InsTech News: Making insurance payments pay


This week, how to register for our next event, sponsored by Mastercard and Stripe, plus Appian on low-code/no-code solutions and predicting climate risk with Jupiter Intelligence.

Click on the headlines for more information.

A career in insurance - how to lift as you climb - Podcast 188

Elizabeth Jenkin, CEO of Nimbla, joins Robin on Podcast 188 to discuss why she left a 20-year career as a broker to join a start-up, the differences in working with brokers and insurers and how Nimbla is helping its partners to move faster.

InsTech in London - Making Payments Pay: Making the Most of Payments Technologies - 24 May, 5:30pm, CodeNode

The way payments are made has changed significantly over the past few years. Join us at CodeNode to examine the latest digital payment capabilities and how insurance can benefit from a more inclusive approach to payments. Confirmed speakers so far include Mastercard, Stripe, Cuvva, Arma Karma and Imburse. Full details on the website.

Member Spotlight: Appian

InsTech’s Tara Allsopp interviewed Gijsbert Cox, Appian Insurance Industry Leader. Read more about the benefits of no-code/low-code software and the company’s vision for the future.

Member Spotlight: Jupiter Intelligence

In this article, InsTech’s Ali Smedley covers what Jupiter has to offer insurers, the challenge of predicting climate change impacts and why companies are exploring their future climate risk.

MIC Global/InsTech Innovation Competition

MIC Global, recently granted “in principle” approval to create a Lloyd’s syndicate, is running a competition for MGAs with ideas for an innovative new embedded insurance product. MIC will provide capacity to the winners as well as help with designing and implementing the product. Visit the link below for details of the application criteria and how to apply.

UK flood risk to rise nearly 25% by 2050

Analysis from Fathom’s UK flood hazard model suggests a total of 1.35 million properties will be at risk of flooding by 2050. Professor Paul Bates, Fathom’s Chairman and co-founder, discussed the projections and using Met Office data on Sky News.

Skyline Partners, Howden and Munich Re launch parametric hurricane product

Skyline Partners has structured a parametric hurricane insurance product for the Jamaica Co-operative Credit Union League (JCCUL), which provides loans to 100,000 farmers. The product, delivered with Howden Group and using capacity from Munich Re, will provide the JCCUL with a payout to replace funds lost from farmers who default on loans following a hurricane.

MAPFRE to eliminate greenhouse emissions by 2050

MAPFRE has joined the Net-Zero Insurance Alliance (NZIA), with the aim of achieving zero net emissions in its insurance and reinsurance underwriting portfolios. You can find out more about how insurers are looking to measure the impacts of climate change in our report, Climate Change Risk Regulation and Measurement: 22 companies to know.

Cytora to support Beazley on streamlining risk submissions

Beazley will use the Cytora Platform to streamline its global risk intake and implement straight-through processing. The platform digitises and evaluates risk submissions using internal and external data sources.

Hannover Re UK to host Mental Health Awareness Week webinar

The event takes place on Tuesday 10 May at 10am and will explore how loneliness has shaped our mental wellbeing. It will also explore mental health in insurance, progress made by the life & health insurance industry in recent years and opportunities for further developments.