insurtech blog

Sanctions. What are the chances of your company being fined for breaching sanctions regulations? If I was betting man I would hazard a guess that unless your company has adopted a robust integrated approach to ensure it complies with Sanctions regulations, then it is exposed to this risk.

 

A number of prominent financial institutions have recently been back in the spotlight for sanctions violations and are now potentially facing more damaging publicity and possible fines despite having previously paid out substantial sums for breaching sanctions rules in the last 10 years...

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As we approach the end of 2018, for many, thoughts turn to Christmas shopping and New Year´s celebration plans, but for the insurance sector, this is one of the most crucial seasons of the year. Many reinsurance contracts will renew on the 31st December and at the time of publication, many insurers will have met or been meeting with their reinsurers to negotiate their renewals. The Monte Carlo Rendez-Vous in September is seen as the place where market players meet...

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Eugene Brien, Head of Business Development, AdvantageGo speaks about the high-level goals for the business, the main challenges and opportunities facing the industry, and what he would do if he wasn´t working in the insurance sector.

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With dependable regularity the IASA conference comes around each June marking another industry year and presenting the opportunity to see how the industry has evolved in the previous twelve months.  As an industry we all have a strong digital agenda, the IASA conference will allow us to assess just how far we have progressed along that digital transformation road we have come. A recent survey AdvantageGo commissioned suggests that in many cases not that far. This time we’re off to...

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Back in the eighties when I first entered the Lloyd’s insurance market underwriting discipline simply meant doing exactly what the underwriter told you to do and not deviating from the rate sheet tucked conveniently at the top of the ‘box’ drawer.  The focus back then was primarily on writing for premium, hitting capacity limits and meeting the business plan income targets, arguably with less thoroughness in assessing the true quality of what was coming across the desk.  That was thirty...

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This week I will be heading to Bermuda to attend a new insurance industry event highlighting innovation on the Island.

Global Re’s Innovation and InsurTech conference will examine disruptive global technology trends and their effect on the evolution of the insurance and reinsurance markets, but I am particularly interested in seeing Bermuda contribute to the conversation around innovation in insurtech and what opportunities it can bring to the Island.

Bermuda as a jurisdiction has always worked hard to keep in touch with...

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Believe it or not there was once a time when Apple was not the globally dominant force it is today.  In a period when they were close to bankruptcy, Co-Founder Steve Jobs included the following nugget of wisdom in one of his company addresses: “The cure for Apple is not cost-cutting. The cure for Apple is to innovate its way out of its current predicament.”

It’s a piece of advice that the insurance and reinsurance industries should pay attention to, particularly...

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