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Lloyd’s launches consultation on road map for insuring low-carbon transition
It will provide clarity on how Lloyd’s will support customers in a volatile macro-environment while preserving transitional progress.
Insurlog to use IXT’s solutions to offer logistics insurance products in Vietnam
Insurlog’s logistics insurance products will cover risks related to damage, loss or delay of goods during transportation.
Danish insurer Alm. Brand awards automation contract to Cognizant
The tech vendor plans to consolidate all the processes outsourced by the insurer into its centre in Vilnius during 2024.
UK to cut National Insurance rates to support 29 million workers
The main rate of National Insurance contributions (NICs) for Class 1 employees will be reduced from 12% to 10% from 6 January 2024.
CelsiusPro to upgrade Tower’s IT platform for parametric insurance product
Once complete, the upgrade will add new features such as an online premium calculator and mobile capabilities.
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Bridge Specialty appoints new CEO for European brokerage operations
Tim Coles most recently served as the CEO of Xenia Broking Group.
Wipro and NVIDIA to adopt generative AI for healthcare insurance companies
Wipro will use Nvidia’s AI Enterprise software to improve member experience and support claims adjudication.
Marsh McLennan launches new generative AI tool for employees
LenAI has been developed by Marsh McLennan’s Dublin Innovation Centre.
Oyster introduces usage-based rental insurance product in US
The new offering allows businesses or riders to only pay for insurance during the rental period.
US DOJ settles bribery probe with two British reinsurance brokers
Tysers and H W Wood have admitted to paying $2.8m in bribes to officials of the Ecuadorean Government.