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.
Technology is Swiss Re’s solution to market challenges: Ojeisekhoba
25th March 2019
Swiss Re views the integration of new technologies as both a critical opportunity for growth and the solution to many of the challenging market conditions that have tested the re/insurance industry in recent years. This is according to Moses Ojeisekhoba, CEO of Reinsurance at Swiss Re, who told Reinsurance News that ... Read the full article
Concirrus adds former Munich Re Exec Dieter Berg to Board
25th March 2019
London-based insurtech Concirrus has added former President of the International Union of Marine Insurance, Dieter Berg, to its Board as Non-Executive Director. Berg served across a number of senior positions at Swiss Re before joining Munich Re as an Executive Manager in 2001. He would go on to serve in a ... Read the full article
USAA joins Roost’s smart-home telematics program
21st March 2019
USAA, a provider of insurance for U.S military personnel, has joined the Home Telematics Program (HTP) of Roost, a California-based company that specialises in smart-home technology. Operating in partnership with broker Willis Towers Watson, the HTP applies advanced analytics to produce insights regarding the effect of home telematics on loss mitigation ... Read the full article
Spanish insurers focusing on tech as growth opportunities shrink: A.M. Best
20th March 2019
Spanish insurers are increasingly utilising technology to cross-sell products and target niche markets as growth opportunities both domestically and abroad continue to shrink, according to analysts at A.M. Best. The rating agency concluded that the Spanish insurance sector remains profitable, but margins are under pressure and the low interest rate environment ... Read the full article
Chaucer enters marine insurtech partnership with Concirrus
19th March 2019
Chaucer, the specialty international (re)insurance group, has announced a new partnership with insurtech firm Concirrus, which is focused on driving technological change in the marine insurance market. The partnership will enable Chaucer to benefit from the use of Concirrus’ Quest Marine platform, which analyses billions of historical and real-time data to ... Read the full article
Arch Insurance International invests in personal lines MGA Archipelago
19th March 2019
Arch Insurance International has announced an investment in Archipelago Risk Services Limited, a tech-driven managing general agency (MGA) backed by underwriting capacity from Arch Insurance (UK) Limited. The Archipelago platform is a trading system that supports personal lines business by helping distribution partners grow and manage their client accounts through automation ... Read the full article
AXA unit eyes blockchain for faster, more secure job loss policy payments
18th March 2019
AXA Partners, a unit of global insurer AXA, is teaming up with the Swedish government’s Public Employment Service and the startup Stratumn on a blockchain-based solution aimed at accelerating and simplifying the payment of job loss policies. AXA Partners says the solution will significantly shorten the claim process duration, remove administrative ... Read the full article
Insurtech INSTANDA adds Swiss Re’s Trevor Davis as Managing Director
18th March 2019
INSTANDA, a cloud-based digital insurance platform, has appointed former senior Swiss Re executive Trevor Davis to the newly created role of managing director, effective immediately. Davis was previously Chief Executive Officer (CEO) of Swiss Re’s Life and Pensions operation and has over 20 years’ experience in the Life, Pensions and Health ... Read the full article
Aon to offer AI, machine learning tools with new InsurTech partnership
14th March 2019
Global re/insurance broker Aon has struck a strategic alliance with Zesty.ai, an InsurTech startup which uses Artificial Intelligence (AI) and machine learning to process satellite imagery, data from aircraft, physical characteristics of properties, building permit data and energy consumption data in order to generate granular risk analysis of buildings and ... Read the full article
InsurTech set to revolutionise data collection, analysis: Fitch
13th March 2019
The biggest near-term impact of InsurTech will be its ability to revolutionise how insurers collect, access and analyse data, Fitch Ratings analysts believe. For property/casualty (P/C) insurers, Fitch says telematics will be the differentiator as data generated from devices is the single most predictive loss indicator available. The availability of more accurate ... Read the full article
Gov-backed UK insurtech initiative announces legal toolkit for start-ups
13th March 2019
The UK Insurtech Board, an initiative facilitated by Tech Nation as part of the Fintech Delivery Panel (FDP) convened by HM Treasury, has announced the launch of a new toolkit of legal documents to assist start-ups in building relationships with insurance incumbents. The suite of legal documents was developed to address ... Read the full article
Technology is key to closing ASEAN protection gap, report execs
12th March 2019
New digital technologies represent the most promising remedy to closing the significant non-life insurance protection gap in Southeast Asia, according to the results of the ASEAN Insurance Pulse 2018 report by Alms & Company and Malaysian Re. The report, which surveyed key re/insurance executives from across the Association of Southeast Asian ... Read the full article
Hannover Re eyes InsurTech innovation with launch of hr | equarium
12th March 2019
Global reinsurance player Hannover Re has announced the launch of hr | equarium, an online platform designed to better connect InsurTech solutions with the insurance industry. Hannover Re has identified digital disruption, shifting demographics and evolving buyer preferences as having created a challenging operating environment for insurers. Subsequently, the company designed hr ... Read the full article
Argo Group joins GBN Worldwide re/insurance network
11th March 2019
Specialty re/insurer Argo Group International Holdings has announced that it has become a member and network partner of GBN Worldwide, a global network of re/insurers, independent brokers, and specialty suppliers. Operating in more than 140 countries, brokers and local insurance companies in the GBN network grant partners mutual market access across ... Read the full article
Insurtech firm Hippo Insurance integrates Verisk solutions
8th March 2019
Hippo Insurance, a California-based insurtech company focused on home insurance, has announced that it has integrated Verisk solutions into its full range of products. By using data from Verisk, Hippo says it can automatically fill in the information needed to quote and bind a home insurance policy and supply customers with ... Read the full article
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