Focus on Technology at the Africa Digital Insurance Conference
- 4 years 8 months ago
- Insurance
The Africa Digital Insurance Conference 2020 (ADIC 2020) promises to be the continent’s insurance disruption tech event. This year the conference, which takes place between 24-25 June 2020 at the Villa Rosa Kempinski in Nairobi, focuses on innovation, showcasing technological and design solutions for the challenges and opportunities faced by insurance companies as they keep up with the digital era.
Inundated by IoT: How Carriers Can Leverage a Trillion IoT Devices with Nationwide, CNA and Everest Re
- 4 years 8 months ago
- Insurance
Define your IT innovation strategy or risk becoming irrelevant, according to insurance leaders. Almost daily, a new disruptive technology is developed with far-reaching effects on the industry. There is no turning back. AI, Blockchain, Machine Learning and IoT become more commonplace every day. By 2025, according to current estimates, there will be more than 50 billion IOT devices; the number is expected to grow to one trillion by 2030.
Lloyd’s launches new cryptocurrency wallet insurance solution for Coincover
- 4 years 8 months ago
- Cryptocurrencies, Insurance
Lloyd’s has launched a new insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. The first of its kind liability policy, with flexible limits from as little as £1,000, was created by Lloyd’s syndicate Atrium in conjunction with Coincover to protect against losses arising from the theft of cryptocurrency held in online, hot wallets.
Wirecard helps SIGNAL IDUNA digitally transform its insurance services
- 4 years 9 months ago
- Insurance
Wirecard, the global innovation leader for digital financial technology, today announced that it is helping German financial services giant SIGNAL IDUNA extend its online and mobile services with new payment methods. Consumers will be able to take out and pay for insurance online. Wirecard processes the payments as well the payouts in the case of successful claims. The company – that provides insurance policies for health, travel, household and... more
Moving ESG Into The Mainstream: Drivers And Actions
- 4 years 9 months ago
- Investment, Insurance
Bank of America Merrill Lynch found in 2018 that firms with a better ESG record than their peers produced higher three-year returns, were more likely to become high-quality stocks and less likely to have large price declines or go bankrupt. However, study by NN Investment Partners1 showed that more than half of professional investors still think that incorporating ESG into their investment strategy will reduce their returns, with more than 70%... more
Insurance Nexus Unveils Agenda and Announces Brand-New Speaker Line-Up for Fourth Annual Connected Claims USA Summit 2020
- 4 years 10 months ago
- Insurance
As customer expectations have risen thanks to new platforms and products, so too has the level of technological sophistication as artificial intelligence, chatbots, drones, telematics and apps have become common in multiple industries. The insurance industry is now at a critical juncture as carriers seek to transform their claims processes, using new technologies to meet rising customer expectations and reduce costs.
Neo-Insurance Getsafe starts expansion in the United Kingdom
- 4 years 10 months ago
- Insurance
Getsafe is the fastest growing insurance provider for millennials in Germany. CEO and founder Christian Wiens is looking forward to the competitive market environment in the UK: "Over the last two years, we have shown that our product meets a core need for the young, tech-savvy generation. With our insurance delivered through your smartphone, we are developing a product that fits perfectly with the living and communication habits of this... more
Reuters Events’ Insurance AI and Innovative Tech Summit Returns to Chicago in 2020 – USAA, Nationwide, The Hartford AXA, Swiss Re, American Family and More Confirmed
- 4 years 10 months ago
- Artificial Intelligence, Insurance
As insurance carriers look to technology to meet customer demands at scale, how carriers react to competition and rising customer expectations today will define their success tomorrow. From providing bespoke products, instant customer service and real-time risk monitoring, the likes of AI, machine learning and other innovative technologies are proving the only means through which insurance carriers can meet the high demands of consumers today.
VERMEG extends partnership with Santander as the global bank selects MEGARA as its post-trade processing system in Brazil
VERMEG, the banking and insurance software solutions specialist, announced that its state-of-the-art Securities and Custody solution “Megara” went live at Santander Securities Services Brazil (S3 Brazil) on July 2019. S3 Brazil will be serviced from VERMEG’s newly opened offices in Brazil. VERMEG acts as a global partner for Santander Securities Services which uses VERMEG’s Megara post-trade processing software across multiple territories.
Monument Insurance deploys the Invest|ProTM platform from Financial Risk Solutions
- 5 years 2 months ago
- Insurance
Financial Risk Solutions (FRS), award-winning provider of fund administration software to global life assurance and asset management companies, today announced Monument Re Limited (Monument), a major acquirer of life assurance books of business in Europe and the Channel Islands, is operating the Invest|Pro™ platform to manage the group’s investment administration of unit-linked funds and portfolio bonds.
Rising Theft Puts UK Households And Insurers On Alert
UK households and their insurers need to be on alert for rising levels of theft, according to the digital home insurer Policy Expert, whose analysis of claims and crime data suggests a growing risk to consumers. Figures for the first half of 2019 show that theft or attempted theft now make up one in five (20%) of Policy Expert’s accepted home insurance claims. This is the highest percentage recorded in the last seven years, up from 18% in 2018... more
kasko2go now cooperates with OKKO GROUP
- 5 years 3 months ago
- Insurance
The Swiss startup kasko2go has entered into a partnership with the Ukrainian OKKO GROUP, thereby reaching 4.5 million drivers. kasko2go's disruptive approach caused a sensation in the Swiss insurance market in spring: With the help of artificial intelligence and telematics data, the startup ensures more justice, lowers excessive premiums and at the same time promotes a safe driving culture in society.
Quantifying Cyber: How Insurance Carriers are Meeting the Challenge of Covering an Ever-Changing Risk Landscape
- 5 years 3 months ago
- Insurance
With insurance companies facing an average of 113 targeted breaches a year, it can be argued that cybersecurity is one risk the insurance industry is not prepared for. Prominent breaches, such as the Premera Blue Cross and Anthem attacks, saw a combined 90 million customer records fall into the hands of nefarious actors and the subsequent damage to both customers and carriers cannot be underestimated.
Company directors at risk of being sued over poor preparations for a bad Brexit
- 5 years 3 months ago
- Insurance
Mactavish, the leading expert on commercial insurance placement and disputes, is warning company directors they face a growing risk of being sued by investors, suppliers and other stakeholders, if their organisations are adversely affected by a bad Brexit and they are accused of not having prepared properly for this.
Insurwave onboards Xceptor to digitise speciality insurance
- 5 years 3 months ago
- Insurance
Insurwave, a joint venture between EY and Guardtime, has partnered with Xceptor to facilitate the digitisation and automation of the insurance market. Insurwave is the world’s first marine insurance blockchain platform and the partnership will digitise the wide variety of insurance documents, building out an extensive digital library of insurance documents to enable the automation of downstream processes.
