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The policy registry enabled by the distributed-ledger technology aims to shorten the time it takes for carriers to respond to communities in crisis.
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The deal is the first by the recently launched State Auto Labs Fund.
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Lloyd’s will contemplate investing in the technology start-ups it nurtures via its new sandbox.
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The executive joins from Willis Towers Watson with more than 20 years of experience.
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Reinsurance broker says system will help clients grappling with ill-defined risks.
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Silicon Valley matchmaker Plug and Play reveals the latest group of InsurTech firms to come under its wing.
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Bermuda has entered the race to attract InsurTech innovators, seeking to become the second place, after Arizona, in the American hemisphere to provide a regulatory framework for companies to test new technologies on a limited number of customers.
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Beazley CEO Andrew Horton has called on the insurance market to embrace technology rather than waiting for it to be perfect before using it.
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The terrorism market has increased its use of London market electronic placement system Placing Platform Limited (PPL) year on year, according to data released by the organisation.
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The London market has placed the first political risk policy through electronic placement system Placing Platform Limited (PPL).
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Tapoly, a London-based start-up digital MGA, has signed an insurance capacity deal with Beazley, The Insurance Insider can reveal.
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Lloyd's has selected Boston Consulting Group (BCG) and venture capital and innovation adviser L Marks to work on the Lloyd's Lab project, a testing area for market innovation.