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News
AA Insurance's new ad reflects real crash data
2+ week, 5+ day ago (254+ words) This campaign was timed to land squarely on risk data where New Zealanders aged 16 to 24 make up just...the team built Hazard City by hand rather than digitally, wanting the imagined dangers to feel as real...He said the approach…...
Broker stress falls for the first time in five years - but the data may be masking, not measuring it
3+ week, 5+ day ago (719+ words) Fewer brokers are reporting high levels of stress than a year ago, according to Ecclesiastical's latest Understanding Broker Mental Wellbeing research, though the insurer warned this should not be mistaken for a sign that the underlying pressures of the job…...
Data centres expose insurers to fire climate and cyber risks
3+ week, 4+ day ago (649+ words) The artificial intelligence (AI)-driven expansion of data centres is creating new construction, operational...Annual investment in data centres is expected to double from about $500b in 2024 to more than $1t by...The report, The Data Centre Construction Boom: Risks and Claims…...
QBE Names Global Data Center Lead
3+ week, 5+ day ago (381+ words) Jamie Thompson will develop an integrated insurance proposition for data center risks across QBE’s global...QBE (Sydney) has appointed Jamie Thompson Global Director of Data Centers, a newly created role focused...Thompson will be based in London and will develop…...
Paylogix TPA data breach puts benefits brokers on notice
2+ week, 5+ day ago (473+ words) Insurance Business Paylogix TPA data breach...brokers on notice Hackers linked to the Akira ransomware gang stole health, financial, and identity data...plan participants A ransomware gang stole health records, Social Security numbers, financial account data...They copied files before…...
FCA data backs CII on consumer duty reporting gaps
1+ week, 4+ day ago (490+ words) UK insurance and financial planning firms are producing more confident, data-rich Consumer Duty board...According to the CII, roughly three-quarters of firms cited difficulties integrating data, sourcing appropriate...data and connecting datasets across their organisations....key decision points, clearer…...
Underwriters say AI is saving time, not improving decisions
4+ day, 2+ hour ago (455+ words) Most senior commercial underwriters say AI has saved them time on admin....Among underwriters who use AI, 51 percent say its greatest contribution has been saving time on manual...The three biggest drags they name are inconsistent submission data (44 percent), pressure…...
Harry's £9.5m costs bill: what the Daily Mail ruling really means for litigation insurers
3+ week, 2+ day ago (496+ words) Insurance Business...Harry's £9.5m costs bill: what the Daily Mail ruling really means for litigation insurers Prince Harry...The seven had sued ANL over allegations of unlawful information gathering, including phone hacking and...
HUB International names Sarah Thompson national real estate practice leader for Canada
1+ week, 5+ day ago (414+ words) HUB International has appointed Sarah Thompson (pictured) as national real estate practice leader for...Thompson will lead HUB's Canadian real estate strategy and practice development, oversee the creation...of proprietary risk and insurance products for real estate owners, developers and…...
Canada's data centre boom is straining conventional underwriting
2+ week, 6+ day ago (258+ words) Aon added C$5 billion in new data centre insurance capacity this month, on top of raising its dedicated...Swiss Re projects global insurance premiums tied to data centres will roughly double from US$10.6 billion...