A smart home revolution is sweeping the nation, according to digital home insurer Policy Expert1, which has found that the number of households with a connected home device increased by 5% from 71% in October 2018 to 76% in May 2019. This is equivalent to an extra 1.36 million households2 purchasing a smart home device in the last eight months – more than the total number of households in Birmingham3. The average spend on smart home devices is £... more
- 15.07.2019 01:53 pm
New research reveals that companies who take their insurers to court or public arbitration over non-payment of a claim only win in around one in three cases. The findings are from Mactavish, the UK’s leading expert on commercial insurance governance and disputes, which reviewed every UK court case or arbitration appeal relating to payments under primary business insurance policies (excluding consumer and reinsurance cases) between 2013 and 2019... more
- 14.05.2019 09:19 am
The Artesian Solutions Risk and Compliance Hub (ARCH), a SaaS solution enabling commercial teams and underwriters to carry out automated risk screening on prospective clients has been accepted onto PwC’s Scale | InsurTech Programme. The 11 week programme aims to support the world’s most exciting InsurTech scale-ups to expand and grow, bringing advanced innovation and disruption to a market that has been traditionally slow to keep ahead of... more
- 07.05.2019 01:48 pm
Insurance startup, Urban Jungle today announced a £2.5 million seed funding round with participation from a range of new and existing high profile Angel investors, including Rob Devey, ex CEO of Prudential UK, and Simon Rogerson, CEO of Octopus Group.
- 15.04.2019 10:40 am
Portabl, the insurtech startup designed for freelance, gig and self-employed workers around the world, has been picked by the Plug and Play innovation platform to join its Insurtech Batch of innovative companies. The accelerator identifies high-potential startups and supports their growth and success through introductions to mentors, potential business partners and investors. Portabl is designed to provide a new wave of insurance, benefits and... more
The Cologne-based business of Talanx AG, Ampega Asset Management, is using Murex’s flexible and open MX.3 platform for portfolio, order and risk management. With more than 130 billion euros under management, the company has implemented the platform MX.3 for a wide range of asset classes including fixed income, equity, funds, FX and derivatives for all business lines.
- 22.01.2019 11:54 am
XPS Pensions Group, the largest purely pension consulting and administration firm in the UK, has signed an agreement with financial technology business RiskFirst to continue to deliver fast, high-quality and transparent reporting and modelling to clients through PFaroe’s comprehensive suite of analytics.
Concirrus, the London-based InsurTech company leading the Marine and Motor Analytics market change, has raised £5 million in equity funding, bringing the total raised to £12 million. The raise was co-led by Cambridge-based deep tech venture capital firm IQ Capital and specialist InsurTech investor Eos Venture Partners.
- 12.09.2018 10:35 am
BMW Financial Services (GB) Ltd today announces a partnership with Wrisk that will see the insurtech startup become the sole supplier of BMW and MINI Car Insurance. The partnership follows Wrisk’s time in the first BMW Innovation Lab in 2017, which saw the team win on the final pitch day after developing the platform now being used by BMW.
- 01.08.2018 05:07 pm
SSP has partnered with Gibraltar-based MGA Pukka Insure, to provide brokers with access to its commercial vehicle offering. Designed for commercial vehicles based in the UK (excluding Northern Ireland) the product offers comprehensive cover for vans up to £50,000 in value, with flexible excess options to suit the customer. Cover is available for vans with various modifications such as signwriting or internal racking.
Bank and Insurance Innovators to Benefit from European Oracle Fintech Innovation Program with B-Hive Europe
- 02.07.2018 10:21 am
European Bank and Insurance Innovators to Benefit from Accelerated Monetization of Fintech Capabilities, Oracle and B-Hive Europe to collaborate on Fintech Innovation Program Oracle has chosen Brussels as a European gateway to roll out its Fintech Innovation Program to Europe. Oracle plans to dedicate additional European staff and resources to set up mutually monetizable relationships with fintechs and digital banking innovators. Oracle plans... more
- 25.06.2018 12:29 pm
collab Summit EMEA will hear from industry experts and the eight cutting-edge insurtech finalists. MetLife is highlighting innovation opportunities in the insurance industry at a dedicated summit as its collab 3.0 EMEA progarmme builds to a conclusion.
- 22.06.2018 08:20 am
Two out of three home and motor customers don’t know their insurer offers an app But apps within apps have ‘transformative potential’ for selling and managing policies Insurance customers are apathetic about using apps and the industry is missing out on the ‘transformative potential’ of digital solutions to selling and managing policies, insurance market experts Consumer Intelligence warn.
PR Agency One wins three way bid for UK's first reverse-auction online marketplace for personal finance
- 14.06.2018 11:09 am
Manchester based agency will handle consumer and trade PR for the disruptive brand Integrated launch campaign will target millennials and young drivers HONCHO, the UK’s first online reverse auction marketplace for personal finance, has appointed PR Agency Oneto handle its UK launch in autumn 2018.
- 14.06.2018 08:08 am
CUBE’s regulatory change management solution is one of just eight finalists, selected from 148 Insurtech innovators, from 32 countries around the world