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/Insurance

Revolut moves into insurance

Revolut users will now be able to insure their mobile phone for as little as £1.00 per week as the innovative fintech launches the first phase of its insurance offering.

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

/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.

/Insurance

FCA inks fintech pact with Hong Kong Insurance Authority

The Financial Conduct Authority (FCA) announces today that it has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) to enhance collaboration in supporting Fintech innovation.

AXA launches blockchain to cover late flight compensation

/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.

/Insurance

Veezoo to run AI proof-of-concept trial with AXA

Veezoo , a conversational Artificial Intelligence technology that enables users to understand their company’s data, has partnered with AXA Winterthur for a three months Proof of Concept (PoC) beginning July 2017.

/Insurance

CoverWallet names Paul Rosen COO

CoverWallet, the simplest way for small businesses to understand, buy and manage their insurance online, announced that former OnDeck® (NYSE: ONDK) executive, Paul Rosen, has joined the company as COO.

/Insurance

Canadian insurtech platform Finaeo closes $2.25m seed round

Finaeo, announced today that the Company has closed its Seed Round, oversubscribed at $2.25M, lead by Impression Ventures with participation from Toronto-based angel investors, 500 Startups, Robo Ventures and iGan Partners.

/Insurance

EY launches new blockchain platform for marine insurance

EY and Guardtime announce the world’s first blockchain platform for the marine insurance sector.

/Insurance

Nippon Life becomes first non-bank to settle currency trades via CLS

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, today announced the first Japanese non-bank financial institution (NBFI) to join the CLS system via third-party access.

/Insurance

Perseus launches new cybersecurity service aimed at Germany's SMEs

Perseus is a newly born service platform backed by institutional investors, and aims to be the go-to partner for the German Mittelstand (SMEs) on all Cyber Security matters.

/Insurance

UK insurtech investment hits record high despite Brexit jitters

Investment in UK insurtech has surged to record levels in a sign of confidence in the UK as a global hub for insurance technology, according to Accenture analysis of CB Insights data.

/Insurance

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.

German fintech factory FinLeap raises EUR39 million

/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.

/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.

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