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Lloyd’s platform affected by Iran sanctions

Europe, Iran, London Market16-07-2018Insurance news, Technology News

New US sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country, according to a July 13 Reuters report citing chairman Bruce Carnegie-Brown.

Beazley takes part in £2.3m Digital Risks funding round

Europe, London16-07-2018Insurance news, Technology News

Insurtech startup Digital Risks, a digital-only insurance broker has raised £2.25m in an investment round led by Concentric, with participation from Atami Capital, Seedcamp, London Co-Investment Fund and Beazley.

London insurtech iXledger unveils blockchain insurance

London, UK16-07-2018Insurance news, Reinsurance News, Specialty, Technology News

UK insurtech firm iXledger has launched a blockchain insurance product in partnership with a London-based broker operating in the international specialty insurance markets.

Tokio Marine Kiln partners in marine automation push

UK16-07-2018Insurance news, Technology News

Tokio Marine Kiln (TMK) has entered into a partnership with NTT DATA UK to develop robotics services.

Insurtech startup Next Insurance raises $83m for expansion

North America11-07-2018Insurance news, Reinsurance News, Technology News

Small business insurer Next Insurance has raised $83 million as it targets to expand operations.

Lloyd’s launches new digital distribution platform

Global, London Market, UK11-07-2018Insurance news, Reinsurance News

Specialist re/insurance market Lloyd’s has launched a new digital distribution platform designed to quickly and efficiently connect insurance businesses and entrepreneurs with Lloyd’s underwriters.

Chubb joins blockchain startup BiTA in digital push

Asia Pacific, North America11-07-2018Insurance news, Technology News

Property/casualty insurer Chubb has become an industry association member of the Blockchain in Transport Alliance (BiTA).

CNA, NN Group help fund $75m insurtech venture fund

London, North America11-07-2018Insurance news, Technology News

MTech Capital has completed the initial closing of the firm’s insurtech venture fund with $75 million of capital commitments from three anchor investors including CNA Financial Corporation, NN Group, and a global insurer.

Insurtech OnRisk forms strategic alliance with Lloyd's broker AFL

North America10-07-2018Insurance news, Technology News

US-based insurtech startup OnRisk has formed a strategic partnership with independent Lloyd's broker AFL to develop new technology for structuring and placing property & casualty (P&C) risk.

US cyber insurance premiums up 37%

USA09-07-2018Insurance news, Reinsurance News, Technology News

The US cyber insurance premiums expanded 37 percent year on year to $1.84 billion in 2017, according to Aon’s US Cyber Market Update report.

Showing 1 to 10 of 818 results

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