AI and Technology – Page 5
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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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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
