Health Advocate

CORE INSURANCE

Canadian Institute of Actuaries | July 07, 2022

A new statement from the Canadian Institute of Actuaries (CIA), Big data and risk classification: Understanding the actuarial and social issues, says that using big data derived from new technologies can contribute to the healthy functioning of insurance markets. Insurance companies establish different classes of risks to determine the availability and pricing of insurance coverage. This ensures that policy owners have coverage that appropriately matches their level of risk....

INSURANCE TECHNOLOGY

Majesco | June 09, 2021

Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced cloud-native core containerization for Majesco P&C Core Suite and Majesco L&A and Group Core Suite to provide portability, agility, speed-to-market, and ease of environment consistency management for companies accelerating their business transformation on the cloud. Majesco P&C Core Suite and Majesco L&A and Group Core Suite are built as Docker imag...

Swiss Re | March 13, 2020

Swiss Re has launched its Digital Market Center as part of the reinsurer’s “strategic alliance” with Microsoft. Aimed at further advancing insurance innovation and extending financial protection to more people globally, the partnership features the new center which will help develop what were described as “next-generation, large-scale” tools designed to transform the way risks are predicted and managed. Leveraging Swiss Re’s risk knowledge and Microsoft’...

Beazley | June 22, 2020

Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a live virtual event. The insurer acknowledged that streaming live events is not new but the policy responds to an increase in online events under social distancing during the pandemic....