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An insurtech start-up that uses social media and search data to offer “insight-driven insurance” to customers has secured £7.5 million of funding from companies including Munich Re, which also has a long-term insurance agreement with the firm. 16 January 2017
Technology
As the world attempts to find a way of understanding, managing, and transferring the risk associated with pandemics, much can be learned from the extensive work the insurance industry has done to better handle cyber risk, says a new report by CyberCube, with contributions from Munich Re and Metabiota. 15 December 2020
Insurance
Broker Marsh has launched a new programme, called Cyber Catalyst, that brings together a number of leading insurers to evaluate cybersecurity offerings and address major cyber risks, such as data breach, business interruption, data theft or corruption, and cyber extortion. 27 March 2019
Insurance
Powerful earthquakes in Japan and Ecuador, storms and flooding in Europe and the US and forest fires in Canada have contributed to total losses of $70 billion for the first half of 2016, significantly higher than the corresponding figure of $59 billion the previous year, according to a Munich Re report. 13 July 2016
News
Software designed by Munich Re Automation Solutions, a software provider of automated underwriting solutions and subsidiary of Munich Re, will enable Disability Insurance Made Easy (DIME), a web-based disability insurance programme, the company has said. 5 April 2016
Insurance
Munich Re/HSB Ventures, the corporate venture capital arm of Munich Re, has made an investment in an insurtech start-up company set to launch the first on-demand insurance platform, to support the on-demand economy. 4 October 2016
News
The durability of so-called alternative capital is yet to be tested by a big loss and some investors will inevitably leave the market in the aftermath of such an event, Torsten Jeworrek, member of the board of management with responsibility for reinsurance at Munich Re, told Monte Carlo Today. 11 September 2016
Insurance
California-based insurtech start-up Trov said on July 5 that it received approval for its on-demand insurance services from regulators in 23 US states. 7 July 2017
Insurance
US-based insurtech platform Slice Labs has launched a new business unit, called Slice Mind, that combines artificial intelligence (AI), machine learning and behavioural psychology to predict insurance risk and make recommendations. 28 March 2019
News
Nikolaus von Bomhard, the chief executive of Munich Re, has revealed plans to step down from both his position as CEO and from the supervisory board of Munich Reinsurance Company. 15 March 2016
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