24 June 2017
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Latest insurance news

AIG and Standard Chartered run multi-national insurance policy via DLT
Wholesale banking

AIG and Standard Chartered run multi-national insurance policy via DLT

16 June 2017  |  7144 views  |  0 comments | 3 tweets | 5 linkedin

American International Group, IBM and Standard Chartered Bank have converted a multinational, controlled master policy written in the UK, and three local policies in the US, Singapore and Kenya, into a 'smart contract' that provides a shared view of policy data and documentation in real-time.

BNP Paribas jumps into virtual reality
Retail banking

BNP Paribas jumps into virtual reality

30 May 2017  |  12489 views  |  0 comments | 23 tweets | 28 linkedin

BNP Paribas is the latest financial services firm to dabble in virtual reality, unveiling a VR-based app for retail banking customers and a 'teleportation' capsule for home buyers.

Law firms cosy up to UK fintech community
Retail banking

Law firms cosy up to UK fintech community

06 March 2017  |  9945 views  |  0 comments | 15 tweets | 8 linkedin

Top law firm Slaughter and May is to give five fintech startups free legal services worth tens of thousands of pounds. Meanwhile, another law firm, Simmons & Simmons, is launching a fintech and regtech student support programme with London's Queen Mary University.

Anthemis secures insurtech investment partnership with Baloise
Retail banking

Anthemis secures insurtech investment partnership with Baloise

28 February 2017  |  4147 views  |  0 comments | 9 tweets | 1 linkedin

Swiss financial services group Baloise has committed CHF50 million with UK venture capital fund Anthemis to help source, execute and manage investments in startups across Europe, the UK and the US.

Global fintech funding plunges in 2016 but expected to regain momentum in 2017
Start ups

Global fintech funding plunges in 2016 but expected to regain momentum in 2017

21 February 2017  |  9648 views  |  1 comments | 24 tweets | 15 linkedin

Funding for fintech companies around the world plummeted in 2016, with American and European firms experiencing a particularly sharp drop in investment, according to a report from KPMG and PitchBook which nevertheless predicts a bumper 2017.

Kevin the bot uses blockchain to offer insurance for P2P transactions
Start ups

Kevin the bot uses blockchain to offer insurance for P2P transactions

16 February 2017  |  13237 views  |  0 comments | 20 tweets | 15 linkedin

Madrid-based online reputation startup Traity has launched a chatbot that uses an "open blockchain balance sheet" to provide micro-insurance for people carrying out P2P transactions

China's fintech dragons roar
Mobile & online

China's fintech dragons roar

26 January 2017  |  7749 views  |  0 comments | 14 tweets | 9 linkedin

2016 was the year that China's fintech dragons roared, dominating VC spending while investment in some previously feted leaders in other parts of the world wilted, according to a report from Citi.

Japanese insurer to replace 30% of workers with AI
Payments

Japanese insurer to replace 30% of workers with AI

04 January 2017  |  5509 views  |  1 comments | 12 tweets | 9 linkedin

More than 30 workers at Japan-based Fukoku Mutual Life Insurance are set to be replaced by artificial intelligence (AI), according to Japanese daily The Mainichi.

MetLife opens virtual reality channel
Retail banking

MetLife opens virtual reality channel

21 December 2016  |  9501 views  |  0 comments | 10 tweets | 5 linkedin

MetLife in India has launched a new customer service platform available only through a virtual reality headset.

Admiral forced to pull plans to use Facebook posts to adjust car insurance premiums
Retail banking

Admiral forced to pull plans to use Facebook posts to adjust car insurance premiums

02 November 2016  |  6489 views  |  1 comments | 6 tweets | 6 linkedin

Admiral Insurance has run into hot water with privacy groups and Facebook over plans to launch a new policy for first-time car buyers that uses social media profile data to calculate premiums.

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