Technology, Internet News

Blockchain – Where Hype Meets Potential Magic: Opinion

Blockchain, the technology behind Bitcoin and other digital currencies, isn’t quite as novel or omnipotent as many have advertised it to be. That doesn’t mean, however, that it can’t do wonders in the world of finance. The World Economic Forum …

‘Xuber for MGAs’ Platform Delivered for Castel Underwriting

Xuber, the insurance software business of Xchanging, a unit of CSC, announced the delivery of its “Xuber for MGAs” platform for London-based Castel Underwriting Agencies Ltd. Xuber for MGAs is a flexible digital platform that enables Castel to provide and …

Some Sage Customers Open to Data Breaches Because of Their Own Lax Security

Sage Group, already hit by an insider data breach this week, then found itself racing to shut down security lapses by more than 20 customers after a U.S. researcher uncovered stores of their corporate data exposed online. The British financial …

Willis Towers Watson Launches New Version of Pricing Software Radar 2.0

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 Canada Launches E-Traded D&O Platform in Response to Broker Demand

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 …

Fintech Startup Gets German Banking License – with Plans to Offer Insurance

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 …

SoftBank & Honda Aim to Develop Talking Cars that Read a Driver’s Emotions

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 …

Motor Insurers Need to Adapt to Ward Off Competition from Car Manufacturers

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 …

Internet of Things Is Industry Disruptor that Could Benefit Innovators: Efma Report

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 Launches Online Broker Platform

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 …