Category : Insurtech (Insure Tech)

Covid-19: Niall Barton calls on insurers to support insurtechs

The Insurtech UK chairman and Wrisk executive chairman said the “mini meteorite” of Covid-19 has put insurtechs at risk of underfunding.

Coronavirus + broker M&A distribution disruption raises threat to carriers: Hyperion X

While the immediate impacts and losses from the Covid-19 coronavirus pandemic are top of mind in threatening the businesses of insurance and reinsurance carriers right now, the fact it coincides with the biggest disruption to the distribution chain e...

Covid-19: Insurtech UK calls on Chancellor for start-up support

The insurtech body has signed an open letter seeking additional support for start-ups from the government, as well as warning insurers against turning away from insurtech partners.

Aon enhances reinsurer trading portal for Lloyd’s & IUA markets

Re/insurance broker Aon has enhanced its reinsurer trading portal, ABConnect Placements, to electronically bind treaty placements with Lloyd’s of London and International Underwriting Association (IUA) markets from 1 April renewals. The new bind feat...

Insurtech wefox launches broker platform amid COVID-19 concerns

Berlin-based insurtech firm wefox Group has announced the launch of a new technology platform, which will be made available to brokers for free amid concerns that the coronavirus (COVID-19) pandemic is affecting sales. wefox explained that it brought...

RiskGenius launches COVID-19 risk checklist

RiskGenius, an insurtech using artificial intelligence to evaluate emerging risks across insurance portfolios, has released a checklist of potential coverage issues associated with the coronavirus pandemic. The checklist has been launched to help car...

Blog: Open or closed - the branch dilemma facing brokers

As the first working week of self-isolation comes to a close for many, Insurance Age content director Jonathan Swift looks at the stance brokers are taking in terms shutting up shop or keeping their branches open.

Ageas partners with tech firm on AI car damage assessments

Brussels-headquartered multinational insurer Ageas is using an artificial intelligence (AI) solution developed by technology company Tractable to create car damage assessments and repair estimates. The AI-powered technology is able to support some of...

Munich Re-backed Sepio Systems hits $15mn in funding

Global reinsurer Munich Re has acted as lead investor for Sepio Systems, a leader in Rogue Device Mitigation. Following the recent Series A round, Sepio secured an additional $4 million from Munich Re Ventures and Hanaco Ventures, which brings the to...

FWD Philippines opts for digital solution from Pacific Life Re

Pacific Life Re has announced a new partnership with FWD Philippines, which will see FWD adopt a digital solution from Pacific Life Re’s insurtech subsidiary, UnderwriteMe. The solutions was built on the Underwriting Rules Engine and is designed to e...

Tremor to launch weekly online ILW auctions

Programmatic insurance and reinsurance risk transfer marketplace Tremor is set to open weekly online Industry Loss Warranty (ILW) auctions in an effort to ensure the market continues operating during the unfolding coronavirus pandemic. Auctions begin...

Manulife partners with digital health platform dacadoo

Canadian multinational insurer Manulife has announced a collaboration with dacadoo, a Swiss-based digital health platform provider, to enhance its digital offerings in Asia. Under this new partnership, dacadoo will strengthen Manulife’s existing heal...

Guy Carpenter partners with insurtech RiskGenius on silent cyber

Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, Inc., has entered into a strategic partnership with RiskGenius on the detection and qualitative analysis of silent cyber exposure. RiskGenius is an insurtech firm that util...

Flood insurtech Neptune expands US presence

Neptune Flood Incorporated, a digital insurtech firm focused on the flood market, has announced its launch into Arkansas, Idaho and Illinois in the US. With its expansion into these states, a potential 6.7 million more households will now have access...

Blog: How tech kept the world ticking over

Qlaims Insurance's Mike Keating on how technology will help brokers, insurers and customers stay connected during the coronavirus outbreak.