Although COVID-19 forced many insurers to seek out innovative solutions, most companies still have room for improvement, according to rating agency AM Best. In a recent analysis of innovation assessment scores, which the rating agency first introduced into the rating …
Consultant Capgemini and the not-for-profit Efma have launched a platform designed to bring fintechs and insurtechs together with traditional banks and insurers around innovation. The portal, named FinTechVisor, will have a feature that allows bankers and insurers to rate fintechs …
A three-year-old Des Moines, Iowa-based business startup accelerator focused solely on the global insurance industry has developed into a streamlined organization with more applicants, more investors and more mentors than in past years, its managing director says. “We’ve matured as …
Three days before the inauguration of President Donald Trump last week, a panel of experts on insurance regulation predicted that state and federal regulators of the financial services sector would refocus their efforts in the year ahead. Changes at the …
The re/insurance industry needs to innovate and become more efficient. It is facing more risk, but premiums are declining. Some of its products have become shop-worn and less relevant. Competitive pressures are immense. These are just some of the negative …
Global Insurance Accelerator (GIA), a Des Moines, Iowa-based global business accelerator focused on developing and growing innovative insurance-centric startups, has announced its 2016 portfolio. With a global pool of twice as many applicants compared to the previous year, the five …
An instech startup looking to disrupt the property/casualty insurance industry with a new business model has turned to four seasoned insurance executives from traditional carriers AIG and ACE Insurance to round out its executive team. Lemonade, the peer-to-peer (P2P) insurance …
Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more efficient. AIG, which is one of the world’s largest …
There are not many insurance executives who will quote inventor Thomas Edison, Microsoft’s Steve Baumer, futurist Alvin Toffler, Moore’s Law and philosophers Aristotle and Plato. There are also not many people in the insurance business who can flash business cards …
A technology that gives claimants more control of the claims process and another that makes data conversion easier for insurers have been named winners of the 2015 ACORD Insurance Innovation Challenge. ACORD, the insurance industry’s global data standards and services …
