Initial public offerings of insurers and InsurTechs brought in $3.83 billion last year, reaching the highest total in at least five years, according to S&P Global ...
Highlights from the insurance technology market update report for Q3 2020 include: Insurtech continues to see explosive activity, with ~$6 billion in financing volume ...
A new survey conducted by tech research and advisory firm, Information Services Group, has found that over 90% of European insurers are expecting COVID-19 to ...
Like every other market, insurtech will feel the effects of the COVID-19 pandemic in the coming years. But unlike many sectors, the global health crisis may slow the ...
In 2019, it was projected that the insurance industry was on the brink of a revolution in technology innovation. In a post-COVID-19 world, this outlook may be even more ...
After a decade of digital strides, the insurtech industry is maturing and driving innovation across many insurance sectors. COVID-19 has put investor optimism and ...
InsurTech PolicyPal has collaborated with FinTech firms Revolut and StashAway to launch a new programme called 'Medical Energizer' which offers insurance, financial and ...
Ping An Insurance (Group) Company of China, Ltd. has announced that its smart audio screening system has successfully identified more than 1,600 suspected cases of ...
With the world still grappling with the coronavirus outbreak, insurance companies and startups of the world are figuring out how to keep businesses running. Some key ...
The Latest from Mayer Brown
Brexit Brexit: The Way Forward Across the Brexit Finish Line – And Now What? Brexit: How Will It Affect My Business? The Implications ...
After three and a half years of negotiations and uncertainty, the United Kingdom left the European Union at 11 p.m. on 31 January 2020. But when will Brexit actually be ...
The dramatic June 2016 referendum in the United Kingdom in which 51.9 percent voted to leave the European Union initiated a long and arduous journey with multiple ...
Brexit is finally here. The United Kingdom leaves the European Union on 31 January 2020. The EU and the UK will now enter a transition period which is scheduled to last ...
The world of insurance is changing as new ways of doing business are making their mark on the industry.
Investment in the insurance technology space is continuing to ...
As societies across the globe grapple with increased uncertainty, from climate change geopolitical risk, or the revolution of technological progress — insurance is ...
Banks have certain activities related to insurance, such as referrals, premium financing and trust arrangements. Under the new Section 64G of the Insurance Ordinance ...
On October 7, 2019, the United States and United Kingdom released the text of a bilateral data access agreement that would permit law enforcement authorities in one ...
Bylined article by London Litigation & Dispute Resolution partner James Whitaker and associate Ali Jones on the rise of scandal insurance.
For more, visit ...
With the current Brexit situation, following the election of Boris Johnson as the UK’s Prime Minister, there are major issues to explore, such as how a no-deal Brexit ...
In July 2019, the UK Information Commissioner’s Office (ICO), a European data protection supervisory authority, has flexed its muscles and has announced its intention ...
On 20 July 2019, the Office of Financial Stability and Development Committee of the State Council, China’s Central Government, announced Relevant Measures for Further ...
The insurtech revolution is turning out to be far less about disruption than about collaboration—with the insurtech startups bringing improved analytics and user ...
The Latest from Mayer Brown Regulatory Corner: Acquiring Ownership – Considerations in Acquiring a “Controlling” Interest in a US Insurance Company [Insurtech by ...
Mayer Brown was named “Financial Facilitator of the Year” at the 11th annual Trading Risk Awards in London. The awards recognize excellence and the achievements of ...
The New General Law of Data Protection (LGPD) innovates how the personal data must be processed by companies in Brazil. Inspired by the European General Data Protection ...
In the more than 20 years that catastrophe bonds have been around they have mostly been used to cover peak risks in Florida, but there is growing interest in adding Asia ...
As of the third quarter of 2018, Asian insurers spent US$35.2 billion on technological advancements, according to a report by Capco Digital, and regulators are ...
The Latest from Mayer Brown Regulatory Corner: The California Consumer Privacy Act - Key Takeaways for Insurers and Insurance Regulators [Insurtech by Mayer ...
Under the new insurance licensing regime, Section 64G of the Insurance Ordinance Cap. 41 provides that a person must not carry out regulated activities, or hold out as ...
The Latest from Mayer Brown Regulatory Corner: Corporate Governance Gaining Ground – An Update on the NAIC Corporate Governance Annual Disclosure Act [Insurtech by ...
A consortium of 12 insurance underwriters led by Liberty GTS recently paid a €50 million claim under a warranty and indemnity liability (W&I) insurance policy ...
Mayer Brown has strengthened its Corporate & Securities practice with the arrival of Sheng Wu as a partner in Hong Kong. Sheng has substantial experience working ...
The Banking Policy Department of the Hong Kong Monetary Authority (HKMA) published a circular (BCBS Statement on Crypto-Assets) on March 18, 2019 in light of a ...
The Latest from Mayer Brown Global Insurance Industry Year in Review 2018 [Mayer Brown Publication] Regulatory Corner: An Unconventional Circular Letter - NYDFS ...
Regulatory Corner: Finding Common Ground - Recent Developments in International Supervision [Insurtech by Mayer Brown]
Artificial ...
A coordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario ...
Regulatory Corner: Keeping it Private - GDPR and Developments in Data Privacy in 2018 [Insurtech by Mayer Brown]
Push for Standardized ...
Where do insurers stand as they enter 2019?
In Deloitte's 2019 report, this question is explored, among many more, regarding how the insurance industry must transform ...
The 2018 McKinsey Digital Insurance Compendium synthesizes highlights from the past year that demonstrate the progress that has been made in reinventing the insurance ...
At the PwC Insurance Summit, presented by the Financial Times, that occurred in Bermuda this past November, various topics on innovation in the insurance industry were ...
London-based insurtech start-up Blocksure has launched a new blockchain platform for the insurance industry that it claims could cut back-office cost by ...
Three of the largest names in the insurance industry—Aon, Chubb, and Lloyd’s—collaborated to launch a risk solution to address terrorism and political violence, ...
Microsoft is selecting fintech and insurtech startups in the post-acceleration stage for its Fundo BR Startups. The VC fund, managed by MSW Capital, will allocate R$ ...
Total insurtech funding in the first quarter of 2017 was down compared to total funding in 2016. The dip in spending may be attributed to the heavy investments in 2016 ...
Insurtech startup Trov, which provides on-demand insurance for individual items, has raised $45 million for its global expansion efforts.
Trov is already operating in ...
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 ...
In this report, Mayer Brown's Global Insurance Industry Group discuss developments and trends in insurance industry transactions in the past year in North America, ...
As with many industries, the insurance sector has become increasingly more complex and internationally connected over the past decade. More than ever, international ...
A new report highlights key issues that companies and legal departments should expect to confront in responding to cross-border cyber incidents, from managing ...
On January 23, the European Commission (the "EU Commission") authorized the free flow of personal data to Japan. This "adequacy decision," issued jointly with a ...
By any measure, 2018 was a major year for data privacy regulation. The most significant regulatory development in this area was the European Union’s General Data ...
On December 19, the EU Commission ("Commission") published its report to the European Parliament and the Council on the second review of the functioning of the EU-US ...
Executive Summary
In a keynote speech at the Hong Kong Fintech Week on November 1, 2018, the Hong Kong Securities and Futures Commission (SFC) again asserted its ...
On August 13, 2018, President Trump signed into law the Foreign Investment Risk Review Modernization Act, or FIRRMA. This legislation was designed to enhance US national ...
In mid-November, the National Association of Insurance Commissioners (the “NAIC”) will be holding its fall meeting, bringing together insurance regulators, companies ...
The Hong Kong Monetary Authority (HKMA)’s Open Application Programming Interface Framework for the Banking Sector (Open API Framework), was issued on July 18, 2018, ...
Our Global Insurance Industry Year In Review for 2016 discusses developments and trends in insurance industry transactions in the past year in North America, Bermuda, ...
