All Innovation articles – Page 5
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NewsGuy Carpenter launches GC Access, a dedicated programme business unit underpinned by market-leading analytics support
Guy Carpenter announced today the launch of a new business unit GC AccessSM to provide dedicated MGA programme business solutions. GC Access offers a range of services to carriers and MGAs operating in the dynamic programme market. This includes carrier and reinsurance transactions, captive support, insurtech expertise and programme startup ...
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News‘Time is ripe’ for technology transformation says Kingfisher
The broker’s group director of transformation tells Insurance Times about its newest technology partnership and how the business plans to revamp back office functionality to support both staff and customers
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ViewpointsLloyd’s sets out recommendations for building simpler insurance products in response to COVID-19
Lloyd’s today published a new report, Building simpler insurance products to better protect customers, which sets out a number of ways the global insurance industry could remove complexity and provide enhanced coverage clarity for their customers.
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ViewpointsFuture of insurance: Rise of parametric covers
Special edition: Future of business. In The Future of Business series, sister title StrategicRISK, in association with Swiss Re Corporate Solutions, look at the scale of change in the industries that are driving real innovation and shaping the future of business, and consider the impact from a risk and insurance ...
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News360Globalnet boss says no code technology is ‘next big thing’ for insurance
The insurtech’s chief executive, Paul Stanley tells Insurance Times why no code technology is going to be the ’next big thing’ in insurance and reveals how the technology’s flexibility allowed 360Globalnet to build its own Track and Trace System
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White PapersFitch Global Reinsurance Guide 2021
Fitch Ratings has published the 11th edition of its Global Reinsurance Guide. This document provides reinsurance brokers, security committees and reinsurance investors with Fitch’s latest research and views on the global reinsurance sector.
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NewsBlog: Airmic Fest 2020 Daily News Summary
Full coverage from the 3-day virtual event in September 2020 - Corporate Risk Insights
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NewsBlog: Insurance innovation race raises speed versus sustainability questions
André Symes, managing director of international and chief growth officer at Genasys, explores whether insurance product quality and long-term sustainability is being sacrificed for faster turnaround speeds on sector innovations
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NewsInsurance industry must find ‘right’ capital management strategy to navigate losses
The insurance industry must find the “right” capital management strategy to navigate losses. One driver for this is social inflation, however the change in legal environment, different mindsets in juries, third party claims and medical advancements have all made claims increase.
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NewsMS Amlin Underwriting Limited selects Allphins Platform for specialist exposure management data
MS Amlin Underwriting Limited (MS AUL), the Lloyd’s (re)insurer, today announces it has entered into a service agreement with Allphins, the Insurtech data analytics platform, to support its exposure management capabilities. The agreement will enable MS AUL’s marine and energy reinsurance division to use the Allphins platform to digitalise existing ...
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NewsChief ‘flexibility’ officer: COVID-19 forcing CFOs to become ‘change agents’ and ‘strategists’
According to a recent survey by Grant Thornton LLP, COVID-19 has forced chief financial officers (CFOs) to become “change agents” and “strategists” — while still overseeing their day-to-day finance responsibilities.
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AnalysisILS Capital Completes First-Ever Securitisation of Trapped Capital, Solving Reinsurance Industry Problem
Marking a milestone in asset-backed securities, ILS Capital Management, a Bermuda-based investment firm specializing in insurance and reinsurance investments, has completed a $57 million offering of 5.50% asset-backed notes, a securitization of the residual value of trust accounts supporting reinsurance contracts (known in the industry as trapped capital).
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NewsLloyd’s Lab selects ten new InsurTechs for fifth cohort focused on COVID-19 risks
More than 140 applications were received from across the world for the fifth cohort of the Lloyd’s Lab, which begins 7 September 2020.
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NewsOneConnect and Swiss Re to Partner on Smart Claims to Europe
OneConnect and Swiss Re are joining forces to co-develop a digital end-to-end solution for motor claims handling for the European market, based on artificial intelligence (AI) and advanced data analytics .
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People & Opinion‘Future of insurance as insurtech’ more crucial than ever says Insurtech Board chairman
The future of insurance is insurtech and this is more important now than ever as the UK emerges from lockdown, according to the chairman of the Insurtech Board (Tech Nation UK).
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AnalysisREPORT: Global guidance on the integration of environmental, social and governance risks into insurance underwriting
After a multi-year global consultation process, leading insurers from around the world and the UN Environment Programme (UNEP) launched last the first global insurance industry guide to tackle a wide range of sustainability risks—from climate change, ecosystem degradation, pollution and animal welfare and testing; to child labour, controversial weapons, and ...
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Online onlySCOR LAUNCHES AN INSURANCE INFORMATION PLATFORM IN CHINA
In the battle against COVID-19, SCOR has set up an insurance information platform in China to help those on the frontlines stay informed of their rights and access cover.
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NewsSwiss Re announces a strategic alliance with Microsoft
Swiss Re to create a Digital Market Center using Microsoft’s data analytics and artificial intelligence capabilities to transform how risks are predicted, managed and insured
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ViewpointsAon: Developing the Asian modelling landscape
Catastrophe risk poses one of the big challenges for Asia Pacific’s economies. Modelling solutions need to keep up with the reinsurance market’s developing exposures, Brad Weir, Head of Analytics for Asia at Aon’s Reinsurance Solutions business tells GR.
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AnalysisInsurtech MGAs: a marriage made in heaven?
Startup insurtechs are favouring the MGA model for a gateway into the industry to avoid becoming just another service provider to traditional insurance companies. David Benyon reports
