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Insurance news in the UK

An overview of news, trends and research in the Insurance industry in the UK:

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European insurance companies struggle with operational challenges Insurance companies are struggling with operational challenges, as the market continues to encounter headwinds across the continent.
15 November 2023
Oliver Wyman launches UK actuarial practice Global consulting firm Oliver Wyman has established an actuarial practice in the UK. The new team will be led by Colin Forrest, who brings more than 20 years of actuarial experience to the firm.
18 August 2023
OAC joins Managing General Agents' Association Actuarial consultancy OAC has joined the Managing General Agents’ Association, as it looks to support insurers and managing general agents who require outsourced talent to help scale their operations
10 July 2023
Run-off insurance deals become less attractive in risky economy Despite an abundance of capital among investors, oversaturation and increased risk are seeing the ambitions of acquirers in the insurance space cool.
15 September 2022
Edinburgh’s Spaces For People roads increase personal injury claims The Covid-19 pandemic has shaken things up around the world – not least in terms of infrastructure, with governments trying to ensure that people stay safe in tough times.
28 February 2022
Only 18% of insurance organisations considered data masters While close to half of all insurance firms believe they are implementing data-driven product development and using it for risk insights, a new study has found less than one-fifth are actually ‘data-m
23 February 2022
Third of consumers not well-informed by insurers Insurance companies could be doing more to reach out to non-traditional demographics, according to a new study – especially when it comes to informing potential customers of their range of insurance
30 September 2021
Capita Consulting helps FSCS rapidly assess compensation claims Capita Consulting was tapped by the Financial Services Compensation Scheme to help it transcribe hundreds of thousands of audio files to review compensation eligibility among consumers.
10 May 2021
The benefits of working agile in the insurance industry The intense disruption of the pandemic has shown the many benefits of agile working when it comes to crisis management.
15 April 2021
Deloitte names Andy Masters as UK Head of Insurance The British wing of Big Four firm Deloitte has announced the appointment of its new insurance leader. Andy Masters succeeds Clive Buesnel, who has taken up a new role with wholesale broker Tysers.
09 December 2020
Half of UK financial services staff want shift to flexible working More than one-quarter of finance workers want to work from home full time once Covid-19 passes, while one-in-ten are looking to relocate following the pandemic.
04 November 2020
European FinTechs face 'existential threat' as funding dries up Despite years of hype declaring FinTech investment was set to experience some endless boom, the bubble looks set to burst amid the current recession.
12 October 2020
Extended Reality offers financial services huge opportunities The use of Extended Reality has the potential to disrupt the financial services industry, according to a new report by Synechron.
23 September 2020
What lies ahead for cloud adoption in financial services Cloud programmes across the financial services industry have seen significant acceleration in terms of adoption over the last few years.
15 September 2020
Capco joins Deloitte as a partner of InsurTech firm Instanda Insurance software provider Instanda has inked partnership agreements with two heavyweights in the consulting industry: Capco and Deloitte.
01 September 2020
How Covid-19 will shift priorities across the financial services industry Amid a health, societal and economic crisis, financial services will be looked to as a pillar of recovery by governments, organisations and individuals alike.
21 July 2020
Agria Pet Insurance hires Crossword for cybersecurity consultancy Agria Pet Insurance has selected a new trusted cyber-security partner to help it minimise its security risks, ensure continued compliance with latest regulations relevant to the insurance market.
11 June 2020
Strategic challenges of cloud adoption in financial services While the move to the cloud was already well underway in financial services, the outbreak of the covid-19 pandemic has accelerated the need for virtual organising, and in it slipstream cloud-based working.
28 May 2020
UK and US insurers could face Covid-19-related loss of up to $80 billion The financial impact of Covi-19 could see the insurance industry hit with losses of between $32 billion and $80 billion.
05 May 2020
Four ways how AI can benefit the financial services industry The advent of artificial intelligence (AI) is providing financial services institutions with major opportunities for improving their client offerings, operations and compliance.
02 April 2020
CGI and Admiral pen five-year rating services contract IT services and advisory firm CGI has landed another new contract in the first quarter of 2020, with the news it will provide services to insurance firm Admiral over the next five years.
20 March 2020
8 out of 10 businesses don't have cyber-attack insurance With the rise of cyber-crime now costing firms in the UK billions, many companies have sought to upgrade their defences against hostile outsiders.
28 February 2020
Mazars prizes AIG audit from grasp of Big Four One of the world’s largest insurers has lined up an accounting firm from beyond the professional services world’s Big Four.
26 February 2020
AI can boost financial services revenue by $140 billion Artificial intelligence brings lots of promises to the financial services industry, including a way to address the scarcity of workers who possess data analytics, cybersecurity, and AI skills.
10 January 2020
Financial services could unlock $700 billion by better serving women Financial services companies are costing themselves as much as $700 billion every year by failing to take adequate steps to better understand the needs of female clients.
27 November 2019
The growth of FinTech and RegTech in financial services The financial technology (FinTech) and regulatory technology landscapes (RegTech) are booming, on the back of the growing opportunities they are offering financial services institutions.
02 September 2019
Financial sector focuses on digitalisation over Brexit preparations The financial service sector in the UK continues to face tough market conditions, with Brexit uncertainty and regulatory change on the horizon.
05 August 2019
Synechron Data Science solution to tackle LIBOR benchmarking Synechron has launched a LIBOR accelerator which uses Data Science to address the challenges of financial sector benchmarking.
29 July 2019
London forfeits title of ‘global financial hub’ to New York London has lost its title as the world financial hub to New York, just a year after gaining it, according to a survey of financial sector professionals around the world.
28 May 2019
Four trends fuelling digital transformation in financial services Institutions in the financial services arena are spending billions on digital transformation programmes, but it doesn’t always turn out to be money well spent.
01 February 2019
Brexit and looming economic crisis hit financial services optimism The levels of optimism among the UK’s financial services sector remains at a worrying low, according to a new report co-authored by the country’s representative body for business interests.
21 January 2019
AutoRek's Consulting head on how tech can help overcome SFTR In the first quarter of 2020, Europe’s Securities Financing Transaction Regulation (SFTR) will come into effect.
17 January 2019

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