Many insurers are worried the technology-centric startups will steal their business June 13, 2016 Technology has got insurers shaking in their boots, as research out today shows many are worried technology-focused startups will snatch their business out from under them. The report by professional services firm PwC discovered that almost half (48 per cent) of insurers are concerned that as much as a fifth of their business could be [...]
Insurers predict they will need to cut costs over the next few months as competitors with a technology focus creep into their market place March 29, 2016 General insurers expect to see their profitability sink over the next three months, despite also predicting a rise in premiums, a study out today has found. The survey by the Confederation of British Industry (CBI) and PwC discovered that insurers, particularly those dealing with general insurance, are increasingly worried about competition from startup InsurTech companies and are [...]
Comeback currency of the year: Bitcoin beat the dollar by nearly 40 per cent last year to become the best performer of 2015 January 12, 2016 Bitcoin was the world’s best-performing currency in 2015, beating out the US dollar by nearly 40 per cent. The cryptocurrency has been on a roll lately, boosted to hit a 2016 high of $450 by recent turmoil on Chinese stock markets. In afternoon trading, the currency was at $446.31. “Bitcoin is living up to its [...]
Fintech 2016: Bitcoin rises again and compliance gets sexy January 7, 2016 It was another big year for fintech in Europe in 2015. The frenzy of activity in London has continued. There’s been an overload of conferences and events, an occasional dose of premature back-slapping, but most importantly some great companies have raised serious investment. The rest of Europe, Germany in particular, has leapt forward too – [...]