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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.

Lombard Risk agrees to Vermeg takeover offer

/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.

/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.

/Insurance

Zurich launches ‘selfie’ app and FaceQuote to encourage financial planning

Leading insurer Zurich has today launched a ‘selfie’ app called FaceQuote to urge more people to think about and engage with their finances.

/Insurance

F10 Fintech adds Zürcher Kantonalbank to its incubator

F10, Switzerland’s leading FinTech startup accelerator and incubator, today announced the news that Zürcher Kantonalbank, Switzerland’s largest cantonal bank has joined as a corporate member, effective as of December 1st, 2017.

/Insurance

Stratumn partners French insurers on blockchain experiment

Stratumn, the leading provider of consortium blockchain technologies reinventing inter-business relationships, announces today the completion of a blockchain experimentation connecting 14 insurance companies in France.

/Insurance

OCBC puts health insurance on the mobile

Digitalising the way customers buy health insurance products, OCBC Bank has again launched a first in the digital wealth management space.

/Insurance

Allianz pioneers blockchain prototype for the captive insurance market

Allianz Global Corporate & Specialty SE (AGCS) has successfully trialed blockchain technology for a global ‘captive’ insurance program including cash transfer between countries.

/Insurance

Suncorp deploys IBM Watson to process motor claims

Leading Australian insurer Suncorp today announced it has successfully integrated IBM (NYSE: IBM) Watson artificial intelligence technology into its online claims process.

/Insurance

BNP Paribas insurance arm invests in blockchain startup Stratumn

Stratumn, a leading provider of network solutions securing processes between enterprises and their stakeholders through blockchain technology and advanced cryptography, announces today a raising from C. Entrepreneurs, the venture capital fund created by the insurer BNP Paribas Cardif in partnership with Cathay Innovation, as part of its extended Series A funding.

/Insurance

Markel exports fintech insurance policy to Singapore

Markel International, the specialist insurer, has unveiled a fintech policy offering comprehensive protection for businesses in the financial technology sector in Asia, having successfully launched it in the UK early last year.

/Insurance

AXA and PartnerRe join RemitRadar

RemitRadar, the online digital fintech and insurtech ecosystem operating in the money transfer space, has joined forces with global reinsurer, PartnerRe and worldwide insurance leader, AXA, to offer innovative insurance solutions tailored to the needs of emerging customers sending and receiving money transfers.

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

/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.

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