Insurtech ‘is a long-term bet’
HARARE, The impact of insurtech on the reinsuran industry could be limited in the short term—but that does not mean that investments made now will not bear fruit in the future, Jean-Paul Conoscente, chief executive officer of P&C’s US operation and P&C’s reinsurance business unit, SCOR, told PCI Today.
He stressed that SCOR has been very active in the
Marsh confirms partnership with insurtech
HARARE, Brokerage titan Marsh has tapped a London-based insurtech to drive new insights and placement strategies for customers in the area of marine cover.
Announcing the multi-year deal, Concirrus said Marsh will be adopting the insurtech’s “Quest Marine” platform. Central to the partnership is behavioural data, which will also help in identifying
Opening insurance access
HARARE, Traditionally, insurance operates in a closed environment that does not facilitate or support the exchange of data. Agents must therefore find cumbersome manual workarounds to access important, contextualised customer information when needed. Yunus Scheepers, CTO at SilverBridge, believes this will result in systems built on open standards becoming more prevalent
Five major insurers partner with Broker Insights
Back in January we told you about Broker Insights’ promise to bridge the gap between insurance providers and the regional broker market though its unique data platform… now a handful of big names have come onboard.
Announcing the partnerships, the new UK insurtech shared how it is “championing” regional brokers by delivering the capability with
Call for improved IFRS 17 grows louder
HARARE, The London-headquartered International Accounting Standards Board (IASB) has an important call to answer – that from insurance associations who believe that the International Financial Reporting Standard 17 (IFRS 17) must not be implemented as planned.
Uniting to express their concerns, nine trade bodies wrote to IASB chair Hans Hoogervorst in
Four simple steps to explaining life insurance for inheritance tax planning
The following is an opinion piece written by Gordon Kearney (pictured), managing director and finanial adviser at Fiducia Wealth. The views expressed within the article are not necessarily reflective of those of Insurance Business.
Life insurance has long been a popular choice among people looking to offset their inheritance
Digital transforming insurance
Digital transformation initiatives have become an important topic of discussion in boardrooms around the world. For insurers, embracing this shift can be especially beneficial as customers become more selective around product offerings and how technology is used to benefit them. Jonathan Jardim, senior software developer at SilverBridge Holdings, examines this.
“As
HARARE, With 2018 set to be one of the most active years for M&A deals in the insurance space, a recent analysis by S&P Global Market Intelligence suggests that the boom in mergers and acquisitions could spill over to next year.
According to the report, the first nine months of 2018 saw $39.1 billion in aggregate transaction value – making this year the most active year for insurance M&A
Trade bodies collaborate on cyber insurance guide
HARARE, Knowing where to start is often the big challenge in getting the ball rolling for any endeavour or initiative… in the world of cyber, where not everyone has a solid grasp of the risks, a joint report has been published to offer firms top-notch guidance.
A collaborative effort by European industry bodies BIPAR (European Federation of Insurance
Think twice before choosing any employee benefit plans
HARARE, Health and life insurance coverage aren’t the only employee benefits you’ll soon be signing up for at work.
Additional benefits may also include accidental death and dismemberment, critical illness insurance and more.
Not all of these may be right for you, so take a close look during enrollment season.
Just because