Reinsurers watch and wait to see if the FAANG technology giants, such as Google and Apple, move into their territory
Google, Facebook and Amazon could become significant players in the re/insurance business of the future, according to Johannes Martin Hartmann, chairman of the board at VIG Re.
The re/insurance industry needs to unlock the potential of the huge amount of data it possesses, Arndt Gossmann, chief executive officer of Gossmann & Cie told Baden-Baden Today.
The American Association of Insurance Services (AAIS) is pushing the boundaries of the market in terms of blockchain, Ed Kelly, president and CEO of the body, told APCIA Today. It has launched an initiative called open Insurance Data Link, or openIDL, a blockchain platform dedicated to regulatory reporting.
Providers of cyber re/insurance must continually adjust to what is an ever-evolving risk and an ever-adapting market, Annamaria Landaverde, senior vice president and cyber practice lead at the reinsurance division of Munich Reinsurance America, told APCIA Today.
The re/insurance industry is too obsessed with embracing change and should remember what made it successful in the first place, according to Johannes Martin Hartmann, chairman of the board of directors at VIG Re.
InsurTech company CPP Group has launched a new cyber Insurance product, for SME businesses, on the Acturis insurance administration and trading platform.
The dynamic around rates and terms and conditions, the impact of alternative capacity on the market and how to grow those will be some of the biggest talking points at this year’s annual American Property Casualty Insurance Association conference in Boston, according to a survey of Intelligent Insurer readers.
The creation of an ever-more standardised blockchain framework represents a key moment for the evolution of blockchain technology and the insurtech sector more widely.
Blockchain should be viewed as a “team sport” by the risk-transfer industry as opposed to a specific technology; more a way of connecting companies and people and gaining efficiencies.
More life insurance businesses are starting up than general insurance (GI) businesses, according to analysis by Policy Expert, the digital home insurer.