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
- 5 years 6 days 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 4 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 5 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 5 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 5 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 5 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.
Novidea partners with Instech London to promote innovation and technology adoption in the insurance space
- 5 years 5 months ago
- Management, Insurance
Novidea, the digital data-driven insurance brokers & distribution platform, is pleased to announce that it has partnered with Instech London, an organisation that links start-ups, investors and insurers to promote innovation and technology adoption in the insurance sector.
Swiss Re Group Chooses Expert System to Power Knowledge-Intensive Processes with Artificial Intelligence
- 5 years 5 months ago
- Artificial Intelligence, Insurance
Expert System announces that it has been working with Swiss Re leveraging the advanced features of Cogito®, a strategic NLU (Natural Language Understanding) technology. With Expert System's AI-driven approach, which focuses on deep knowledge understanding and data accuracy, Swiss Re will empower its digital and analytics strategy throughout the entire value chain. With an AI-driven approach that targets deep knowledge understanding and data... 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.
Insurance Innovators Summit 2019 Where incumbent and insurtech worlds collide
- 5 years 6 months ago
- Insurance
Insurance Innovators has been building a community of trailblazers and influencers for the past 20 years. Through a series of events and digital content, Insurance Innovators aims to accelerate the success of those in the growing community through sharing knowledge, collaborating and building networks. The flagship conference, Insurance Innovators Summit, will be returning in November at the QEII Centre in Westminster. New features for this year... more
Finantix Powers HSBC Private Banking’s Global Client Wealth Management Portal
- 5 years 6 months ago
- Management, Banking, Insurance
Finantix, a leading supplier of transformational software to the wealth management, insurance and private banking industries globally, today announced that Finantix Components have been deployed by HSBC Private Banking as it launches a new global client wealth management portal for its clients. The new portal is a simplified, seamless and globally standardised platform.
Connected Insurance USA- Webinar
- 5 years 6 months ago
- Insurance
Insurance Nexus is delighted to announce we are bringing together key figures from OneBeacon, Canada Life and AITE Group to give you the strategies to understand your customers agenda and move towards a truly connected model. http://bit.ly/2LiQeJF
Insurtech Specialist UnderCover Changes Name to Thewave and Becomes B-Hive Associate Partner
- 5 years 6 months ago
- Digital Identity, Non-Financials, Insurance
Leuven-based insurtech start-up UnderCover extends its scope and changes its name to thewave. With its new name comes a new mission: thewave will combine its profound expertise in insurance with a deep understanding of emerging technologies. The goal is to invent, build and integrate tailored digital solutions for the insurance sector. “Thewave does not aim to disrupt the insurance sector, it wants to help it stand strong against disruption,”... more
