Technology
Allianz invests $96.6m in emerging market insurtech
Allianz has invested $96.6m (£72.3m) in emerging market insurtech Bima.
Structured Data Capture now live for all classes of business
The first phase of Structured Data Capture is now complete and live across all classes of business in the Lloyd’s market.
Insurance start-up Insure Pal to launch £15m initial coin offering
Insurance start-up Insure Pal is raising $18m (£15m) in an Initial Coin Offering to fund its UK motor launch in H1 2018.
Blog: The cloudbuster’s guide to surge
Technology can’t influence the weather but can change its outcomes during surge, explains Claims Consortium’s operations director Connie Beasley.
Spotlight on professional indemnity: SME cover for 2017 and 2018
The competitive insurance market has triggered low premiums for professional indemnity cover but Terry Pegg, director of sales and marketing at Tokio Marine HCC, argues this does not mean that standards in policies or service levels should be slipping.
Brokers informed: The weakest link
Whether through human error or ignorance, companies are exposed to cyber risk through employees and must consider their defences
Brokers informed: Let's talk about cyber
Ransomware attacks and data breaches have brought cyber insurance to the headlines but is this raising awareness of the product and do customers and brokers now understand its value?
This month in Post: Takeovers, tech, trials and tinsel
This week saw one of the biggest takeover deals of 2017 while our December issue highlights a year of tech.
Policy Castle partners with smart home security system provider
Policy Castle has partnered with smart home security system provider, Cocoon, to provide its customers with discounted home insurance policy.
Helvetia Venture Fund acquires stake in Inzmo
Helvetia Venture Fund has acquired a holding in Estonian insurtech company Inzmo.
Davies Group boosts tech investment with innovation lab launch
Davies Group has launched an innovation lab to boost investment in technology and digital transformation.
Insurance firms listed in FCA sandbox
The Financial Conduct Authority has announced 18 firms will join its third regulatory sandbox cohort, including three working in the insurance sector.
Editor's comment: The tech revolution
While the Odgen discount rate changes hit the headlines, and terrorist attacks, the Grenfell Tower fire and the hurricanes in the US dominated the year, 2017 will definitely be remembered in the global insurance industry for its technological…
Interview: Wayne Xu, Zhong An
While all eyes are trained on the meteoric rise of Lemonade in the US, another insurtech player is causing widespread disruption in the East.
Cytora secures £4.4m for expansion plans
London-headquartered artificial intelligence start-up Cytora has secured £4.4m from investors to help expand its service internationally.
Hiscox launches virtual cyber unit, names management team
Hiscox has brought together its cyber expertise to form a ‘virtual business unit’.
Roundtable: Advanced underwriting in the digital age
Getting the most out of unstructured data can be complex. A recent roundtable discussed the resources available for underwriters to approach and tackle the problem
Analysis: Behind the scenes of a year-long Blockchain pilot
Blockchain has become a buzzword in the industry but few know what it means, even less so its implications for insurance.
Innovation in Insurance 2017: 'Most start-ups lack insurance know-how'
Insurtech start-ups need to consider having an advisory board of insurance experts, or risk failing due to a lack of knowledge and expertise, a conference heard.
Just one in 10 UK small businesses have cyber cover
Just one in ten UK small businesses have cyber insurance, according to a survey.
Innovation in Insurance 2017: Allianz UK plans to become 'digital by default'
Allianz will look to introduce further use of portals and big data over the next year in order to become more digitally driven, a conference heard.
Innovation in Insurance 2017: Tech investment 'only set to grow'
Insurers are putting increasing capital into technology as a means of getting around the lack of agility in existing business models, a conference heard.
Rising Star: Richard Hartley, Cytora
Richard Hartley is CEO and co-founder at technology start-up Cytora
Minster's Shirley Woolham on why robots won't replace lawyers
Artificial intelligence is taking over mundane legal functions but is not killing off lawyers, says Shirley Woolham, chief operating officer at Minster Law.