The BBC reports that Lloyd’s of London will establish a new European subsidiary in Brussels to avoid losing business when the UK leaves the EU. The 329-year-old insurance market confirmed the plan as it released its latest annual results which revealed a profit of £2.1bn in 2016, the same as 2015. It said conditions over [...]

US based nextinsurance has launched what it claims to be the world’s first ever chatbot for small business insurance. In partnership with SmallTalk, nextinsurance has developed a fully functioning chatbot for Facebook Messenger to make the sign up for insurance fast and easy. In a website blog no its website, the company states: ‘When you [...]

The mobility market is evolving rapidly away from a car ownership-centric model to one that is car-access centric according to Frost & Sullivan. Technology disruptions and changing customer preferences are aggressively driving original equipment manufacturers (OEMs) toward new business models and service solutions that are application based, on demand, and encourage access over ownership. Most [...]

Uber plans to withdraw from Denmark in April because of new taxi laws that require drivers to have fare meters and seat sensors. The service, scheduled to shut down on 18 April, currently has 300,000 ‘riders’ using its app with around 2,000 drivers in circulation. In a statement Uber said, ‘For us to operate in [...]

Chinese tech giant Tencent has invested £1.4bn in Tesla giving it a five per cent stake in the business. Tencent, one of Asia’s largest technology firms and best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud computing and online financing. The business has backed several [...]