Insurance Post Podcast

Insurance has moved from parchment, to paper, to PDFs in the last few hundred years and Blueprint Two will hopefully help the sector transition towards frictionless processing, according to Rob Myers, operations director of the Lloyd’s Market Association. Hosted on Acast. See acast.com/privacy for more information.

Martin Swann, MD at Jensten Insurance Brokers, said health warnings around use of AI are likely to appear in cyber insurance policy wordings sooner rather than later. Hosted on Acast. See acast.com/privacy for more information.

Post Podcast: 2024 will be a corrective year for motor insurers as they move back towards profitability, industry experts have predicted.  Hosted on Acast. See acast.com/privacy for more information.

Ahead of the Cheltenham Festival, equine insurers explore how the sector helped horse owners when racing returned after the Covid-19 lockdown caused meetings to be cancelled. Hosted on Acast. See acast.com/privacy for more information.

How insurers are supporting the switch from fossil fuels, providing cover for older windfarms and helping develop greener forms of energy is the subject of the latest podcast. Hosted on Acast. See acast.com/privacy for more information.

Insurance is now having to compete with a whole new breed of companies like Deliveroo for fresh talent, according to Grant Clemence, chair of the QBE Foundation. Hosted on Acast. See acast.com/privacy for more information.

As luxury goods prices are up 32% since 2019, the greatest Valentine’s gift brokers could give high-net-worth clients this year is to review their insurance needs. Hosted on Acast. See acast.com/privacy for more information.

Insurers should brace themselves for the FCA kicking the tires of how well providers and brokers are adhering to Consumer Duty requirements in 2024. Hosted on Acast. See acast.com/privacy for more information.

The news and views that shaped insurance in 2023, plus what can you expect from Insurance Post in 2024, are all revealed in our final video podcast of the year. Hosted on Acast. See acast.com/privacy for more information.

​In the latest  Insurance Post Podcast , Vesanto said 6% of properties in Great Britain are at risk of subsidence, but that is going to increase to about 20% by 2080. Moving forward, he said it was vital that insurers understand the risk of a property, rather than at a postcode, level to grasp how to respond to the greater risk of subsidence caused by climate change. Vesanto said: “Last year,...

​ Reflecting on the regulatory action and economic climate that shaped the sector in 2023, Sarah Ouarbya, financial services consulting partner at Mazars, said the Consumer Duty had forced insurers to review their product book, do a bit of spring cleaning and axe some policies. Ouarbya added that the Consumer Duty, plus the cost-of-living crisis, had also resulted in innovation when it comes to si...

​ In the latest  Insurance Post Podcast , Patel said AI was already being used by insurers for risk assessment, data analysis, automatic population of firms, predictive modelling, product design and some personalisation of cover. She said: “At Aurora, we are one of the first lead algorithmic underwriters in the SME space. "Where we are different from others is we algorithmically underwrite th...

​In the latest  Insurance Post Podcast , Sicsic, managing partner of Sicsic Advisory, said embedded insurance has been around for a long time with travel and white good, but technology has widened the range of types of cover that can be sold in this way. However, he flagged that, with this type of cover, checks need to be made so consumers understand what they have purchased. Sicsic said: “Do...

​ Speaking during the latest  Insurance Post Podcast , Grant said this autumn we will see the Stonegate and various eateries appeals looking at aggregation, the increased cost of working and furlough. Grant said: “I think furlough is the really big one here. It is the one with big financial implications, but, equally, it is a Marsh resilience wording. Will that translate across to policyholde...

​ Kajal Vakas, senior vertical manager for claims for the UK & Ireland at LexisNexis Risk Solutions, said her organisation took 150,000 of an insurer’s first party records and ran a check on email addresses to look for past links to fraud. Vakas said that 1% of those records had a high-risk score, which showed they had been seen as being fraudulent when it came to previous claims. Fraud indica...

​ In the latest  Insurance Post Podcast , Carey said the watchdog was on the prowl for “many different reasons” including the Consumer Duty requirements relating to fair value that were introduced earlier this year. She said: “The pet insurance market is unique in that customers generally don’t shop around. They don’t switch products. When they get a pet, they are recommended very few insuran...

In the second of two specially recorded podcasts to mark the ninth Dive In festival, Aviva’s Jonny Briggs and the ABI’s Liisa Antola share what insurers can do to achieve inclusive innovation. Hosted on Acast. See acast.com/privacy for more information.

Specialist Risk Group’s Clare Lebecq and Davies Academy’s Carolyn Blunt talk about what their businesses are doing to create a culture of inclusive innovation. Hosted on Acast. See acast.com/privacy for more information.

​ In the latest episode of the  Insurance Post  Podcast, titled  Challenges and opportunities facing electric vehicle insurers , Distefano said entering the UK insurance industry makes sense for Tesla given the volume of driving data the manufacturer has access to. Distefano said: “Tesla is dominating the UK market. What I am more interested in is how the [insurance] industry will r...

In the latest episode of the  Insurance Post  Podcast, titled ‘Multi-occupancy buildings insurance after Grenfell’, Laura Hughes, general insurance policy manager at the Association of British Insurers, said through the risk-sharing scheme the industry is playing its part in making tower blocks safer and cheaper to insure. Hughes added: “One of the real problems we have seen with some of...

In the latest episode of the  Insurance Post  Podcast, titled  What is driving M&A activity in insurance , Blanc said there were demographic challenges regarding men leaving businesses in their late 50s and early 60s who are struggling to figure out how to exit the market. He added that there were also businesses, which were struggling to grow, that were seeking buyers: “Th...

​ In the latest episode of the  Insurance Post  Podcast, titled  Raising the bar for cyber cover , Ridley said that while the insurance industry is very good at looking back at what has happened historically and then adjusting based on that, there is “a risk of over-reliance on that in cyber”. He said cyber is an area that is far more dynamic and changes far more readily than any ot...

​ Andy Bord, chief executive of Flood Re, said while insurers are good at assessing risks to a property, the industry needs to do more at examining mitigation, the financial benefit of steps taken to reduce water damage, and whether home insurance premiums should be reduced as a result. Speaking during the latest podcast, Bord said: “Particularly when we talk about flood, and some of the property...

​ During the podcast, Emma Ann Hughes, editor of  Insurance Post,  and Jonathan Swift, content director of Infopro Digital's insurance division, share the key characteristics of today’s Power List players, before giving Radio 1 DJs a run for their money by delivering the top 10 countdown. Does this year’s Power List show that women are rapidly rising through the ranks of the industry? Wh...

During the podcast, titled What regulators have in store for insurers and brokers , Sicsic said given the spat between the government and Prudential Regulation Authority on the risk of ditching the EU’s Solvency II capital requirements, he wouldn’t expect a massive overhaul of the rules. Hosted on Acast. See acast.com/privacy for more information.