Tag: COVID-19

Digital transformations have spurred exponential profitability across various sectors including ridesharing, retail, banking, and travel. However, according to hyperexponential, despite being a data-rich sector, the insurance industry has been slower in achieving this level of growth.

One of the most potentially longstanding trends to emerge over the past year is hybrid working, with the working model expected to persist as the workforce becomes more accustomed to the work-life balance it offers them.

Prior to the Covid-19 pandemic, the insurance sector was already a highly competitive space. Now, with more demand than ever for insurance, the market is going into overdrive.

Irish InsurTech company Blink has teamed up with Allianz Partners to support a major distribution of its travel disruption insurance platform in the UK this month.

The UK Supreme Court has ruled that policyholders should have their coronavirus losses covered by insurers and the InsurTech industry is welcoming the decision.

Almost 4,000 regulated firms in the UK were at risk of failing in October and 59% of companies believe Covid-19 will have an adverse effect on their business, according to research from a City watchdog.

The coronavirus pandemic has forced insurers to review their pricing models, but adopting new tech solutions to do that could have many benefits.

The coronavirus pandemic has left many people's personal finances in tatters and now the Financial Conduct Authority (FCA) has proposed ways to protect at least some insurance clients from suffering further.

London-based Urban Jungle has secured £1.6m from both new and existing investors after having been forced to close a previous round early due to Covid-19.

The Financial Ombudsman has received over 3,500 complaints related to Covid-19 so far this year.