Reinsurance News
Fintech
Arbol hires Kornberger as Chief Revenue Officer & Deputy CFO
3rd May 2022
Insurtech platform and FinTech company Arbol has announced the appointment of Charlie Kornberger, who joins the company as Chief Revenue Officer and Deputy Chief Financial Officer (CFO). Within these roles, Kornberger will oversee all revenue generating programs and operations for Arbol and its subsidiaries. Kornberger joins Arbol from Standard Chartered Bank, where ... Read the full article
Arbol transacts $70mn in GWP in 2021
22nd February 2022
InsurTech platform and FinTech company Arbol has reportedly transacted $70 million in gross written premiums in 2021, marking significant growth and traction for the Arbol platform, which in 2020 transacted $15 million in notional risk and $2.2 million in gross premium. Highlighting Arbol’s focus on a sustainable business model, the company’s ... Read the full article
Allianz and WeLab enter into strategic partnership
9th March 2021
Global insurer Allianz and Asian fintech company WeLab have entered into a strategic partnership to encourage fintech collaboration across Asia's financial services landscape. WeLab operates multiple online financial services with leading positions in Hong Kong, Mainland China, and Indonesia including digital banking and consumer finance businesses, with close to 50 million ... Read the full article
Farmers Insurance takes minority stake in fintech company Jetty
28th January 2021
Farmers Insurance Group has deepened its relationship with Jetty via an equity investment in the fintech company, designed to further enhance Jetty's existing products and to support the development of new fintech solutions. The investment comes roughly seven months after it was revealed that Toggle Insurance, a subsidiary of Farmers Insurance, ... Read the full article
Tencent applying for reinsurance license in China: Report
28th October 2020
Giant Chinese technology conglomerate and fintech company Tencent is applying for a license to operate a reinsurance entity in China, according to reports in local media. It's a natural step for the company which has already expanded successfully into direct to consumer insurance business. Tencent has leveraged its deep connections with customers ... Read the full article
Farmers Insurance to reinsure policies for fintech Jetty
24th June 2020
Jetty, a fintech company that helps property managers increase lease conversion, reduce bad debt, and streamline operations, has announced a new deal with Farmers Insurance. Under the terms of the deal, Toggle Insurance Company, a Farmers Insurance company, will become the exclusive reinsurance provider for all new policies written under Jetty's core ... Read the full article
London Market under threat from tech savvy competition: NTT DATA UK
25th November 2019
The London Market is ready to embrace technological change and innovation, but there are concerns that the market could fall behind more technologically capable competition, according to research from NTT DATA UK. Based on a survey of 100 individuals, ranging from brokers to managing agents and syndicates, NTT DATA UK reported ... Read the full article
AIG to back new media finance vehicle by fintech firm FastPay
6th September 2019
Global insurer American International Group (AIG) is to provide funding and trade insurance for a new receivables securitisation program launched by financial technology firm FastPay. The program will offer significant capital to the media and technology sector and allow FastPay to open the door for larger, global media and tech clients ... Read the full article
Tokio Marine partners with Plug and Play in Singapore
19th August 2019
Tokio Marine Holdings, the largest property and casualty (P&C) insurance group in Japan, has announced a new partnership with Plug and Play’s insurtech program in Singapore. Plug and Play is a Silicon Valley-based innovation platform and venture fund that specialises in the development of early-to-growth stage technology startups. It has had a ... Read the full article
BlackFin invests €2mn in launch of Descartes Underwriting insurtech
6th February 2019
BlackFin Capital Partners has invested €2 million in the launch of Descartes Underwriting, a new B2B insurtech company based in Paris. Descartes functions as a Managing General Agency (MGA) and works with brokers to underwrite insurance policies on behalf of first-tier re/insurance and insurance-linked securities (ILS) funds. The firm designs innovative insurance ... Read the full article
Incumbent insurers need to embrace tech, innovation: Simplitium
24th January 2019
Innovation across the insurance industry is about more than just new technologies and solutions, but includes behaviours and attitudes. And while incumbent insurers are increasingly looking to purchase InsurTech firms, there's a risk of complacency, according to James Lay and Matthew Jones from Simplitium, a provider of risk analysis. In a recent ... Read the full article
Fintech firm Certua launches Enterprise Insurance platform
5th December 2018
Financial technology firm Certua has announced the launch of its Enterprise Insurance platform, which will allow companies to access its full service platform via API. Certua’s offering allows companies to get new insurance products to market quicker and enables insurers and reinsurers to access new digital markets by removing technological barriers ... Read the full article
Insurtech Bindable gets investment from EPIC, Motive Partners & Wafra
27th November 2018
Insurance technology firm Bindable has received an investment from EPIC Holdings, the corporate parent that oversees all of the investments across the EPIC insurance platform, alongside institutional and private equity specialists. The EPIC platform includes EPIC Insurance Brokers & Consultants as well as program business, MGA/MGU, warranty and insurtech initiatives. In this ... Read the full article
Chinese InsurTech firm WeSure partners with 20 re/insurers
23rd November 2018
WeSure, the insurance platform owned by Chinese investment conglomerate Tencent, has expanded its line of products and formed partnerships with 20 insurance and reinsurance companies. The firm's platform is hosted in the WeChat Mini Program ecosystem, part of Tencent's Chinese multi-purpose messaging application that has more than one billion monthly users. WeSure ... Read the full article
Scientific progress is expanding the ‘sphere of insurability’: SCOR’s Denis Kessler
19th October 2018
The development of new technologies and scientific research are the key factors driving the growth and transformation of the risk universe, and have required re/insurers to significantly expand their “sphere of insurable risks,” according to Denis Kessler, Chief Executive Officer (CEO) of SCOR. In his opening presentation at SCOR’s 2018 Annual ... Read the full article
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