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RPA can help insurers navigate the maze of unstructured information

17 October, 2019 - 12:40
The insurance industry is particularly ripe for robotic process automation (RPA) given the high volume of unstructured information being received and processed by insurers, according to Mike Hobday, senior vice president at AntWorks.

IOT sensors help English Heritage protect precious buildings and reduce maintenance costs

17 October, 2019 - 12:31
The cost of running and insuring heritage buildings is being reduced with technology that monitors risk in real time via the internet of things (IoT), the audience at Intelligent InsurTECH Europe 2019 heard in London on October 14.

Insurers can integrate ‘diesel in the basement’ legacy systems with Appian low code software

17 October, 2019 - 12:14
Business transformation is powered by software and that is what will differentiate you in the market, delegates at Intelligent InsurTECH Europe 2019 which was held in London on October 14,.

Videos can help you prevent data overload and gain greater client engagement, says Mulberry Risk

17 October, 2019 - 11:48
Video content is often overlooked as too time-consuming and technically difficult to produce well. But David Hughes, director at Mulberry Risk, said that it has helped him engage clients in training and decision-making.

Applied Systems launches updated digital agency and brokerage products

17 October, 2019 - 10:57
Applied Systems, a global provider of cloud-based software for the insurance industry, has updated its digital agency and brokerage portfolio. The latest advancements enable greater connectivity between agencies, brokerages, insurer partners and the end insured to create greater collaboration for higher-value business transactions and operational efficiencies.

US insurance broker Prime Risk Partners joins EPIC Insurance Brokers & Consultants

17 October, 2019 - 10:56
US retail insurance broker EPIC Insurance Brokers & Consultants has acquired retail insurance broker Prime Risk Partners. The acquisition adds approximately 600 people in 20 locations and over $115 million in revenue.

Swiss Re and Pioneer to launch innovative telematics solution for insurers

17 October, 2019 - 10:42
Swiss Re and global car electronics company Pioneer have co-developed an innovative telematics solution that provides insurers with better and more personalised risk assessment, while supporting safer driving behaviour.

Willis Towers Watson and RDT team up to drive change in insurance pricing

17 October, 2019 - 10:41
Insurance software house RDT is to become the latest vendor to join Willis Towers Watson’s global Radar Live Collaboration programme. The programme has been developed to facilitate faster integrations with Radar Live through an ecosystem of leading insurance software houses.

Colin Rose to lead Castel Specialty’s entrance into the construction and engineering market

17 October, 2019 - 10:40
Castel Specialty, a division of club-style MGA formation platform Castel Underwriting Agencies Limited, has entered the construction and engineering market with a new proposition primarily aimed at the UK, North American, Australia and Canada as well as other key territories.

Applied Underwriters founder Steve Menzies acquires insurance companies from Berkshire Hathaway

17 October, 2019 - 10:39
US insurer Applied Underwriters and its subsidiary North American Casualty Co., a group of diversified, national financial services companies, have been acquired by Applied's founder, Steve Menzies, joined by the Quasha Group led by Quadrant Management.

On-demand insurance set to become a bigger part of the industry: IUA

17 October, 2019 - 10:38
On-demand insurance will play a fundamental role in the future of the industry, according to research from the International Underwriting Association (IUA)., which says that pay-as-you go models of cover will allow customers to automatically activate policies when and where they need them.

Mark James appointed CNA’s chief risk and reinsurance officer

17 October, 2019 - 10:37
Mark James has been named chief risk and reinsurance officer for CNA, one of the largest US commercial property and casualty insurance companies.

AIG set to be involved in Elon Musk defamation case: Bloomberg

17 October, 2019 - 10:37
Major insurance player American International Group Inc. may get wrapped up in a defamation case involving billionaire Elon Musk, according to a report on Bloomberg.

CCRIF welcomes Guatemala to the facility as its third Central American member.

17 October, 2019 - 10:36
CCRIF SPC, a segregated portfolio company, owned, operated and registered in the Caribbean has welcomed the Government of Guatemala to the facility as its third Central American member.

Cyclones and the global impact of climate change

16 October, 2019 - 16:03
Research by French reinsurer CCR in partnership with Météo-France and RiskWeaterTech has enabled them to highlight and evaluate the exposure to rare tropical storms of territories the vulnerabilities of which were, until very recently, underestimated, as David Moncoulon reports.

Climate change, technology and geopolitical instability are the main future risks: AXA

16 October, 2019 - 15:19
Climate change, technology and geopolitical instability are the three biggest risks in the next five to 10 years, according to a report compiled by French insurer AXA.

Dorian and Faxai combine to push Everest Re to $280 million loss

16 October, 2019 - 14:44
Hurricane Dorian and Typhoon Faxai combined to push Everest Re Group to an estimated pre-tax catastrophe loss of $280 million.

UN, WWF and world’s insurers launch insurance industry guide to protect UNESCO World Heritage Sites

16 October, 2019 - 14:43
The first guide for the insurance industry to protect the world’s priceless and irreplaceable assets was launched yesterday at a major event by UN Environment’s Finance Initiative (UNEP FI) in São Paulo, Brazil, convening leading insurers, investors and banks.

Verifly secures $22M funding from IAC, rebrands and expands to become Thimble

16 October, 2019 - 14:42
Verifly, the first and only platform to offer short-term liability coverage for small businesses and independent workers, has expanded and rebranded to become Thimble, supported by $22 million in Series A funding.

Quantemplate closes $12 million+ funding round to provide insurers with disruptive automated data solutions

16 October, 2019 - 14:40
Quantemplate, a provider of self-service, cloud-based automated data solutions for the re/insurance industry, has closed on more than $12 million in a recent funding round led by Route Sixty-Six Ventures and Transamerica Ventures, with participation from Anthemis Group, Allianz X, and Insight Catastrophe Group.


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