Tristan Insures

Did you know that motor insurance makes up roughly one third of the total global insurance premiums taken by insurers? Did you know that driverless cars are due to bring accident rates on the worlds roads down by 99% ? (If countries and road systems were to fully implement driverless vehicles). The vehicles will be on the streets of our towns and cities sooner rather than later, the only thing stopping them is legislation, the technology is ready. Therefore basic mathematics points towards the insurance market taking a huge hit in the coming years. There isn't a glowing silver lining either, the claims that will likely occur involving driverless vehicles will be system related, 3rd party hacking or breakdown, usually low frequency events but high pay out, meaning prediction and pricing will be wayward for at least the first 3 years. While this may mean (in a fair world) super low insurance premiums for driverless car owners, what happens to those of us stu...

There is no such thing as a GDPR expert, they simply don’t exist, the changes are too wide ranging and grey to be understood and then explained to a proficient standard. There are however people who are qualified to offer educated interpretation of what GDPR will mean for businesses in the UK and in fact the rest of the world. I am not one of those people, I understand tranches of GDPR effects, limitation and fines, however I would not be able to advise outside of an insurance capacity. What little I do know however is that when GDPR kicks in next year, there will be fines and penalties galore (Up to €20,000,000 or global turnover to be precise), starting with the bigger entities and trickling down. Gloucester City council was recently fined £100,000 for the loss of 30,000 emails. " Gloucester City Council fined £100k over mailbox hack A council has been fined £100,000 after 30,000 emails containing sensitive information were downloaded. The ...