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InsurTech news

Insurance and reinsurance technology related news, focused on the wave of interest in InsurTech start-ups, investing in insurance technology initiatives, as well as reinsurance tech start-ups or ReinsurTech.

WTW launches latest version of Radar software platform

11th December 2018

Willis Towers Watson has announced the launch of the latest version of its Radar software, a platform of products for property and casualty (P&C) insurer pricing teams, including actuaries and underwriters. WTW says Radar 4.2 gives insurers a future-proofed solution designed to achieve agile, sophisticated pricing, and a new level of ... Read the full article

Concirrus adds new COO Nick Roscoe from Marsh

7th December 2018

London-based insurtech Concirrus has appointed Nick Roscoe as its Chief Operating Officer. He joins to oversee company operations with a focus on ensuring customer success and to develop and strengthen the relationships that Concirrus has with partners delivering services within the market. Roscoe has spent over a decade as a Managing Director ... Read the full article

AIG’s Leandro DalleMule joins InsurTech start-up Planck Resolution

6th December 2018

Planck Resolution, an artificial intelligence (AI) based InsurTech start-up, has appointed Leandro DalleMule as General Manager for North America. DalleMule joins the firm from American International Group (AIG), where he most recently served as Chief Data Officer (CDO) and Head of Information, leading the insurer’s data transformative initiative. He started at AIG ... Read the full article

Digitalisation is resulting in more customer-centric insurance: GA report

5th December 2018

The increasing digitalisation of the economy is resulting in a shift from insurance that is primarily concerned with loss indemnification to one that provides a broader advisory service for customers on how to prevent, mitigate and manage risks, according to a report by international re/insurance think-tank The Geneva Association (GA). New ... 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

Consolidation will help re/insurers leverage digital investments: J.P. Morgan

4th December 2018

Further sector consolidation would allow re/insurers in the European market to better leverage investments in digital innovation by sharing the costs across a wider revenue base and creating economies of scale, according to analysts at J.P. Morgan. A recent report by the firm suggested that, while investment in digital is growing ... Read the full article

Lloyd’s Lab commences new global search for InsurTech talent

4th December 2018

Lloyd’s Lab, the innovation accelerator launched by the Lloyd’s market in September, has commenced a new global search for its latest cohort of InsurTech talent. The program is hoping to attract entrepreneurs and start-ups that are capable of developing technology driven products, platforms and processes to help overcome the challenges ... Read the full article

Re/insurers shouldn’t fear replacement by technology: Beazley CEO Horton

3rd December 2018

The re/insurance industry is facing a major disruption by technology, but new capabilities such as automation will ultimately complement, rather than replace, the work done by re/insurers, according to Andrew Horton, Chief Executive Officer (CEO) of Beazley and Chairman of the London Market Group (LMG). “We’re definitely facing a disruption by ... Read the full article

Verisk to acquire Rulebook for $87mn

3rd December 2018

Data analytics provider Verisk has signed a definitive agreement to acquire Rulebook, a provider of business intelligence and software solutions for the London Insurance Market. The reported purchase price is $87 million in cash, funded through cash on hand and existing bank facilities, with the deal expected to close in the ... Read the full article

Insurtech helps Swiss Re make client relationships stickier, says CEO

30th November 2018

New technological capabilities and InsurTech partnerships are allowing Swiss Re to create stickier and more flexible relationships with its clients, according to the company’s Chief Executive Officer (CEO), Christian Mumenthaler. Speaking in an interview with Bloomberg TV, Mumenthaler noted that a lot of money has been poured into InsurTech over the ... Read the full article

Zurich partners with claims insurtech Snapsheet

28th November 2018

Zurich Insurance Group is partnering with Snapsheet, a provider of virtual claims technology, as it looks to streamline its customer experience and drive new and innovative tech implementations. Snapsheet’s software as a service (SaaS) platform allows intake of information from various customer channels including e-mail, text, or a web and mobile ... Read the full article

Allianz Global Corporate & Specialty partners with insurtech Praedicat

28th November 2018

The Allianz corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), is partnering with insurtech analytics firm Praedicat to give policyholders access to ChemMeta, a software solution delivering science and regulatory risk analytics for industrial companies. ChemMeta leverages natural language processing and machine learning to “read” and convert high volumes of ... 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

TransRe to partner with insurtech Concirrus on marine reinsurance programs

26th November 2018

Transatlantic Holdings, the reinsurance arm of the Alleghany Corporation, is to partner with London-based insurtech Concirrus on the development of data-driven reinsurance programs for marine insurers. To better assess risk across its portfolio TransRe will be leveraging Concirrus’ Quest Marine insurance software. Quest provides a single web application to allow commercial ... 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

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