Insurance news in the UK | Page 3

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

Elixirr and Kaizen to aid financial institutions transaction reporting compliance Last year, almost two thirds of transactions reported by financial institutions were incorrect, resulting in fines from the Financial Conduct Authority (FCA), while firms were unaware of these inaccu
29 March 2018
EY looks to grow Midlands financial services headcount threefold Global professional services firm EY has announced plans to triple its financial services team in the Midlands by 2020.
14 March 2018
Insurance industry embracing social media but struggles with pace of change While insurance companies are strongly committed to using social media channels for branding and customer service, they are leaving potential untapped, according to a new study.
02 March 2018
Aon acquires Henderson Insurance Broking Group Aon has acquired Leeds-based Henderson Insurance Broking Group for an undisclosed sum.
21 December 2017
Insurance industry M&A sees decline in volume counterbalanced by mega-deals M&A activity in the insurance industry has slowed, although large deals aimed at consolidation have sprung up, boosting relative value.
18 December 2017
Synechron launches Accelerator Program for InsurTech solutions Months after launching accelerator programmes for Blockchain and Artificial Intelligence, Synechron has rolled out a similar programme for InsurTech solutions.
22 November 2017
The top five impacts of GDPR on the financial services industry Nathan Snyder, a partner at consulting firm Brickendon, reflects on the top five impacts of GDPR on the financial services industry.
21 November 2017
Insurance companies leverage opportunities offered by disruption Insurance companies are increasingly faced with internal and external disruptions, largely due to new technologies and business models arising.
02 November 2017
Insurance industry has much more on its plate than just Brexit From changing business models and cyber risk to change management, insurers need to look beyond Brexit to the wider challenges facing the industry, as traditional strategies are coming under increasi
31 October 2017
Regulation should not crush innovation in financial services sector The financial services sector should beware that regulation will not crush innovation, warns Tony Clark, managing director of Synechron in London.
25 October 2017
Delta Capita launches Big Data as a Service platform for financial services Delta Capita, a management and consulting firms for the financial services industry, has launched a new Big Data-as-a-Service Platform.
24 October 2017
Oliver Wyman and PwC named insurance consulting firms of the year Reactions Magazine, a global publication for the insurance and reinsurance trade industry, has named Oliver Wyman and PwC consulting firms of the year during its annual awards ceremony.
23 October 2017
Screen, KPMG and Front Consulting partner of Screen Markets In the second week of October 2017 a large conference for professionals in the financial services sector will take place in Amsterdam.
04 October 2017
BearingPoint launches partner programme for ABACUS product suite BearingPoint has launched an international partner programme for its suite of regulatory and risk technology solutions.
15 September 2017
FCA selects Cognizant as partner to transform technology portfolio The Financial Conduct Authority (FCA) has selected Cognizant to support with the enhancement of the efficiency, reliability and scalability of core IT applications.
17 August 2017
Health insurance costs continue to increase globally Private health insurance costs have increased above the rate of inflation, with cancer and diseases of the circulatory system blamed as the main cost drivers.
27 July 2017
Insurance experts launch new risk & compliance consultancy Experts from across the insurance industry have joined forces to launch a new risk and compliance consultancy.
24 July 2017
The five main impacts of 5AMLD regulation for financial institutions Matt Taylor, a Managing Director in the Risk and Compliance wing of Protiviti, reflects on the impact of the Fifth EU AML Directive (5AMLD) and provides tips how organisations can best prepare for th
27 June 2017
MiFID II also impacts investment firms outside of Europe Ricardo Cruz, Senior Consultant at Delta Capita, explores the effects MiFID II will have on the business landscape outside of Europe.
18 May 2017
Medical costs continue to spiral for insurance industry Medical insurers are once more seeing costs rise almost across the board, and while companies are planning a range of wellness and health initiatives for employees, these are unlikely to impact on
16 May 2017
Interest in FinTech services highest among younger tech savvy users The financial services industry has, since the financial crisis, found itself operating in a rapidly evolving environment.
24 April 2017
Strategic approach to mergers & acquisitions key for insurance industry Changes in the insurance industry, largely the result of digitalisation of key processes inside and outside the industry, is creating new incentives to engage with industry and cross industry experti
05 April 2017
Insurance industry to see profits eroded by InsurTechs and digital rivals The insurance industry is beginning to face the prospect of digital innovation affecting their business models.
22 March 2017
Insurer Alecta hires CGI to modernise its IT capabilities in five year contract Alecta, a Swedish insurance firm, has appointed CGI as its IT modernisation vendor. CGI will deliver a range of IT related services, for the five year contract valued at around €33 million.
28 February 2017
Insurance companies can leverage digital to improve customer loyalty Insurance companies find it difficult to interact with their customers, with few opportunities outside moments of cause.
20 December 2016
Marsh ramps up insurance footprint in UK with Bluefin acquisition Marsh has acquired Bluefin Insurance Group, creating one of the UK’s leading insurance brokers for mid-size and SME companies.
25 November 2016
5 factors that must be considered when relocating an operation Amid widespread uncertainty following Brexit, companies throughout the UK, in particular in the financial services sector, are considering moving some or all of their operations out of the UK.
24 November 2016
Aegon hires Atos to deliver its protection business processes Life insurance, pensions and asset management firm Aegon has hired Atos to deliver its protection business processes.
16 November 2016
Cognizant supports Standard Life with IT transformation programme In a bid to support the firm’s growth ambitions in its Investments, Pensions and Savings businesses, Standard Life recently launched a large scale IT transformation programme.
18 October 2016
Investors considering to invest in InsurTech should consider 4Ps Anyone considering investing in InsurTech needs to consider the four P’s of profitability, proximity, persistence and productivity, writes Matteo Carbone, a Principal at Bain & Company.
05 October 2016
Insurers keen to develop ERM systems to unlock business risk insights Enterprise risk management solutions within the insurance industry are on the increase, as their reactionary potential for dealing with risk events pays off.
04 October 2016
Top 10 technology forces that will shape financial services in 2020 Ciaran Kelly, partner at PwC in Ireland, analyses the findings of a report on the real-world implications of FinTech for financial services firms and the areas these firms should prioritise.
03 October 2016

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