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Allianz boosts Allianz X digital investment fund to €1bn after 'pleasing' performance

Europe20-02-2019Insurance news, Reinsurance News, Technology News

German-based Allianz Group has increased the size of its digital investment unit Allianz X, making it one of the largest corporate venture funds in Europe.

AAIC launches cyber insurance for farmers, ranchers and SMEs

North America20-02-2019Insurance news, Reinsurance News, Technology News

The American Agricultural Insurance Company (AAIC) has launched a cyber insurance product to protect small business owners and farmers/ranchers from the growing risks they face.

UK Government appoints data firm Floow ‘to make car insurance smarter’

UK19-02-2019Insurance news, Reinsurance News, Technology News

The UK government has appointed data analytics and telematics firm Floow to advise on a project to help motorists and the insurance sector “embrace new technologies” to reduce incidents on UK roads and make car insurance “smarter”.

SCOR partners with wearable tech provider in Asia Pacific to improve underwriting

Asia Pacific, Europe18-02-2019Insurance news, Reinsurance News, Technology News

SCOR Global Life, the international life and health subsidiary of French reinsurer SCOR, has partnered with wearable technology provider Garmin Health in Asia Pacific to improve its underwriting.

UK government invests £13M in 40 AI and data analytics projects

UK18-02-2019Insurance news, Reinsurance News, Technology News

The UK government will invest some £13 million in 40 projects involving artificial intelligence (AI) and data analytics in an attempt to boost the UK accountancy, insurance and legal services industries.

Aon: cyber threat to rise in 2019 as 5G and internet of things grow

UK18-02-2019Insurance news, Reinsurance News, Technology News

The growth of the ‘internet of things’ (IoT) and the rollout of 5G will make businesses more vulnerable to cyber attacks this year, Aon has warned in its 2019 Cyber Security Risk Report: "What's Now and What's Next".

MS Amlin unveils new 'all risk' tech policy to fill coverage gaps

UK14-02-2019Insurance news, Reinsurance News, Specialty, Technology News

Specialty re/insurer MS Amlin has launched a new 'all risks' insurance policy specially designed for the technology sector.

Lloyd’s approves Beazley-backed Digital Risks as a coverholder

London Market, UK13-02-2019Insurance news, Reinsurance News

UK-based insurtech startup Digital Risks, a digital-only insurance broker, has achieved Lloyd’s coverholder status, enabling it to cover more specialist risks and insure UK businesses that trade internationally.

M&As up 9% but uncertainty to bring lull, finds report

Asia Pacific, EMEA, Europe, North America11-02-2019Insurance news, Reinsurance News

Mergers and acquisitions grew 9 percent in the global insurance sector in 2018 as insurers looked to increase their access to customers and innovation, and benefit from greater scale, according to a Clyde & Co report out today (Monday 11 February).

AI and automation can be a ‘game-changer’ for commercial insurers

UK06-02-2019Insurance news, Reinsurance News

Insurers that embrace artificial intelligence and automation will gain a competitive edge that could help them swallow their rivals in the future, experts have said.

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