Innovation and technology have certainly helped us get through lockdown but the application of both is much wider. This guide considers the ethical, legal and regulatory aspects of using data, and the added complication of 'Big Data'.

In our latest BIBA Brokers' Guide, published in conjunction with law firm DAC Beachcroft, we take a look at key issues about digital technology and the insurance industry.

The content includes:

Balancing innovation and regulation
Big Data and ethics
A driverless future
Cyber and the legal landscape
5G and connected cars
Big Data challenges

Key insight within this BIBA issue

Aug 07, 2020

Cyber and the legal landscape

Cyber attacks are increasing in both complexity and frequency, with almost half of businesses (46%) suffering a cyber security breach or attack over the last twelve months. How can regulation help prevent these attacks?

Jul 14, 2020

Balancing innovation and regulation in the insurance industry

Increasingly, customers expect digital interactions when making purchases from companies and insurance customers are no exception. But there is a need to balance regulation too.

Jul 21, 2020

Big data: the only way is ethics

Data is everywhere and growing at an exponential rate. According to cloud software firm DOMO, there is forty times the amount of bytes of data than stars in the observable universe. But how can companies effectively exploit the data?

Jul 31, 2020

5G and connected cars

5G will fundamentally change the world we live in. Boasting record speeds, increased capacity and improved network efficiency, 5G is the new generation of wireless technology. But how does 5G impact connected cars?

Other guides available here:

Sustainability

Legal round-up

Engineering inspection and maintenance

Claims inflation trends

Employee liability insurance

Business interruption insurance

Press release

Allianz Commercial welcomes new head of London region

Allianz Commercial has appointed Rob Carslake as its new head of London region for mid-market. Rob is responsible for the leadership of Allianz’s London region, shaping the business strategy for the region and delivering on its underwriting goals.

Press release

Crash hour: car accidents peak around the 3pm school pick-up, warns Allianz

The 3pm afternoon rush, when many parents do the school pick-up, is the most likely time to have a car accident according to the latest data from insurance provider Allianz.

Press release

The UK Broker Awards 2024

The UK Broker Awards 2024 have revealed their shortlist and we’re thrilled to be nominated for three UK Broker Awards! The vote is now over to you, voting closes at 5pm on Tuesday 10, September.

Press release

Allianz UK creates new sustainability leadership role

Allianz has announced Bethany Thomas as the head of sustainability in a newly created role that centralises Allianz UK’s sustainability strategy.

Press release

Allianz launches essentials cover for UK motorists

Insurance giant Allianz is providing more choice to UK motorists with the launch of a brand-new car essentials insurance option. The offering is the insurer’s third launch in under a year, and part of Allianz’s UK growth strategy to cement the brand as a household name.

Press release

It's a cracking problem as windscreen claims rise 17%

The cost to fix a chip or replace a windscreen has increased year-on-year according to Allianz’s personal lines business. So far in 2024, the insurer spent an average of £327 per windscreen claim, which has risen from £308 in 2022, a difference of £19.

Press release

What is index linking?

Index linking is the amount applied to insurance policies by insurers, designed to safeguard the sum insured against changes in the economic environment.

Press release

Allianz launches new home insurance product for UK customers

As part of its UK growth strategy Allianz has launched a brand-new three tier home insurance product to provide more choice for UK homeowners.

Press release

Three issues that impact the solar industry: Mounting, Monitoring and Maintenance.

There are three issues that impact the long-term productivity and sustainability of the solar industry - Mounting, Monitoring and Maintenance. We explain what these issues are, and how to minimize the risk.

Press release

Repairing the skills gap

A shortage of skills in the motor repair sector is fuelling claims costs and pushing up motor insurance premiums. As the shortage is exacerbated by the need for new skills to work on vehicles with the latest technology, the industry must work together to plug the gap.

Press release

How to reduce the risk of e-bike and e-scooter fires

As more and more people choose to use e-bikes and e-scooters for commuting and personal use, emergency services and insurers are seeing a worrying increase in fires.

Press release

Allianz welcomes Hanna Kam as chief risk officer and Jason Howes as chief transformation officer

Allianz UK has today made two key changes to its most senior leadership layer, welcoming Hanna Kam to the company as chief risk officer, and promoting Jason Howes to chief transformation officer.

Press release

Insurance fraud skyrockets with motorbike 'crash for cash' claims up 60-fold

Allianz’s personal lines business has reported a sharp increase in insurance fraud, particularly in 'crash for cash' fraud involving motorbikes and scooters. The insurer's data indicates that crash for cash has increased a staggering 60 times in 2023.

Press release

Allianz reveals biggest threats facing SMEs in 2024

New research by Allianz Commercial has found that inflation continues to be the biggest threat facing small and medium-sized enterprises (SMEs) in 2024. The recent survey of 500 SMEs revealed the top three threats and challenges.

Press release

Allianz appoints mid-market head of client relationship management

Allianz Commercial has appointed Faith Kitchen to the position of head of client relationship management for mid-market.

A BIBA brokers' guide to

Digital technology

Key insight within this BIBA issue

Cyber and the legal landscape

Balancing innovation and regulation in the insurance industry

Big data: the only way is ethics

5G and connected cars

Other guides available here:

You might also be interested in

Allianz Commercial welcomes new head of London region

Crash hour: car accidents peak around the 3pm school pick-up, warns Allianz

The UK Broker Awards 2024

Allianz UK creates new sustainability leadership role

Allianz launches essentials cover for UK motorists

It's a cracking problem as windscreen claims rise 17%

What is index linking?

Allianz launches new home insurance product for UK customers

Three issues that impact the solar industry: Mounting, Monitoring and Maintenance.

Repairing the skills gap

How to reduce the risk of e-bike and e-scooter fires

Allianz welcomes Hanna Kam as chief risk officer and Jason Howes as chief transformation officer

Insurance fraud skyrockets with motorbike 'crash for cash' claims up 60-fold

Allianz reveals biggest threats facing SMEs in 2024

Allianz appoints mid-market head of client relationship management

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