February 2019

The Latest from Mayer Brown

Regulatory Corner: Finding Common Ground - Recent Developments in International Supervision [Insurtech by Mayer Brown]

Artificial ...

Five Tech Trends That Will Define the Future of Insurance

With technology initiating dramatic changes that are reshaping the insurance industry, the forward-looking insurers are taking action and making investments that will ...

2019 Insurance Outlook: Growing Economy Bolsters Insurers, but Longer-Term Trends May Require Transformation

Where do insurers stand as they enter 2019?

In Deloitte's 2019 report, this question is explored, among many more, regarding how the insurance industry must transform ...

November 2018

The Latest from Mayer Brown
Regulatory Corner: Reinsurance Collateral Requirements - They Are A-Changing  [Insurtech by Mayer Brown]
Missiles, Malware and Merger ...

World’s Biggest Insurtech Conference Captures Industry Mood on Blockchain, AI

Earlier this month, InsureTech Connect- "the largest annual insurtech event in the world" - was held at the MGM Grand in Las Vegas. This year the event attracted over ...

October 2018

The Latest from Mayer Brown
Regulatory Corner: Deciphering Cybersecurity Initiatives in the Insurance Industry [Mayer Brown]
New Guidebook from Mayer Brown: ...

After Months of Development, B3i’s Blockchain Prototype Is Ready for Testing

Last September, the Blockchain Insurance Industry Initiative (B3i) introduced a prototype for a reinsurance blockchain product, the Cat XoL, at the Monte Carlo ...

Insurtech Blocksure launches insurance platform with Covéa

London-based insurtech start-up Blocksure has launched a new blockchain platform for the insurance industry that it claims could cut back-office cost by ...

California Enacts GDPR-Like Consumer Privacy Protections: What You Need to Know

The state of California recently enacted the most sweeping general privacy statute in the United States. The California Consumer Privacy Act, codified in Assembly Bill ...

June 15

Data Critical to Insurance Value Chain: Key Quotes from Mayer Brown’s Tech Transactions Group [Business Insurance]

CFPB Exploring Fintech Sandbox ...

Blockchain insurance policy in Puerto Rico pays out claims based on wind speeds

A supplemental insurance policy designed to provide payouts if recorded wind speeds reach Category 3 hurricane strength within 30 miles of a property has made its debut ...

May 4

Bermuda Invites Insurtechs to Play in its Sandbox [Bermuda Monetary Authority]

Beazley Bets on Blockchain [Reuters]

2030: Welcome to an AI-driven Insurance World ...

Insurer Beazley to launch blockchain registry with Bitfury, Lloyd’s broker

Beazley has partnered with three companies to create a blockchain-based registry that will handle insurance crisis situations such as mass shootings, the companies ...

March 23

Global Regulators Team Up to Bring Ideas (and Toys?) to International Regulatory Sandbox [Reuters]

Cigna Partners with Amazon to Bring New Voice (and Answers) to ...

Fintech: Commission Takes Action for a More Competitive and Innovative Financial Market

The European Union is beefing up its efforts to foster work around new technologies like blockchain.

According to a 2018 Fintech Action Plan released on Thursday, the ...

March 9

The World Economic Forum Tackles Cybersecurity Regulation [Digital Insurance]

U.S. Treasury Report to take 'Fresh Look' at Nonbank Fintech Regulation [American ...

Paying Travel Health Claims Just Got Faster With Blockchain

Blockchain technology company Cambridge Global Payments is now being used by insurers who want to speed up the claims payment process for their customers. The technology ...

RiskBlock Alliance Adds 18 members, Including Major Insurers

The RiskBlock Alliance, a distributed ledger technology consortium formed by The Institutes in Malvern, Pennsylvania, has seen 18 new members join, including several ...

B3i Platform Gains Traction as it Prepares to Launch Legal Entity

As B3i, the Blockchain Insurance Industry Initiative, has announced plans to launch as a legal entity in early 2018.

The consortium’s latest members include: AIA, ...

Start-up R3 has More Than 60 Firms Using its Blockchain Platform, Including Microsoft and Intel

R3, a financial technology company, has announced that more than 100 banks, insurance firms, regulators and trade associations are collaborating with its fintech ...

Insurtech Startup Etherisc Offers Blockchain-Based Flight Delay Insurance

Etherisc, a Switzerland-based insurance startup has launched a blockchain insurance platform for flight delay insurance. The policies are facilitated by and Ethereum ...

October 20

Regulators & Innovators Come Together in Silicon Valley [Mayer Brown's Insurtech Team] – Related: If you missed last week’s @Insurtech Snapshot, read our ...

Blockchain Will Do for Re/insurance What the Internet Did for Information: IBM Interview

Reinsurance News sat down with IBM’s Insurance Industry Global Managing Director, Sandip Patel, to discuss areas of the re/insurance value chain he expects will be ...

Blockchain Technology Hits the Retirement Plan Industry

Auctus, a startup company that’s aiming to build a platform for blockchain-powered pension funds, launched the presale for its initial coin offering Oct. 3. According ...

September 8

Drones Descend on Houston in Harvey’s Aftermath [Claims Journal]

Predictive Analytics Help Insurers Assess Harvey Auto Claims [Digital Insurance]

New Yorkers ...

EY Teams With Microsoft, Maersk to Use Blockchain for Marine Insurance

EY announced its plans to launch the first blockchain platform for marine insurance, alongside Microsoft, A.P Moller-Maersk and others.

The distributed ledger will be ...

Gen Re Partners with UK iInsurtech iXledger in Blockchain Venture

Gen Re has entered a strategic partnership with London-based insurtech firm iXledger (formerly InsureXTechnologies) to develop solutions for life and health insurance ...

August 25

Successful Integration in Transformational M&A Deals [Law360]

Blockchain Settlements: The Future of Cat Bonds? [Bloomberg]

Nationwide Commits to Insurtech ...

August 11

NAIC Cybersecurity Panel Approves Data Security Model Law [NAIC, A.M. Best, subscription required]

Snap a Selfie, Get a Quote: Legal & General America Launches a ...

Blockchains Get Into the Catastrophe Business

The similarity between catastrophe bonds and insurance contracts has investors and industry insiders hopeful that blockchain will eventually be utilized in the ...

LIMRA Establishes Life Insurance Blockchain Advisory Council

LIMRA announced it has established an advisory council to explore opportunities in the life insurance and retirement sectors to use blockchain technology. Initial ...

July 12

Partnerships foster Blockchain Breakthrough for Insurers [Business Insurance]

Combining Big Data & AI: A Recipe for Disruption [Reinsurance News]

New Kid on ...

Blockchain Technology Breaks Through

American International Group Inc. announced it has partnered with IBM and Standard Chartered Bank P.L.C. to create the first multinational, "smart contract" based ...

June 30

Technology aiding new lines of risk: Times are a-changing in the ILS market [Artemis]

Could insurtech be the key to Flood Insurance? [Insurance Journal]

Apple, ...

Blockchain Technology to Be Applied to Insurance Contracts Next Year

Global insurance giants are anticipating wide spread use of blockchain technology to actual insurance contracts starting from next year.

During the “Fourth ...

June 22

Blockchain to gain its first reinsurance product [Insurance Journal]

The Bots are coming: Why insurers like them, and what it means for the industry [Insurance ...

April 12

Removing humans from insurance? Not so fast. [Vertafore]

US on demand insurance startup sets its sights on Asia. [TechCruch]

Micro-insurance continues to rise in ...

R3 and Acord launch DLT-ful Insurtech Centre

R3 a distributed ledger technology (DTL) consortium has partnered with Acord (Association for Cooperative Operations Research and Development) to launch a virtual ...

Why AXA Wants to Become The Leader in Innovation in Insurance

AXA has been one of the most active insurers in the insurtech space; CEO Thomas Buberl discusses via LinkedIn AXA's goal of becoming a leader in innovation.

Read ...

Blockchain Insurance Industry Initiative B3i Grows to 15 Members

The Blockchain Insurance Industry Initiative (B3i), which was launched in October 2016 to explore the potential use of distributed ledger technology, has grown to 15 ...

Challenges with the evolution of Blockchain

Bylined article by London Intellectual Property & IT Partner Oliver Yaros on the challenges arising from the evolution of blockchain. Read the article here (page 22).