Insurance Systems Insights


People moves: Falcon, Ideanomics, Aon and more

27th February 2019

Company: bobsguide
FinFit announces new CFO Virginia-headquartered FinFit appointed Matthew Fahy as chief financial officer on February 19. At FinFit, Fahy will oversee the company’s financial strategy and operations. Most recently, he served as CFO and EVP of global services at AgilQuest. Prior to this, he held the role of CFO for Public Access... read more

Mitigating debtor risks in uncertain times

15th February 2019

Company: Tinubu Square
Thanks to a combination of factors, from geopolitical uncertainty and Brexit through to the trade disputes between the USA and China, economic stability seems to be in doubt once again. You don’t have to look far to see that in some markets, trading conditions are challenging, and, given that recession is a not too distant memory, this has... read more

Insurance: the new payments opportunity

4th February 2019

Company: Banking Circle
In recent years, just like businesses in almost any other industry, insurance companies have been focusing on improving the customer journey. They are increasingly adopting automated systems which help to streamline their service, offering policyholders an efficient, easily navigated and hassle-free journey from point of quote to purchase, to claim... read more

People moves: First Commerce Bank, TransUnion, Edison Group and more

31st January 2019

Company: bobsguide
Dash Financial Technologies appoints CFO New York-based fintech Dash Financial Technologies appointed Scott Patrick as chief financial officer, effective January 23. Patrick has 25 years of experience in financial services and financial technology and has held positions of an investment banker, equity research analyst and a strategic... read more

Burying the intercompany hatchet

28th January 2019

Company: BELLIN
Early on in my treasury consulting career, a new client approached me with what seemed to me a rather unusual request during their system implementation: “Could you please set up Deutsche Mark as one of our currencies?” I blinked. Deutsche Mark – the former German currency replaced by the euro in 2002? My confusion must have shown... read more

4 tips to reduce implementation risk through smart deployment

23rd January 2019

Rolling out new middle- and back-office technology should be a continuous process, but for some firms it’s more of a decennial event. The pace of change that has been set by regulators in recent years requires firms to fundamentally reassess their timescales and models for deployment. Going forward, fixed and... read more

Open Banking suggests life insurance opportunities

18th January 2019

Company: bobsguide
The combined effects of Open Banking, the General Data Protection Regulation (GDPR) and developments within artificial intelligence could see banks offering life insurance. “The real challenge is synchronising banks’ data into the old and archaic insurance processes in the old insurance offices and ensuring incumbent insurers are... read more

Is this just the beginning? The CMA’s response to the ‘loyalty penalty’ super-complaint

18th January 2019

Last September, the UK's Citizens Advice Bureau (CAB) filed a super-complaint with the Competition and Markets Authority (CMA) calling for more to be done to tackle the ‘loyalty penalty’ being paid by longstanding customers in five markets: mobile phone contracts, broadband, cash savings, home insurance and mortgages. The... read more

Growing appetite for crypto risks sees insurance premiums tumble

7th January 2019

The exciting story of crypto currency trading has seen many businesses and individuals amass huge fortunes over the last few years. Notable examples include Chris Larsen, cofounder of Ripple (crypto net worth: $7.5bn - $8bn) and Changpeng ‘CZ’ Zhao, CEO of Binance (crypto net worth: $1.1bn - $2bn), according to Forbes. The continuing... read more

Stagnation and competitiveness halting the rise of insurtech

3rd January 2019

Company: bobsguide
Insurance renewal rules by the UK’s Financial Conduct Authority (FCA), which were created to encourage consumers to shop around as contracts approach expiration, have failed to have any significant impact according to Phoebe Hugh, CEO of insurtech, Brolly. “The biggest challenge for insurtechs is that consumers are inert in insurance... read more