Pool Re, the British government-backed terrorism reinsurer, has announced a partnership with Clearwater Analytics, a SaaS-led provider of investment management, accounting, reporting, and analytics solutions. Through this collaboration, Pool Re will transition from a custodian-based model to Clearwater’s advanced investment accounting and reporting platform. Tom Clementi, CEO at Pool Re, commented: “Clearwater Analytics’ investment accounting and reporting platform will significantly improve the timeliness and accuracy of our data and enable strategic decision-making. Adopting Clearwater Analytics is a big step forward in modernising our investment operations to better serve our members and the broader UK insurance market.” Keith Viverito, General Manager of EMEA and APAC at Clearwater Analytics, added: “Choosing the Clearwater platform means Pool Re isn’t just keeping pace – they’re setting it. We’re delighted to expand our significant UK market presence through our collaboration with Pool Re, a leading specialty reinsurance provider that plays an important role in the UK economy and is an arm’s length part of HM Treasury.” Read the full story here 👉 https://lnkd.in/eU2HZH3J
Insurtech Insights
Insurance
London, United Kingdom 117,738 followers
Insurtech Insights | Hosting 13,000 Executives, Entrepreneurs and Investors a year
About us
Insurtech Insights is a global ecosystem aiming to connect industry leaders and decision makers with innovative startups who are challenging the insurance market, in order to create mutual business opportunities and accelerate growth. Our vision is to foster debate around the most innovative technology topics impacting the Insurance industry today. Learn more on our website https://www.insurtechinsights.com Do you have news you would like to share with the World's Largest Insurtech Community? Please feel free to send us an email: [email protected]
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Updates
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Alex Leinweber, VP of operations at AgentSync talks producer to carrier relationships and the future of insurtech, at Insurtech Insights USA 2024 in New York last month. He says: "A big focus is on trying to knock down the barriers for the producers, for it to sell in the industry. Really, that producer to carrier relationship [is about] trying to streamline that producer experience and make that as painless as possible." #insurtechinsights #insurance #carrier #partnerships #insurtech
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Insurtech Insights speaks to world leading neuroscientist and sleep expert Dr Els van der Helm, who sheds light on the critical importance of incorporating sleep and wellbeing training for all employees, not just those in corporate offices. Dr Els is an adjunct professor at IE Business School in Madrid. Renowned globally for her expertise, she also lectures at leading institutions including St. Gallen and IMD Business Schools. Recognised among the top five sleep experts worldwide by Thrive Global, she advises global corporations on optimising sleep, performance, and wellbeing strategies. She says: "I always start by getting leadership on board. It’s crucial because if leadership doesn’t prioritise sleep, the rest of the organisation won’t either." Read the full story here: 👉 https://lnkd.in/eB6Fdibq #insurtechinsights #insurance #sleep #health #neuroscience
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US carbon-credit insurance carrier Oka, The Carbon Insurance Company™ and Socotra, a provider of modern policy administration systems, have announced a strategic partnership aimed at enhancing insurance solutions for the carbon markets and scaling climate initiatives. Dan Woods, Founder and CEO of Socotra, said: “We’re excited to support Oka’s bold product vision by helping the team bring much-needed insurance products to market. Risk mechanisms are conspicuously absent from carbon markets, which has, historically, stymied their immense and indispensable carbon capacity. Together, we look forward to driving the market forward.” Oka Founder & CEO Chris Slater, also commented, saying: “Climate change is a global problem that requires coordinated global solutions. We’re excited to join forces with Socotra to deliver the world’s first carbon insurance solutions to the global carbon markets.” Read the full story here: 👉 https://lnkd.in/eE3HD2w5 #insurtechinsights #insurancenews #carboncredits #socotra
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In this latest Thought Leadership article, Ross Sinclair, Founder and CEO of EIP Limited explores the history of embedded insurance services and why some 'innovative' new ways of offering such solutions are falling short of the mark. He says: "I was in the UK reminiscing with an elderly relative the other day and she mentioned that when she was a kid the family TV was rented. Ours was too I remembered – as was the VHS video recorder - from ‘Radio Rentals’ in the high street." #insurtechinsights #embeddedinsurance #thoughtleadership
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Radian Group has announced a partnership with real estate data and technology company BatchService to provide BatchService’s community of real estate investors and other customers access to its title and home closing platform, titlegenius. Preston Zeller, Chief Growth Officer of BatchService, commented: “We’re pleased to collaborate with Radian in offering the titlegenius product to our robust community of real estate investors and agents. Their tech-forward approach and savings potential through the title process align well with our values and customers’ needs.” Mary Dickerson (She/her/hers), Radian’s Chief People and Operating Officer, added: "It has been a pleasure for us to work with BatchService and its customers, and we are delighted to have the opportunity to add value to users’ workflows.” Read the full story here 👉 https://lnkd.in/eBv2TWnz #InsurtechInsights #InsuranceNews #Partnerships
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Tesla has been granted additional time to prepare for a lawsuit filed by a customer representing drivers in eleven US states, alleging the company overcharged for insurance through false crash warnings. The lawsuit, initiated last year, claims that Tesla used “false” crash warnings to inflate insurance premiums instead of relying on actual driving behaviour. Tesla Insurance determines premiums using real-time driving metrics measured by a Safety Score, including factors such as: forward collision warnings, hard braking, aggressive turning, unsafe following, excessive speeding, late-night driving, forced Autopilot disengagement, and unbuckled driving. The suit also accuses Tesla of violating California’s unfair competition law. Read the full story here: 👉 https://lnkd.in/etWGsadG #insurtechinsights #insurancenews #tesla #telematics #lawsuit
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Allianz Partners has been chosen by the Paris 2024 Organising Committee to provide medical assistance and repatriation services during the upcoming Olympic and Paralympic Games. François-Xavier Duchateau, Chief Medical Officer of Allianz, commented: “Allianz Partners is proud to provide medical assistance and repatriation cover for the Olympic family, including athletes, officials, and volunteers” “As a company committed to promoting sport and its values, we know the importance of providing the Olympic participants with medical cover to match their sporting ambitions, helping protect their health while providing peace of mind. Our entire team of assistance agents, nurses, and doctors are ready to deliver the best possible assistance to this exceptional group,” he added. Read the full story here 👉 https://lnkd.in/eZA2aMXU #InsurtechInsights #InsuranceNews #Olympics
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Enzo the German-based startup dedicated to solving the global problem of tap water pipe damage in buildings, has announced the successful completion of a $2.5 million seed funding round. Sascha Wolf, CEO of Enzo, stated: “50% of all building damage is caused by defective water pipes. Undetected defects in water pipes can have devastating consequences. Our technology has the potential to fundamentally change the management of water pipe damage, avoiding significant costs and water losses.” #InsurtechInsights #InsuranceNews #Funding
Enzo Raises $2.5 Million to Prevent Water Damage
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Miami-based insurance agent and specialty broker Zyber Insurance has announced the launch of its new cyber insurance quoting platform tailored for startups and midsize enterprises. The platform allows users to obtain insurance quotes within minutes through a streamlined digital process. Amri Tarsis, CEO of Zyber Insurance said: “As a founder of a technology startup myself, I understand the importance of cyber protection. Nowadays, We can activate a Web Application Firewall in minutes, but we can’t have the same efficiency in obtaining Cyber insurance because it’s still not widely available for insureds via online channels,” Read the full story here: 👉 https://lnkd.in/ep2tJcFQ #insurtechinsights #cyberinsurance #insurtech #sme #startups