Two surveys by Wiraya revealed that the relationships between brands and consumers in the UK insurance market have deteriorated to the point of estrangement, with providers assuming claims are twice as inflated as customers actually admit.
News & Commentary
Major financial institutions and investors are holding their breath as the Financial Conduct Authority ponders the angry response to its proposals to drastically water down the rules for listing sovereign-controlled companies on the London Stock Exchange.
This week, it was announced that the insurance industry is joining forces with technology companies and governments in a World Economic Forum-led initiative to avoid catastrophic levels of uninsured risk in the innovation economy.
European insurers look to be winning their battle to retain the current structure of regulatory authorities in Europe in the face of pressure to merge the banking and insurance regulators.
It was a significant week for InsurTech. Aviva is to acquire a majority stake in low cost "robo" investment service Wealthify, and Slice Labs announced a further $11.6m investment for its US on-demand insurance platform
There was a noticeable change of mood among the insurance companies who packed the first Insurance Investment Exchange seminar of the autumn on 19th September.