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We regularly curate the latest insights and reports provided by and in collaboration with our partners and stakeholders to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
Sustainability Through the Insurance Lens
The past year has altered our lens on many aspects of work and life, including sustainability. For insurers, sustainability evolved beyond altruism into a new business imperative.
AXA Launches AXA SmartHome Plus eVoucher
AXA Hong Kong and Macau today announced the launch of an insurance eVoucher for its award-winning home insurance – AXA SmartHome Plus, leveraging insurtech to innovate home insurance usage and distribution channel as well as helping more people’s homes to get the necessary protection.
Zego Launches New flexible Products for Businesses in the Food and Grocery Delivery Market
Commercial motor insurance provider, Zego has launched two new flexible insurance products for moped and e-bike fleets in the UK. The new products, developed in partnership with Wakam, enable businesses in the fast-growing food and grocery delivery market to save time and money.
How Can Insurers Get Started on their ESG Investment Journey?
The biggest insurance companies around the world are increasingly prioritizing environmental, social and governance (ESG) issues in their investment practices.
New York Life Names William Cassidy CIO
Cassidy served as SVP and head of shared services technology, overseeing enterprise computing services, enterprise architecture, enterprise data, information security, digital, and technology strategy planning.
Mosaic Announces Cyber Underwriting Team
Global specialty insurance company Mosaic will begin underwriting cyber insurance globally next month through teams based in Chicago and London.
Four Themes Will Shape The Future Of Insurance
The future of insurance is here. Insurers can no longer wait on the sidelines. They must get in the game. What game you ask? The game of who will win the hearts and wallets of tomorrow’s insurance customer.
How Technology is Streamlining Processes in Finance and Insurance
From CRMs, and messaging platforms to online courses, here’s how traditional providers in insurance and mortgages are using technology more effectively
This Pune-Based Startup is Helping Corporates Unlock Benefits of Group Health Insurance
With a focus on preventative care, Loop Health provides organisations group health insurance plans which include a 24×7 available medical team that is just a call away.
How is AI Transforming Home Healthcare
AI-based sensors can be used to track a patient’s biometrics 24/7, even while they are resting or sleeping, to track their health biometrics. Any abnormality, such as a slower heartbeat or an increase in body temperature or pulse rate, will automatically send alerts to the appropriate healthcare providers or agencies.
Allianz Considering Offer for The Hartford After Chubb Rejection
German re/insurer Allianz is exploring an offer for The Hartford, after the U.S. property and casualty insurer rejected a recent offer from Chubb, according to Bloomberg reports.
How CIOs Can Build on the Pandemic’s Momentum
The pandemic has shown how crucial the chief information officer is; now it’s time to keep the momentum going through seamless customer journeys and delivering growth
Blink by Chubb Offers Digital Cyberinsurance at Launch
Chubb has launched a new digital brand, Blink by Chubb, that focuses on convenience and opportunity in order to meet younger customers’ coverage needs and interaction desires.
The Gig Economy and Worker Benefits: How Innovation is Helping Companies Meet New Demands
Innovation in insurance is one way technology can help service companies with gig employees weather the growing storm of regulations and legislation.
5 Ways Digital Ecosystems Keep Insurers Competitive
Life insurance and retirement solution providers with an ear to the ground know their industry is in the midst of a sea change. The industry — which, until recently, comprised of traditional insurance carriers— has been shaken up by many new Insurtech entrants.
Guardian and Atidot Partner to Create New Insurance Models and Customer Experiences
The Guardian Life Insurance Company of America® (Guardian Life) today announced it has entered into a joint venture with the AI and predictive analytics innovators at Atidot. The collaboration is focused on creating a platform that deploys artificial intelligence and machine learning to power data driven decision-making that helps make insurance products and services easier for consumers to understand and buy.
RSA Names Former Aviva Executive Hodges as Chair of UK, International Businesses
RSA has named appointments for chair and CFO of its UK and International business entities, following the completion of Intact Financial Corp.’s proposed takeover.
Has Cyber Insurance Actually Increased Cyber Risk?
From the SolarWinds breach to the recent Microsoft Exchange server breach, 2021 is already shaping up to be a landmark year in cybersecurity.
AI Startup Idelic Raises $20 Million To Make Trucking Industry Safer, Less Costly
“Right now if a fleet has any type of blemish on their record, their rates go up 150 to 200%,” Cardiff says. “That’s untenable. Fleets can’t continue to survive that way, but we as a public still need and demand our goods to be transferred from one place to another…We want to be at the forefront of solving that.”
AXA XL Names Ashok Krishna Chief Data, Analytics Officer
AXA XL, the property & casualty and specialty risk division of AXA, has named Ashok Krishnan as Chief Data and Analytics Officer.
Aviva Sells Polish Business to Allianz for €2.5bn
Aviva has sold its Polish operations to Germany’s Allianz for €2.5 billion in cash, completing a programme to sell European and Asian assets begun last year, the British insurer said on Friday.
Why The Insurance Industry’s Digital Future Is Set To Explode — In A Good Way
The pandemic has facilitated the digital transformation of the global economy, and the insurance industry may be the next major market that’s ripe for disruption.
Snapsheet Secures $30M in Series E2 Financing
The new funds will be used to accelerate growth and add new functionality to the company’s claims management platform, as well as to make key hires across engineering and sales teams.
UK Insurtech Startup Aims for US Expansion
Americans are investing more cash on their animals than ever prior to thanks to COVID-19. Now companies are wanting to capitalize.
Pie Insurance Raises $118M From Allianz and More
Pie Insurance has pulled in $118 million in new funding, with the workers compensation provider attracting financing from Allianz and others.
Where Should European Insurers Focus their Innovation?
Insurers understand the need for digital innovation – many have had digital transformation strategies in place for several years. However, since the coronavirus pandemic, the race to digital has taken on more urgency.
AXA Announces Several Key Senior Leadership Changes Globally
Global insurer AXA has announced key changes to its senior leadership team as the company looks to successfully execute the strategic plan presented in December last year.
Why Insurtechs are on Board with SPAC-Mania
The past six to twelve months in insurance have seen a historic level of activity for mergers and acquisitions, new investments, and public offerings. It seems like every type of entity in the insurance world has been swept up in this trend.
Tokio Marine Names Tom Weist as CFO
Property & Casualty insurer Tokio Marine HCC has appointed Tom Weist as Chief Financial Officer following the retirement of current CFO, Sharon Brock.
How the Global Pandemic Has Intensified the Focus on Innovation in Insurance Industry
The COVID-19 pandemic has made many companies across all markets reevaluate what it takes to survive and grow during this global crisis. In the Insurance industry those tools are innovation and M&A activity.
Qoala Acquires Thai Insurtech FairDee
Jakarta-based insurtech startup Qoala has acquired Thai peer FairDee, further expanding its reach in Southeast Asia. The company has a presence in Indonesia, Singapore, Malaysia, Vietnam, and now Thailand, serving millions of consumers across the region.
Swiss Re CorSo Partners with Economical Insurance
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has signed an agreement with the Canadian insurer Economical Insurance to provide its IPA platform for its first insurer in North America.
Canada’s Constellation Insurance to Acquire Ohio National for $1 Billion
Canada’s Constellation Insurance Holdings, Inc. has agreed to acquire Cincinnati-based life and disability insurer Ohio National Mutual Holdings, Inc. and its wholly owned subsidiary Ohio National Financial Services, Inc. for a total consideration of US$1 billion.
Durham Insurtech Launches Multicar Partnership with Insurance Giant
A North East tech firm aiming to disrupt the UK insurance market has secured a partnership with a national firm.
Accenture: Conquering the Five Strategic Challenges to Underwriting Transformation
Recently, there has been a seismic shift in the C-suite with most the likes of the CFO and CIO, among others, taking on much more strategic roles in the business. One roll though, that has largely remained unchanged for decades is that of the Chief Underwriting Officer.
WTW Launches Cyber Solution for Power & Utilities Industry
Global re/insurance broker Willis Towers Watson has launched a new type of cyber insurance cover designed specifically for Power & Utilities companies.
Aon Partners with Insurtech Startup for AI Data Underwriting
Insurance company Aon has entered into a strategic alliance with Zesty.ai in a move it says will “revolutionise underwriting”.
Interview: Trackunit and the Future of Telematics
While the pandemic has pushed many brokers to adopt technology quicker than they had planned, many would agree it was past due.
In Search of Trustworthy AI – is the Insurance Industry Using AI to Fairwash FICO Scores?
Does applying AI to insurance ratings and FICO scores improve fairness? The insurance industry says yes, but the data points to AI fairwashing. It’s time for a change.
Huckleberry, Offering Insurance to SMBs, Partners with Berkshire Hathaway
Huckleberry, an insurtech company that offers a variety of insurance to small businesses, has announced a partnership with Berkshire Hathaway GUARD. This represents the biggest partnership with a carrier for the startup to date.
Supercede Partners with Trace to Bring End-to-End Solution to Global Brokers, Worldwide
Supercede, the global reinsurance placement platform built for dealmakers, announces that it has partnered with Trace, a market-leading technology provider, to provide a seamless solution covering the entire reinsurance lifecycle.
5 Trends Impacting Traditional Auto Insurance
Auto insurers are redefining themselves as mobility companies and in the future will be seeking to own the mobility experience using a vast mobility ecosystem, ideally building those ecosystems around their brands.
Lloyd’s Launches New Parametric Earthquake Solution in New Zealand
Lloyd’s has announced the launch of a new parametric earthquake insurance policy in New Zealand designed to automatically pay customers within five days following a strong earthquake.
Insurtech Startup Counterpart Raises $10M in Funding Round Led by Valor Equity Partners
Insuretech startup Counterpart, has raised $10 million in funding led by Valor Equity Partners. Also participating was Susa Ventures and Felicis Ventures. Counterpart works in the ‘management liability’ insurance market. Counterpart will also partner with Markel Specialty, a specialty insurance division of Markel Corporation, to offer its management liability insurance products.
Generali France Adopts Akur8 to Enhance Their Insurance Pricing Process
Generali France and Akur8 are thrilled to announce their multi-year partnership to boost Generali’s pricing capabilities in France.
U.S. Insurtech Cogitate Extends Partnership With Verisk
Cogitate Technology Solution, a U.S.-based insurtech, recently announced its as extended its partnership with global data analytics provider Verisk to enhance its insurance platform. Cogitate reported that through the partnership it will source and integrate commercial lines data from Verisk into Cogitate’s flagship solution DigitalEdge.
USAA to Launch Telematics Insurance Program in Most States
USAA has announced that due to increased customer interest in telematics and behavior-based insurance, it will launch its SafePilot program in the majority of states throughout 2021. USAA launched the program in South Dakota last week.
Kennedys IQ Introduces AI Technology to End-To-End Portal Claim Management Solution
Kennedys IQ, the technology company from law firm Kennedys, has taken its solution for compensators to the next level by using artificial intelligence (AI) to assess medical evidence and recommend a damages figure for insurance claims in the Claims Portal.
Insurtech Startups Use AI To Create Massive Shift In Industry
Over the past 12 months, technology has entered people’s lives in new and unexpected ways with some experts saying the digital adoption we’ve experienced since March 2020 is equal to 5 years of digital gains.
Chubb Bids for The Hartford’s ‘Crown Jewel’ and More
Five years ago, Evan Greenberg led ACE’s nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as a global property/casualty insurance giant he continues to guide as CEO. Now, the insurer is gunning for even larger size and reach with an offer to pay $23 billion for The Hartford, an industry icon with origins dating back to 1810.
Tesla is About to Launch its In-House Insurance Program in More States
Tesla is about to launch its own in-house insurance program in more states after running it in California for the last year.
Swiss Re’s JV Movinx Hires Carolin Gabo as CEO
Insurance intermediary and service provider Movinx has appointed Carolin Gabor as its new Chief Executive Officer.
Insurtech Artificial Joins Convex on Data-Driven Marine Liability Product
Insurtech firm Artificial Labs is collaborating with Convex to digitise and distribute the speciality re/insurer’s data-driven marine liability product.
Three Barriers to Innovation in Insurance
Innovation in insurance is a complex, yet invigorating challenge. Canadians living and working in the fast-paced digital economy are looking for products that reflect their way of life
Insurtech Giant wefox to Raise $250M
The Germany-based insurtech is expected to close the massive funding round next month to hit a $2 billion valuation, per Sky News.
Why CX is Now Business-Critical for Insurers
What are the CX priorities for insurers – as the sector emerges from a period of dramatic change and searches for better ways of operating?
Wefox Brings in Goldman for Funding Push
The Berlin-based startup has recently hired Goldman Sachs as it tries to close out a Series C.
Concirrus Assembles ‘Stellar’ Advisory Panel
Top-notch insurance and technology stalwarts have been tapped to sit on the advisory panel for insurtech Concirrus.
Chord Re bumps CUO Tom Meyer up to CEO role
Newly launched generation specialty reinsurer Chord Re has announced the promotion of Chief Underwriting Officer Tom Meyer to the role of Chief Executive Officer.
AI Can Help Companies Tap New Sources of Data for Analytics
Improvements in technology have dramatically changed what enterprise analytics can do, but predictive and descriptive analytics still require time, expertise, and heaps of data, and often produce only narrow insights.
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