AI and Technology – Page 3
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NewsAxio announces Lloyd’s investment
Insurtech graduate of the Lloyd’s Lab focused on quantifying cyber risk for critical infrastructure.
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NewsInterview with GAIF’s Chakib Abouzaid: Is the Gulf region an awakening insurance giant?
It’s one thing to lead an insurance federation during a period of small, incremental change. But the role is different when the regional industry is undergoing a broad and deepening transformation.
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NewsTechnology is driving market change – Swiss Re Solutions’ Higginbotham
AI isn’t putting commercial and specialty lines underwriters out of a job anytime soon, but technology can reduce the protection gap, expanding the re/insurance market into fresh pastures, Russell Higginbotham, CEO of reinsurance solutions, Swiss Re suggests.
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NewsHiscox, Google Cloud launch AI collaboration on London market lead underwriting “from submission to quote”
Augmented underwriting by the insurer’s Hiscox London Market division could reduce the time for lead open-market quotes from three days to three minutes, Hiscox said.
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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
