar-based motor insurer Mulsanne Insurance more than doubled its gross written premium to £119m in 2021 from £54.8m in 2020.
Zego doubling down on growth with 40 brokers
Zego is pursuing a route of working with brokers who “see how the future is evolving” rather than a working “with any broker” approach, CEO Sten Saar told Insurance Age.
Ex-Hiscox UK CEO Thaker joins Abacai as Complete Cover CEO
Bob Thaker, the former UK CEO of Hiscox, has taken over as CEO of insurtech Abacai’s broking business Complete Cover Group, Insurance Age can reveal.
In Depth: Underinsurance - data, analytics and trading
Sam Barrett explores how new technology is helping to prevent underinsurance and boost trading
Mistry warns brokers over cost of living crisis as he launches new agency
Ajay Mistry, a board member at the Society of Insurance Broking, has told Insurance Age that brokers need to look after their staff during the cost of living crisis.
Zego partners with QBE
Zego has partnered with QBE to expand its fleet insurance offerings.
Urban Jungle expands into motor insurance
Insurtech Urban Jungle has launched its new car insurance service which offers both home and car cover.
Policy Expert targets doubling within five years, says CEO Steve Hardy
Policy Expert is aiming to double its one million customer count through further organic growth, adding new lines and potentially international expansion and acquisitions in the next five years, according to CEO Steve Hardy.
Romero sells Booking Protect to Cover Genius
Romero Group has sold its global refund protection specialist Booking Protect to Cover Genius, the insurtech for embedded insurance.
Insurtech MGAs – alive and kicking
Insurtech MGAs are winning over brokers and even though it may be a case of ‘horses for courses’ the arrival of a range of new providers, including within commercial lines, is creating welcome competition. Rachel Gordon learns more.
Experts warn clients will look elsewhere if brokers ignore parametric insurance
Specialists have highlighted the benefits to brokers of delivering parametric insurance to their clients and warned they will lose out if they do not engage with the fast-expanding offering that is becoming more mainstream.
In Depth: Insurtechs – brokers beware before before entering this sector
Does the insurtech sector offer brokers a land of opportunity or is it more about style over substance? Rachel Gordon reports.
Ripe grows turnover in 2021 with profits stable
Ripe Thinking has reported a 24% rise in turnover to £23.27m for 2021.