Willis Towers Watson has released a new version of its Radar pricing software to enhance support for the growing demand for pricing sophistication from property and casualty (P&C) insurance markets around the world. “The leap forward in processing speed of …
Pen Underwriting Canada has launched a purpose-built, e-trading platform for directors and officers insurance, in response to broker demand for a quick-quote, competitive D&O solution. The platform is simple, straightforward and responsive – able to quote and issue a policy …
N26, a Berlin startup that offers financial services directly to consumers, said Thursday it’s received a German banking license that will let it offer a fuller range of products across Europe. The company, whose mobile app lets European consumers maintain …
On the heels of its $32 billion takeover of chip designer ARM Holdings, SoftBank Corp. founder Masayoshi Son is embarking on another “crazy idea”: talking cars that can read a driver’s emotions. The Japanese telecommunications and internet corporation said on …
As internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers. Insurers have struggled for years to make a profit from motor insurance due to intense competition and …
The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, connected cars and the use of …
Tokio Marine Kiln (TMK) has launched “One TMK,” a digital exchange for brokers to quote and bind policies on-line in real time. The web-based platform has been developed to help brokers lower their transactional costs and significantly speed up the …
Octo Telematics SpA, the Italian car insurance-technology company, is pursuing an outright sale alongside preparations for an initial public offering, according to people with knowledge of the matter. Octo, owned by Russia’s Renova Group, is working with advisers to seek …
Neon, the specialist Lloyd’s insurer, announced that it has selected TigerRisk Partners’ TigerEye platform as its pricing and roll-up tool to support the company’s increasing presence in the property reinsurance marketplace. As previously announced, after completing a strategic review of …
Channel Syndicate 2015 at Lloyd’s is launching an Innovation Division, which will further structure Channel’s activities and organization to explore new classes and opportunities outside its traditional portfolio. The Innovation Division will support Channel’s commitment to new technologies and its …
