Insurance

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/Insurance

VidaCaixa selects SimCorp Dimension

SimCorp, a leading provider of investment management solutions and services to the global financial services industry, today announced that VidaCaixa, part of the CaixaBank Group and the leading insurance company in Spain with more than 4.5 million customers, has selected SimCorp Dimension as its new front and middle office platform.

/Insurance

Insurance provider Saga picks Guidewire Software

Saga Services Ltd (“Saga”), a leading UK provider of insurance solutions to the over 50s, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to general insurers, today announced that Saga has selected Guidewire PolicyCenter®, Guidewire BillingCenter®, Rating Management, Client Data Management, and Guidewire DataHub™ for policy administration, billing, rating, client data management, and analytics.

/Insurance

AI and IoT dominate insurtech startup funding

Artificial intelligence (AI) and the internet of things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, new research from Accenture (ACN) shows.

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FinLeap to build a digital insurance platform

Company builder FinLeap is further committing to reshape the insurance industry. With Element, FinLeap is introducing a fully digital platform, going upstream in the value chain to custom-build the very core of insurance and enable products and services that meet demands of the modern age.

/Insurance

Tieto partners Friss to tackle insurance fraud in the Nordics

Today, Tieto and Friss have announced a partnership bringing together Tieto’s knowledge of the Nordic insurance market and Friss expert fraud detection and prevention solutions.

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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.

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PwC runs blockchain prototype for London insurance market

PwC has created a working blockchain prototype for the London Market Target Operating Model (TOM) Innovation Exchange.

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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.

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Insurtech startup Digital Fineprint to take part in MetLife's LumenLab collab programme

Digital Fineprint, an InsurTech startup that harnesses social media to super-charge insurers online propositions, has been chosen as one of just eight InsurTech companies in the world to take part in MetLife’s collab Partnership.

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JVP invests $2 million in Insurtech startup contest winners

Israeli startups GetmeIns and Seegnature shared the top prize in the Insurtech Israel competition, a first of its kind competition in Israel for startups in the field of insurance technology.

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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.

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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

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Charles Taylor InsureTech acquires majority stake in insurance platform specialist

Charles Taylor InsureTech (InsureTech) has acquired a majority stake in Otak, an insurance technology platform business specialising in delegated authority solutions.

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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.

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Allianz Life promotes Chris Du Bois to SVP, chief digital officer

Allianz Life Insurance Company of North America (Allianz Life®) today announced it has promoted Chris Du Bois to senior vice president, Chief Digital Officer.

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InsurTech startup Digital Fineprint joins Accenture innovation lab

Digital Fineprint, an InsurTech startup that harnesses social media to super-charge insurers online propositions, has been selected to take part in Accenture’s Fintech Innovation Lab in London, from over 300 applicants.

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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.

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MetLife opens virtual reality channel

MetLife in India has launched a new customer service platform available only through a virtual reality headset.

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Startupbootcamp InsurTech identifies 23 promising startups

Startupbootcamp InsurTech, the leading accelerator focused on early-stage, insurance technology startups and corporate innovation, announces the top 23 globally diverse startups chosen to participate in its Selection Days.

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SoFi and protective team on life insurance for millennials

SoFi and Protective together announced a new term life insurance offering that provides up to $1 million in coverage through an easy, online application with competitive pricing and no medical exam for a majority of people under 40 – available today.