Category : Insurtech (Insure Tech)

CDL reports falling profits and turnover for 2019

Commercial director Nigel Phillips says performance was impacted by the "challenging economic and political climate".

Symetra Partners with Nassau Re/Imagine insurtech incubator

Symetra Life Insurance Company has announced a partnership with the Nassau Re/Imagine insurtech incubator designed to tap the creative and developmental opportunities in the region’s insurance industry talent pipeline. The program currently supports...

Digitising and Innovating Your Business Operation

Broker Extra 2020: Brokers have largely failed to be a part of the fintech scene, but is there growing realisation of the opportunities that exist… and could the pandemic hasten investment in this area?

Insurance Covid-Cast: Future of Insurance Work – Lesson learned to help Gen Y employees adjust to a new work/life balance post-pandemic

For the 33rd episode of Post and Insurance Age’s video series we gathered together a panel of senior HR and talent managers to discuss the feedback they have had from millennials about how they have experienced lockdown and how insurers might adapt i...

Insurance Covid-Cast: Future of Insurance Work - What do millennials want from their employers; and has it shifted due to Covid-19?

For the 32nd episode of Post and Insurance Age’s video series we gathered together a panel to discuss how millennials have experienced lockdown and what temporary practices they would like to see made permanent.

Usage-based insurance gains funding amid pandemic: GlobalData

Usage-based insurance (UBI) continues to attract funding despite the fall in insurtech investment due to COVID-19, according to data and analytics company GlobalData. A recent survey by GlobalData found that 9.7% of drivers in the UK currently have a...

DXC business targeted in ransomware attack

IT services provider DXC Technology has confirmed that its subsidiary, Xchanging, has been targeted in a recent ransomware attack. Xchanging is an insurance managed services business based in London that operates on a standalone basis. DXC said it wa...

Lloyd’s Lab adds three start-ups to COVID-19 program

Insurance and reinsurance marketplace Lloyd’s of London has started working with three new insurtech start-ups to help the market respond to the COVID-19 pandemic. As part of a package of measures to respond to the crisis, Lloyd’s has expanded the sc...

Insurance Covid-Cast: Insurtech 100 special – Tencent We Sure CEO Alan Lau

For the 31st episode of Post and Insurance Age’s video series we returned once more to the Insurtech 100 compiled by Sonr Global to spotlight the number two ranked start-up We Sure.

Lemonade secures $319m in IPO off $29 a share

Insurtech start-up Lemonade has raised $319 million at its Initial Public Offering (IPO) after high-demand saw its price increase to $29 a share. Lemonade commenced its IPO last week with an expectation that it would offer 11 million shares of its co...

Innoveo & SIMS partner on digital transformation in Middle East

Zurich-based global technology provider Innoveo has partnered with Sidani Innovative Management Services DMCC (SIMS), a Dubai-based boutique and corporate innovation accelerator, to support the adoption of new technologies in the Middle East re/insur...

Insurance Covid-Cast: What next for Managing General Agents?

In the 30th episode of Post and Insurance Age’s video series we gathered together an expert panel to discuss what the future holds for managing general agents.

Health insurtech Oscar closes $225m funding round

Direct-to-consumer health insurer Oscar has announced the closing of a $225 million funding round. Oscar notes how this latest funding will help ensure continued growth off its $2 billion revenue base and puts the company on a path to advance its mis...

Insurtech Picking up Steam in Asia

Insurtech is evolving rapidly in Asia with players taking big steps forward and deal counts multiplying as the growing wealth and middle class in huge markets like China, India and part of Southeast Asia, are bringing in opportunities for incumbents,...

Insurtech may offer insurers a route out of the pandemic

New research by Cass Business School has outlined how insurtech may offer a route out of the pandemic for insurance companies. It’s suggested that Covid-19 will act as a catalyst for the industry-wide adoption of new digital initiatives in the...