Insurance

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Blockchain to become 'beating heart' of financial system

/Insurance

Blockchain to become 'beating heart' of financial system

Blockchain technology will fundamentally alter the way financial institutions do business, according to a report from the World Economic Forum.

/Insurance

On-demand insurance platform Trov hires former Salesforce exec Neil Sands

Trov, the revolutionary on-demand insurance platform, has announced the appointment of Neil Sands, former Salesforce Chief Experience Officer, as Head of Global Partnerships, with the company continuing to attract Silicon Valley's most talented.

/Insurance

Insurance app Back Me Up launches

A brand new app-based insurance cover launches today to revolutionise the way Millennials protect their possessions and experiences.

Alibaba and AXA form insurance pact

/Insurance

Alibaba and AXA form insurance pact

AXA has formed an alliance with Alibaba that will see the French insurance firm develop products and services for the Chinese e-commerce behemoth's customers.

/Insurance

Xenomorph secures HSBC funding

Xenomorph, a provider of data management technology to banks, investment managers and insurance companies, has announced a significant new funding agreement from HSBC.

/Insurance

LexisNexis Risk Solutions acquires Insurance Initiatives

LexisNexis Risk Solutions, part of RELX Group, today announces the acquisition of Insurance Initiatives, Ltd. (IIL), a business which provides a data distribution platform that extracts, hosts and processes large quantities of data to deliver information predominantly into the point-of-quote in the UK's Property & Casualty Insurance industry.

/Insurance

Insuretch startups look to improve customer service

New research, based on more than 1,300 start-ups from across the world focusing on the insurance industry, highlights the potential for start-ups to improve the industry, a new report out from Startupbootcamp InsurTech and PwC today shows.

/Insurance

Charles Taylor InsureTech inks software licencing agreement with Fadata.

Charles Taylor InsureTech has extended its insurance systems capability following a major software licencing and implementation agreement with Fadata.

Sberbank offers Pokémon Go players free accident insurance

/Insurance

Sberbank offers Pokémon Go players free accident insurance

As reports of Pokémon Go-related injuries come in from around the world, Russia's Sberbank is offering free accident insurance to the game's players. Meanwhile, the bank is also hoping to lure people through its doors by equipping branches with special modules that attract Pokémon.

/Insurance

Stratumn and Deloitte unveil blockchain-based micro-insurance PoC

Stratumn, Deloitte and Lemonway unveil LenderBot, the first micro-insurance proof of concept for the sharing economy. This partnership demonstrates the potential of new applications and services for the insurance market.

/Insurance

Ernst & Young acquires Innovalue

Professional services firm EY (Ernst & Young) is acquiring Innovalue, one of the leading strategic advisory firms for the insurance sector in Germany as well as for payments in Europe.

/Insurance

UniCredit, MasterCard and GoSwiff launch mPOS service for Allianz-Tiriac insurance agents

GoSwiff, a global financial solutions provider, announced today with UniCredit, one of the major financial institutions in Romania, and MasterCard, operating the world’s fastest payments processing network, a partnership to launch mobile payments in Romania.

/Insurance

Allianz pilots smart contracts for catastrophe swaps

Allianz Risk Transfer AG (ART) and Nephila Capital Limited (Nephila) announce that they have successfully piloted the use of blockchain smart contract technology for transacting a natural catastrophe swap.

/Insurance

PwC preps research into blockchain tech for wholesale insurance

PwC today announced it is launching a Long Finance research project into the potential of blockchain technology in wholesale insurance.

FinLeap gets EUR21m financing; plans to pump EUR50m into fintech ecosystem

/Insurance

FinLeap gets EUR21m financing; plans to pump EUR50m into fintech ecosystem

FinLeap, the startup platform behind Germany's SolarisBank, has secured EUR21 million in equity capital to support its fintech incubation programme.

/Insurance

Insurer Selective taps Accenture for CRM

Accenture (ACN) has been chosen by Selective Insurance Company of America (Selective), a subsidiary of Selective Insurance Group, Inc. (SIGI), as its strategic Customer Relationship Management (CRM) service provider to help elevate the company’s customer service capabilities.

Asian life insurer AIA joins R3 consortium

/Insurance

Asian life insurer AIA joins R3 consortium

Blockchain consortium R3 is extending its reach in Asia Pacific, signing up AIA Group, the largest independent publicly listed pan-Asian life insurance group, as a new member.

Tech Mahindra agrees £112m Target Group acquisition

/Insurance

Tech Mahindra agrees £112m Target Group acquisition

Indian IT services group Tech Mahindra has agreed to buy Target Group, a UK business process outsourcing (BPO) and software provider to financial institutions, for an enterprise value of £112 million.

/Insurance

Align insures against customer losses from cross-border funds tranfers

Next-generation global payments provider Align Commerce today announced that it is enhancing protections for its small- and medium-sized business (SMB) clients sending payments internationally, by obtaining insurance to safeguard against losses as a result of a physical or cyber-security breach, theft, or operational errors and omissions.

Global fintech funding bounces back but Europe stutters

/Insurance

Global fintech funding bounces back but Europe stutters

After a tricky end to 2015, global fintech funding bounced back in the first quarter to hit $5.7 billion. However, the numbers are skewed by a couple of billion dollar-plus Chinese deals which mask a stagnant European scene.

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