Tag: Digital transformation

The London Market is on the precipice of a digital transformation, and one significant initiative propelling this change is the Core Data Record (CDR) introduced by Lloyds as part of the Lloyd’s Blueprint Two programme. This strategic move aims to standardise and streamline the collection of critical transaction data, marking a pivotal leap in market efficiency. InsurTech Novidea explains why CDR matters for London market brokers. 

Digital transformation and innovation are becoming keystones in the insurance sector's evolution. Caroline Bedford, Chief Executive at EDII, delves into the pivotal role of fostering innovation and future-focused skills in the insurance industry in the latest episode of Hyperexponential's podcast.

The digital transformation of the insurance industry has been underway for many years. Carriers have drastically improved their efficiency, speed and accuracy through the implementation of new technologies. Now the sector may be looking towards data analytics to make the latest leap in the space. 

Infosys has entered into a Strategic Collaboration Agreement (SCA) with Amazon Web Services Inc (AWS) in a bid to provide technology transformation and industry-specific solutions to financial organisations across the EMEA region.

Market Simplified has launched an innovative Low-Code Application Platform (LCAP) designed to revolutionise financial services in the Asia-Pacific (APAC) region.

Nordnet has extended its partnership with Lumera, and is now set to launch a SIP insurance savings account offering, as it enters the Finnish market.

Layr, an Insurtech company for independent commercial insurance brokerages, has secured $10m in its recent funding round.

Federato has announced an exciting partnership with Google Cloud to integrate advanced AI capabilities into its RiskOps underwriting platform.

NEXT Insurance, a prominent digital small business insurer, has achieved a significant milestone by reaching 500,000 active small business customers.

Temenos, a global leader in banking software, has announced its collaboration with Africa and Gulf Bank (AGB), a progressive Sudanese bank.