Quick links:
06

Vast majority of insurance firms seeking growth through insurtech

Open-access content Thursday 8th June 2017 — updated 5.50pm, Wednesday 29th April 2020

Innovation has become the top businesses priority influencing IT investment plans for insurers as they attempt to adapt to a difficult economic environment in Europe.

2


That is according to a report by Celent, which shows that approximately 85% of European insurers are monitoring insurtech activity as they search for profitable growth. Read the full article on our Predictions site here

This article appeared in our June 2017 issue of The Actuary .
Click here to view this issue

You may also be interested in...

2

IFoA Intergenerational Fairness Bulletin: retirement edition

On 31 May, the IFoA launched the second bulletin of its three-part series on intergenerational fairness, focusing on the future of retirement and pensions within the UK.
Tuesday 6th June 2017
Open-access content
2

Cyber security workforce shortage widening

The worldwide cyber security workforce will be 1.8 million short of what is needed by 2022, a gap 20% bigger than it was in 2015.
Monday 12th June 2017
Open-access content
2

AI optimisation boosts business value by 90%

The majority of firms do not see the transformational or incremental value of artificial intelligence (AI), according to a report by Accenture.
Friday 16th June 2017
Open-access content
2

Data protection regulation to hit firms with €4.7bn in fines

European financial institutions are forecast to breach incoming General Data Protection Regulation at least 384 times in the first three years of its implementation.
Thursday 22nd June 2017
Open-access content
2

Global economic growth could double through AI application

Artificial intelligence (AI) has the potential to double annual GDP rates worldwide by 2035, according to a new report by Accenture.
Friday 23rd June 2017
Open-access content
2

Global insurers believe revenue at risk to Insurtech

Almost 90% of global insurers are concerned their revenue is at risk to the emergence of Insurtech players, according to new research by PwC.
Thursday 29th June 2017
Open-access content

Latest from June 2017

2

Cyber insurance protection gap far greater than for natural disasters

Approximately 90% of the total losses incurred by cyber attacks worldwide are not covered by insurance, far exceeding the protection gap associated with natural disasters.
Wednesday 6th June 2018
Open-access content
2

Financial services sector booming

The UK’s financial services sector experienced a significant improvement in business conditions in the second quarter of this year, according to a survey of firms by the CBI and PwC.
Tuesday 11th July 2017
Open-access content
2

Biggest rise in motor insurance premiums recorded for seven years

Average comprehensive motor insurance premiums in the UK increased by 8.4% to £847 during the second quarter of this year – the largest quarterly jump recorded since 2010.
Tuesday 11th July 2017
Open-access content

Latest from small_opening_image

2

COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
Open-access content
2

Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
Open-access content
2

Grim economic forecasts made as countries lockdown

A sharp recession is imminent in the vast majority of developed and emerging economies as the deadly coronavirus forces businesses to shut down across the world.
Tuesday 24th March 2020
Open-access content

Latest from short_item_with_links

2

The Actuary Puzzles February 2020

February puzzles and solutions.
Friday 31st January 2020
Open-access content
2

The Actuary Puzzles December 2019

December puzzles and solutions.
Thursday 28th November 2019
Open-access content
2

The Actuary Puzzles November 2019

November puzzles and solutions.
Tuesday 5th November 2019
Open-access content

Latest from 06

2

Cyber insurance protection gap far greater than for natural disasters

Approximately 90% of the total losses incurred by cyber attacks worldwide are not covered by insurance, far exceeding the protection gap associated with natural disasters.
Wednesday 6th June 2018
Open-access content
2

Financial services sector booming

The UK’s financial services sector experienced a significant improvement in business conditions in the second quarter of this year, according to a survey of firms by the CBI and PwC.
Tuesday 11th July 2017
Open-access content
2

Biggest rise in motor insurance premiums recorded for seven years

Average comprehensive motor insurance premiums in the UK increased by 8.4% to £847 during the second quarter of this year – the largest quarterly jump recorded since 2010.
Tuesday 11th July 2017
Open-access content