Weekly News Roundup – 17th December

Christmas is creeping ever closer but despite the desertion in the city there is still a lot going on behind the scenes! We are signing off for the festive period this week but look forward to providing more of this news roundup in the new year. Happy Christmas to you all!

Zurich Insurance to acquire conversational AI company Alphachat (Source: Insurtech Insights)
The insurer is developing its digital offering in this latest acquisition, which will improve its virtual assistant offering for both internal and external purposes.

Best of both: bundling parametric with indemnity insurance (Source: Instech London)
This article explores whether combining parametric and indemnity for commercial insurance could be the next huge cost saver. It also discusses how one of the MGAs on our platform, Skyline Partners, (shameless plug number 1)  is “working with an agricultural insurer in the United Kingdom to bundle parametric heat stress cover with their existing indemnity insurance policy for the dairy industry, in order to upscale and differentiate existing offerings”.

BI test case claims payments now at over £1.2 billion (Source: Insurance Business Magazine)
The FCA has released its latest figures related to the settlement of BI policyholder claims in Covid-19 related losses.

Still time to get involved with ARMD Seedrs Funding (Source: Insurance Edge)
One of our very own insurtechs (shameless plug number 2) is currently raising equity investment via Seedrs and there are still openings for investors until 17th December! The business has partnered with RSA to provide tradespeople in the UK with more comprehensive cover against theft and damage.

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