Latest Insurance News: Finextra Research

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

News/Insurance

Dutch banks team up on digital identity service pilot

Dutch banks are banding together on a digital identification service which will let online customers use their login details to access other commercial and government sites.

02 November 2015

News/Insurance

FS firms told to prepare for avalanche of IoT data

Financial services firms should begin planning for the avalanche of new data that will hit them through the rise of the Internet of Things (IoT), which, if used correctly, could bring huge benefits to the industry, according to a Deloitte University Press report.

16 October 2015

News/Insurance

Xchanging receives two takeover offers

Shares in Xchanging soared 50% on Monday on news that the London-based back office processing provider has received separate takeover offers from Capita and Apollo Global Management.

05 October 2015

Company update/Insurance

Insurance comparison outfit CoverHound raises $33.3m

CoverHound, the leading digital platform for comparing and purchasing insurance, today announced that the company raised $33.3 million in a Series C financing round led by ACE Group (NYSE: ACE), one of the world's largest multiline property and casualty insurers.

22 September 2015

News/Insurance

US insurer warns 10 million records breached in two-year cyberattack

US insurance group Excellus Blue Cross and Blue Shield has warned that up to 10 million customer records may have been compromised during the course of a two-year cyberattack on its computer systems.

11 September 2015

News/Insurance

Bank details of Lloyds customers reported stolen

A data storage device containing the bank information of thousands of Lloyds customers has been reported stolen by insurance firm RSA.

10 September 2015

News/Insurance

Former IT firm director jailed for hacking Aviva phones in revenge attack

A man has been given an 18 month prison sentence for hacking into hundreds of phones belonging to Aviva in an act of revenge against his former company, a security vendor contracted by the insurance firm.

25 August 2015

Company update/Insurance

Zurich Insurance trials EagleEye Analytics

EagleEye Analytics, provider of the most advanced machine learning predictive analytics technology for insurance, has been selected by Zurich Insurance Company Ltd. to conduct a 14 month trial of EagleEye's Talon Predictive Analytics System for its global advanced analytics initiative.

25 August 2015

Company update/Insurance

Fujitsu wins five-year contract with Royal London

Fujitsu today announced it has won a contract with Royal London, the largest mutual life, pensions and investment company in the UK.

12 August 2015

News/Insurance

Payments and capital markets sectors dominate fintech M&A activity

There were 192 fintech mergers and acquisitions worth a total of $18.9 billion in the first half of 2015, according to research from investment bank Berkery Noyes.

29 July 2015

Company update/Insurance

Lloyds Bank launches online life insurance

Lloyds Bank has today launched My Life Insurance; its first online protection service which offers customers life cover up to the value of £500,000.

16 July 2015

Company update/Insurance

Zurich enlists Capgemini and Guidewire for new claims handling platform

Capgemini and Guidewire Software (NYSE: GWRE) announce the successful deployment of a new claims handling platform for Zurich’s UK General Insurance business.

11 May 2015

Company update/Insurance

Ooredoo gets behind World Bank financial access efforts

Ooredoo today announced that it is one of the companies supporting the World Bank Group’s efforts to promote financial inclusion and deliver universal financial access by the year 2020, following a major event in Washington D.C. earlier this month.

05 May 2015