Generative AI could make insurance sector more productive & more…Keep up with what has been happening this week in our latest insurance news round-up…

Generative AI could enable 71% of working hours in the insurance sector

‘Generative AI offers a compelling opportunity to create efficiencies and significant growth across the insurance sector in the UK,’ says insurance lead.

‘Oman’s insurance industry poised for steady growth, transformation’

Discussions on capital optimisation, investment strategies, and the impact of global economic shifts on the insurance sector would add significant value to finance leaders navigating today’s dynamic business environment.

Thai insurance sector assesses billion-baht damage after building collapse in quake

The Thai insurance sector is assessing damage estimated to exceed one billion baht following the collapse of a partially constructed State Audit Office (SAO) building during the recent earthquake.

RSA job losses loom in Peterborough as Nationwide switches to Aviva

RSA Insurance has announced plans that could lead to the loss of up to 250 jobs at its Lynchwood House office in Peterborough, following its decision to withdraw from the personal insurance market.

Allianz UK appoints chief underwriting officer and chief technical officer for Commercial

Allianz UK has announced two appointments to its Commercial arm, covering Mid Corp, Fleet and Digital/SME. Adam Lloyd will join as the new chief underwriting officer and Claire Buck as chief technical officer, a newly created role, both effective from 14 April.