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ItzCash partners HDFC Ergo to offer general insurance products

India’s leading Financial Exchange, Ebix’s ItzCash today announced that it has entered into a strategic agreement with the country’s third largest non-life insurance provider in the private sector, HDFC ERGO to offer general insurance product on its ‘PHYGITAL’ platform.

/Insurance

Ontario Medical Association picks Intellect SEEC as technology partner

Intellect SEEC, the insurance software division of Intellect Design Arena, has been chosen as the technology partner by the Ontario Medical Association (OMA).

/Insurance

ItzCash parent commits $100 million for investment and acquisitions

With the recent investment in ItzCash of $120 million in May 2017, World’s Largest Insurance Exchange, Ebix Inc. further commits $100 million fund to steer the next level growth path for ItzCash.

/Insurance

Boat Services integrates TigerEye platform

On the 20th of July 2017, Boat Services announced the availability of TigerEye on Boat Oasis, the multi-peril cat risk modelling platform. Boat Oasis works with independent model providers, including ARA, COMBUS and CATRisk Solutions, to provide an independent, transparent and secure platform for (re)insurers to consume models.

/Insurance

Aviva and Founders Factory to support five fintech startups

Aviva and Founders Factory are today announcing the first five startups selected for its fintech programme and the launch of a brand new startup to make social care easier.

/Insurance

TigerRisk joins R3 and Acord insurance industry centre of excellence for DLT

TigerRisk Partners has become the first insurance broker/advisor to join R3’s Centre of Excellence for distributed ledger technology (DLT) in the insurance and reinsurance industries, which it runs in partnership with ACORD (Association for Cooperative Operations Research and Development).

/Insurance

EBA publishes guidelines on professional indemnity insurance under PSD2

The European Banking Authority (EBA) published today its final Guidelines under the revised Payment Services Directive (PSD2), on the criteria on how to stipulate the minimum monetary amount of the professional indemnity insurance (PII) or other comparable guarantee for payment initiation services (PIS) and account information services (AIS).

/Insurance

Friends First selects Financial Risk Solutions Invest|GRCTM

Financial Risk Solutions (FRS), a Dublin-based provider of unit-linked investment administration and compliance oversight software, is pleased to announce that Friends First, one of Ireland’s leading life assurance companies, has selected its Invest|GRCTM (Governance, Risk & Compliance) software to produce Key Information Documents (KIDs), a central requirement of the upcoming Packaged Retail and Insurance-based Investment Products (“PRIIPs“) regulation.

/Insurance

SimCorp acquires APL Italian for EUR35 million

Today, SimCorp has signed an agreement to acquire all shares in APL Italiana S.p.A. (APL Italiana) for a total enterprise value of EUR 35m.

/Insurance

FCA adds systemsync to sandbox scheme

Systemsync, a UK Fintech firm, has today announced it has been chosen by the Financial Conduct Authority to participate in the second cohort of its Sandbox scheme. systemsync (which owns and operates pensionsync: the technology platform that connects payroll to pension providers) will launch its employee benefits life insurance distribution platform, benefits.market, in the Sandbox innovation program.

/Insurance

N26 embeds insurance robo-advisor Clark

Clark, the leading german insurance robo-advisor, expands its integration base with german Banks.

/Insurance

Credit insurance provider Atradius launches digital platform

Credit insurance provider Atradius has announced the launch of its new digital platform called Atrium, an innovative tool which provides customers and distribution partners with real-time data to better understand buyers, credit limits, and how much risk a company poses.

/Insurance

DFS Lab invests $250,000 in four African fintechs

Digital Financial Services Lab (DFS Lab) today announced it would invest $250,000 in four separate fintech startups that are building products that help low-income consumers in developing markets. Inclusive (based in Ghana), Pula (based in Kenya), Pezesha, (based in Kenya), and Teller, (based in the United States), were each selected for financing after presenting their products at DFS Lab's Fintech BootCamp in Sri Lanka earlier this year.

/Insurance

Digital Fineprint selected by ConVista

ConVista’s OneDigitalOffice digital front office platform, today announced its partnership with Digital Fineprint, a London, UK based Insurtech startup that is building the industry standard technology solution that uses consumers’ social media information to optimize the insurance policy purchasing journey.

/Insurance

Blockchain startup Insurex initiates crowd sale

Insurance blockchain startup InsureX has announced that it will open its crowd sale on 11 July at 14:00 UTC.

/Insurance

Sberbank moves into e-medicine sector

Sberbank announces closing a transaction to purchase a controlling stake in DocDoc.ru, the leading company on the Russian e-medicine market.

/Insurance

Speech recognition startup wins Metlife Singapore event

LumenLab, MetLife’s Singapore-based innovation center, this evening announced Uniphore as the winner of its inaugural corporate-startup engagement program, collab, following the demo day which took place today in Singapore.

/Insurance

MassMutual rolls out Eagle insurance accounting and data management tech

Eagle Investment Systems LLC, a BNY Mellon company, announced today that Massachusetts Mutual Life Insurance Company (MassMutual) has implemented Eagle’s insurance accounting and data management solutions to meet its future investment-information needs.

/Insurance

Ageas to use AI for claims handling

Ageas is set to be the first UK insurer to use Artificial Intelligence (AI) technology across its award-winning motor claims management, working in partnership with Tractable, the AI technology specialists.

/Insurance

Startupbootcamp InsurTech graduate, CBien, raises €8 million

CBien, the leading European digital asset management platform located in Paris, Nantes and Hamburg, has raised €8 million from its existing shareholders MAIF, MACIF and 5M Ventures.

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