News

Insurance

Manulife funds AI research on disability claim, fraud detection

Canadian multinational insurance and financial services company Manulife has entered into four-year $400,000 partnership with the Waterloo Artificial Intelligence Institute at the University of Waterloo.   26 September 2018

Insurance

Boost launches first insurtech partner with Paladin Cyber

US-based insurance platform Boost Insurance has launched Paladin Cyber as its first insurtech partner.   26 September 2018

Insurance

AI-powered insurtech Concirrus secures £5m investment

London-based insurtech company Concirrus has raised £5 million in equity funding co-led by Cambridge-based venture capital firm IQ Capital and specialist insurtech investor Eos Venture Partners.   25 September 2018

Insurance

AXIS creates new role to boost distribution in London Market/Lloyd's

AXIS Insurance, the insurance business segment of Bermuda-based AXIS Capital Holdings, has created a new position designed to boost its product distribution in the London Market and at Lloyd’s.   25 September 2018

Insurance

Insurtech Socotra secures $5.5m funding to modernise insurance technology

San Francisco-based Socotra, an insurtech startup and the creator of the first cloud-native insurance core platform, has raised $5.5 million in a Series A funding round with Silicon-Valley based technology investment firm 8VC.   25 September 2018

Insurance

AXIS ties up with Hyperion arm on environmental risk offering

AXIS Insurance, the insurance business segment of Bermuda-based AXIS Capital Holdings, has partnered with DUAL North America, the underwriting arm of the Hyperion Insurance Group, on a multi-product environmental risk programme.   25 September 2018

Insurance

L&H insurtech attracts more financing than P&C in H1

Investors are putting more capital into life & health (L&H) insurtech ventures than in property/casualty (P&C) insurtech firms.   24 September 2018

Insurance

Berkshire-backed new motor MGA launched in Gibraltar

Hedgehog, a new online motor insurance provider targeting drivers who face higher than average premiums has been launched in Gibraltar.   24 September 2018

Insurance

Lloyd’s profit halves in H1 despite underwriting improvement

Lloyd’s of London’s pre-tax profit halved in the first six months of 2018 due to a lower investment return and despite an improvement in the combined ratio.   21 September 2018

Insurance

Generali creates new asset manager with $4bn capital led by ex-AllianceBernstein boss

Italian insurer Assicurazioni Generali has launched a new asset management company headquartered in New York City that it claims will have a "disruptive revenue model".   21 September 2018

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