EY: motor market to return to loss in 2021; Canopius unveils algorithmic MGA; Kitsune sold to XS Direct
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Source: postonline.co.uk
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Brightside's MGA Kitsune sold to XS Direct
Deal comes after Brightside announced last November that Kitsune was to close to new business and go into run-off.
Source: insuranceage.co.uk
Spotlight: Technology – Embracing evergreen technology
Insurance Post Sponsored by: ? Outdated legacy systems have haunted the insurance space for years, stifling innovation and pushing up development costs. Now, with pressures coming from new entrants and customer expectations increasing, Post looks at why insurers are looking to evergreen technology solutions to fast-forward their IT plans The need to migrate from a legacy approach to low code configuration has never been clearer, as Neil Walker, head of architecture at Covea Insurance, explains: “A lot of legacy technology is monolithic. Insurers need to be ab...
Source: postonline.co.uk