Technology/Science
Drought, Cloud Computing Top Swiss Re’s P/C Emerging Risks
Drought and cloud computing would not necessarily go together, but they do in the world of insurance risk. Swiss Re sees both as the greatest risks property/casualty insurers will face in the coming ...
Blockchain Insurance Broking Deal Arrives in Bitfury/Risk Cooperative Tie-Up
U.S. technology company The Bitfury Group said on Friday it had formed a strategic partnership with advisory firm Risk Cooperative to use the blockchain digital ledger in the $60 billion insurance ...
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 ...
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 ...
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 ...
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" ...
U.S. Senate Trio Plan to Introduce Self-Driving Car Legislation
A bipartisan trio of U.S. senators said on Tuesday they planned to introduce legislation to remove regulatory roadblocks to the introduction of self-driving cars, including sorting out conflicts ...
The Latest Launches From Chubb, CNA, Allianz Global Assistance and More
Chubb boosted its insurance capacity for terrorism, political violence and war risks. CNA launched a new Affinity Programs unit within its specialty arm. Allianz Global Assistance will team with ...