Technology

Improve your data, improve your decisions…

With more than 60 years of experience in providing data to the reinsurance industry, Axco has launched a new tool that aims to offer a whole world of information, just as you want it. Axco’s managing director Mark Trumper and senior product manager Sanyam Garg explain all…

An opportune time for reinsurance innovation

EY’s Jeffrey Gill, Philip Vermeulen and Anita Sun Yong Bong on the innovation options open to (re)insurers.

Unlocking the future of reinsurance with advanced technical accounting

In an industry as crucial and complex as reinsurance, staying ahead of technological advancements isn’t just beneficial, it’s imperative, writes Isabelle Clausner, vice president – client executive, EMEA at Xceedance.

Reducing friction in reinsurance recoveries with satellite data

Rapid access to accurate hazard and damage data is essential to a smooth recovery process, believes ICEYE’s Rupert Bidwell.

Aon partners with ICEYE to access global flood and US wildfire data

Aon and ICEYE have expanded their partnership with the broking giant licensing the satellite data firm’s global flood insights and US wildfire data.

The data-driven future of reinsurance and how to stay in the race

As technological advancements in reinsurance gather pace, Louis de Segonzac, chief underwriting officer – Americas for MS Re, considers how humans are still part of the process.

Ebix exits bankruptcy after acquisition by Indian firm Eraaya

Ebix, a US provider of on-demand software and e-commerce services to industries including insurance, has emerged from bankruptcy after consolidating with Indian lifestyle and hospitality company Eraaya LifeSpaces.

Cyberwrite expanding into cat modelling after hiring Lloyd’s emerging risks head Lo Giudice

Risk quantification firm Cyberwrite is launching a new cyber catastrophe modelling practice led by Lloyd’s former head of emerging risks Marco Lo Giudice, Cyber Risk Insurer can reveal.

Root partners with Goosehead on quote delivery process

Insurtech Root has penned a technology integration partnership with personal lines agency Goosehead Insurance to simplify the sales process for independent insurance agents.

Velonetic CEO out as Lloyd’s parachutes in Bob James to take charge of struggling Blueprint project

Lloyd’s has today published a new timetable for phase one testing of its delayed modernisation project Blueprint Two while parachuting in its COO Bob James to directly oversee progress in place of former Velonetic CEO Chris Halbard.

Aon adds D&O to Risk Analyzer offerings

Aon has unveiled its D&O Risk Analyzer, with the offering aimed at enabling risk managers and brokers to better assess executive risks and tailor “more impactful” insurance programs, according to the firm.

Arch NA bolters digitisation with Cytora partnership

Arch Insurance North America has partnered with digital risk processing platform Cytora to digitise its risk intake and streamline workflows.

Hiscox-Google Cloud GenAI underwriting model goes live

Hiscox has launched its Google Cloud-backed generative AI underwriting model for sabotage and terrorism insurance quotes.

Whitespace introduces digital contract builder library

Verisk-owned electronic trading platform Whitespace has continued to expand its platform with the launch of new library and contract builder capabilities.

Lloyd’s CEO John Neal says there is now a “credible timeline” for the delayed Blueprint modernisation programme

The delivery timetable for the first part of Lloyd’s long-delayed Blueprint Two modernisation initiative will be shared with the market by the end of August, as the crucial customer testing component is pushed back until late in the fourth quarter 2024/2025.

PPL implements major structural reforms to liberalise funding and ownership model

The London e-placement platform PPL Ltd is close to completing a major corporate and organisational overhaul, positioning itself to potentially raise external capital and capitalise on its pivotal role in risk transfer data, The Insurer can reveal.

How smart follow and algorithmic underwriting are changing the London market

Lloyd’s syndicates are increasingly launching smart follow and algorithmic underwriting capabilities to compete more effectively in a faster market. The Insurer examines this emerging trend.

Comment: Thirty years of hurt and a Lloyd’s blueprint going nowhere slowly

Years of failure, false dawns and broken dreams is a familiar sensation for England football fans, who once again tasted disappointment on Sunday after losing to the more deserving winner Spain in the Euro 2024 final.

PPL reports 29% reduction in recorded market issues over H1

London market placement platform PPL saw a 29 percent reduction in market-raised tickets between January and June this year following several remediation initiatives to address performance issues.

IUA pushes for framework to underwrite advanced aviation technologies

The International Underwriting Association has called for a robust certification process for safety and access to data to enable London market underwriters to analyse risks and liabilities associated with new aviation technologies.

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