Big data, ERP and IoT key to digital transformation efforts

To achieve digital transformation, North American companies are investing in big data, enterprise resource planning and Internet of Things technologies, according to a survey by enterprise application software company IFS. For its Digital Change report, IFS surveyed 750 decision makers in 16 countries, including more than 120 in North America,…

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Insurtech frenzy not slowing down soon: XL Innovate

Insurtech is firmly entering a “bandwagon phase” with lots of venture capitalists and legacy companies looking high and low for investment opportunities. And, says Martha Notaras, partner at XL Catlin’s investment arm XL Innovate, there’s no sign of the industry losing interest any time soon. There are two key reasons…

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Hiscox has chosen Luxembourg as its EU base

Hiscox has announced that Luxembourg will be the home of its European subsidiary following Britain’s decision to leave the EU. The two potential destinations were either Luxembourg or Malta. Luxembourg was picked because of its “pro-business position, strong financial services experience and well-respected regulator, as well as being close to…

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AIG lead on $600mn cyber policy bought by JP Morgan Chase

The world’s largest cyber insurance policy was placed by Willis Towers Watson on behalf of JP Morgan Chase and sees AIG become the lead underwriter. It has been reported that JP Morgan has a retention of $50mn, the largest in the market. AIG has a $25mn layer and is thought…

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