The Pennsylvania Insurance Department (PID) has launched a new program that aims to encourage the insurance industry to deliver innovative insurance solutions and products. Keystone Smart Launch seeks to help reduce barriers and speed up the regulatory process so Pennsylvania …
The winners of the sixth annual Innovation in Insurance Awards have been announced by Efma and Accenture, which jointly established the awards in 2016 to recognize technology innovation. At a virtual ceremony, Generali was a big winner, receiving four out …
Lloyd’s announced the next 11 insurtech start-ups that are participating in the sixth cohort of its Lloyd’s Lab innovation accelerator program. These insurtechs will be focused on creating simpler products for customers, including building solutions related to climate risks. This …
Efma and Accenture are now accepting applications for the sixth annual Efma-Accenture Innovation in Insurance Awards, which recognize insurers and insurtechs that are transforming the insurance industry. Established in 2016, the awards celebrate the most innovative projects and ideas in …
The TRUMPF Group and Munich Re Group are entering into a strategic partnership for a “pay-per-part” business model, which enables customers to use a full-service laser machine without having to buy or lease any equipment. Instead, customers pay a previously …
Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or downtime. Parametrix Insurance offers simple and reliable coverage by removing the traditional indemnity trigger that most insurance policies …
ACORD, the standard setting body for the global insurance industry, is experiencing a massive jump in global reinsurance and other industry interest in its digital products and services, CEO Bill Pieroni said. The increase comes as reinsurers and carriers, already …
Willis Towers Watson announced the appointment of Fiona Shaw as its new head of data, analytics and innovation for its Global Fac division. Shaw has extensive insurance, reinsurance and analytics experience having spent 30-plus years at Willis Towers Watson, initially …
Lloyd’s has started work with three insurtech startups to help the market respond to the COVID-19 pandemic. As part of its package of measures to respond to the COVID-19 pandemic, Lloyd’s has expanded the scope, process and timings for new …
Efma, an association of more than 3,300 retail financial services companies in 130 countries, and Accenture, the professional services company, have announced the winners of the fifth annual Innovation in Insurance Awards during a virtual awards ceremony. The awards competition, …
