Insurance companies are running out of ideas. They’ve bolstered their balance sheets since the financial crisis but have few racy growth prospects in a world of low interest rates, pricing pressure and regulatory hassles. Big mergers may be the most …
PwC has created a working blockchain prototype for the London Market’s Target Operating Model (TOM) Innovation Exchange, which demonstrates how the technology can support claims bordereau management processes, the company said. Completed over a six-week period, PwC said, the proof …
Insurance CEOs are more concerned than leaders in other industries about combined disruptive threats to their revenue growth prospects, according to findings from the 20th annual “PwC Global CEO Survey.” PwC polled 95 insurance CEOs from 39 countries, who expect …
Swiss Re has formed a strategic partnership with SAP SE, the enterprise application software company, to develop a solution to address the increasingly complex demands of global regulators, in the areas of financial steering and reporting. Insurance companies currently must …
XL Catlin has announced the appointment of Dr. Henna A. Karna as chief data officer, reporting to XL’s chief platform officer, Myron Hendry. Karna has more than 20 years’ experience leading data-driven, digital innovation and positive disruption within the insurance …
Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde & Co. Clyde & Co.’s insurance team …
Efma and Accenture have issued a joint call for entries for the second annual Innovation in Insurance Awards, with insurance and bancassurance companies invited to submit their entries by March 8, 2017. The Innovation in Insurance Awards are a global …
Allianz Worldwide Partners* has appointed Matthias Wuensche as director, Global Market Management and Innovation, where he “will play a leading role in developing new product and service offerings and position Allianz Worldwide Partners as the partner of choice,” the company …
Lloyd’s announced details of its new Corporation Operating Model (COM) that it said will enable it to deliver its Vision 2025* more effectively and efficiently. Effective Jan. 1, 2017, COM will enable Lloyd’s to keep “a sharper focus on its …
Lloyd’s of London recently announced the winners of its 2016 Innovation Awards. Beazley, Cromar, Hiscox and Tokio Marine Kiln each picked up awards for innovative products or new ways of working. Aon won most innovative Lloyd’s broker, as voted for …
