Reinsurance News
digital
Lacklustre digital experience an issue for UK insurance customers: PwC
10th October 2022
According to the latest UK Insurance Sentiment Index conducted by PwC in collaboration with DataEQ, inaccessible digital platforms and a lack of online service capabilities are impeding the overall customer experience for UK-based insurers. The index analysed over 335,000 public tweets regarding 15 of the country’s major insurers, highlighting that the ... Read the full article
Re/insurers can help improve mental health resilience: Swiss Re
2nd August 2022
Insurers can play a key role in strengthening mental health resilience, according to a new report from analysts at Swiss Re Institute. A recent survey from Swiss Re highlighted that the COVID-19 pandemic has impacted mental health wellbeing in Europe, with 40% of those below the age of 35 reporting a ... Read the full article
CFC added to Sayata’s digital distribution platform
2nd August 2022
Sayata, a marketplace for insurance brokers and carriers, has announced the addition of CFC – a specialist insurance provider, to the Sayata platform. The addition of CFC to the platform will offer brokers full access to CFC’s award-winning cyber insurance offering for small and medium businesses (SMBs). CFC’s cyber insurance solution offers ... Read the full article
On matching risk with capital in insurance
18th July 2022
The insurance industry has acquired a reputation for sluggishness. In my experience, however, the appetite to embrace change among insurers and reinsurers is strong. Especially when there is the very real prospect of improving the offering to customers, the products, the way businesses operate, and the efficiency of capital. Despite a number ... Read the full article
Stere expands into LatAm insurance market
28th June 2022
Digital insurance ecosystem Stere has expanded its operations to the Latin America insurance market, the company announced. Based in Brazil Stere has said it will use its new presence to serve regional embedded and affinity clients such as tech platforms, banks, online marketplaces, superapps, and member-based organisations. Stere has entered the market ... Read the full article
AXA launches strategic program to build Digital Commercial Platform
16th June 2022
Global insurer AXA, has announced the launch of a strategic program to build a Digital Commercial Platform, which will aggregate different services to transform the company’s value proposition to better serve its commercial customers, in line with AXA’s Driving Progress 2023 strategic plan. The ambition of the platform is to fully ... Read the full article
Zurich’s International Programs business goes digital
16th June 2022
Zurich Insurance Group (Zurich) has announced the digitalisation of its International Programs business. According to the group, the transformation to its program workflow will significantly enhance customer and broker experience and allow for a more efficient, seamless and sustainable collaboration. The digital exchange of data between ... Read the full article
Rising rates killing digital transformation in P&C sector
8th June 2022
Rising rates have killed off the property and casualty industry’s digital transformation, according to JD Power. The firm, in releasing JD Power 2022 US Insurance Digital Experience Study, says that customer satisfaction with insurers’ digital offering has declined this year despite the investment by firms in websites and mobile apps. Robert M. ... Read the full article
EY & FINEOS form alliance to drive smart digital transformation
25th May 2022
Multinational professional services network, Ernst & Young (EY) has announced an alliance between global market leader of core systems for life, accident and health insurers – FINEOS, and Ernst & Young Business Consultants (EY Ireland). The alliance between the companies will help carriers achieve smart digital transformation, as well as bringing ... Read the full article
Munich Re & Real Vida Seguros to deliver digital life insurance underwriting project in Portugal
19th May 2022
Global re/insurer Munich Re and Real Vida Seguros have announced the execution of a practical and innovative digital underwriting solution, based on technology developed by a subsidiary of the former, to serve the Portuguese life insurance market. The new system is based on tech created by Munich Re Automation Solutions, part ... Read the full article
Whitespace platform extends data capabilities through new update
16th May 2022
Digital e-trading platform, Whitespace has announced that it has extended its defined data capabilities with its new update, Release 2.4.1. This further development extends the platforms defined data tagging abilities, offering contracts that are fully core data record (CDR) compliant, which will enable huge standardisation of data and reduced repetition and ... Read the full article
Sapiens partners with Mindtree to drive insurance digital transformation
28th April 2022
Technology services company, Mindtree and Sapiens International Corporation, a leading global provider of software solutions for the insurance, banking and financial services industries, has announced a partnership to help insurance companies drive digital transformation. Through the combination of Mindtree’s deep domain knowledge and expansive delivery capabilities, and Sapiens’ industry-leading, cloud-native, core ... Read the full article
Munich Re to provide reinsurance for digital asset product – OneInfinity
11th April 2022
German reinsurance giant Munich Re has announced that it will provide reinsurance capacity and technical underwriting support for the digital asset insurance product – OneInfinity. This comes after Munich Re announced that it has entered into a three-year strategic partnership with virtual insurer, OneDegree Hong Kong Limited (OneDegree) to launch the ... Read the full article
Lloyd’s CFO to take on COO duties
17th January 2022
Lloyd’s CFO Burkhard Keese is lining up to take on COO duties when incumbent Jennifer Rigby departs towards the end of this month. The new structure, under which Keese will maintain both roles, is being put in place to facilitate the delivery of Lloyd’s Blueprint Two programme. That programme is the second ... Read the full article
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