Bank of England

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In the news

CII warns of AI 'fluency gap' threatening responsible adoption across insurance

TRANSFORMATION

CII warns of AI 'fluency gap' threatening responsible adoption across insurance

A new CII report says boards and customer-facing staff need training that goes beyond basic AI tool use, or trust in the sector could suffer - and brokers have a specific question worth asking every carrier partner using AI

Allianz Trade could slash cover for Vistry suppliers by up to 70%

CONSTRUCTION & ENGINEERING

Allianz Trade could slash cover for Vistry suppliers by up to 70%

The quiet pullback signals rising risk across the construction supply chain, and brokers with exposed clients should act before it shows up at renewal

AI governance matters more than adoption speed in insurance

TRANSFORMATION

AI governance matters more than adoption speed in insurance

The FCA's focus on proving good customer outcomes is shifting insurers' AI priorities from adoption to governance

Insurers are still modelling the wrong El Niño risk

CATASTROPHE & FLOOD

Insurers are still modelling the wrong El Niño risk

As businesses prepare for a potential super El Niño, WTW says the industry's biggest blind spot lies in modelling how disruption spreads through supply chains

The earth has stopped being as shiny. Insurers are worried

CATASTROPHE & FLOOD

The earth has stopped being as shiny. Insurers are worried

-20C winters in the UK, icebergs off East Anglia?

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