Inside look: Synchrony’s AI training strategy
Synchrony Financial is investing in training its employees on emerging technology, with a focus on AI and automation. Training options include…
Emirates NBD’s Deniz Ventures, Rasmal Ventures provide Mena securitisation innovation $7.6m boost
The world’s first AI-powered securitisation platform, TeamSec, aims to transform the structured finance industry through a securitisation-as-a-service platform.
Beazley expects new Bermuda platform to deliver ~$400m premium by 2030
Beazley, the London headquartered specialist insurer and reinsurer, has confirmed that it foresees “strong growth trajectory” for its new Bermuda platform, with around $400 million in premium expected by 2030.
Turkish investment bank BankPozitif taps Taurus for crypto custody
Turkish digital investment bank BankPozitif has teamed up with Swiss blockchain startup Taurus for a push into crypto.
“Ukraine war dashes hopes of bumper year for insurance” – Allianz
Russia’s invasion of Ukraine has ‘dashed’ hopes for a bumper year for the insurance industry, says a new report from Allianz.
PERILS places final industry loss estimate for 2024 Central Europe floods at €2.15bn
Zurich-based catastrophe insurance data provider PERILS has released its fourth and final insurance industry loss estimate for the floods that struck Central Europe and Italy between September 14 and 20, 2024, totalling €2.153 billion.
F&I Sentinel rolls out 3 enhancements to manage product cancellations
F&I Sentinel on Wednesday announced its first significant platform upgrade since the acquisition of aftermarket refund solution provider Express Recoveries from Cox Automotive last year. Executives highlighted these upgrades are a result of incorporating the Express Recoveries platform into F&I … [Read More]
CFIT convenes industry coalition to develop an Open Property Smart Data scheme
Fintech growth quango, the Centre for Finance, Innovation and Technology (CFIT) has convened an industry-wide coalition to revolutionise the home-buying process.
Agora Data reveals 5 members of new financial institutions group
Agora Data on Tuesday announced the formation of its new financial institutions group, which is tailored to serve finance companies that specialize in addressing the needs of the subprime to non-prime market. Agora Data said the division supports independent consumer … [Read More]
Philippe Donnet to remain as Generali CEO
Shareholders of Italian insurance giant Generali voted today in favour of keeping current Chief Executive Officer (CEO), Philippe Donnet, in his role with a margin of ~56% of voting capital in favour.
AXIS & Provident to provide A&H insurance solutions through US purchasing program
AXIS Capital Holdings has announced that AXIS Insurance Company has secured a four-year contract to provide specialty accident and health (A&H) insurance solutions to governmental, educational, and non-profit businesses across North America through a US-wide purchasing program, operated by Sourcewell.
Achmea reportedly mulling sale of its Pension & Life Insurance arm
Dutch insurer Achmea is reportedly mulling a potential sale of its Pension & Life Insurance arm, as per a new report from Reuters.
FCA taps OneMarketData for market surveillance
The UK’s Financial Conduct Authority (FCA) has picked OneMarketData for the provision of a new cloud-based market surveillance and visualisation system.