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  • August 2018
08

InsurTech-based premiums to more than double in the next five years

Open-access content Tuesday 21st August 2018 — updated 5.50pm, Wednesday 29th April 2020

Emerging insurance technology will help generate over $400bn (£312bn) worth of premiums worldwide by 2023, more than double the estimated $187bn today.

2


That is according to new forecasts from Juniper Research, which said InsurTech platforms would be an "opportunity insurers cannot ignore". Read the full article on our Predictions site here. 


This article appeared in our August 2018 issue of The Actuary .
Click here to view this issue

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Insurance opportunity identified to help slash India's road accident deaths

There are up to 238,562 fatalities caused by road accidents in India each year – more than 100 times the UK number – and actuaries could play a crucial role in tackling the problem.
Friday 24th August 2018
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Business leaders worldwide believe that data scientists will be their most important workers in the search for future growth, a global survey of 1,300 CEOs has found.
Monday 13th August 2018
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Tuesday 21st August 2018
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Reputation risks double in the age of social media

The impact of cyber attacks, product recalls and other ‘reputation events’ on share prices is two times higher today than it was before the introduction of social media.
Monday 20th August 2018
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Third of top non-life insurers see Brexit as a 'key risk' to solvency

Almost all of the UK and Ireland’s 100 largest non-life insurers hold enough capital to meet their Solvency II requirements, but one-third see Brexit as a “key risk” to this.
Wednesday 22nd August 2018
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One insurance scam detected every minute in the UK

More than half a million insurance frauds took place in the UK last year, amounting to one scam every minute, analysis from the Association of British Insurers (ABI) reveals.
Thursday 23rd August 2018
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Friday 31st August 2018
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The UK government should abolish pension tax relief and replace it with bonuses on individual and employer saving contributions, the Centre for Policy Studies (CPS) has said.
Friday 31st August 2018
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COVID-19 forum for actuaries launched

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Wednesday 25th March 2020
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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
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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.
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Public back whiplash compensation reforms

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More than eight in ten pension investment managers and trustees would like to use a checklist provided by The Pensions Regulator (TPR) during the tender process for fiduciary managers and consultants.
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