Weekly News Roundup – 23rd April

This week you can read about the more unusual cases of insurance fraud, explore the shift from traditional to more digitally focussed insurance products and the potential impact on premiums, and get the low down on Lemonade’s latest venture.

Allianz reveal £65.8m worth of insurance fraud in 2020 (Source: Insurance Times)
The insurer’s ‘Know Your Opponent’ strategy is paying off…

Lloyds appoints KBRA as addition rating agency, is graded AA- (Source: Reinsurance News)
In a bid to reassure customers and the market, Lloyd’s adds another ratings string to its bow.

How big a toll will digital insurance services take on traditional premiums? (Source: Insurance Business Magazine)
Accenture’s latest report reveals how the increased adoption of digital channels by customers will ‘alter the future revenue landscape for insurers’. In what ways will insurers need to change to adapt?

Digitise commercial underwriting to streamline workflows (Source: Intelligent Insurer)
In this webinar next month, industry underwriting heavyweights from AXA XL, Aviva and Markel are coming together to discuss what processes need automating pronto, how the most profitable and strategic risks can be easily identified and where underwriters can add value.

Lemonade revving up to enter the car insurance market (Source: Insurance Journal)
Not satisfied with their recent foray into the life insurance space, the insurtech now plans to launch its own auto insurance product.

Enjoy the weekend!

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