insurance

IAG is planning to train 3,000 staff – around 20 per cent of its workforce – in its new Cloud Academy by June next year to assist in the company’s ongoing digital transformation. Since establishing a new strategic vision in 2017 to leverage data and technology to drive customer experiences,

New data from Juniper Research forecasts that the value of AI underwritten insurance premiums will exceed $20 billion by 2024, up from an estimated $1.3 billion in 2019. This growth will be driven by streamlined underwriting processes, faster customer onboarding and reductions in operational costs enabled by AI. According to

Insurtech Gateway, the London-based insurtech incubator that recently closed the first tranche of a new AU$53.7 million investment fund, announced the launch of its first international program: Insurtech Gateway Australia. A specialised incubator for startups innovating within the global insurance sector, Insurtech Gateway offers a hands-on business incubation to a

Insurers will spend $634 million on robotic process automation (RPA) solutions by 2024, rising from $184 million in 2019; a 245 per cent increase over the next five years. The figures are contained in a new report from Juniper Research. Sign up for Which-50’s Irregular Insights newsletter RPA is software

Car subscription and trading platform Carbar has raised $16.8 million from insurance company IAG and private investors. IAG is now the majority shareholder in the three-year-old business, which it says will help it to better understand changing mobility trends and provide new sources of value to its customers. Sign up

A “tsunami” of new technology is coming along with a new wave of capital from commodity industries. The ultimate winners will be the ones that can capture the talent and information needed to leverage it, according to OpenText CEO and CTO, Mark Barrenechea. His evidence of the value of business

The next big competitive advantage in insurance will be created by the ability to capitalise on “momentary markets,” or personalised policy and service offers tailored to customers’ unique life moments and delivered in real-time, according to a new report from Accenture. The report, Technology Vision for Insurance 2019, notes that

artificial intelligence AI company

It’s a new day not very far in the future. You wake up; your wristwatch has recorded how long you’ve slept, and monitored your heartbeat and breathing. You drive to work; car sensors track your speed and braking. You pick up some breakfast on your way, paying electronically; the transaction

meeting notes executive business people

Chief financial officers at banking and insurance companies are playing an increasing role in digital transformation through leveraging new data and analytic technologies and by assuming greater influence in decisions about technology investments, according to new research from Accenture. The research published in two reports – one for the banking

insurance

Insurance carriers globally could generate US$375 billion in new revenue in the next five years by transforming and revitalising their businesses, according to a new report from Accenture. The report, “Insurance as a Living Business,” found that insurers that continuously innovate and adapt to changing customer needs will be able