Of Special Interest


[x] [x]

22nd August 2021

Newslink Global Insurance Trends-Editor's Weekly Overview

This week, with most half year and second quarter financials revealed earlier, it was technology developments which caught Newslink's attention-Mosaic Insurance and DXC Technology launched an innovative technology platform for specialty insurance, and Whitespace Platform, the fully digital e-trading platform for brokers and insurers, celebrated the second anniversary of its launch and reported on progress-the London Market way of working is to be streamlined quicker through these and other major initiatives. Guidewire acquired HazardHub, a leading US InsurTech provider of API-driven property risk insights, and Hiscox-owned Singapore-based DirectAsia went live with Sapiens' Digital Core Upgrade. Forrester announced new research on Connected Insurance, HDI Global launched a new remote risk survey app: Virtual risk inspections for industrial customers, and Quotall announced a strategic partnership with Acrisure.
The Intergovernmental Panel on Climate Change(IPCC) opened a week-long virtual meeting of experts to advance preparations of the Synthesis Report, the final product of its current assessment, whilst CCRIF is to make a $40m payout to the Government of Haiti following the recent devastating earthquake. GlobalData forecasted that the General Insurance industry in Japan is to reach US$133.1bn in premiums in 2025, and also separately highlighted that the Life insurance industry in Indonesia should recover from 2021. The Geneva Association issued a new report headed "New Care Models: How insurers can rise to the challenge of older and sicker societies".
AXA is to sell its Singapore business to HSBC. Barclays Bank is to partner with Simply Business to provide small businesses with quick and easy access to a panel of insurance providers. Hudson Structured Capital Management acquired a majority stake in Occam to fund growth strategy, and DARAG announced a Loss Portfolio Agreement with Insr Norway. Marsh and Citi have developed an innovative risk structure to help Gavi speed delivery of COVAX vaccines to the world. AIA Group, Vienna Insurance Group(VIG) and Ardonagh announced latest financials. The Willis Towers Watson board unanimously selected its head of investment Carl Hess as the company’s new president and next ceo. There were senior appointments at Beazley and Swiss Re.

Full articles on the topics in the Editor's Weekly Overview above are included in those added this week to the Newslink Global Trends Research Database Service


Increasingly, financial services companies and their regulators are taking a global view as instant communications make the world a smaller place and are accelerating the maturity of developing countries. Insurance Newslink 28 years ago predicted this trend and over that period of time has uniquely brought together strategic intelligence from source across all insurance/reinsurance markets and related IT/InsurTech trends into an internet-based Research Matrix database self-service and reporting facility. As technology and analytics progresses, with such advances as machine learning, artificial intelligence, and
dispersed digitisation uplift following the COVID-19 pandemic, the service will play an increasingly important role in adding value to internal company analytics in a global market context.
Today, Insurance Newslink has over 54,000 expertly selected articles from source indexed across a Matrix of date, continent /country, company, regulatory, company, research/publications, and IT applications by business function. Our Banking Newslink Global Trends service commencing in 2000 has over 35,000 articles, and Financial Newslink combines both services at www.onlystrategic.com
Insurers, reinsurers and banks need to know about each other’s positioning and IT suppliers of all types and sizes need to understand the key business and regulatory issues and opportunities. The surge of InsurTech, FinTech and digitisation initiatives have emerged from all over the globe-only a few years ago, the Chinese were finding out about progress in the US and Europe and could well now be ahead of the field. Speedier change is impacting the mind-set of the customer/consumer.
The service acts as a strategic catalyst enabling quicker, better decisions across market players and suppliers bringing global market,IT, and regulatory trends together, adding value for student through to CEO.
Our content is read broadly equally across The Americas, Europe, and Asia Pacific by all ranges of management and we are increasing the number of distribution partners. Our service is available from a single user to a corporate subscription.
For the past 40 years, we have worked with over 100 market players and major technology suppliers-go to our consultancy site-Shillito Market Intelligence Ltd at www.shillito.org.uk for more background and a list of some of our clients. For the last 28 years, our Newslink Global Trends Research Database has been proven as the core content for our numerous white papers, university business school lecturing, training, speaking, and chairing events globally.