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Metaverse will mean new risks to understand and cover

North America03-10-2022Insurance News, Reinsurance News, Technology News

The metaverse may well impact every element of cyber risk management in the future, says Gallagher’s John Farley.

Greater demand for cyber insurance products combined with rising cyber prices driving an increase in premiums written globally

North America02-10-2022Insurance News, Reinsurance News, Technology News

Capacity remains stable as market players recognise the product’s value: Gerry Glombicki of Fitch Ratings.

Build a future-facing insurance organisation from claims up

28-09-2022Technology News

At the Intelligent Insurer webinar, “Digitise Claims Processing to Build Loyalty with Deeper Customer Relationships”, on September 28 at 11:00 ET/16:00 BST Twilio’s head of global financial services, Bijon Mehta, will reveal how a focus on improving and digitising the claims experience can have wide-reaching positive implications for the whole insurance organisation.

CyberCube partners with EXL on ‘industry-first’ P&C cyber solutions

North America15-09-2022Insurance News, Reinsurance News, Technology News

A key challenge insurers are facing is the lack of continuity and consistency in policies.

Tech could save cedants millions on submissions

14-09-2022Technology News

Reinsurance tech firm Supercede has claimed that cedants could save as much as $300 million in labour costs by using technology to speed the process of submitting often complex reinsurance submission packs relating to treaty reinsurance.

New technology and a greater awareness of the possibilities are leading to a surge in demand for parametric solutions: Excessweather

Monte Carlo13-09-2022Insurance News, Reinsurance News, Technology News

Excessweather, a Lloyd’s broker that specialises in parametric products, has seen demand for its products and expertise surge thanks to a combination of new technology enabling the use of such solutions and a greater awareness of the possibilities globally.

Ransomware drives ‘interesting outcomes’ for cyber co-insurance products

Monte Carlo11-09-2022Insurance News, Reinsurance News

The rise in cyber attacks, and specifically ransomware incidents, has brought about “some very interesting changes” for the class of cyber insurance, Daniel Carr, head of Cyber at Ariel Re, told Intelligent Insurer.

Insurers must mimic Meta and leverage their data: Arndt Gossmann

Monte Carlo11-09-2022Insurance News, Reinsurance News, Technology News

The amount of data held by the largest insurers is comparable to that in the hands of internet giants such as Facebook and Amazon—yet the industry is unable to leverage it because such a high percentage is stored in an analogue format. Changing this should be the number one priority for any insurance CEO.

Pandemic brings boom time for the re/insurance industry

Monte Carlo11-09-2022Insurance News, Reinsurance News, Technology News

Insurtechs are booming and, as a result of the COVID-19 pandemic, these companies, and other agile firms in the industry such as managing general agents (MGA)s and third party administrators (TPAs), look set to play an ever more vital role in the future structure of the re/insurance industry.

Ransomware uptick driving cyber price increases: Fitch

Monte Carlo10-09-2022Insurance News, Reinsurance News, Technology News

Ransomware attacks continue to soar, demand is rising for insurance coverage and insurers need more data, according to Gerry Glombicki of Fitch Ratings.

Showing 1 to 10 of 2326 results

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