Innovation
Lloyd’s to Unveil New Strategy This Week as Storm Clouds Gather
Lloyd's of London, the world's oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure to natural disasters, competition from rival centers ...
Tesla’s Musk Renews Plans to Take on Insurers
During Tesla's earnings call last Wednesday, Chief Executive Officer Elon Musk said that the company is creating its own insurance product and hopes to launch it in about a month. The comments ...
Design and Architectural Transformation at Zurich North America and CNA
Zurich North America and CNA have at least one thing in common: Within the last few years, they shed their old, outdated headquarters and redesigned completely new spaces from the ground up. They ...
Marsh Will Begin Rollout of Proof of Insurance Blockchain to U.S. Commercial Clients
Marsh said it will start rolling out its Proof of Insurance Blockchain platform to U.S. commercial clients. Originally launched as a proof of concept last April, Marsh's blockchain-driven Proof of ...
Addressing Unmet Needs: How The Co-operators Is Fulfilling Its Mission With an Innovative Business Model
In Canada, The Co-operators is staying true to a 74-year-old mission in an innovative way, which involves teaming up with a three-year-old InsurTech. "Our mission is to provide financial security and ...
Marsh, Guy Carpenter, JLT Combining Latin America Facultative Reinsurance Operations
Marsh, Guy Carpenter and Jardine Lloyd Thompson Group, all now under a single corporate umbrella, are planning to combine their facultative reinsurance operations in Latin America. The action ...
AI-Based InsurTech Cytora Raises $32.5 Million, With Focus on Commercial Insurance
Cytora, a developer of artificial intelligence-based products and services for the commercial insurance industry, has raised $32.5 million in new financing. The London-based startup said it will use ...
VC Bets on InsurTechs in a World Where Few Will Survive
With 20 years of experience as a professional venture capital investor on his resume, Jonathan Kalman seems well positioned to deliver an expert opinion on the likely forthcoming failure rate of ...