All Insurtech articles
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Q&A: ICEYE on the utility of satellite data for flood damage mitigation
Sponsored: Rupert Bidwell, vice president for insurance solutions at ICEYE, talks to GR’s sister title Insurance Times about the power of leveraging satellite technology
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Insurtech euphoria has cooled, focus on immediate value – GAIF panel
An insurtech innovation panel debate at the GAIF34 event in Oman emphasised ways forward for insurtech, and AI in particular, to demonstrate the most value to insurance in the shortest time possible.
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Fourth Industrial Revolution progress report – Xceedance
The Fourth Industrial Revolution has been advancing more slowly than expected, but generative AI is accelerating change, says Justin Davies, head of region, EMEA, Xceedance.
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Axio announces Lloyd’s investment
Insurtech graduate of the Lloyd’s Lab focused on quantifying cyber risk for critical infrastructure.
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Technology 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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“Business as usual” for Ebix Europe despite Ebix Inc’s US Chapter 11 bankruptcy
The London market arm is unaffected by the US firm’s bankruptcy proceedings filed in Texas, with the launch of PlacingHub still set for January 2024.
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Steadfast in turbulent times – Mapfre's Huertas addresses Geneva Association Summit
To mark 50 years of the Geneva Association, a keynote address from Mapfre’s CEO touched on themes of technology, cyber, climate, and closing the protection gap.
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Four new satellites take ICEYE up to 31 deployed in space
SpaceX’s latest launch adds more radar imaging satellites to the picture for the synthetic aperture radar specialist, which serves governments, such as the US and Ukraine, as well as re/insurance markets.
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Q3 surge causes insurtech investment to surpass $1bn – Gallagher Re
Driven by a 25.5% quarter-on-quarter surge in P&C insurtech investment, new funding edged past a billion dollars to $1.1bn during the third quarter of 2023, up 19.8%, according to the latest Global Insurtech Report from Gallagher Re.
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Howden 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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Empowering 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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Asia 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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Supercede discusses the avoidable tax on poor quality reinsurance data
The digital revolution has reshaped countless industries, so why is reinsurance seriously lagging behind? Especially when the ability to harness and effectively manage data is becoming the critical determinant of success in our unique marketplace.
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Vesttoo seeks ‘breathing space’ with Chapter 11 bankruptcy filing
Insurtech firm Vesttoo has filed for Chapter 11 bankruptcy within Delaware, according to multiple reports.
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Gallagher 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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Fraud 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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Reinsurers 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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Concrete 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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Gallagher 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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HSBC 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