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07

Motor insurance industry unprepared for digital risks

Open-access content Tuesday 25th July 2017 — updated 5.50pm, Wednesday 29th April 2020

Just 18% of motor insurers believe the industry is ready for the digital risks presented by technological change, according to a new report by LexisNexis.

2

It shows that email security, data protection and identity theft are the top concerns facing insurers. Read the full article on our Predictions site here

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

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2

InsurTech funding increases 248%

A record 64 transactions resulted in worldwide InsurTech investment increasing 248% in the second quarter of this year to reach $985m (£756m).
Monday 24th July 2017
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Emerging technology to cut employees benefit costs

Powerful aggregating tools and forensic data analysis will enable global businesses to cut the cost of providing benefits to staff, according to new research from MAXIS Global Benefits Network.
Friday 21st July 2017
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'Inevitable' cyber breach to cost UK businesses more than £1m

UK firms will have to spend an average of £1.1m to recover from a data security breach this year, according to a new report by NTT Security.
Monday 17th July 2017
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Almost one third of cyber breaches caused by employee error this year

Accidental cyber breaches caused by employee error or third party suppliers accounted for almost a third of the total breaches recorded in the first six months of 2017.
Wednesday 2nd August 2017
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UK FinTech investment booms

Total FinTech investment in the UK reached $1.4bn (£1.07bn) in the second quarter of 2017, according to new research by KPMG.
Friday 4th August 2017
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2

52% of financial services leaders implementing blockchain

More than half of financial services directors in the UK have implemented blockchain, experiencing faster transactions and increased transparency.
Thursday 13th July 2017
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