Broker Willis Towers Watson has launched a "action plan" specifically to deal with disruption caused by drones as the incidents have increased sharply in the last two-three years, raising concerns for the aviation insurance industry.
Lloyd’s Lab, the experimental development hub for Lloyd’s of London, has unveiled its third cohort of 11 teams, which include AI, big data, microweather technology, risk modelling and language processing innovators. Lloyd's chair Bruce Carnegie-Brown said the chosen firms are the "brightest and best talent from the technology sector".
London-based insurtech Zego, a provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has partnered with car rental startup Splend to provide cover for its UK fleet.
Specialist insurer Markel International has appointed Chris Burgess to head up its cyber team in London.
Broker Willis Towers Watson has appointed Peter Foster as chairman of global FINEX cyber and cyber risk solutions.
Asian insurer FWD partners with Pacific Life Re on automated underwriting technology
Investors splurged $1.41 billion on insurtech firms in the second quarter of 2019, marking the fourth consecutive occasion where investments exceeded $1.2 billion.
Insurer AXA XL has partnered with insurtech managing general underwriter (MGU) Vindati to offer Ocean Cargo insurance for small and middle-sized businesses in the US.
Hippo, a California-based insurtech focused on the home insurance market, has secured $100 million Series D funding to fuel expansion of its footprint in the US.
Florida-based MGAguard, a new technology-enabled platform for specialty insurance underwriting, has commenced operations targeting the hospitality and taverns industry.