Latest Insurance News: Finextra Research

Money 20/20: The Chinese payments space is a critical enabler for e-commerce

Shining the spotlight on Asia, key trends defining China’s place in the global e-commerce space are discussed in sessions at Money 20/20 USA’s Leadership Lodge, diving deep into how fintech firms are adapting to deliver broader, yet innovative services to support a diverse range of merchants with cross-border payments.

28 October 2019

News/cloud

Old Mutual enlists AWS for cloud migration

African financial services giant Old Mutual is moving to the cloud, with Amazon Web Services (AWS) as its preferred provider.

16 October 2019

News/Insurance

Starling adds digital insurance firm Nimbla to marketplace

Challenger bank Starling has partnered with digital insurance platform Nimbla to offer its 65,000 small business customers the ability to protect themselves from financial losses caused by bankrupt clients.

10 October 2019

News/startups

Munich Re invests $250m in Next Insurance

Next Insurance, a US digital insurance startup focused on small businesses, has joined the unicorn club after securing a $250 million investment from German reinsurer Munich Re.

07 October 2019

News/cloud

How insurers can leverage the cloud to focus on innovation

Insurance providers must leverage the cloud to offer a personalised experience to their customers, but also ensure that operational agility and innovation are a priority.

20 September 2019

News/cloud

Why financial institutions are modernising on cloud

For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to immediately scale up compute resources at peak times and scale down when demand dipped, paying only for what they use.

17 September 2019

News/startups

Banco Sabadell invests in cyber-risk modelling startup Kovrr

Banco Sabadell's innovation hub InnoCells has joined a $5.5 million funding round for Israeli cyber-risk modelling startup Kovrr. StageOne Ventures and Alma Mundi Ventures co-led the round.

11 September 2019

News/inclusion

Accion raises funds to invest in seed stage financial inclusion fintech startups

Non-profit group Accion International is boosting its investment initiative for seed stage fintech startups working on financial inclusion, raising $23 million from investors and adding another $10 million from its own pocket.

04 September 2019

News/Insurance

Insurtech funding surpassed $3bn in 2018

Investment in the global insurtech market grew by 84% in 2018, topping the $3bn mark.

03 September 2019

News/startups

Hedvig raises $10.4m for 'nice insurance'

Swedish insurtech Hedvig has raised SEK100 million ($10.4 million) in a funding round led by Twitter co-founder Ev Williams' Obvious Ventures.

28 August 2019

News/Insurance

Singularity Studio and PICC FS forge AI and blockchain pact

PICC Financial Services, the wholly-owned fintech arm of People’s Insurance Company of China, and Singularity Studio have signed an MoU to open a new accelerator in Beijing to promote the development of AI and blockchain-based services for the insurance market.

14 August 2019

News/Insurance

Lloyds turns to Trov for InsurTech offering

Lloyds Banking Group is to use a white-labeled platform from San Fransicos's Trov to roll out a suite of insurance products for digitally-native consumers.

08 August 2019

News/Insurance

Churchill insurance added to Starling Marketplace

Starling customers can now apply directly from within the challenger bank's app for home insurance from Churchill Insurance.

20 June 2019

News/ai

Money 20/20 Europe 2019: The interplay of AI, cloud, blockchain and quantum computing

On the final day of Money 20/20 Europe 2019 in Amsterdam, Jesse McWaters, financial innovation lead at the World Economic Forum starts the day discussing the interplay of AI, cloud, blockchain and quantum computing, and what happens when it all collides.

05 June 2019

News/startups

Fintech is UK's top tech sub-sector

Fintech is the UK's top technology sub-sector when it comes to attracting investment, according to two new reports.

14 May 2019

News/Insurance

Report questions value of insurtech despite record investment

Investment in the insurtech sector reached record highs in Q1 2019 yet there is lack of obvious value in the many of the newest insurtech offerings, according to a recent report.

13 May 2019

News/Insurance

Marsh introduces proof of insurance blockchain platform

Insurance broker and risk adviser Marsh is rolling out a proof of insurance blockchain platform to US commercial clients.

26 April 2019

News/Insurance

Tesla to use Autopilot data for insurance product

Electric car maker Tesla is planning to roll out its own insurance product within weeks, using data from its vehicles' Autopilot system to set rates, says founder Elon Musk.

26 April 2019

News/Insurance

Automation could displace 40 FS industry job roles - Singapore study

Dozens of financial services job roles will see much of their work taken by data analytics and automation in the next few years, according to a new report from Singapore, which is preparing for the radical workforce shift with a new career training programme focused on emerging technology roles.

24 April 2019

News/ai

AI-powered insurance startup Lemonade scoops $300m for European expansion

US startup Lemonade has closed a Series D funding round led by SoftBank, raising $300 million to fuel its AI-powered insurance platform's global expansion.

11 April 2019