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Insurance

Chartered Insurance Institute seeks public’s view on ethical issues in data gathering

The Chartered Insurance Institute (CII) has welcomed a report saying that consultation with the public is essential in reaching a consensus on what constitutes responsible use of artificial intelligence (AI) and data.   27 September 2019

Insurance

FWD Group closes $3bn SCB Life acquisition deal; appoints new CEO from AXA

Asian insurer FWD Group has appointed David Korunić as the new chief executive officer for SCB Life Assurance Public Company (SCBLIFE), following the completion of its acquisition of SCBLIFE from The Siam Commercial Bank Public Company (SCB).   27 September 2019

Insurance

Willis Towers Watson appoints Joe Peiser to lead global broking strategy

Broker Willis Towers Watson has appointed Joe Peiser as global head of Broking within its corporate risk and broking segment.   27 September 2019

Insurance

The Hartford names Deepa Soni as new chief information officer

US-based property/casualty insurer The Hartford has appointed Deepa Soni as new chief information officer (CIO), succeeding Mark Esposito, who is retiring after a 13-year career with the company.   27 September 2019

Insurance

Scott Hallett appointed to new role of investment director at GRP

Global Risk Partners (GRP) has appointed Scott Hallett to the newly-created role as investment director.   26 September 2019

Insurance

Insurance groups urge delay on IFRS 17 until 2023 as 'significant issues not addressed’

Insurance bodies have called on the International Accounting Standards Board (IASB) to delay the implementation of IFRS 17, the new accounting standard, to 2023, saying a “number of significant issues have not been addressed”.   26 September 2019

Insurance

Satellite technology helps Lloyd’s speed up claims process for nat cat: McKenzie

Satellite imagery technology is a key part of the push at Lloyd’s in using technology to speed up claims payments following natural catastrophe events, according to McKenzie Intelligence Services (MIS).   26 September 2019

Insurance

AI insurtech omni:us lands €1.6m European funding to develop machine learning-powered claims solution

Berlin-based artificial intelligence (AI) powered insurtech start-up omni:us has secured €1.6 million of European Commission funding to develop its machine learning-powered insurance claims platform.   26 September 2019

Insurance

Re/insurance potentially 'decisive' in tackling climate change, Bank of England’s Mark Carney tells UN Climate Action Summit 2019

Mark Carney, the governor of the Bank of England, said the re/insurance sector has a “crucial” role and “unique contribution” to make in tackling climate change and smoothing the transition to a 1.5 degree world.   26 September 2019

Insurance

AXA XL bolsters mergers & acquisitions underwriting team in US

Insurer AXA XL has promoted promoted mergers & acquisitions (M&A) underwriting duo Michelle Jensen and Pietro Tarone in the US.   26 September 2019

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