Innovation
Jeff Greenberg Helps Back the Launch of Bermuda Reinsurer Armour Group Ltd.
Armour, a Bermuda-based P/C runoff insurance business, announced it has raised up to $500 million to form a reinsurance group called Armour Group Ltd. The equity commitments were made in partnership ...
Preparing for Unimagined Possibilities: A Guide to Future Strategy Planning for Insurers
Imagine that your car, acting on information from your AI-powered virtual assistant that you didn't get enough sleep, suggests driving itself to your morning meeting—and if you refuse, talks to ...
5 Tips for Overcoming a Change-Averse Culture
The environment for change in many organizations is unfriendly at best, creating a challenge for leaders trying to push for innovation. In a recent article for the blog Lead Change, leadership ...
The Institutes Completes Blockchain Proof-of-Auto-Insurance Product; Nationwide to Test
The Institutes' work with insurers in the blockchain space has led to a debut product – a tool designed to establish proof of auto insurance. Nationwide is the first carrier to bring it to ...
Lemonade Secures $120M in New Financing to Fuel Global Expansion
Digital insurer Lemonade Inc. announced a $120 million Series C funding round it will use to help accelerate a global expansion in 2018. SoftBank Group led the round, joined by existing investors ...
The Latest Launches From XL Catlin, Starr Companies and NIIT Technologies
XL Catlin's North America marine insurance business now offers insurance for marine contractors in the U.S. Starr Companies will start selling commercial drone insurance to members of the Academy of ...
American Family Beefs Up Data/Analytics Capabilities With Networked Insights Acquisition
American Family Insurance has purchased a data and analytics software company in a move it said will help accelerate its digital transformation. Financial terms were not disclosed for American ...
InsurTech Acceleration Program in Hartford Chooses Startups for Inaugural Effort
Hartford InsurTech Hub, an initiative established in 2017 by Hartford, Conn.-based insurance companies, the city of Hartford and CTNext, has selected the 2018 group of 11 startups that will ...