Reinsurance News
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.
bolttech names Jens Schädler new CEO for Europe
6th January 2023
International insurtech bolttech has announced the appointment of Dr. Jens Schädler as Chief Executive Officer (CEO), Europe. He will be succeeding Andrew Cons, whose time at the company has come to an end after four years. Based in Switzerland, Dr. Schädler will provide strategic leadership across bolttech’s Europe operations, driving new and ... Read the full article
CNA Hardy targets tech businesses with new cyber suite launch
5th January 2023
CNA Hardy, a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets, has launched Technology Package +, the latest addition to its specialist technology product suite. The company stated that Technology Package+ offers a completely updated, comprehensive suite of coverages including advanced cyber cover tailored to the ... Read the full article
Traditional re/insurers well-positioned in difficult tech market: Sprout.ai
21st December 2022
Roi Amir, CEO of insurtech Sprout.ai, has noted that traditional re/insurers that are able to leverage brand and technology will “be the winners” in 2023 and beyond, as tech start-ups continue to struggle amid a huge drop in funding across industries. Amir explained that 2022 has seen tech funding fall across ... Read the full article
B2B fintech Bondaval raises $15 Million in Series A funding round
16th December 2022
London-based B2B fintech Bondaval has raised $15 million in a Series A Round, led by Talis Capital. Investors in the round include existing shareholders Octopus Ventures, Insurtech Gateway, TrueSight, and Expa, as well as new investors, Talis Capital, FJ Labs, and Broadhaven Ventures. Bondaval explains that it will utilise the financing to ... Read the full article
P&C industry hits speedbumps on road to digitalisation: J.D. Power
14th December 2022
Property and Casualty (P&C) insurance has encountered several obstacles on the road to the industry’s digital transformation, a recent study by J.D. Power found. According to the 2022 U.S. Claims Digital Experience Study, overall satisfaction with the digital claims process has declined for a second consecutive year as insurers struggle to ... Read the full article
Accelerant adds Paul Little to its Board of Directors
14th December 2022
Insurtech Accelerant names Protecdiv COO Paul Little to Board of Directors. Little brings more than three decades of leadership and management experience in the insurance, reinsurance and risk analytics industries, towards the role Previously, Little founded and served as President of Maxfield Risk Consulting, where he specialized in risk management and analytics ... Read the full article
Chubb to launch new tech hub in Greece
13th December 2022
Property and casualty insurer Chubb has announced plans to launch a new technology services center in Thessaloniki, Greece in early 2023. Technical engineers and developers employed at the center will look to drive initiatives in areas such as intelligent process automation, machine learning, cloud, and data analytics, as well as cybersecurity ... Read the full article
DXC unveils new broking platform, announces Lockton as first customer
12th December 2022
DXC Technology has unveiled its new global digital broking platform – DXC Assure Broking, with independent insurance brokerage, Lockton as it’s first customer. Lockton is using DXC’s cloud-based platform for its UK retail business with a view to expanding across other geographies and sectors. Running on Amazon Web Services (AWS), DXC Assure ... Read the full article
Munich Re to launch behavioural rating services platform
12th December 2022
Global reinsurer Munich Re and JiuGe Technology, subsidiary of mobile data and services company FingerMotion, are ready to launch their new behavioural rating services platform for commercial use. Through a proprietary behaviour intelligence system developed by "Sapientus", the analytic innovation development arm of FingerMotion, the partner companies said they will bring ... Read the full article
Mosaic partners with Safe Insurance to launch cyber risk platform
12th December 2022
Underwriting company, Mosaic Insurance has partnered with Safe Security to use its award winning SAFE platform to help underwrites evaluate cyber risks for brokers and insureds. The platform offers a real-time view of the extent and nature of a company’s enterprise-wide cyber risk, allowing the most accurate exposure analysis, coverage, and ... Read the full article
Tremor claims half of capacity authorised within one day
9th December 2022
The online reinsurance pricing and placing platform Tremor Technologies says that half of participating reinsurers authorise capacity within a day, with full program capacity received in fewer than three days. Sean Bourgeois, CEO of Tremor, said: “Tremor’s market design enables efficient pricing and allocation of reinsurance programs competitively. Many 1/1 programs ... Read the full article
The Ardonagh Group selects AutoRek to drive efficiency
9th December 2022
The Ardonagh Group has selected AutoRek, a leading software provider to global financial services firms, as the group is looking to drive efficiency in key back and middle office Insurance Broker Accounting (IBA) processes using intelligent automation technology. According to the annoucement, the initial scope for AutoRek will be to support ... Read the full article
Zywave launches new solution for insurer & broker partnerships
8th December 2022
Insurtech leader, Zywave has launched a new solution for the insurance market aimed at enhancing the value delivered by insurers, MGAs, and third parties to the UK retail broker market. The offering is an extension to Zywave’s Broker Briefcase, a tool which is used to support brokers in their sales, marketing ... Read the full article
NEXT Insurance appoints Rhodes as Chief Insurance Officer
7th December 2022
NEXT Insurance a leading digital insurtech company has appointed Chris Rhodes as the company's first Chief Insurance Officer. Within this role, Rhodes will use his extensive industry experience to focus on the insurance function to support product development, elevate the claims automation experience and help connect profit management and loss ... Read the full article
Milliman adds new tools to Arius insurtech software
7th December 2022
Global consulting and actuarial firm Milliman has released the latest version of its Arius insurtech software solution, a reserve analysis system for property and casualty insurers and large self-insureds. The new release provides significant enhancements to the systems' analytical and reporting capabilities. This update includes tools to help actuaries and insurance analysts ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
