It turns out virtual reality (VR) is resulting in real-life accidents, according to Aviva’s analysis of home contents insurance claims linked to VR games and headsets. “As new games and gadgets become popular, we often see this playing through in…
Read MoreAuthor: Vivek Lomate
Ecclesiastical’s Movement for Good awards donate further £200,000 to five charities
Since Ecclesiastical Insurance Group’s Movement for Good awards launched three years ago £3 million has been given to charities across the UK and Ireland. Today the insurer announced it has donated further £200,000 to five causes across the UK to…
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BoE’s Andrew Bailey on the prudential government for UK insurers
“The case for reform is clear.” Those were the words of Bank of England (BoE) governor Andrew Bailey during his speech at the recent TheCityUK Annual Dinner, at which he talked about financial system resilience and why it’s necessary, following…
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Four steps to perfect Insurtech Customer Experience Metrics
Andi Dominguez, Global Insurance Principal at Quadient explores how can insurers keep customers happy in a period of change The real change in UK insurance industry happened that in last few years the rise of comparison in wedsites and willingness…
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Partnership spurs creation of Health Insurtech business
AIA Group announces partnership with Discovery Group, unveiling the fruits of historic collaboration: joint pan-Asian InsurTech venture, Amplify Health AIA group is integrated digital health company Discovery Group and is exclusively marketed for the citizens of Asia but not this…
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Insurtech FloodFlash hits US$15mn in Series A funding round
The capital will be used to drive parametric insurtech FloodFlash’s international expansion strategy and help close the flood insurance protection gap The Uk parametric insurtech FloodFlash has raise US$15mn in the lastest funding round. This will use to drive the…
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2021 saw a 31% increase in VR-related insurance claims
Insurer Aviva found a 31% jump in home contents claims involving virtual reality (VR) headsets last year, marking a 68% overall increase since 2016 Aviva has revealed that the claim involving VR rose by 31% by last year. The incidents…
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CCC Intelligent Solutions Acquires Insurtech Safekeep
CCC Intelligents solution (ccc) has acquired Safekeep, in line with its vision to deliver end-to-end straight-through claims processing A leading SaaS Platform which is for insurance economy name CCC Intelligent Solution which has acquired Safekeep in subrogation to claim management…
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FastTrack launches new PTD Auto- Recertification Solution
FastTrack, a US-based provider of life and disability insurance solutions, has unveiled its newest product offering, which will help carriers and providers in the marketplace. The new PTD Auto-Recertification Solution allows carriers to benefit from digitised claimant statements with trigger…
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Vitesse PSP secures US$26mn in series B Funding Round
UK insurtech Vitesse PSP will use the funds to drive their digitalisation strategy forwards in 2022 as they extend their marketplace presence Vitesse PSP IS A UK based insurtech which has secured US$26mn in capital in their funding drive in…
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