March 22, 2018
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 …
March 15, 2018
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 …
March 7, 2018
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 …
January 24, 2018
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 …
October 9, 2017
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 …
October 5, 2017
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 …
September 27, 2017
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, …
June 28, 2017
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. …
May 17, 2017
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 …
April 28, 2017
Emerging technologies such as artificial intelligence, the internet of things (IoT) and blockchain were prominently featured among the winners of the second annual Efma-Accenture Innovation in Insurance awards. Aimed at showcasing the best examples of insurance technology innovations in multiple …