week commencing 11/03/18:

In memory of one of the world’s greatest minds in the late Professor Stephen Hawking, this week we offer one of his many quotes – “Remember to look up at the stars and not down at your feet. Try to make sense of what you see and wonder about what makes the universe exist. Be curious.”. Here are our highlights to satisfy that curiosity.

TOM to transition to “user pays” model
A new pay-per-use model is set to come into operation for parts of the London Market Target Operating Model (LM TOM) from 2019. External-link [Insurance Insider]

New and improved B3i company launching next week
Régis Delayat has announced a series of big changes at B3i ahead of its launch next week, saying the company is “transforming and changing its model” to become a legal entity. External-link [Global Reinsurance]

Telematics insurance meets an obstacle in the road
Amid soaring insurance premiums, insurers are looking to capitalise on the increasingly popular telematics market. But will their reluctance to share data stall developments? External-link [Insurance Day]

Integro-Tysers deal finally close to completion
After an extended period of exclusivity, Integro is finally nearing the successful conclusion of its bid to acquire Tysers. The news defies speculation amongst industry insiders that the deal would never go through. External-link [Insurance Insider]

Pension reform threatened by insurers
A trade body has issued a stark warning that pension reforms could face huge difficulties reaching the public due to a lack of cover on offer for financial advisers that assist with retirement planning. External-link [Financial Times]

Q4 commercial insurance prices rise in the US
An industry body survey has revealed that commercial insurance prices rose a modest amount in the final quarter of 2017 compared to 2016. External-link [Reinsurance News]

Marine insurance to profit from global economic expansion
According to the President of the International Union of Marine Insurance, 2018 is set to be a good year for his industry as a strong global economy provides the perfect conditions for growth. External-link [Intelligent Insurer]

Losses on the increase at Lemonade and Metromile
Leading insurtech companies Metromile and Lemonade have reported rising underwriting losses along with increasing net premiums. External-link [Insurance Insider]

Hannover Re enjoys significant Q4 P&C profit rise
A rapid rise in the volume of business written and a 16.4% P&C operating profit boosted Hannover Re to a successful fourth quarter last year. External-link [Insurance Insider]

Not-so-smart speakers don’t live up to the hype
Amid reports circulating this week of Alexas up and down the country bursting into spontaneous, chilling laughter, the debate about the future of smart speakers and their place in the home remains open. External-link [Financial Times]


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