Innovation
Ship Attacks Prompt London Marine Insurers to Widen Middle East Threat Zone
London's marine insurance market has extended the list of waters deemed as high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday. ...
Real Estate Data/Analytics Outfit Attracts $12M in Financing, Targets Insurers for Expansion
A company that gathers data and analytics for real estate customers has raised $12 million in new financing, with plans to grow its business further among financial firms and insurance companies. ...
The Latest Launches From Beazley and Embroker
Beazley has a new marine cyber insurance product targeted to vessel owners and operators. Embroker is packaging a line of digital insurance policies designed to fill gaps in high-growth tech ...
Phase Two of Insurance Innovation: Exploring ‘How-To’ Questions
When Celent's Michael Fitzgerald started asking carrier executives how important innovation was to their business strategies back in 2013, 30-40 percent would say it was "somewhat important" rather ...
RMS Unleashes Open Data Modeling Standard With No License or Fee Required
Catastrophe modeler RMS said it is debuting an open data standard that doesn't require a license, fees or permissions for usage. Known as the Risk Data Object, or RDO, the data structure is designed ...
The Latest Launches From Willis Towers Watson and Planck/Republic Indemnity
Willis Towers Watson said it is marketing an updated version of its Radar pricing software. Great American Insurance Group member Republic Indemnity has completed a pilot project with Planck, an ...
Weather Network/Analytics Startup Eyes Global Growth With New $5.25M Financing Round
Understory – a weather network and analytics startup interested in insurance customers – has raised $5.25 million in new financings. Plans call for using the cash infusion to accelerate global ...
How a Wisconsin Mutual Insurer Became a Model Innovator
The most innovative ideas in the insurance industry don't always come from global mega insurers with large teams of technology experts that spend all their time devoted to imagining new ways of doing ...