Reinsurance News
Insurance and reinsurance technology news
News on technology in the insurance and reinsurance market, covering insurtech start-up news, innovation news and how reinsurance market participants are leveraging technology to make their products better and to enhance the efficiency of their businesses.
Chubb Studio expands tech features
7th November 2022
Chubb has announced that its global integration platform, Chubb Studio, has introduced new features that can embed insurance into the digital environments of its distribution partners more easily. The platform's three new features provide Chubb's distribution partners with access to Chubb-developed software development kits (SDKs) that enable the company's partners to ... Read the full article
Canopius launches technology & data hub in Manchester
2nd November 2022
Global specialty re/insurer Canopius has announced the launch of the ‘Canopius Tech & Data Hub’ in Manchester, UK. The Hub will begin operating early next year, says Canopius, and will ensure that that company is developing the best possible solutions within the data and technology sphere, while also supporting its strategic ... Read the full article
Montague Risk Partners’ COO joins SENSE Consortium Advisory Board
25th October 2022
Montague Risk Partners, a digital specialty Managing General Agent (MGA) has announced that its Chief Operating Officer, Des McCavitt, is joining the SENSE Consortium Advisory Board. According to the announcement, Des McCavitt joins the advisory board in a non-executive role, and will provide guidance and insight into the strategic direction for ... Read the full article
Technology has outpaced the insurance markets appetite: Verisk’s Tim Rayner
26th September 2022
2022 is set to be a landmark year of change in the London market, with the evolution of cloud computing, distributed computing via APIs, and data augmentation all starting to culminate in opportunities for the market to be more efficient as it starts to move from analogue to digital. This is ... Read the full article
It’s now “imperative” that re/insurers deploy smart tech: Davies, Xceedance
14th September 2022
Current geopolitical instability, staffing woes, and inflationary pressures are forcing the insurance industry to dramatically improve its operational efficiency through smart technology, says Justin Davies, Head of EMEA at re/insurance service provider, Xceedance. The insurance and reinsurance industries, like other businesses and consumers all over the world, are struggling with a ... Read the full article
There’s no such thing as taking bad risk: Graham Gordon, Sapiens
22nd April 2022
"There’s no such thing as taking a bad risk. Just bad choices of how to approach the risk and the bad result of that risk," according to Sapiens Director of Product and Strategy, P&C, Graham Gordon. In an interview with Reinsurance News, Gordon discussed some of the ways in which data ... Read the full article
The claims revolution is underway, but still a long way to go: Genpact’s Saye
11th February 2022
To improve claims processes across the insurance and reinsurance industry and deliver higher customer satisfaction, technology must be embraced, and modern software tools integrated into company processes, Jeff Saye, Global Practice Leader for Insurance Claims, Genpact told us in an interview. Discussing the need for a digital-first, future-focused approach to claims, ... Read the full article
Lou Smith to lead WTW’s Consulting and Technology business
24th January 2022
WTW has has appointed Lou Smith to the company’s Insurance Consulting and Technology business, where she will lead the unit’s Commercial Lines data strategy and expand its digital trading capability. Smith most recently served as the first Chief Digital Officer at Lloyd’s of London, holding the responsibility for shaping and delivering ... Read the full article
Lloyd’s CFO to take on COO duties
17th January 2022
Lloyd’s CFO Burkhard Keese is lining up to take on COO duties when incumbent Jennifer Rigby departs towards the end of this month. The new structure, under which Keese will maintain both roles, is being put in place to facilitate the delivery of Lloyd’s Blueprint Two programme. That programme is the second ... 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
Re/insurers should reorient their thinking to become even more data led: Swiss Re’s Ian Haycock
24th June 2021
With advancements in technology enabling carriers to leverage data in a more meaningful way, the insurance and reinsurance industry has an opportunity to refocus its thinking, derive greater insights and transform some of the inefficiencies within the business, according to Ian Haycock, Chief Data Officer at Swiss Re. “For Swiss Re ... Read the full article
The value of capital has changed & re/insurers have to adapt: Swiss Re’s Mumenthaler
24th June 2021
As capital has become more plentiful and continues to look to insurance risks, it's no longer the main value of what carriers need to deliver in the market, which in turn has raised the importance of scale, efficiency and ownership of the client, according to Christian Mumenthaler, Chief Executive Officer ... Read the full article
You can’t build a shiny new skyscraper on foundations of sand: Dun & Bradstreet’s Harrison
20th April 2021
The role of data & analytics is changing in the re/insurance industry but as carriers have looked to bolster their capabilities, a few things have served to hinder their efforts, according to James Harrison, UKI Head of Insurance at global data and analytics firm, Dun & Bradstreet (D&B). In a recent ... Read the full article
Post-pandemic, re/insurers must be more forward-looking: Harrison, D&B
31st March 2021
Historically characterised as stuck in its ways and slow to adjust, as the world emerges from the pandemic, the re/insurance industry has an opportunity to accelerate its transformation through investments into digital and data technologies for the benefit of both carriers and clients. This is according to James Harrison, UKI Head ... Read the full article
Tremor enhances reinsurance placement capabilities with next-gen Panorama
8th February 2021
Tremor Technologies has built on the success of its original programmatic re/insurance risk transfer marketplace with the launch of its next generation trading platform, Panorama™. As Tremor continues to expand, having now exceeded $1 billion in risk priced and placed with its tech with almost 100 participating reinsurance markets, its ... Read the full article
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