Industry News

As the business environment evolves, the insurance sector grapples with a pertinent issue: talent. Maintaining a competitive edge, staying relevant, and demonstrating resilience are pivotal for survival, and people with the right skills are key to these endeavours.

In the current dynamic InsurTech landscape, the significance of risk data analytics and a centralised risk data platform is undeniable.

Modives, an InsurTech start-up, is aiming to improve the arduous process of insurance verification for property managers and auto dealers.

The significance of data visibility in the insurance sector is often underestimated. For companies hoping to maintain a competitive edge, robust data monitoring and management are critical, especially given the sheer volume of data they handle. Recognising this challenge, distriBind offers an innovative visibility solution that is setting new standards in the industry.

Specialty insurance classes pose some of the most intricate pricing challenges in the insurance industry. Their rapidly evolving dynamics, coupled with their long-term nature, demand prices capable of standing the test of time. Gathering sufficient data for these specialty lines often proves difficult due to the nascent stage of many of these books and the inherent complexities in data collection.

The power of pricing transformation in the digital journey of insurance companies cannot be overstated. A pivot towards this aspect can lead to an impressive array of benefits, ranging from competitive edge to talent retention, regulatory adherence and even improvement in loss ratio.

Allianz Global Corporate & Specialty has joined forces with Allianz Property & Casualty a local insurer providing commercial insurance.

SageSure and Anchor Re have jointly announced the triumphant finalisation of Anchor Re's inaugural $50m catastrophe bond.

Global insurance broker Aon, has recently appointed Anneliesse Oliveros as the Head of EMEA for their Global Broking Centre. 

The UK's InsurTech sector is displaying great strength in the global market with a substantial enterprise value of around $21bn.