Insurance news in the UK | Page 3

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

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
Auto insurance industry and InsurTechs can learn from telematics in Italy Matteo Carbone, Principal at Bain & Company in Italy, reflects on how InsurTechs can learn from the experiences the Italian auto insurance industry has gained from its use of telematics.
22 September 2016
Ensur named implementation partner of Keylane in Belgium Ensur, a project management and consultancy firm based in Belgium, has entered into a strategic partnership with Keylane, an IT firm that provides software solutions to life and non-life insurers and
22 September 2016
Cybercrime and crisis insurance products to boom in coming years Insurance against a range of risks in the political risk and crisis management space are set to boom in the coming years, after a period of lacklustre profitability growth within the market.
13 September 2016
Brexit risks London losing its top spot in Europe for financial services London may lose its rank as the most attractive destination for financial services firms in Europe, following a possible Brexit.
29 August 2016
Xceed Group supports RFIB with implementation of IaaS model Xceed Group, a London-based IT management consultancy, has helped RFIB Group with the selection of an Infrastructure as a Service (IaaS) model to support the firm’s future growth plans.
24 August 2016
Artificial Intelligence and robotics high on financial services agenda As financial services organisations predict and plan for the way consumers will manage their money in the future, artificial intelligence (AI) is high on the business development strategy for 2016 an
06 July 2016
Andrew Kail leads Financial Services practice of PwC in UK PwC’s UK Financial Services practice has, per 1 July 2016, appointed Andrew Kail as its new leader. Kail, who succeeds Kevin Burrowes, has more than 25 years of financial services experience.
27 June 2016
How Financial Services can transform to ride the digitalisation wave Banks and insurance companies that are able to transform themselves will be well placed to benefit from digitalisation.
24 June 2016
Arthur J. Gallagher & Co. acquires KRW Insurance Agency Arthur J. Gallagher & Co. has acquired Illinois-based insurance brokerage KRW Insurance Agency.
22 June 2016
Financial services still run by old boys, as women step out to care Gender disparity within the business world remains a seemingly intractable problem, with slow progress towards parity at the top.
21 June 2016
Ebix plans to acquire technology solutions provider Patriot National Global insurance professional and technological services giant Ebix is set to acquire US-based Patriot National.
21 June 2016
Aon supports ThinkHazard! with 31 earthquake data sets Earthquakes can cause immense damage, in severe cases resulting in collapsing structures and a high dealth toll.
16 June 2016
Growing sub-Saharan market to lift demand for insurance services Growth has been swift in sub-Saharan Africa as macroeconomic conditions improve and population growth remains strong.
08 June 2016
Onno Bloemers leads Benelux Insurance practice of Delta Capita The Benelux practice of Delta Capita has strengthened its partner team with Onno Bloemers.
30 May 2016
CGI supports Copernicus programme to boost insurance data Climate change sometimes comes with blustery weather, causing all kinds of unexpected economic damage – and resultant insurance claims.
05 April 2016
Financial services industry needs holistic digital strategy Banks and insurers are too slow in responding to the wave of digitisation.
15 March 2016
Accenture expands financial services blockchain footprint Blockchain technology is estimated to have the potential to save the financial services industry up to $20 billion by 2021.
23 February 2016
Executives in financial services anticipate more shut-eye Financial services industry executives are being faced with an increasingly complex landscape.
17 February 2016
Competition for M&A in insurance industry heating up Merger and acquisition activity in the insurance industry is forecasted to rise in 2016, according to a new study by Willis Towers Watson in collaboration with Mergermarket.
17 February 2016

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