Following the release of its annual talent and diversity survey results, The Association of British Insurers (ABI) has revealed that gender diversity within the insurance industry has improved, but the change is minimal at a senior level, and more work is required to ensure the gender gap decreases and ensure ‘the future success of the industry’.
The new Quarterly InsurTech Briefing from global advisory, broking and solutions company Willis Towers Watson focuses on cyber insurtech, looking at the tools, models, services and solutions that price cyber as a risk and provide solutions for the aftermath of an attack.
In a move which excels it to the forefront of European corporate-backed venture capital funds, European insurer Allianz SE has announced additional investment in its tech investment fund Allianz X, increasing the size of the fund to €1 billion.
Insurtech managing general agent Tapoly has announced the launch of a new software as a service (SaaS) solution for brokers.
The product, based on a licensing and delivery model that offers software on a subscription basis, aims to save brokers time, allowing them a greater level of control and flexibility by providing access to a number of on-demand insurance products that can be tricky to obtain otherwise. It also enables brokers to access new revenue streams by accessing the UK’s sharing economy.
KPMG International, a global network of professional firms providing audit, tax and advisory services, has released its latest Pulse of Fintech report, which revealed that, over the past year, on a global level, there were 13 insurtech deals over US$100 million, but that the overall global value of the insurtech market actually fell in 2018.
The European Insurance and Occupational Pensions Authority (EIOPA) has issued recommendations for the insurance sector in light of the UK withdrawing from the European Union without a withdrawal agreement