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A Canadian corporation is busting insurance fraud with social media

The Insurance Corporation of British Columbia (ICBC) is making extensive use of social media to find people who have made fraudulent insurance claimsLast month, Digital Journal reported the ICBC's top...

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CITI: Google should buy AIG and turn it into a fintech lab

Now here's some blue sky thinking.In a note circulated on Tuesday, Citi financial analyst Todd Bault and his team have this suggestion:There is a real opportunity for a major tech firm like GOOGL and...

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Citi has a wild theory that Google should buy one of the world's biggest...

Now here's some blue sky thinking.In a note circulated on Tuesday, Citi financial analyst Todd Bault and his team have this suggestion:There is a real opportunity for a major tech firm like GOOGL and...

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Here is Warren Buffett's genius breakdown of the most important concept in...

Here's Warren Buffett on the most important concept in insurance: float.From his 2014 annual letter (via Ed Borgato):So how does our float affect intrinsic value? When Berkshire’s book value is...

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A top psychologist says insurance sucks, so he's joining a startup to fix it

Duke University behavioral economist Dan Ariely thinks that if you sought out a system designed to bring the worst out of people, it would look a lot like modern day insurance. The whole relationship...

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ASK A FINANCIAL PLANNER: 'Do I need life insurance?'

Certified financial planner Sophia Bera answers:I'm in my 20s and I've heard that I need life insurance. I don't have kids, though, or a large amount of student loans ... do I still need it?There is...

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These are the 10 most expensive cars to insure

Sometimes the least expensive part of the horse is the horse.And like their hoofed predecessors, cars are plagued by bills far beyond the buy-in price — especially the expensive, fast ones.These are...

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3 things you probably aren't buying — but should be

Sometimes, spending money now means saving in the future.Yet according the the numbers, we still have the tendency to skimp on, or neglect, highly important purchases — notably, insurance.When things...

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Technology is disrupting the financial services industry — here's how

Technology is upending workflow and processes in the financial services industry. Tasks once handled with paper money, bulky computers, and human interaction are now being completed entirely on digital...

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This £300 billion insurance giant is planning to break itself up — and now...

Shares in insurance giant Old Mutual — which manages around £320 billion of assets globally — are going crazy on Monday morning, on the back of rumours that the company plans to break itself up into...

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One of the world's biggest insurers is splitting into 4 new divisions

Old Mutual — the huge insurance group which manages in excess of £320 billion in assets — has confirmed plans to break itself into four separate decisions following a "strategic review" led by the...

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Technology is disrupting the financial services industry — here's how

Technology is upending workflow and processes in the financial services industry. Tasks once handled with paper money, bulky computers, and human interaction are now being completed entirely on digital...

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FINTECH BRIEFING: Fintechs could take 23% of financial services — Korea...

Welcome to The Fintech Briefing, a morning email providing the latest news, data, and insight into disruptive fintech in the UK and Ireland, the Continent, and beyond, produced by BI Intelligence.Want...

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The world's largest insurance market is making Brexit contingency plans as...

Lloyd's of London, the world's largest insurance market, recorded a 30% drop in profits on Wednesday, stressing that Britain shouldn't vote to leave the EU on 23 June.The company's annual report said...

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Terror attacks are boosting demand for a special type of insurance

LONDON (Reuters) - Rising risks in developed countries after a string of deadly attacks are driving up demand for specialist insurance to cover losses stemming from such events, putting upward pressure...

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People who drive these cars get ticketed the most

The website insurance.com reviewed insurance claims and traffic violation data for more than 323,000 drivers and found out which cars get ticketed the most. Produced by Eames YatesFollow BI Video: On...

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UBS: We love Berkshire Hathaway because it doesn't need Warren Buffett's...

Berkshire Hathaway doesn't need Warren Buffett quite as much as it used to.And this is great news, according to analysts at UBS.In a note to clients on Monday morning, UBS initiated coverage on shares...

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This report shows that the UK is more in love with pets than ever

The UK is famous for its love of pets, but the Association of British Insurers (ABI) has now put a price on that affection.According to a report by the insurance industry group, pet insurers paid out a...

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This company invented a piece of tech to more accurately predict when you'll die

One of the world's largest advisory groups, Willis Towers Watson, just created a new piece of technology designed to more accurately predict when you will die.But the piece of risk technology, called...

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Free webinar – Five ways fintech is shaping the future of financial services

Interest in Fintech has skyrocketed, spurred by venture capital investments totaling over $49 billion globally over the last 5 years. These disruptive technologies are transforming every area of...

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