InsureTech

US Market: Socotra Raises Another $15m in Funding

Latest from the Business newswires; Socotra, a San Francisco-based company with the only cloud-native core platform that enables insurance companies to rapidly develop and deploy new products, announced today that it has raised $15.2 million […]

Opinion

Opinion: Legacy Systems Can Spell Data Disaster, Tips & Advice Here

This latest Opinion piece is courtesy of Rob Faulkner, who is Insurance Practice Lead at Software Solved. It looks at the tricky question of legacy software systems and the costs in time and money when […]

Global insurance trends

Deals: AIG Sells Fortitude Re to Carlyle Management Fund

Latest news from the Business Wires for you; American International Group, Inc. The Carlyle Group and T&D Holdings, announced that a newly created Carlyle-managed fund, together with T&D, have partnered to acquire from AIG a […]

Technology

Farmers Union Mutual Ditches 30-Year Old Legacy System, Chooses Sapiens

 Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Farmers Union Mutual Insurance Company (FUMICO), the largest domiciled property & casualty (P&C) insurance company in Montana, has selected Sapiens CoreSuite […]

News

Deals: Home & Legacy Partners With Munich Re

High net worth insurance specialist, Home & Legacy, has announced that specialist underwriter at Lloyd’s of London market, Munich Re Syndicate, has joined its household underwriting panel. Alongside existing panel members, Munich Re Syndicate will […]

Technology

DveOps Round Table Event Looks at Technical Debt & How to Solve It

Technology leaders from some of the UK’s foremost insurance organisations say the sector must take drastic action to align with the digital economy, or risk major upheaval and an exodus of top talent. At a […]

Insurance Brokers

Legacy IT: Atidot Launches Orphan Policy Management Suite

Atidot, a leader in big data and predictive analytics tools for the life insurance industry, announce their new Policy Reassignment Management solution, powered by Microsoft Azure, to help life insurance providers more effectively manage orphaned […]

Opinion

Opinion: Technical Debt & Legacy IT Could Sink a Few Insurers

A thought-provoking article in The Economist prompts DevOpsGroup co-founder Steve Thair to urge insurers to get to grips with technical debt. The Economist’s recent article on the future of insurance, Run for Cover, has a stark warning for […]