Inzura, a digital insurance technology provider, has launched a digital insurance platform, which it claims will accelerate the digitalisation of the industry.
The mutual insurance sector has undergone a modest recovery in recent years, but faces new challenges and must adapt to newer underwriting and distribution practices if it is continue, according to Swiss Re’s latest sigma report.
Transactor Global Solutions (TGSL), an insurance software provider, has formed a partnership with Tansar, a start-up managing general agent (MGA).
Berkshire Hathaway Specialty Insurance Company (BHSI), has introduced its cyber liability insurance office in New Zealand and appointed Ian Marshall as senior underwriter, executive and professional lines.
Willis Towers Watson has updated its Radar pricing software for property/casualty (P&C) insurance markets.
Insureon, an online agent for small-business insurance, has formed a managing general agent (MGA), Insureon Underwriting Managers, to operate under the company’s wholesale brokerage subsidiary, Insurance Noodle.
Cathedral Underwriting, a Lloyd’s managing agent, has contracted insurance software provider VIPR for its bordereaux management system, Intrali.
Berkshire Hathaway Specialty Insurance (BHSI) has initiated cyber liability insurance in Australia and appointed Emma Osgood as head of cyber liability in the region.
Pen Underwriting has appointed Adrian Scott as head of cyber liability. He joins from Ridge Global, a cybersecurity firm where he was executive vice president and chief underwriting officer.
There has been a sharp increase in hacking and malware attacks on financial institutions in the first six months of 2016, particularly on institutions with revenues below $35 million, Beazley has said in a report.