Insurance Archives - UK Tech News https://uktechnews.co.uk/category/insurance/ The Latest News from the Professional UK Tech Scene Wed, 15 Nov 2023 11:42:32 +0000 en-GB hourly 1 https://wordpress.org/?v=6.4.1 156663949 The Role of IT Support in Modern Insurance Companies https://uktechnews.co.uk/2023/11/15/the-role-of-it-support-in-modern-insurance-companies/ Wed, 15 Nov 2023 11:42:31 +0000 https://uktechnews.co.uk/the-role-of-it-support-in-modern-insurance-companies In the 2020s, insurance companies depend on technology to a greater extent than they have ever previously done. The role of IT in the insurance world offers many benefits that keep a company competitive and reliable for its customers. Almost every aspect of interaction with a customer of a given insurance company, either through social […]

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]]> 52445 Cowbell continues rapid UK expansion with launch of adaptive cyber insurance programme underpinned by senior appointment https://uktechnews.co.uk/2023/09/06/cowbell-continues-rapid-uk-expansion-with-launch-of-adaptive-cyber-insurance-programme-underpinned-by-senior-appointment/ Wed, 06 Sep 2023 09:35:49 +0000 https://uktechnews.co.uk/cowbell-continues-rapid-uk-expansion-with-launch-of-adaptive-cyber-insurance-programme-underpinned-by-senior-appointment Launch of first UK-specialty product, Cowbell Prime One, enabling best-in-class SME protection and AI-powered underwriting at speed. Appointment of ex-Aston Lark SME cyber risk insurance lead, Catherine Aleppo, as UK Sales Director Cowbell also opens up its tailored coverages and detailed analysis of cyber risks built from risk pool of 36 million US and UK […]

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]]> 50872 Insurance broker urges businesses to check their cyber insurance as ransomware attacks continue to rise https://uktechnews.co.uk/2023/07/26/insurance-broker-urges-businesses-to-check-their-cyber-insurance-as-ransomware-attacks-continue-to-rise/ Wed, 26 Jul 2023 14:02:33 +0000 https://uktechnews.co.uk/insurance-broker-urges-businesses-to-check-their-cyber-insurance-as-ransomware-attacks-continue-to-rise With ransomware attacks on the rise once again, one of the UK’s leading insurance brokers, Towergate Insurance Brokers, is urging businesses to check their cyber insurance to make sure they have adequate cover in case they are targeted. Ransomware attacks have been increasing since the start of 2023, after worldwide figures dropped in 2022, likely […]

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]]> 49433 Howden predicts global cyber insurance premiums could exceed USD 50 billion by 2030 https://uktechnews.co.uk/2023/07/06/howden-predicts-global-cyber-insurance-premiums-could-exceed-usd-50-billion-by-2030/ Thu, 06 Jul 2023 11:58:42 +0000 https://uktechnews.co.uk/howden-predicts-global-cyber-insurance-premiums-could-exceed-usd-50-billion-by-2030 Cyber insurance market has the potential to scale to rival the size of other major P&C lines if three key challenges can be successfully navigated, according to Howden’s third cyber report, ‘Coming of Age’   Future growth and relevance now centres around three key themes: penetrating new markets (particularly SMEs), addressing systemic risk and expanding […]

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]]> 48686 Urban Jungle becomes first insurtech business to offer home and car multiline insurance https://uktechnews.co.uk/2022/08/23/urban-jungle-becomes-first-insurtech-business-to-offer-home-and-car-multiline-insurance/ Tue, 23 Aug 2022 12:34:50 +0000 https://uktechnews.co.uk/urban-jungle-becomes-first-insurtech-business-to-offer-home-and-car-multiline-insurance Insurance challenger brand, Urban Jungle, is adding to its range of home insurance products with the launch of its new car insurance – making it the first UK insurtech business to go multiline and offer both home and car cover. Car insurance is a legal requirement for all drivers and with prices at a two-year […]

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]]> 38899 Policy Powerhouse launches the fastest holiday let insurance quote platform in the UK, for purchase in under 5 minutes https://uktechnews.co.uk/2022/06/16/policy-powerhouse-launches-the-fastest-holiday-let-insurance-quote-platform-in-the-uk-for-purchase-in-under-5-minutes/ Thu, 16 Jun 2022 15:27:12 +0000 https://uktechnews.co.uk/policy-powerhouse-launches-the-fastest-holiday-let-insurance-quote-platform-in-the-uk-for-purchase-in-under-5-minutes Policy Powerhouse, a new digital broker, has today launched the fastest quote platform in the UK for holiday let insurance. Designed and built for busy holiday let business owners, it offers them the ability to get a quote for, and purchase, holiday let buildings and contents insurance in under 5 minutes. The ability to insure […]

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]]> 36256 Insurer Generali Receives 314% ROI in First Year Deploying UltimateSuite Task Mining https://uktechnews.co.uk/2022/04/25/insurer-generali-receives-314-roi-in-first-year-deploying-ultimatesuite-task-mining/ Mon, 25 Apr 2022 09:54:43 +0000 https://uktechnews.co.uk/insurer-generali-receives-314-roi-in-first-year-deploying-ultimatesuite-task-mining Insurance company reaps significant business efficiency and cost saving benefits using tool to improve internal business processes and manage performance Prague, The Czech Republic – APRIL 25th, 2022 – UltimateSuite, the task mining company, today announced the results of a successful deployment by its customer Generali, which has seen a 314% return on investment from […]

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]]> 33626 DCL Camatics Tranforming Fleet Insurance Sector With Video Telematics From Visiontrack https://uktechnews.co.uk/2022/03/23/dcl-camatics-tranforming-fleet-insurance-sector-with-video-telematics-from-visiontrack/ Wed, 23 Mar 2022 14:54:15 +0000 https://uktechnews.co.uk/dcl-camatics-tranforming-fleet-insurance-sector-with-video-telematics-from-visiontrack DCL Camatics, the specialist commercial motor insurance solution from Direct Commercial Ltd, is taking advantage of VisionTrack’s video telematics expertise to deliver a unique insurance proposition within the fleet marketplace. DCL Camatics has seen an average improvement of 17% in the frequency of claims and 36% reduction in claims cost, resulting in an average fleet […]

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]]> 32550 Cybersecurity risks could disrupt businesses on their return to the workplace, insurance expert warns https://uktechnews.co.uk/2021/10/14/cybersecurity-risks-could-disrupt-businesses-on-their-return-to-the-workplace-insurance-expert-warns/ Thu, 14 Oct 2021 16:14:47 +0000 https://uktechnews.co.uk/cybersecurity-risks-could-disrupt-businesses-on-their-return-to-the-workplace-insurance-expert-warns One of the UK’s leading insurance brokers is urging businesses to understand the cybersecurity risks associated with returning to the workplace. Towergate Insurance Brokers is warning organisations that in preparation for ‘business as normal’, businesses need to be carrying out risk assessments and rewriting policies to ensure that they are ready for any large-scale return […]

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