Tags: Insurance

IBM’s blockchain interest: has it peaked?

In 2016 IBM’s blockchain interest showed its first signs of ‘public life’. Through 2106 the number of announcements (by press release) built, with the odd quiet month. In 2017 the tempo built, until June 2017 when it slowed dramatically, before falling away to nothing in November. This could be natural. Worthy material to announce does…

Blockchain-backed market for tradeable insurance policies

fidentiaX is in the developmental phase of creating a blockchain-backed market for tradeable insurance policies. By basing this on blockchain technology it hopes to disrupt the insurance status quo – by empowering policyholders to monetise policies. fidentiaX will focus on building its operations within Asia before executing an global expansion strategy. In Asia, its key…

Cognizant finds blockchain is key for financial services

IT services company Cognizant has just released its latest report on blockchain. It is called Financial Services,: Building Blockchain One Block at a Time. The report comes less than a week after a blog looking at blockchain and the insurance industry. Reading both pieces of work it is clear that blockchain is beginning to emerge…

Bitfury+Risk Cooperative to exploit blockchain

Blockchain provider Bitfury and Risk Cooperative, a risk and insurance advisory firm, have announced a partnership. Its objective is to pioneer blockchain applications applicable to the $60 billion insurance intermediation market. The Bitfury/Risk Cooperative partnership will leverage: Bitfury’s expertise in designing and implementing blockchain applications. Risk Cooperative has an insurance placement platform with a partnering…

Enterprise Insurance: hiding the value behind the bland

In its latest Report on the insurance industry (Insurance 2025: Reducing Risk in an Uncertain Future) IBM’s Institute of Business Value manages to hide its value behind bland recommendations. For example, try these four critical “no-regret moves” for management tedium: “Build a war chest by embracing cannibalization: As products move to “as-a-service” models, deconstructing and…

Lakeside Partners launches blockchain competition

Lakeside Partners has launched Switzerland’s biggest blockchain start-up contest. The competition is aimed at the insurance industry and carries a top prize of US$100,000. The call for entries has gone out today and entries have to be in by July 30th. The jury will select the top 50 in September and reduce that to 10…

Telesure upgrades to Sage X3

Sage has announced that Telesure Investment Holdings has deployed Sage X3 across its different brands and subsidiaries. Telesure replaced its Sage Accpac deployment with Sage X3 to improve financial reporting across the organisation. Time for change Telesure operates the South African brands of Budget Holdings Ltd, a Guernsey based financial services group. Budget Holdings Ltd…

Chubb calls in IBM for Cloud and security

  Insurance company Chubb has signed a multi-year services agreement with IBM. That agreement will see IBM deliver cloud services, storage and cybersecurity protection for Chubb. According to Philip Guido, General Manager, IBM Global Technology Services, North America: “This agreement demonstrates how global organizations are utilizing hybrid cloud environments to quickly integrate business-critical data and…

Can Symantec open up India with HCL?

Symantec has deepened their relationship with HCL with a strategic alliance that will see HCL bring the Symantec products to its network of partners in India. This occurs at an opportune time with principal research analyst at Gartner Sid Deshpande predicting strong growth for the India information security market. He commented: “Security spending will continue…

IFS grabs business consultancy Pro4U

The implementation of ERP solutions is no longer about the installing software and rolling it out across a business. IFS appear to be recognising this and, at least in Sweden, have grabbed the attention of a young business consultancy Pro4U Business System. Pro4U has traditionally helped companies with strategic initiatives, providing key personnel at managerial and…