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Softbank’s communication and technology expertise and network of hi-tech investments would give Swiss Re a competitive advantage as the re/insurance sector adapts to transformational technologies that will over time test its business model, according to Moody’s. 12 February 2018
News
It is insurers’ claims departments that will benefit most from the progress towards automation and machine learning that is being made, says Elena Rasa, chief underwriting officer, Gruppo Zurich Italy. 12 February 2018
News
Zurich-based reinsurance giant Swiss Re is in talks with Japanese conglomerate SoftBank Group regarding a potential minority investment in the reinsurer, according to a Feb. 7 statement. 8 February 2018
Insurance
German industrial lines insurer HDI Global has unveiled plans to launch a new accident & health (A&H) department for the UK and Ireland. 5 February 2018
Insurance
Blockchain technology could reduce re/insurer’s administrative costs by up to 30 percent by making transactions faster and more efficient, according to Ken Marke, director for strategy and business development at Ageas Group and chief marketing officer of B3i. 29 January 2018
Insurance
Bermuda-based Qatar Insurance Company (QIC) continues expanding the business to become a “global top 50 insurance group” despite a challenging 2017. 24 January 2018
Insurance
American International Group (AIG) is taking over Validus in order to diversify the business into reinsurance and to add a Lloyd’s syndicate, management suggested in a Jan. 22 conference call discussing the deal. 22 January 2018
Insurance
California-based insurtech company Hippo has raised $25 million in Series B funding, led by Comcast Ventures and Fifth Wall, and other fintech investors. 22 January 2018
Insurance
Insurance broker Lockton has hired Zurich Insurance's head of financial lines to strengthen its professional services team in the UK. 22 January 2018
Insurance
Specialist tech insurer InMyBag is targeting £500,000 through crowdfunding as it launches an offering to replace gadgets. 22 January 2018
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