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Europe emerging as global InsurTech hub - 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 (NYSE: ACN).

/Insurance

Atos wins Aviva data centre deal

Atos, a global leader in digital transformation, has signed a significant contract with insurance and asset management leader Aviva to deliver cross enterprise critical data services over a six and-a-half year period.

/Insurance

Startupbootcamp Scale Fintech picks first Mexico City startups

Startupbootcamp Scale FinTech Mexico City, the first innovation program for growth stage startups in Latin America, announces the five FinTech startups chosen to be part of its first program, based in Mexico City.

/Insurance

MetLife launches third global innovation challenge

MetLife, today launched “collab 3.0 EMEA,” a global open innovation platform inviting entrepreneurs and insurtechs to scale their business with MetLife, while solving some of the insurer’s biggest innovation challenges across its business in Europe, the Middle East and Africa.

/Insurance

Nasdaq and Extraordinary Re sign blockchain and market technology agreement

Nasdaq Inc.(Nasdaq:NDAQ) and Extraordinary Re signed a new market technology agreement for Nasdaq to deliver matching engine technology via the Nasdaq Financial Framework architecture.

/Insurance

Reech Corporations Group to back German InsureTech start-up FinanzRitter

Reech Corporations Group has agreed a significant seed investment in German insureTech start-up FinanzRitter, in the latest addition to its growing pan-European portfolio of finTech businesses.

/Insurance

Mastercard and Dream partner to speed up insurance payouts

Mastercard today announced a global partnership with Dream Payments aimed at getting insurance customers paid quickly, simply and securely.

/Insurance

Singapore Insurtech UEX raises S$1.3 million

One of the first InsurTech platform in Singapore has just raised 1.3 million SGD of funding from its seed investor VERSPIEREN (a French insurance broker) to strengthen its presence on the Singaporean market.

/Insurance

Zurich opens UK Innovation Foundry

Today sees the launch of Zurich’s UK Innovation Foundry. The new initiative which will tackle the ever changing customer demands as well as embedding a clear culture of innovation throughout the insurer – from the initial ‘spark’ of inspiration to a full-scale roll out.

/Insurance

MarketInvoice partners with Euler Hermes

Business finance company MarketInvoice has established a partnership with Euler Hermes, the global leader in trade-credit insurance, which will provide credit insurance policies to customers of MarketInvoice in safeguarding their businesses.

/Insurance

Ping An OneConnect fintech subsidiary raises $650 million in financing

Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or "the Group", HKEx: 2318; SSE: 601318) is pleased to announce that three technology subsidiaries under the Group - Ping An Healthcare and Technology Company Limited (hereafter "Ping An Good Doctor"), Ping An Medical and Healthcare Management Co., Ltd. (hereafter "Ping An Healthcare Technology") and OneConnect Financial Technology Co., LTD (hereafter "OneConnect") - have recently completed private placement financing.

/Insurance

TCS scores £500m M&G Prudential contract

M&G Prudential, the UK and European savings and investments business of Prudential plc, announces a new agreement with Tata Consultancy Services (TCS), a global leader in IT, business process and digital services, to digitally transform their business and deliver enhanced service for its UK savings and retirement customers.

/Insurance

Atos aims to nurture fintech partner programme

Atos, a global leader in digital transformation, today announces three new initiatives to strengthen its global FinTech Partner program; FinLab, its cloud-based platform to facilitate the creation of new joint services; FinHub, a Fintech on-boarding program and FinNet, an insights and trends knowledge portal.

/Insurance

Revolut introduces pay-per-day geolocation travel insurance service

Revolut, the app-based banking alternative, has today announced the launch of its Pay-per-Day travel insurance service, a groundbreaking product which uses a customer’s geolocation to provide instant medical and dental cover, starting at less than £1 per day.

/Insurance

Mike Brockman launches new insurtech venture ThingCo

Mike Brockman, one of the insurance sector’s leading visionaries and most respected disruptors has begun a new insurtech venture.

/Insurance

Russian insurtech accelerator launches

Over 80 applications from many Russian cities and abroad were submitted for participation in an insurance accelerator organized by the Fintech Innovation Lab. Based on the results of preliminary selection 22 teams were invited for the onsite tour.

/Insurance

Dear Prudence: Prudential launches AI-powered chatbot

Prudential Hong Kong Limited (“Prudential”) today announced two new additions to its digital transformation line-up that harness automation, artificial intelligence (AI), machine learning and other technological innovations in order to provide a more personalised and accessible experience to customers.

/Insurance

Financial Risk Solutions opens Asian offices

Financial Risk Solutions (FRS), a Dublin-based provider of unit-linked investment administration and compliance oversight software, is pleased to announce the opening of two offices in Asia; Hong Kong and Malaysia. These are the first offices outside of Europe for the business.

/Insurance

Allianz abandons internal innovation projects in favour of startup investments

Allianz X, the venture unit of the Allianz Group, announced today strategy and leadership changes intended to prepare the entity for long-term success.

/Insurance

Use of budgeting tools and apps amongst over 50s almost triples in two years

The latest research from over 50s specialist insurer SunLife reveals that online tools and phone apps are becoming more popular amongst people in their 50s, 60s and 70s.

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