Digital transformation in insurance - what the industry should learn from remote response to Covid-19
he digital tools that allowed the UK to switch to remote working in response to Covid-19 were already part of our everyday lives, writes Tim Hardcastle, CEO and co-founder of INSTANDA. The insurance industry should take note. “The famous proverb “necessity is the mother of invention” – often incorrectly attributed to Plato – doesn’t hold true during this unprecedented period of the Covid-19 pandemic.
Tide and Hokodo introduce Invoice Protection to support SMEs during Coronavirus crisis
- 5 years 3 weeks ago
- Covid-19, Insurtech, Banking, Accounting
Tide, the UK’s leading business banking platform[1], has launched a new Invoice Protection product in partnership with insurance solutions provider, Hokodo, to help micro, small and medium-sized businesses protect their cash flow against the late and non-payment of invoices.
A Virtual Experience of Digital Transformation in Insurance: Customer Engagement & Operational Agility Conference 2020
- 5 years 3 weeks ago
- Insurtech
Join us on 5-6 May for a virtual experience of Digital Transformation in Insurance conference (https://arena-international.com/digital-insurance/). Over 30 speakers from industry leaders Direct Line, Allianz, Lloyds and Aviva join innovative insurtechs including Flock and FloodFlash to collaborate with us LIVE to share their experience and insight.
INSTANDA Now Available in the Microsoft Azure Marketplace
- 5 years 1 month ago
- Insurtech
INSTANDA, the leading customer and policy management platform for the insurance industry, today announced the availability of the INSTANDA platform in the Microsoft Azure Marketplace, an online store providing applications and services for businesses globally. INSTANDA customers can now take advantage of instant, secure access from MS Azure with all the SaaS benefits of streamlined deployment and compelling economics.
How Smart Home Devices Are Transforming Insurance
- 5 years 1 month ago
- Insurtech
If there’s one feedback that insurance providers are continuously receiving from homeowners, it’s that consumers want insurance tailor-fit to their specific households. No more one-size-fits-all policies that no longer apply to society’s changing needs and wants. This is a demand that InsurTech promises to meet, powered by its range of developing tech and the increasing adoption of smart home devices.
AI Insurtech company Akur8 announces €8m Series A
- 5 years 1 month ago
- Insurtech
AI insurance pricing solution Akur8 has raised €8m in its Series A round from BlackFin Capital Partners and MTech Capital, bringing Akur8’s total funding to €10 million following initial investment and incubation from Kamet Ventures in 2018.
Barclays announces new fintech partnership with insurance pioneer, Nimbla
In a high street banking first, Barclays has announced a partnership with Nimbla, a pioneer of single invoice insurance. Barclays’ one million SME clients will have the opportunity to benefit from the partnership, with the new ability to take out insurance against individual invoices, rather than the whole book.
Ledger Vault Obtains Groundbreaking Custom Crime Insurance Policy
Ledger, the global leader in security and infrastructure solutions for digital assets and blockchain applications, today obtained a crime insurance policy covering digital assets secured by the Ledger Vault platform.
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
Lloyd's of London Chair Joins Insurtech Startup Cuvva
- 5 years 7 months ago
- Insurtech
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.
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
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
Insurtech Policy Expert Secures Double Award Win for Digital Technology and eCommerce
- 5 years 7 months ago
- E-Commerce, Insurtech
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.
SACE SIMEST announces innovative Fintech partnership with Ebury to support Italian SMEs
- 5 years 7 months ago
- Insurtech
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.
AkinovA Leads Insurtech Innovation with Adoption of OpenFin, the Ubiquitous Capital Markets OS
- 5 years 8 months ago
- Insurtech
AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, together with OpenFin, the operating syste
