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AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has been granted the first Insurance Marketplace Provider licence by Bermuda’s financial services regulator BMA – making it the first new regulated insurance marketplace since the formation of Lloyd’s of London in 1871.
Reinsurance giant SCOR has announced the launch of Vitae, an automated biometric risk calculator that employs machine learning techniques.
Findings from the Xpedition Innovation Equation Report clearly demonstrate the recognition amongst insurance professionals of the importance in delivering omnichannel customer engagement.
Interest remains high in technologies like artificial intelligence and big data.
The specialist Lloyd’s of London insurance and reinsurance marketplace has appointed Aviva’s Patrick Tiernan to the newly created role of Chief of Markets, which will see him take oversight of market performance and distribution.
Canadian property and casualty insurer Intact gained shareholder approval for its proposed joint-takeover of UK insurer RSA.
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