AI and Technology – Page 2
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NewsBlueprint Two delayed after LMA request
A statement from Lloyd’s confirms phase two of its digital transformation plan is being pushed back from October 2024 to April 2025 after a request from the LMA’s board.
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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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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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NewsAon touts $200bn transformative tech opportunity for insurers
Prescriptive Analytics alone will generate more than $100bn in fresh premium by 2030, according to the re/insurance broker.
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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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NewsSiriusPoint appoints new CTO to exec leadership team
New chief technology officer Nestor Lopez to lead the Bermudian re/insurer’s data strategy.
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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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NewsElectronic placement at Lloyd’s: What does good look like?
Data, data, everywhere - Peter Smyth, vice president of PlacingHub developer Ebix Europe, shines the spotlight on the data-driven approach, swift onboarding, and API-first strategy that are now essential elements of successful London market electronic placement platforms
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NewsAI: the game changer for reinsurance profitability and efficiency
Article by Heather Wilson, CEO, CLARA Analytics
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NewsLloyd’s provides Blueprint II progress update after ‘great’ 2022
’2023 will be an important year for the delivery of Blueprint II,’ says chief executive
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NewsLloyd’s names Bob James COO; doubles down on technology delivery
He will focus on aligning the Blueprint Two programme with the wider Corporation Operations function
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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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NewsDWIC 2023: Plenty of cause for industry optimism
Despite choppy environmental, economic and geopolitical conditions, there are green shoots of opportunities for the industry
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NewsACORD: Digitisation is a baseline necessity
Disruptors will capture a material share of premium and profit by 2040, according to a quarter of respondents
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