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FCA | June 01, 2020
The Financial Conduct Authority has reviewed more than 500 business interruption policies from 40 insurers in order to pull together a sample of 17 policy wordings as part of its plans to bring forward a High Court test case. In an update this morning (June 1) the regulator confirmed it had selected the 17 policy wordings which will be used in the court case to represent key issues in dispute between policyholders and insurers....
RISK MANAGEMENT,COMPLIANCE
SAS | November 14, 2022
SAS is lauded an insurance fraud detection Luminary in Celent's inaugural trio of SolutionScape reports evaluating anti-fraud solutions across insurance market segments. The research and advisory firm analyzed a total 13 vendors' fraud detection offerings in three markets, evaluating each for its level of advanced technology and breadth of functionality. Notably, SAS was the only vendor to earn Celent's Luminary designation in all three of its Insurance Fraud-Detection...
INSURANCE TECHNOLOGY
RLI | March 10, 2022
Simply Business, Inc., a Boston-based digital insurance agency focused on small businesses, today announced the launch of tailored insurance solutions for home-based businesses. The new offering, RLI Home Business Insurance, is underwritten by specialty insurer RLI and covers home and offsite exposures such as general liability, equipment, furniture, fixtures and inventory. Adequate protection for these risks is not typically provided through standard homeowners' insurance policies. <...
Cision PR Newswire | October 19, 2020
MAPFRE and Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, have come together to radically transform the way customers deal with insurance claims. Shift, who had already disrupted the insurance world with their acclaimed AI-powered fraud solution, is now leveraging its experience in claims to create a state-of-the-art, end-to-end claims automation solution. Together with MAPFRE, the company aims to deliver an instant, f...
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