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Today's Headlines March 15, 2022

How Insurance CIOs Can Orchestrate Business-Wide Transformation

The pandemic has been a wake-up call for insurers. In an industry that has traditionally lagged in digital deployments, the savviest players are reassessing their own infrastructures to reevaluate if and what transformation is needed. They are rethinking business models and looking to fuel innovation with enhanced offerings and experiences. This is heady stuff in... read more
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Nationwide, AXA XL & Hippo Discuss Product Innovation to Fight Risk
 
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Reuters Events
 

Cowbell Cyber Raises $100M in Latest Series B Funding

Cowbell Cyber, a provider of cyber insurance for small and medium-sized enterprises (SMEs), secured $100 million in capital in its latest series B funding round. The capital raise was led by Anthemis Group with participation from Permira, PruVen Capital, NYCA Partners, Viola Fintech, and all existing investors. The company said in a press release that... read more
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 Brand Spotlight 
Can IoT Insurance Programs Change Carrier and Customer Relationships for the Better?

The internet of things (IoT) has become a ubiquitous presence in our everyday lives. From the cars we drive to the places we live and the appliances and technologies we use, IoT helps consumers with added comfort and convenience. It also helps insurance companies because ...read more
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Swiss Re, Allianz, WTW Cutting Russia Ties

Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia. The German insurer and Swiss reinsurer join banks Deutsche, Goldman Sachs and JPMorgan Chase, which have exited Russia following its Feb. 24 invasion of Ukraine and subsequent Western government sanctions. The moves... read more
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Willis Towers Watson Follows Aon, Marsh in Russia Exit

Global broking and advisory firm WTW announced it would withdraw all of its businesses in Russia on Sunday. The move follows similar ones announced by brokers Marsh McLennan and Aon late last week. According to WTW CEO Carl Hess, WTW intends to transfer ownership of its Russian businesses to local management who will operate independently... read more
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Critical Cos. That Pay Ransom Face New U.S. Reporting Requirement

Companies critical to U.S. national interests will now have to report when they're hacked or they pay ransom, according to new rules approved by Congress. The rules are part of a broader effort by the Biden administration and Congress to shore up the nation's cyber defenses after a series of high-profile digital espionage campaigns and... read more
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U.S. Issues New Safety Rule Governing Driverless Vehicles

The Biden Administration has issued a final rule intended to ensure safety of occupants in automated vehicles. This rule updates the current Federal Motor Vehicle Safety Standards to account for vehicles that may be equipped with automated driving systems (ADS) and do not have the traditional manual controls associated with a human driver. Prior to... read more
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Tussle Over Connected Car Data Shifts Into High Gear; EU Mulling Regs

Where you go. What you pass. Where you stop. What you listen to. What you watch. Your good habits. Your bad habits. Companies in Europe and beyond are vying for control of the crown jewels of the connected car era: your vehicle's data. The contest is entering a pivotal phase as EU regulators look to... read more
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Research and Webinars

How to Move Beyond Digital Transformation

In just the last decade, we are seeing a historic shift in the insurance ...
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Reduce Expenses with Artificial intelligence

Today, there are four major forces that are putting pressure on the property ...
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Developing a Digital Payment Experience that Meets Customer Needs & Expectations

Recent studies indicate that consumers are willing to switch insurance ...
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The Ultimate Claims Management Platform Checklist

This must-read white paper illuminates the role technology plays in solving two ...
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P&C Technology Guide: How to Move Towards a "Predict and Prevent" Mindset

A 2020 U.S. P&C insurance performance analysis performed by EY showed that ...
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Media

Hard Market Profits Not Like 2001

InsurTech Newsletter


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