innovation News

Lloyd’s Lab Begins Global Search for Insurtech Talent

Lloyd’s Lab, the global insurance market’s new innovation sandbox, is launching a global search for tech talent to partner with the Lloyd’s market and develop solutions for its unique and rapidly changing needs. In order to support its digital evolution, …

European Insurtech Investment Growth Surpasses North America in 2017: Accenture

Global investment in the insurance technology (insurtech) industry surged in 2017, with Europe emerging as a new insurtech hub outside the U.S., according to new research from Accenture. The research, which includes new analysis of CB Insights data on insurtech …

UK Broker BMS Launches Innovation Lab to Drive Company, Industry Transformation

BMS Group Ltd., the London-based re/insurance broking arm of Minova Insurance, announced the launch of BMS Innovation Labs, a platform that aims to drive change and innovation within the company and the wider insurance industry. BMS Innovation Labs will focus …

Greenlight Capital Re Launches Innovation Unit

Greenlight Capital Re Ltd., a Cayman Islands-based specialist property and casualty reinsurance company, has launched an innovation unit called Greenlight Re Innovations. Headed by Greenlight Re’s Chief Operating Officer Michael Belfatti, the new unit will use technology, data and new …

AXIS Capital Restructures to Focus More on Tech & Innovation

AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth. Executives hope to put the new changes in place during the 2018 second quarter. The Bermuda-based …

Lloyd’s Signs Deal with Artificial Intelligence Specialist, Expert System

Lloyd’s of London wants to infuse artificial intelligence (AI) technology into the daily business it does with its customers. The world’s largest insurance market signed a global deal with Expert System that will bring on cognitive automation, via the company’s …

Carpenter Appoints Yoder to Lead Global Innovation & Product Development

Guy Carpenter & Co., the reinsurance brokerage subsidiary of Marsh & McLennan Cos., has appointed Claude Yoder as managing director and global chief innovation and product officer, effective Sept. 18. Yoder is based in New York and reports to Rob …

Startupbootcamp Launches Insurtech Accelerator in Hartford

Startupbootcamp, a London-based insurance accelerator that focuses on identifying globally-located disruptive and collaborative insurance and technology innovations, has announced the launch of its new InsurTech Accelerator in Hartford, Conn., designed specifically to rapidly scale insurance-focused technology startups. The InsurTech Accelerator, …

Massachusetts’ Knight-Dik Insurance: 100 Years, Four Generations

When Thomas Babb launched his insurance agency – Thomas Babb Insurance Agency – in an 11-story building in downtown Worcester, Mass., in 1917, he also launched a legacy that would span a century of growth and four generations of leadership. …

AXA Launches Unit Focusing on Innovation, New Business Models with Phillips as CEO

AXA has appointed Joyce Phillips as chief executive officer of a new business unit dedicated to customer innovation and new business models. Phillips becomes a member of the management committee of AXA Group and reports directly to Thomas Buberl, CEO …