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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.

ZhongAn eyeing insurtech expansion in Asia, belt & road countries

30th December 2019

China’s largest online-only insurer ZhongAn sees as an abundance of opportunities to export insurance technology across Asia and various Belt and Road countries. Bill Song, Chief Executive Officer of ZA Tech Global Limited, an operating entity established by ZhongAn, has noted the firm’s strong track record in China in terms of ... Read the full article

Insurtech Neptune Flood adds Jean-Luc Eckstein as Executive Director

24th December 2019

Neptune Flood Incorporated, an insurtech firm focused on the flood market, has announced the appointment of Jean-Luc Eckstein as Executive Director. He joins Neptune Flood from CDW, a Fortune 500 technology solutions provider, where he served as International Client Strategy Manager, overseeing a team responsible for cross border technology sales. In his ... Read the full article

New tech unlocks opportunities for SME insurance: Goldman Sachs

16th December 2019

Technological developments are increasingly enabling large re/insurance companies to overcome challenges that had previously prevented them from making more inroads into the small commercial market (SME) space, according to Goldman Sachs. Analysts noted that the SME insurance marketplace is seen as an attractive segment for larger companies due to its more ... Read the full article

AXA XL partners with insurtech Slice, Microsoft on cyber solution

13th December 2019

AXA XL, the property and casualty and specialty risk unit of AXA, is partnering with cloud-based insurtech firm Slice Labs to help improve the cyber resilience of Microsoft 365 Business, Office 365 Business Premium and Office 365 Business customers. The collaboration, aimed at servicing small to medium sized businesses, will give ... Read the full article

CoreLogic integrates HOVER 3D tech into underwriting platform

10th December 2019

Property information and analytics provider CoreLogic has announced the integration of HOVER property measurement and 3D technology into its 'UnderwritingCenter' platform for insurance clients. Via the HOVER app users are able to send images of a property and receive accurate measurement, including the total living area down to the inch, as ... Read the full article

Liberty Mutual taps big data via new insurtech partnership

9th December 2019

Liberty Mutual’s National Insurance operation has announced that it plans to harness big data capabilities via a new partnership with Intellect SEEC, the insurance software division of fintech firm Intellect Design Arena. Through this relationship, Liberty Mutual underwriters and risk managers will gain automated access to thousands of third-party data sources, ... Read the full article

Re/insurance held back by innovation inertia, says expert panel

5th December 2019

Innovation represents a huge opportunity for the re/insurance industry, but has been held back by complacency and an “insidious form of inertia,” according to a panel of market experts. These comments came as part of a discussion on the direction and pace of innovation and technology in re/insurance at a recent ... Read the full article

Arch’s Aaron Woodhams joins iprism as underwriting manager

4th December 2019

Technology-driven underwriting agency iprism has announced the appointment of Aaron Woodhams to the newly created role of underwriting manager, effective immediately. Woodhams joins from Arch’s Lloyd’s Syndicate 2012 and brings over 20 years’ experience to the role. He will be responsible for leading iprism’s operational underwriting function, applying pricing strategy and managing ... Read the full article

Hyperion X opts for Reltio Cloud to enhance data capabilities

4th December 2019

Hyperion X, the data and technology focused unit of the global Hyperion Insurance Group, has selected software as a service (SaaS) provider Reltio Cloud as the core client data platform to power its data and analytics capabilities. The company believes Reltio Cloud will enable it to better personalise product and service ... Read the full article

SageSure names Paul VanderMarck as Chief Tech & Innovation Officer

3rd December 2019

SageSure Insurance Managers, an independent US residential property managing general underwriter, has announced the appointment of Paul VanderMarck as Chief Technology and Innovation Officer. In this role, VanderMarck will lead the teams responsible for SageSure's proprietary technology platform. He will also drive the company's broader innovation strategy, including developing partnerships with emerging ... Read the full article

Aspen’s Daniel Berry named Underwriting & Pricing Director, Coverly

2nd December 2019

Coverly, the pay-as-you-go InsurTech provider of on-demand insurance for small and medium sized enterprises, has appointed Aspen Risk Management Ltd.'s Daniel Berry as Underwriting and Pricing Director. Coverly launched in February and has since experienced significant growth, which is set to continue in 2020 with two new appointments. Berry brings 15 years ... Read the full article

The Hartford enhances Internet of Things Innovation Lab

28th November 2019

Property and casualty insurer The Hartford has expanded its Internet of Things (IoT) Innovation lab and capabilities to improve workplace safety and help reduce property damage. The company utilises network-connected devices in businesses and homes to reduce and mitigate hazards such as unsafe working conditions or water damage from broken pipes. For ... Read the full article

Hiscox expands partnership with insurtech INSTANDA

28th November 2019

Specialist re/insurer Hiscox has expanded its partnership with INSTANDA, the cloud-based digital insurance platform. This enhanced partnership is designed to build critical distribution through the deployment of the INSTANDA platform and has been extended to manage both direct-to-consumer and broker products in four countries. This announcement follows the successful launch of Hiscox’s ... Read the full article

Willis Towers Watson adds ICE InsureTech to Radar Live program

27th November 2019

Re/insurance broker Willis Towers Watson has announced that ICE InsureTech has become the latest vendor to join its global Radar Live Collaboration program. As a Radar Live collaborator, ICE Insuretech will have the ability to deploy Radar Live’s specialist insurance rating and rules solutions. Willis Towers Watson believes that its Radar Live ... Read the full article

LiquidX welcomes Great American Insurance to electronic platform

26th November 2019

LiquidX, the international network for illiquid assets, has announced the addition of Great American Insurance Group and subsidiary FCIA Management to its trade credit insurance marketplace. The recently-launched platform enables insureds to electronically and directly access the trade credit underwriting market for their insurance requirements, and is open to any interested ... Read the full article

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