Latest Insurance News: Finextra Research

ING and AXA build digital insurance platform

Dutch banking giant ING and France's AXA are teaming up to build a global digital insurance platform.

14 June 2018

HSBC promises $17bn investment in technology

Europe's biggest bank HSBC is planning to invest between $15-$17bn in new technology as part of a new growth strategy announced by its chief executive John Flint.

12 June 2018

News/Insurance

AIB introduces in-app travel insurance

Irish bank AIB has added a new feature to its mobile app, enabling customers to buy travel insurance with a handful of clicks.

21 May 2018

News/Insurance

ANZ and IBM explore application of DLT in insurance sector

ANZ, IBM and Suncorp New Zealand have joined forces in an exploratory effort to use distributed ledger technology to help make the data transfer and payment reconciliation process faster and more transparent between brokers and insurers.

30 April 2018

News/Insurance

Ride hailing app Grab launches financial services unit

South East Asian ride-hailing firm Grab has moved deeper into financial services with the launch of a dedicated unit and the introduction of micro-loans and insurance products.

13 March 2018

News/Insurance

Global fintech funding holds steady in 2017

Funding for fintech companies around the world stabilised in 2017, hitting similar levels to the previous year but was still way down on 2015 numbers, according to the latest KPMG report.

13 February 2018

News/Insurance

Lombard Risk agrees to Vermeg takeover offer

The board of UK-based banking and compliance software firm Lombard Risk has accepted a cash for shares offer from Dutch software firm Vermeg.

11 January 2018

News/Insurance

Quebec's la Caisse and Desjardins pump $50m into fintech fund

Quebec-based credit union association Desjardins Group and local pension fund la Caisse have created a fintech investment fund of up to $75 million.

11 October 2017

News/Insurance

Aviva succumbs to allure of robo-advice with Wealthify purchase

UK insurer Aviva has acquired a majority stake in a startup robo-adviser for an undisclosed sum.

05 October 2017

News/Insurance

China Construction Bank (Asia) enlists IBM for blockchain-powered bancassurance

IBM is working with China Construction Bank (Asia) on a blockchain-powered bancassurance project in Hong Kong.

21 September 2017

News/Insurance

AXA launches blockchain to cover late flight compensation

AXA has launched a blockchain-based insurance product that automates the payment of late flight compensation for air passengers.

20 September 2017

News/Insurance

German fintech factory FinLeap raises EUR39 million

FinLeap, the startup platform behind Germany's solarisBank, has secured EUR39 million in equity capital to support its ongoing fintech incubation programme.

17 July 2017

News/Insurance

AIG and Standard Chartered run multi-national insurance policy via DLT

American International Group, IBM and Standard Chartered Bank have converted a multinational, controlled master policy written in the UK, and three local policies in the US, Singapore and Kenya, into a 'smart contract' that provides a shared view of policy data and documentation in real-time.

16 June 2017

News/Insurance

BNP Paribas jumps into virtual reality

BNP Paribas is the latest financial services firm to dabble in virtual reality, unveiling a VR-based app for retail banking customers and a 'teleportation' capsule for home buyers.

30 May 2017

News/Insurance

Law firms cosy up to UK fintech community

Top law firm Slaughter and May is to give five fintech startups free legal services worth tens of thousands of pounds. Meanwhile, another law firm, Simmons & Simmons, is launching a fintech and regtech student support programme with London's Queen Mary University.

06 March 2017

News/Insurance

Anthemis secures insurtech investment partnership with Baloise

Swiss financial services group Baloise has committed CHF50 million with UK venture capital fund Anthemis to help source, execute and manage investments in startups across Europe, the UK and the US.

28 February 2017

News/Insurance

Global fintech funding plunges in 2016 but expected to regain momentum in 2017

Funding for fintech companies around the world plummeted in 2016, with American and European firms experiencing a particularly sharp drop in investment, according to a report from KPMG and PitchBook which nevertheless predicts a bumper 2017.

21 February 2017

News/Insurance

Kevin the bot uses blockchain to offer insurance for P2P transactions

Madrid-based online reputation startup Traity has launched a chatbot that uses an "open blockchain balance sheet" to provide micro-insurance for people carrying out P2P transactions

16 February 2017

News/Insurance

China's fintech dragons roar

2016 was the year that China's fintech dragons roared, dominating VC spending while investment in some previously feted leaders in other parts of the world wilted, according to a report from Citi.

26 January 2017

News/Insurance

Japanese insurer to replace 30% of workers with AI

More than 30 workers at Japan-based Fukoku Mutual Life Insurance are set to be replaced by artificial intelligence (AI), according to Japanese daily The Mainichi.

04 January 2017