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.
Concirrus recruits Chief Analytics Officer from Aon
16th November 2021
Insurtech Concirrus has announced the appointment of former Aon director Brian MacInnes as its new Chief Analytics Officer. MacInnes has spent the last 12 years at Aon, most recently focused on building out Portfolio Solutions and analytics capabilities within the broker’s London Market wholesale insurance business. At Concirrus, he will own the ... Read the full article
Insurers will need to accelerate their evolution: S&P
16th November 2021
According to the 2022 Insurance Industry Outlook Report from S&P Global Market Intelligence, insurance companies will need to accelerate the evolution of everything from distribution and pricing to customer and investor relations. Analysts at S&P reported several key themes for the insurance industry that include emerging perils, the evolving nature of ... Read the full article
Greenlight Re Innovations backs title insurtech Blueprint
12th November 2021
Greenlight Re Innovations, part of Greenlight Capital Re, has invested in Blueprint, a full-stack title insurer focused on the digitalisation and integration of new technologies into the industry. More specifically, Blueprint reduces the historically-outsized expense ratios associated with title insurance by centralising underwriting and agency operations under a full-stack carrier. The company ... Read the full article
Chaucer, parametric insurtech Yokahu partner on microinsurance product
10th November 2021
Chaucer, a global specialty re/insurance group, has teamed up with parametric insurtech Yokahu on a microinsurance product aimed at providing relief following hurricane events in the Caribbean. In the event of a hurricane, Yokahu monitors wind speed at customers' location and the atmospheric pressure at the centre of a hurricane, allowing ... Read the full article
Carbon Underwriting secures BOOST&Co investment
9th November 2021
London’s Carbon Underwriting is eyeing new business lines and the development of its data-driven underwriting platform following significant funding from alternative lender BOOST&Co. Carbon will also use the investment for working capital purposes and to bolster its underwriting and leadership teams. BOOST&Co provides growth capital for UK SMEs covering a wide range of ... Read the full article
Swiss Re CorSo’s PULSE platform to be deployed by MSIG
8th November 2021
Swiss Re Corporate Solutions’ PULSE platform is set to be leveraged by Tokyo-headquartered commercial insurer MSIG in an effort to help improve the way it structures and manages customers' multinational insurance programs. MSIG's customers will also be able to access self-service tools to manage and view their global risks and coverages ... Read the full article
Reinsurance tech adoption a mixed bag, but opportunity is huge: Webcast
5th November 2021
As the push for efficiency, digitalisation and innovation continues to gain traction in the global reinsurance industry, leaders and executives from across the risk transfer and technology sectors are optimistic about the future. Yesterday, we hosted a live webcast alongside sister publication Artemis, and in association with ... Read the full article
Concirrus completes acquisition of Spark Insights
4th November 2021
Insurtech firm Concirrus has completed its acquisition of Spark Insights, a provider of decision analytics to the insurance market. Spark Insights was founded in 2018 by A insurtech expert Ira Scharf with the aim of using AI, machine learning and computer vision combined with satellite-based remote sensing and global earth observations ... Read the full article
Lemonade Car launches as insurtech looks to reward low-milage drivers
3rd November 2021
AI-powered insurtech Lemonade has announced the launch of Lemonade Car, a smartphone app designed to leverage telematics in order to reward safe and low-mileage drivers. Lemonade Car is now available in Illinois with an eye on its rollout nationwide. The app promises to measure how much and how safe people drive, as ... Read the full article
Insurtech Kettle recruits Chief Distribution Officer from Ariel Re
3rd November 2021
Kettle, a reinsurance MGA start-up powered by deep learning technology, has announced the appointment of Amit Shah as Chief Distribution Officer. Shah has over 20 years experience in the industry, and joins Kettle from Ariel Re, where he was Head of Specialty. His previous experience includes working at Argo Re, Guy Carpenter, ... Read the full article
Descartes opens London office, appoints AXA XL’s Paul Jones to lead
1st November 2021
Climate risk modelling insurtech Descartes Underwriting has opened a London office to be led by Paul Jones as business development director - UK & Ireland. Jones brings 20 years’ experience to the role and most recently served at AXA XL. He will now look to expand Descartes’ parametric insurance coverage within both ... Read the full article
Insurtech FloodFlash secures further Munich Re investment
1st November 2021
Munich Re is to provide capacity for the principal business of parametric flood insurtech FloodFlash, which aims to provide rapid-payout flood cover for SMEs and landlords. This is not the first time these two companies have crossed paths; the global reinsurer provided capacity for FloodFlash’s consultancy service in 2020. FloodFlash+ saw ... Read the full article
MetLife France adopts ALLFINANZ suite from Munich Re Automation Solutions
28th October 2021
Munich Re Automation Solutions, a provider of insurtech solutions to the life insurance industry, has announced a new partnership with MetLife France, which has adopted the ALLFINANZ product suite to digitise its life insurance underwriting process. ALLFINANZ, with automated underwriting and analytics solutions, is expected to increase MetLife France’s straight-through-processing rate, ... Read the full article
Swiss Re eyes stake in India’s Paytm Insuretech for $123mn
27th October 2021
According to local reports, reinsurer Swiss Re is planning to make a Rs 920 crore (USD 123 million) investment in the Paytm Insuretech Private Limited (PIT) business of Indian financial services firm Paytm, through which it will take a 23% stake in the initiative. Paytm, which specializes in digital payment systems, ... Read the full article
Insurtech set for record-breaking 2021 as investment tops $10.5bn, reports WTW
27th October 2021
2021 has now overseen a record-breaking $10.5 billion in insurtech investment raised during the first three quarters, according to a Willis Towers Watson (WTW) report. In fact, a further $12 million will ensure 2021 equals the amount of capital invested during the entirety of 2018 and 2019 combined. WTW’s report states that ... Read the full article
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