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.
Lloyd’s has been too slow reacting to change: CEO John Neal
7th November 2019
Lloyd’s has not reacted quickly enough to changes in the risk landscape and must offer products and services that are more closely aligned with what customers want and need, according to Chief Executive of the marketplace John Neal. Speaking at a lecture today in Lloyd’s Old Library building, Neal emphasised the ... Read the full article
Concirrus names Adrian Turner as CFO
6th November 2019
InsurTech Concirrus has appointed Adrian Turner, previously of Guidewire, as its new Chief Financial Officer (CFO), reporting the firm's Chief Executive Officer (CEO), Andrew Yeoman. Turner brings more than two decades of industry experience to the role and joins from Guidewire, where he most recently served as International Finance Director. In ... Read the full article
AXIS Capital invests in health insurtech firm HealthCare.com
6th November 2019
Bermudian insurance and reinsurance firm AXIS Capital Holdings Limited has invested in health insurance-technology firm HealthCare.com. AXIS Capital participated in the insurtech’s Series B round of funding alongside CNO Financial Group and Second Alpha Partners, a New York-based private equity firm specialising in technology-enabled companies. The investment round brings HealthCare.com’s total capital ... Read the full article
Insurtech firm Quantemplate redomiciles to US
1st November 2019
Quantemplate, a provider of cloud-based automated data solutions for the re/insurance industry, has announced plans to redomicile from the UK to the US. Going forward, the company will maintain its offices in London but will be headquartered in New York City. With approximately 60% of its customers based in the US, Quantemplate ... Read the full article
Nassau selects digital administration platform from SE2
31st October 2019
Nassau Financial Group, L.P. has selected the digital platform from SE2, a third-party administration (TPA) services provider, to convert and manage existing life and annuity policies across multiple legacy systems. The SE2 Aurum platform is designed to enhance customer experience, optimise cost structure, and increase speed-to-market for future products. SE2 currently manages ... Read the full article
EverQuote & InsurTech Bold Penguin partner on launch of commercial market
29th October 2019
EverQuote, Inc., an online market for insurance shopping in the U.S., has entered into a new partnership with InsurTech innovator Bold Penguin on the launch of its commercial lines marketplace. Bold Penguin targets increased speed-to-bind for commercial insurance via platforms that enhance connections between all parties, ultimately reducing friction in the ... Read the full article
AEGIS London launches digital trading division
28th October 2019
Lloyd’s managing agency AEGIS London has launched a digital trading division as the firm looks to build on the success of its online quote-and-bind platform Opal. AEGIS London’s head of digital trading Tom Squires will lead the new division with support from digital trading manager Angus Turner and Phil Lucas, business ... Read the full article
Swiss Re’s iptiQ is fuelled by the protection gap, says CEO Walker
24th October 2019
iptiQ Americas, a wholly owned subsidiary of reinsurance giant Swiss Re, is focused on helping to close the huge and growing life and health protection gap, explained the Chief Executive Officer (CEO) of the firm, Philip Walker. Speaking with Willis Re as part of the reinsurance broker's latest quarterly InsurTech ... Read the full article
Willis Tower Watson accounting platform hits $20bn premium, powered by Ebix
24th October 2019
Willis Accounting, the carrier interface from Willis Towers Watson, has now seen over $20 billion of premium submitted in its four years since inception. The service is powered by the electronic platform EbixExchange from Ebix Europe, an international supplier of On-Demand software and E-commerce services to the re/insurance, financial, healthcare, and ... Read the full article
Insurtech investments already ahead of 2018 at $4.36bn: Willis Towers Watson
23rd October 2019
New funding commitments to the insurtech sector totalled $4.36 billion during the first three quarters of 2019, according to Willis Towers Watson. This figure is already 5% up on the total amount of investments in insurtech during the previous year. The broker recorded 239 total transactions across the year so far, 83 ... Read the full article
Reinsurance News Monte Carlo Executive Roundtable 2019
23rd October 2019
Introducing Reinsurance News’ first ever Monte Carlo Rendezvous Roundtable event, where industry executives examined disruption, catastrophe modelling and other key fundamental shifts currently sweeping the market. With our executive panel spoilt for topics to pick apart and discuss, focus first settled on the record catastrophe years in 2017 and ... Read the full article
Munich Re sees new possibilities for managing risk in data & AI
21st October 2019
Reinsurer Munich Re sees data analytics and artificial intelligence as key tools to open up new possibilities for managing and covering risk, and for supporting insurers across the entire value chain. “At Munich Re, our goal is to pioneer digital solutions for the insurance industry,” said Doris Höpke, Member of the ... Read the full article
Reinsurance leaders reflect on Industry 4.0 readiness at Baden-Baden
21st October 2019
At a symposium hosted by reinsurance brokerage Guy Carpenter at this year’s Baden-Baden conference, senior re/insurance figures provided a range of insights into the industry’s readiness to adapt and harness the benefits inherent to the tech-driven Industry 4.0. With the needs of clients in constant flux and business efficiency and interconnectedness ... Read the full article
Swiss Re Corporate Solutions & Brokerslink partner on business platform
18th October 2019
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re Group, has agreed to develop a dedicated international insurance program management platform for the Brokerslink network. Brokerslink combines a global broking company with a worldwide network of independent brokers and risk consultanceis, comprising around 18,000 individuals. The new business ... Read the full article
Up to 85% of insurtechs could fail, says Starr CEO Greenberg
17th October 2019
Maurice R. Greenberg, Chairman and Chief Executive Officer (CEO) at Starr Insurance Companies, believes that up to 85% of budding insurtech firms are likely to fail. Speaking in an interview with AM Best TV, Greenberg explained that Starr was embracing technological change via investments into new start-ups, but remained realistic about ... Read the full article
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