Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Insurers are set to pay out £1.6bn for weather-related property claims made last year as homeowners in the UK faced storms, flooding and higher rebuilding costs after catastrophes. Analysis of industry data by Deloitte predicts
Artificial intelligence in insurance is no longer confined to pilots or back-office experiments. It is steadily moving into the core operational work that insurers once believed required human intervention alone. This shift now spans underwriting, claims, servicing and finance. Industry data shows that document processing, claims handling and operational automation are among the fastest-growing
The Renewal app is free and a handy way for people to organise all their insurance policies. The Renewal app is free and a handy way for people to organise all their insurance policies.(Image: Tim Robberts via Getty Images) The money-saving team at Go.Compare have launched a new app designed to help people organise all
Investing.com — Major insurance broker stocks plummeted Monday amid investor concerns that artificial intelligence could disrupt traditional insurance distribution channels. The selloff followed reports from Reinsurance News and others that OpenAI approved the first AI insurance app on ChatGPT, built by Spanish digital insurer Tuio. Willis Towers Watson (NASDAQ:WTW) experienced the steepest decline, with shares
Investing.com — Major insurance broker stocks plummeted Monday amid investor concerns that artificial intelligence could disrupt traditional insurance distribution channels. The selloff followed reports from Reinsurance News and others that OpenAI approved the first AI insurance app on ChatGPT, built by Spanish digital insurer Tuio. experienced the steepest decline, with shares falling 13%. dropped 9.4%,
A technology business which provides a wide range of services to the insurance industry will this week announce a major funding injection jointly led by one of the co-founders of Zilch, the leading British fintech. Sky News understands that ManageMy, which helps insurers sell, service, underwrite and manage policies, will say it has landed $45m
Photo: wavebreakmediamicro via 123RF Insurance offers protection and financial relief when unexpected events occur, including during winter months when icy roads and howling blizzards pose a risk of unforeseen accidents. Health insurance, for example, provides coverage for doctor visits, hospitalization, surgery, slip-and-fall, or winter sports injuries, and more. Auto insurance covers costly repairs following a car
I have pet insurance for my much loved 13-year-old dog and this year’s premium has risen to £85 a month. To add insult to injury, the annual premium now exceeds the maximum the insurer will pay out. Surely this is unfair? A Which? Money member Get expert help with your money questions ‘You could become
Key Takeaways Pet insurance options include accident-only, accident and illness, and wellness coverage. Insurance can save money on unexpected vet bills but may not cover everything. Premiums often increase as pets age, and many plans require upfront payment with later reimbursement. Exclusions often include pre-existing conditions, preventive care, and specific elective procedures. Consider insurance if
Key Takeaways Certain spring break activities, like renting a scooter and zip-lining, are often excluded from travel insurance coverage. High-risk or motorized activities often require an extra rider, even when the rest of the trip is covered. When shopping for a travel insurance policy, think through your planned activities so you can choose the right