InsTech News: Insurance marketplace innovation


This week, more details on our upcoming marketplaces and exchanges report and insights from CAPE Analytics on how to accurately assess rebuild value.

Measuring loss remotely, cheaply, easily - Podcast 195

Matthew talks to Plnar CEO Andy Greff about how images captured remotely by policyholders using mobile phones are providing new insights on property characteristics and speeding up claims by removing the need for a home inspection.

Live Chat: Marketplaces and Exchanges - 10 Ways They Are Reshaping Insurance - 12 July, 2pm

The next InsTech report will provide an update on the evolution of the e-trading scene, including changing market dynamics and evaluations of new platform providers. It will be free to download on Tuesday 12 July and Robin will discuss the findings at 2pm in a Live Chat with IncubEx, Swiss Re and xTrade.

Lloyd's Lab Application Q&A for Cohort 9 - 30 June, 4pm

We are delighted to be supporting Lloyd's with identifying and helping companies around the world apply for Cohort 9 of the Lloyd's Lab. Matthew will be joining a panel from Lloyd's Lab, past mentors and participants to help explain what the lab is and why we at InsTech believe it offers an excellent opportunity for companies to test out new and evolving applications to support underwriters.

Report: Property Intelligence - the future of accurately assessing rebuild value

Produced in partnership with CAPE Analytics, this free report examines how insurers are using property attribute data to calculate rebuild value. It includes insights on why confidence scores matter and the factors to consider when choosing a property information provider.

Spotlight: Tensorflight - automating property inspections

InsTech’s Ali Smedley interviews Maxi Wandel, Business Development Lead at Tensorflight, about providing accurate property data to insurers, remote claims assessment and building new partnerships.

MIC Global receives approval to commence underwriting

MIC Global’s Syndicate 5183 will be managed by Asta through the Lloyd’s syndicate-in-a-box (SIAB) platform. The first partnership that MIC Global will underwrite is InsureTek, the manufacturer of an IoT water sensor system that predicts catastrophic water events.

Parsyl hires new London team

Parsyl is to open a London office to serve the Lloyd’s open market via its Syndicate 1796. The supply chain insurer has also announced the appointments of Kristopher Kimble, Henry Wood and Ed Colclough from Aon, McGill and Talbot Underwriting. Hear more about Parsyl from CEO and Co-founder Ben Hubbard on Podcast 123.

Zurich Municipal customers to get Previsico flood warnings

Previsico is to provide Zurich Municipal customers with its surface water flood warning system, which sends an alert if an insured property is at risk of imminent flooding. The partnership will also provide local authorities with a new district flood warning service for roads and parks.

JBA partners with Chedid Re

Reinsurance broker Chedid Re is to use JBA Risk Management’s global flood model to provide flood risk analytics and catastrophe modelling services to clients across the Middle East, Africa and South Asia.

Navigating Maritime Risks: An Insurers’ Perspective

IHS Markit is hosting a webinar on 6 July to examine the challenges facing the marine insurance sector. Topics include how the risk profile for typical ship operations has changed, the technology shifts and trends affecting marine insurers and unlocking value through data and analytics.