AI and Technology – Page 4
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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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NewsMerged insurtech platforms to supercharge treaty renewals
The tech speeds up submissions and improves accuracy of risk pricing, helping reduce reinsurers’ loss ratios
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NewsCyber war endorsements could invite innovation
These include the LMA war exclusion clauses introduced in November 2021
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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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NewsNext Gen platform will go live in February 2023
In 2022, PPL bound approximately 200,000 risks – three times the number before the pandemic
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NewsInsurance sector ‘perfectly positioned’ for carbon removal action – Swiss Re
Swiss Re’s senior risk manager advises underwriters to not be ‘scared’ of providing cover for carbon removal
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NewsLime Syndicate Management gets green light from Lloyd’s
Headed up by former Barbican boss David Reeves, it will offer new clients a legacy-free ‘plug and play’ solution
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NewsDelays continue to hinder Blueprint Two delivery
The programme is at a ’pivotal’ point, says John Neal, as he insists the programme will be delivered in 2024
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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
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NewsDigital syndicate Ki appoints underwriter
Marsh joins from Sompo International, where she held the role of International Casualty Treaty underwriter
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NewsInsurtech investment hits $2.35 billion in Q3 as appetite returns
There is a growing realisation that incumbents are to be supported, not displaced - Gallagher Re
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NewsLloyd’s postpones two milestones in latest Blueprint Two update
The marketplace’s chief executive said vendor support was essential to achieve adoption milestone
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NewsReinsurance sector needs to invest in cloud-enabled analytics
Although PWC partner believes reinsurance is ‘a little bit behind’ the primary market in terms of digital transformation, Acord vice-president thinks the sector is ‘on the edge of insurtech’
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NewsLockton Re is ‘fixated on culture’ – Tim Gardner
Alongside a strong culture focus, the reinsurance broker is also ‘born digital’, homing in on cloud-based tech rather than ’30-year-old legacy systems’, says global chief executive
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NewsOver three quarters of re/insurers remain digital laggards
Fewer than 25% have truly digitised the value chain, despite the accelerating transformation of the last two years - ACORD
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NewsMunich Re launches AI validation service
CertAI will assess the use of artificial intelligence for the insurance risks of tomorrow
