Insurtech hype halts as disruptors morph into collaborators. Ey nextwave insurance large commercial reinsurance. Accenture open insurance. Ecosystems in insurance: The next frontier for enhancing productivity. January 30, 2020Insurers have a productivity challenge.
Recent McKinsey research found the insurance industry has struggled for years to achieve productivity gains at scale, particularly compared with other industries. In addition, the spread in operating costs between the highest and lowest performers in both P&C and life has substantially increased over the past decade. While four categories of levers—functional excellence, structural simplification, business transformation, and enterprise agility—can support productivity efforts, insurers typically focus on the first two. Kennedys launches tool aimed at allowing insurance clients to self-serve claims. Postonline.co. Whiplash portal roll-out delayed to August. Ageas to underwrite new home insurance products for Post Office Insurance.
Allianz Partners UK enters bicycle insurance market. Tesla insurance foray poses long-term risk to incumbent insurers – Moody’s. AXA UK trials machine learning tool for speedier motor claims.
Self-driving delivery van ditches 'human controls' Image copyright Nuro The first self-driving vehicle designed without basic human controls such as steering wheels, pedals or side view mirrors has been granted permission to test on US roads.
Nuro, the company behind the design, makes autonomous delivery vans. The vehicle is Nuro's second generation of its vehicles, which it is calling R2 and will be tested in Houston, Texas. Simon Marsh – the video telematics boss saving lives and loss ratios. Petrol and diesel car sales ban brought forward to 2035. A ban on selling new petrol, diesel or hybrid cars in the UK will be brought forward from 2040 to 2035 at the latest, under government plans.
The change comes after experts said 2040 would be too late if the UK wants to achieve its target of emitting virtually zero carbon by 2050. Boris Johnson will outline the policy later at an event to launch a United Nations climate summit in November.