February 2019

The Latest from Mayer Brown

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

Artificial ...

@Insurance Snapshot: Regulatory Corner: Finding Common Ground – Recent Developments in International Group Supervision

As with many industries, the insurance sector has become increasingly more complex and internationally connected over the past decade.  More than ever, international ...

A Global Cyber Attack Could Cause up to $193 Billion Worth of Damage: New Report Projects

A coordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario ...

Free Flow of Personal Data Between the European Union and Japan Starts Now

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 ...

@Insurance Snapshot: Regulatory Corner – Keeping it Private: GDPR and Developments in Data Privacy in 2018

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 ...

January 2019

The Latest from Mayer Brown

Regulatory Corner: Keeping it Private - GDPR and Developments in Data Privacy in 2018 [Insurtech by Mayer Brown]

Push for Standardized ...

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 ...

Digital Insurance in 2018: Driving Real Impact with Digital and Analytics

The 2018 McKinsey Digital Insurance Compendium synthesizes highlights from the past year that demonstrate the progress that has been made in reinventing the insurance ...

EU-US Privacy Shield Undergoes Second Review by EU Commission and (Re)Passes the Test—For Certifying Companies, Santa Has Come to Town

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 ...

SFC Announcements on Regulatory Approach to Virtual Assets

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 ...

Technology, Investment and Security: The Modernization of CFIUS – What Does it Mean for the Global Investor?

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 ...

@Insurance Snapshot: Regulatory Corner – Reinsurance Collateral Requirements – They Are A-Changing: An Update on the Covered Agreement Prior to the NAIC Fall Meeting

In mid-November, the National Association of Insurance Commissioners (the “NAIC”) will be holding its fall meeting, bringing together insurance regulators, companies ...

Open wide! The HKMA’s Open API Framework

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, ...

Is the Insurer of the Future a Tech Company? PwC summit in Bermuda explores

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 ...

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 ...

3 Insurance Leaders Collaborate for Terrorism, Political Violence Solution

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, ...

How Microsoft Wants to Help Brazilian Startups Go Global

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$ ...

Global Insurance Industry Year in Review

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, ...

Study Finds Insurtech Funding Dips as Startups Launch; Predicts Small Business Disruption Ahead

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 ...

Trov Adds $45 Million For The Global Expansion of its On-Demand Insurance

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 ...

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 ...