News
AIG’s ‘Smart Contract’ Is First Multinational Insurance Policy Powered by Blockchain
American International Group, IBM and Standard Chartered Bank have successfully piloted what they say is the first multinational, "smart contract"-based insurance policy using blockchain. Utilizing ...
Executives On The Move at The Hartford and Hamilton Insurance Group
The Hartford promoted a long-time executive to become its new chief risk officer, succeeding another veteran leader who is retiring. Hamilton Insurance group promoted and added new responsibilities ...
UK Insurer Aviva Will Launch Cyber Insurance for Small Businesses
British insurer Aviva plans to launch a new product to cover small and medium-sized businesses against cyber attacks later this year as part of an expansion of its specialist insurance division, its ...
House Mulling 7 Proposals to Renew/Reform National Flood Insurance Program
House lawmakers are weighing seven proposals to renew and reform the federal flood insurance program, an area where there is a good amount of bipartisan agreement that something should be done and ...
Hiscox/Bold Penguin Partnership Envisions Online Future for Commercial Lines P/C Agents
Hiscox inked a new partnership deal with Bold Penguin, an InsurTech startup known for an online marketplace portal for commercial lines property/casualty agents. Neither side is disclosing financial ...
Anbang’s Woes Worsen as China Asks Lenders to Halt Business Ties
Pressure is building on Anbang Insurance Group Co. as Chinese banks distance themselves from the owner of New York's Waldorf Astoria hotel amid a wide-ranging government probe that landed Chairman Wu ...
Insurers Adapt to Terror Attacks on Western Cities
The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in ...
Blockchain and Insurance: The Time Is Right, But for What?
Twenty years ago, people who thought that the Internet would completely transform business processes would have been right—but they could also have lost a lot of money investing in "dot com" ...