AXA is the first major insurance group to offer insurance using blockchain technology. Discover fizzy, a 100% automated, 100% secure platform for parametric insurance against delayed flights.
The B3I consortium of insurers continues to invest in blockchain technology and there was a public presentation at the Monte Carlo Rendezvous on Sunday. I didn’t attend, only getting to MC on Monday, but spoke to people who did. The verdict? Not generally impressed. Why? Technology didn’t work, but we…
Insurtech is set to disrupt an industry that is among the oldest and most complex in the world.
While Edward Lloyd is largely credited with commercializing the insurance industry, with the creation of his namesake firm, Lloyd’s, over 330 years ago, the original concept of spreading risk (or “mutualizing”) goes back even further.
Macroeconomic trends like the sharing economy and increased sensorization are changing the way insurance companies develop products for their policyholders. That’s according to a research brief from insurance consultancy Conning titled “Emerging Business Models in Personal Lines Insurance: Innovation-Based Disruption” released this week.