Asia
Insurtech 100: May - July 2019 quarterly update
Hippo, Lemonade and Zego are just three of the start-ups that have been in the news recently. Matt Connolly, founder and CEO of Tällt Ventures, reflects on a what has been happening for the Insurtech 100 since the list was published in May.
Gibraltar legal expenses insurer declares insolvency
Gibraltar-based unrated insurer Lamp has submitted an application to place the business into liquidation.
Argo Global appoints EMEA CUO
Argo Global has appointed Alfredo Alonso as chief underwriting officer for Europe, the Middle East and Asia.
Sedgwick acquires independent loss adjuster
Sedgwick has acquired independent loss adjuster Insight Adjusters.
Munich Re's Digital Partners targets Asia after hitting £100m GWP
Digital Partners, the Munich Re-owned insurtech facilitator, has revealed its intention to expand into Asia after hitting £100m gross written premium in Europe and America.
Axa-backed Setoo plots UK Q1 launch
Exclusive: Axa-backed broker Setoo expects to launch in the UK next month, and has outlined further fundraising plans for later this year.
Blog: The future landscape for AI claims around the world
Governments around the world are looking to regulate artificial intelligence and as Lee Gluyas, partner, and Stefanie Day, associate with law firm CMS, explain those that get there first will be the ones to benefit.
Crawford appoints new global president of Global Technical Services
Crawford & Company has appointed Andrew Bart as global president of its Global Technical Services division.
Hiscox's James Brady on why cyber knowledge remains a barrier
James Brady, head of cyber at Hiscox UK & Ireland, urges the sector to use heightened awareness of cyber risks into positive action.
Munich Re-backed insurtech that uses AI to detect fraud attracts $14m in funding round
Fraugster, a software company that uses artificial intelligence to prevent fraud for online retailers, has raised $14m in funding as it looks to expand into new markets.
This month: Cavities and complaints
As whiplash legislation speeds through parliament, claims management companies have increasingly been looking into other avenues to keep the coffers full and cavity wall insulation claims have spiked. CMCs may be the industry’s own bugbear, but this…
Top 30 Asian insurers: Diverse markets
AM Best’s ranking of Asia-Pacific non-life insurers remains dominated by the same companies as last year, writes director of analytics Chi-Yeung Lok, noting the market characteristics of mature and emerging markets stay as disparate as ever
Insurers ask for two more years to implement IFRS 17
Insurance associations from around the world are asking for a two-year delay in the implementation of the International Financial Reporting Standard 17 for insurance contracts.
Blog: The death of the chief digital officer
As dead as a CDO-do; terrible pun, but with Andrew Brem departing as chief digital officer at Aviva and not being replaced, Jonathan Swift mulls whether this job title will soon be going the way of this flightless bird
Up to 3750 jobs at risk from Marsh's acquisition of JLT
Marsh expects to save around $250m in “cost synergies” from the acquisition of JLT, with up to 3750 jobs at risk.
Docu-Video: The future of drone regulation
Kennedys experts from around the globe discuss the future of drone regulation
Argo selects Harris for Asia and Europe role
Lloyd's international specialty underwriter and reinsurer the Argo Group has appointed former AIG director Matt Harris to lead the company’s Europe and Asia operations
David Beckham becomes health ambassador for AIA Group
Ex-footballer and England captain David Beckham will become the global ambassador for pan-Asian life insurance firm AIA Group.
Insurtech top 100: Quarter Three update
Following on from the publication of the top 100 insurtech firms in April, Matt Connolly, CEO of Tällt Ventures, gives an update on major developments for those ranked in quarter three
Vandendael to leave Lloyd’s and take up CEO role at Everest
Lloyd’s chief commercial officer, Vincent Vandendael, is to leave the Corporation after almost six years, moving to Everest Insurance as CEO of International Insurance in early 2019.
Zhong An shoots five places up Chinese P&C rankings, underwriting hits continue
Zhong An is now the 13th top player in China’s property and casualty market. It has moved five places up the rankings since the end of 2017.
Japanese flood losses pegged at $4bn
Insured losses from the June and July flooding in western Japan could total up to $4bn (£3.2bn), according to catastrophe modelling firm Air Worldwide.
Zhong An eyes international expansion with latest Softbank investment
Zhong An will look to expand its business outside China, following an undisclosed investment in subsidiary Zhong An International by Softbank’s Vision Fund.
Lloyd's launches insurance matching site as digital push continues
Lloyd’s has launched Lloyd’s Bridge a digital distribution platform designed to connect insurance businesses with Lloyd’s underwriters.