June 17, 2016
While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have put FinTech at the heart of their corporate strategies, according to report published by PwC. As customers demand personalized insurance …
June 15, 2016
German insurer Allianz expects the technology underpinning virtual currency bitcoin to encourage trading in catastrophe bonds, which transfer the risk of natural disasters such as hurricanes to investors. “Cat bond” payments between insurers and investors can take weeks or even …
June 14, 2016
Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline, according to a survey completed by Xuber, the insurance software business …
June 2, 2016
Insurance technology firm Atticus Associates has launched its data quality platform, Atticus DQPro, with London-based specialty insurer Brit Ltd. as its first customer. “DQPro has been built for the needs of the global re/insurance market, allowing insurers to more effectively …
May 24, 2016
China’s second-biggest insurance company, Ping An Group, has become the first Chinese member of a global consortium led by fintech firm R3 which is working on ways blockchain technology can be used in financial markets, the companies said on Tuesday. …
May 16, 2016
Europe’s biggest software company, SAP, is the subject of a U.S. security alert over a vulnerability the firm disabled six years ago that can still give outside attackers remote control over older SAP systems if the software is not properly …
May 5, 2016
CSC, the TYSONS, Va.-based technology solutions and services provider, announced it has completed the acquisition of Xchanging plc. “CSC and Xchanging together will create a leader in technology and business process services for the global insurance industry, significantly expanding CSC’s …
April 27, 2016
Aon Benfield, the global reinsurance intermediary and capital adviser of Aon plc, has launched ReMetrica Version 7.0 – its next generation platform for risk and capital modeling. Following Solvency II and equivalent regulation, insurers are demanding more value from their …
April 21, 2016
Ruschlikon, the global community of insurers, brokers and reinsurers with a mission to optimize industry administrative costs and enhance client services, announced achieved several important milestones in 2015 — a year that saw an expansion of its global footprint. Ruschlikon* …
April 15, 2016
Workers’ compensation, geopolitical risks, recalls, disaster response, the captive industry and cyber security were among the topics of sessions held throughout the final day of the annual RIMS conference for risk management and insurance professionals in San Diego, Calif. The …