Blog: Setting the pace for change

Pace of change

Technologies such as driverless cars, telematics and the connected home are changing the world of insurance, with the need for more modularisation of coverages, and components that can be used in different ways to suit particular niches and markets. Dean Richardson, head of insurer, strategic sales at SSP explains.

Speed is of the essence when delivering these products. Insurers need the ability to change existing products within hours and launch new ones in days. Yet the corporate culture and regulatory

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Lack of trust in telematics hampering potential

After a survey found only 8% of respondents had received any communication from insurers about adopting telematics-based insurance to help reduce premiums, Fairer Finance’s James Daley said “telematics still doesn’t seem to be fulfilling its potential”.

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