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    How swift and accurate data helps insurers and homeowners

    10/04/2018

    A study by LexisNexis Risk Solutions has shown that home insurers could be working to improve the customer experience through better use of data.

    Out of the 1,500 homeowners who were asked, 68 per cent believed that when applying for insurance it is acceptable to leave out or manipulate information to keep premiums low. Nearly two thirds (61 per cent) were worried that they might accidentally leave something out of their application, while 25 per cent said that claims should be covered even when the information originally provided was not entirely accurate.

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    Why insurers must be insurtech entrepreneurs

    06/04/2018

    A report by IBM highlights why insurers must collaborate with insurtech providers. The report, Friend or foe? Insurtechs and the global insurance industry, draws on the views of 1,200 insurers, insurtech businesses and venture capitalists.

    Focusing on a digital future

    With insurtech now as established and accepted as fintech, 81 per cent of “outperforming” insurance businesses are said to be either investing in or already working with insurtech businesses. The report identified the following as key areas of focus:

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