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Technology in Insurance

EY, Guardtime and industry participants launch marine insurance blockchain platform EY, Guardtime, A.P. Møller-Maersk, Microsoft and insurance industry leaders Willis Towers Watson, XL Catlin, MS Amlin and ACORD are using Insurwave blockchain platform to support marine hull insurance.
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Allstate pioneers use of AI with their first Amelia deployment Allstate Insurance is using IPsoft’s Amelia tool to support call center teams countrywide.
Technology > Technology in Insurance > News Biba starts work on dating agency for brokers and insurtechs By IBR Staff Writer
The British Insurance Brokers’ Association (BIBA) has started work on a dating agency to allow insurance brokers to find InsurTech partners in an easier way.
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Envestnet program integrates insurance solutions into wealth management process
Envestnet has introduced the Envestnet Insurance Exchange, a new program that integrates insurance solutions into wealth management process on its Platform to further streamline and enhance advisors' ability to deliver the lifecycle of advice.
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Lemonade introduces open source insurance policy
Lemonade, the insurance company powered by artificial intelligence and behavioral economics, has launched what it claims to be the world’s first open source insurance policy.
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Cyber insurance firm At-Bay raises $13m in funding
Cyber insurance startup At-Bay has raised $13m to speed up development of its proactive cyber security monitoring service and roll out its insurance products.
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Vernam works on blockchain-based insurance product
Vernam is developing a Decentralized P2P marketplace for the insurance sector, which will be broker free, cost efficient, data driven and transparent.
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Majesco launches L&A and Group Core Suite
Core insurance software consulting services provider Majesco has launched L&A and Group Suite to support individual, group and voluntary benefits on a single platform for the rapidly changing market demographics and innovative products demanded by insurance customers.
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Small business insurance startup CoverWallet launches new online B2B platform
CoverWallet has launched a new online B2B platform for carriers and agents to manage the entire lifecycle of their customers.
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Bitfury, Risk Cooperative and Beazley collaborate on blockchain-based risk registry
Specialist insurer Beazley and Lloyd’s coverholder Risk Cooperative have collaborated with the Bitfury Group to develop blockchain-based system for crisis insurance and risk management.
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Trade finance software provider Tinubu Square launches Innovation LAB
Trade credit, surety and trade finance solutions provider Tinubu Square has launched a new Innovation LAB that focuses on the use of blockchain, advanced integration and deep analytics for insurance and banking industry applications.
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Kovrr introduces predictive cyber risk modeling platform for P&C insurance carriers
Kovrr has launched a predictive cyber risk modeling platform to empower P&C insurers to manage the dynamic nature of cyber risk and to underwrite it efficiently.
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Sompo secures approval for post-Brexit European P&C subsidiary
By IBR Staff Writer
Sompo International has secured regulatory approvals to establish European commercial property & casualty (P&C) subsidiary.
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