Latest Insurance News: Finextra Research

Msg Global establishes innovation lab in Toronto

msg global solutions, a Swiss-based provider of integrated technology and services to the global financial services industry, has established a presence in Canada with the opening of its office in Toronto.

28 April 2016

News/Insurance

Trov raises $25.5m for on-demand insurance app

After raising $25.5 million in a Series C funding round, mobile-based on-demand insurance platform Trov is gearing up to launch in its first market, Australia.

26 April 2016

Company update/Insurance

Guidewire Software bags Hiscox deal

Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to general insurers, today announced it has entered into a long-term services agreement with international specialist insurer Hiscox (LSE: HSX).

25 April 2016

Company update/Insurance

Accenture and Apax Partners form insurance software JV

Accenture (NYSE:ACN) and Apax Partners, a leading global private equity firm, have agreed to form a joint venture to accelerate the innovation of claims, billing and policy administration software for the insurance industry.

18 April 2016

Company update/Insurance

Zurich Gruppe Deutschland signs for Guidewire InsuranceSuite

Zurich Gruppe Deutschland, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to general insurers, today announced that Zurich Gruppe Deutschland has selected Guidewire InsuranceSuite as its new platform for underwriting, policy administration, claims management, and billing.

05 April 2016

Company update/Insurance

JMR Infotech’s Avenir receives Oracle validated integration

JMR Infotech, a Platinum level member of Oracle PartnerNetwork (OPN), today announced it has achieved Oracle Validated Integration for JMR Avenir with Oracle Insurance Policy Administration 10.1.

01 April 2016

Company update/Insurance

Tieto and LähiTapiola increase collaboration

Tieto and insurance company LähiTapiola have signed a contract for continuing and increasing collaboration in development of infrastructure environments and digital services until 2020.

30 March 2016

Company update/Insurance

AFA Insurance implements VPD Fixed Income Attribution

AFA Insurance has gone into production with VPD Fixed Income Attribution, part of the VPD Risk & Performance suite of solutions.

30 March 2016

News/Insurance

BNP Paribas begins fintech accelerator programme

BNP Paribas has picked eight fintech startups to take part in a four month accelerator programme that will see each firm work on developing products and services for specific areas of the bank's business.

24 March 2016

News/Insurance

Global funding for VC-backed fintech firms doubles to $13.8bn

2015 was the year that financial technology entered the mainstream, claims a new report from KPMG and CB Insights which estimates that VC-backed fintech firms around the world secured $13.8 billion in funding as they began having a serious impact in every area of banking and insurance.

09 March 2016

Company update/Insurance

Online insurance manager CoverWallet raises $2m

CoverWallet, the first online insurance manager, announced it received $2 million in seed funding from Two Sigma Ventures, Highland Capital Partners, Founder Collective and a long list of strategic angel investors.

08 March 2016

News/Insurance

500 Startups launches $25m fintech fund

Early-stage venture firm 500 Startups is launching a $25 million fintech fund focussed on investing in startups building "financial services for the rest of us".

24 February 2016

Company update/Insurance

Wolters Kluwer appoints new head of China Financial Services business

Wolters Kluwer has appointed Yong Zhao as its new general manager for the Financial Services market in China. Zhao, who will be based in Shanghai, will help spearhead further growth for the financial technology firm in the market.

18 February 2016

Company update/Insurance

Wolters Kluwer revamps NILS INsource research repository

Wolters Kluwer Financial Services today announced enhancements to NILS INsource, an online research repository tailored to compliance, government, legal and regulatory affairs professionals working in the insurance industry.

27 January 2016

News/Insurance

HSBC invests in cognitive computing firm CustomerMatrix

HSBC has led a $10.5 million Series B funding round for New York-headquartered cognitive computing startup CustomerMatrix.

25 January 2016

News/Insurance

Capital markets sector leads fintech M&A activity

There were 427 fintech mergers and acquisitions in 2015, worth a combined $64 billion, double the value of deals the previous year, according to figures pulled together by Berkery Noyes.

21 January 2016

News/Insurance

Financial services go modular

The financial services industry is going modular, with technology making it easier for customers to buy from multiple providers, opening up a multi-billion dollar opportunity for new entrants, according to report from management consultancy Oliver Wyman.

21 January 2016

Company update/Insurance

UK insurers prepare for driverless cars

UK motor insurers are committing themselves to helping smooth the path of driverless cars onto UK roads, with the launch of a new initiative to address some of the issues which need to be overcome.

20 January 2016

News/Insurance

UK finance sector ups IT spending amid fintech uncertainty

British financial services firms expect IT to be the main area to see an increase in capital spending over the next year as the industry braces itself for the fintech revolution.

18 January 2016

News/Insurance

Regulation biggest threat to fintech growth - survey

Regulatory issues are set to be the biggest hurdles facing financial technology firms over the next year, according to a survey of fintech founders and investors.

18 November 2015