AI AND INSURTECH – Page 4
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NewsQ3 surge causes insurtech investment to surpass $1bn – Gallagher Re
Driven by a 25.5% quarter-on-quarter surge in P&C insurtech investment, new funding edged past a billion dollars to $1.1bn during the third quarter of 2023, up 19.8%, according to the latest Global Insurtech Report from Gallagher Re.
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NewsRisks associated with AI and big data becoming more of a concern – Axa
’As an insurer, our role is to propose solutions and we are fully mobilised to fulfil it,’ says chief executive
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NewsHowden Ventures innovation hub launches with £500m capacity
New incubator backed by delegated underwriting capacity from backed by Lloyd’s underwriters, including Tokio Marine Kiln, Chaucer, and Liberty Specialty Markets. Its first investment was named as CetoAI, a marine technology firm.
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NewsSwiss Re calls for insurance innovation to meet digital risks
Latest Sigma study from the Swiss Re Institute focuses on the threat posed by a digital risk protection gap.
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NewsEmpowering Insurance Agility: Technology’s Crucial Role in Advanced Exposure Management
In the intricate tapestry of re/insurance, where uncertainty and opportunity entwine, effective exposure management emerges as the compass guiding insurers through a dynamic, ever-evolving market, writes Ebix Europe sales director James Pring.
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NewsAsia Pac climate, cyber, sustainability focus for the latest Lloyd’s Lab cohort
The insurtech incubator for developing innovative insurance products in the Lloyd’s market welcomes its 11th cohort of 12 startups.
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NewsSupercede discusses the avoidable tax on poor quality reinsurance data
The digital revolution has reshaped countless industries, so why is reinsurance seriously lagging behind? Especially when the ability to harness and effectively manage data is becoming the critical determinant of success in our unique marketplace.
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NewsVesttoo seeks ‘breathing space’ with Chapter 11 bankruptcy filing
Insurtech firm Vesttoo has filed for Chapter 11 bankruptcy within Delaware, according to multiple reports.
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NewsGallagher Re: Insurtech funding falls in second quarter
Insurtech is un a secondary phase, focusing on the ‘how’ rather than the ‘what’ says reinsurance broker’s global head of insurtech.
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NewsFraud investigation at insurtech unicorn Vesttoo
External auditors are probing “inconsistencies” at the AI-based broking platform for collateralised reinsurance and ILS deals.
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NewsReinsurers need to modernise to stay differentiated
Technological investment by reinsurers is critical to remain relevant and will lead to greater long-term financial health, writes Tim Spencer, Duck Creek’s reinsurance leader for London Markets, UK, and Ireland.
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NewsConcrete returns from London market digital transformation – WTW
Analysis of 49 Lloyd’s syndicates showed early adopters showed a 6% improvement in their aggregate combined ratio, over those firms only just getting started on digital transformation.
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NewsGallagher Re heralds new era of insurtech investment
Tech investment across insurance bounced back from last year’s final quarter to hit $1.39bn in this year’s first three months, according to reinsurance broker Gallagher Re.
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NewsAI: the game changer for reinsurance profitability and efficiency
Article by Heather Wilson, CEO, CLARA Analytics
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NewsHSBC buys UK arm of stricken Silicon Valley Bank
Deal rescues a key lender for technology start-ups in the UK and helps curb fallout from the biggest bank collapse since 2008
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NewsSCOR extends partnership with insurtech Concirrus
Partnership will allow underwriters to more accurately price future risks within SCOR’s marine line of business
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NewsInsurTech ‘disruption’ narrative is over - Gallagher Re
InsurTech investments dropped ‘dramatically’ in 2022 as venture capitalists focus on profitability
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NewsOver $24 billion premium renewed via Supercede platform
Co-founder predicts 2023 will be an important year for ’reinsurtech’ as customers report 85% operational savings
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NewsCyber risk calls for collaboration between reinsurers and ILS funds
Successful growth of the cyber insurance industry requires deeper partnerships across the value chain - CyberCube
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NewsBeazley Smart Tracker gains full syndicate status
Will Roscoe, who has managed the Smart Tracker since 2019, has been appointed its active underwriter
