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Top news from the wider insurance industry, including major insurance trends, company news, and industry issues.
As of October this year, global fundraising for insurtech startups had already surpassed the volume reached over the entirety of 2017, according to advisory firm Hampleton Partners.
Insurtech firm Cover Genius has been selected by P2P campervan sharing business GoBoony as its global insurance partner.
Global risk modelling and analytics firm RMS has estimated that the Camp and Woolsey wildfires in California, US, could cost between US$9 billion and $13 billion in total.
In news that may bring the hard reality of Brexit home to some, Lloyd’s of London’s Brussels is officially operational.
China-based Ping An Insurance has said that it plans to majorly up its investments in the fintech and medtech spheres over the next decade.
Willis Towers Watson has announced that it will be providing Ticker, a new telematics-based insurer, with access to the latest iteration of its Radar pricing software.
Australian insurance, investment and superannuation provider ANZ OnePath has announced the launch of its new predictive underwriting system.
According to analysis from global law firm Reynolds Porter Chamberlain (RPC), 2017 saw a 40-per-cent jump in the number of insurtech patents being filed worldwide.
New research from Consumer Intelligence and The Digital Insurer suggests that UK insurers are failing to exploit technology to its fullest potential, with their service offering – and customer satisfaction – suffering as a consequence.
Impact Forecasting, part of Aon, has released the October 2018 edition of its monthly Global Catastrophe Recap, which suggests that Hurricane Michael could cost the US economy as much as $15 billion.
Italian insurer Generali recently opened a new office in Moscow, a move described by the company as ‘an important milestone’ in its expansion plans for Russia.