Tag: insurance
17 articles tagged insurance
Insurers rewrite cyber cover for agents that go rogue
Beazley, QBE and MSIG are redrafting policy language as AI agents cause losses without any hacker, unauthorised access or conventional security event to point to.
ManyPets owner lifts profit 59% as AI cuts what sales cost
Many Group reports £10m pre-tax profit with new business up 40% and acquisition costs down, as an AI assistant settles more than half of all claims.
Most UK insurers now run AI, but execution gap widens
More than half of UK insurers have embedded AI in core functions, but a gap between ambition and operational scale is becoming the industry's main challenge.
Aviva detects record £233m in fraud as AI scams rise
Aviva flagged a record £233m in suspect claims in 2025 as fraudsters used AI to fake accidents and documents, prompting the insurer to deploy AI in defence.
Insurance Executives Plan AI Spending Surge Despite Skills Gap
Accenture survey finds 90% of insurance leaders will increase AI investment in 2026, but employee readiness lags significantly behind.
