New Survey Shows Key Role of Technology in Client Acquisition

 Finantix, the leading global provider of trusted technology to the wealth management, insurance, and banking industries, today launched the first part of a wealth management market survey, "New Client Acquisition: How can technology drive sales effectiveness in wealth management”.   In this first chapter the research looks to identify the drivers for next generation client acquisition in wealth management and what part technologies have to play... more Read more »

Lloyd's of London Chair Joins Insurtech Startup Cuvva

Cuvva, a UK startup pioneering hourly insurance policies, has snagged Lloyd's of London chair Bruce Carnegie-Brown as its new chairman. Carnegie-Brown, who succeeds inaugural chairman Nick Parker, has over three decades of experience in the financial sector in the insurance, banking and asset management sectors. He is chairman at Lloyd’s of London, vice-chairman at Banco Santander, and was chairman of MoneySuperMarket until May this year. Read more »

The Social Insurance Institution of Finland to test a new type of digital smart money

The Social Insurance Institution of Finland – Kela and Tieto will carry out a proof of concept in 2019 which will seek to develop a digital payment guarantee usable either with a mobile application or a payment card. A new type of digital payment guarantee, the smart money could help digitalise some of the processes related to payments. Kela and Tieto will develop a proof of concept in 2019 designed to test smart money either with a mobile... more Read more »

VERMEG AgileREPORTER mentioned Best Regulatory Reporting Management Solution

VERMEG, the global banking, insurance and digital transformation leader announces that AgileREPORTER has been awarded Best Regulatory Reporting Management Solution at the Grant Thornton UK LLP RegTech Index launch.   The RegTech Index is designed to assist discerning firms achieve an immediate short-list of solutions that are not only best in class regulatory technology in themselves, but that are also provided by a vendor with a track record of... more Read more »

Insurtech Policy Expert Secures Double Award Win for Digital Technology and eCommerce

Policy Expert, the digital home insurer, is celebrating two award wins, having been named a ‘National Winner’ in the 2019 European Business Awards – one of the world’s largest business competitions – as well as ‘Best Financial Services eCommerce’ at the eCommerce Awards 2019.   The insurtech firm has been recognised at the European Business Awards as the best business in the UK among its peers for innovative use of technology.   Read more »

SACE SIMEST announces innovative Fintech partnership with Ebury to support Italian SMEs

SACE SIMEST, the export and internationalisation hub of Cassa Depositie Prestiti Group, and Ebury, one of Europe's leading Fintech companies offering global transaction banking services to businesses, have signed a partnership which will facilitate access, especially for SMEs, to a number of insurance and financial solutions that can improve their international competitiveness. Read more »

AkinovA Leads Insurtech Innovation with Adoption of OpenFin, the Ubiquitous Capital Markets OS

 AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, together with OpenFin, the operating system (OS) of finance, today announced the adoption of OpenFin for the deploymen Read more »

Trov Launches White-Label Insurtech Platform and Partners with Lloyds Banking Group

Trov (www.trov.com), a global leader in insurance technology, is launching a portfolio of end-to-end digital, white-labelled insurance products designed to be rapidly deployed by financial organisations and insurers. Lloyds Banking Group, the UK's largest retail financial services provider, with around 26 million customers and a centuries-old history, will partner with Trov. Later in 2019, Trov and Lloyds Banking Group will release an innovative... more Read more »

Smart home revolution: 1.36 million households purchased a smart home device in last eight months

A smart home revolution is sweeping the nation, according to digital home insurer Policy Expert1, which has found that the number of households with a connected home device increased by 5% from 71% in October 2018 to 76% in May 2019. This is equivalent to an extra 1.36 million households2 purchasing a smart home device in the last eight months – more than the total number of households in Birmingham3. The average spend on smart home devices is £... more Read more »

Mactavish research reveals insurers win 68% of commercial cases concerning disputed claims

New research reveals that companies who take their insurers to court or public arbitration over non-payment of a claim only win in around one in three cases. The findings are from Mactavish, the UK’s leading expert on commercial insurance governance and disputes, which reviewed every UK court case or arbitration appeal relating to payments under primary business insurance policies (excluding consumer and reinsurance cases) between 2013 and 2019... more Read more »

Artesian Solutions Risk & Compliance Hub Selected to Join PwC’s Scale | InsurTech Programme

The Artesian Solutions Risk and Compliance Hub (ARCH), a SaaS solution enabling commercial teams and underwriters to carry out automated risk screening on prospective clients has been accepted onto PwC’s Scale | InsurTech Programme. The 11 week programme aims to support the world’s most exciting InsurTech scale-ups to expand and grow, bringing advanced innovation and disruption to a market that has been traditionally slow to keep ahead of... more Read more »

InsurTech startup Urban Jungle raises £2.5 million in seed funding

Insurance startup, Urban Jungle today announced a £2.5 million seed funding round with participation from a range of new and existing high profile Angel investors, including Rob Devey, ex CEO of Prudential UK, and Simon Rogerson, CEO of Octopus Group. Read more »

Portabl Picked for Plug And Play’s Insurtech Accelerator Program

Portabl, the insurtech startup designed for freelance, gig and self-employed workers around the world, has been picked by the Plug and Play innovation platform to join its Insurtech Batch of innovative companies. The accelerator identifies high-potential startups and supports their growth and success through introductions to mentors, potential business partners and investors. Portabl is designed to provide a new wave of insurance, benefits and... more Read more »

Talanx Is Running Its Asset Management Business On Murex’s MX.3 Platform

The Cologne-based business of Talanx AG, Ampega Asset Management, is using Murex’s flexible and open MX.3 platform for portfolio, order and risk management. With more than 130 billion euros under management, the company has implemented the platform MX.3 for a wide range of asset classes including fixed income, equity, funds, FX and derivatives for all business lines. Read more »

XPS extends relationship with RiskFirst to leverage market-leading technology

XPS Pensions Group, the largest purely pension consulting and administration firm in the UK, has signed an agreement with financial technology business RiskFirst to continue to deliver fast, high-quality and transparent reporting and modelling to clients through PFaroe’s comprehensive suite of analytics. Read more »

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