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A report by U.S.-based ratings agency S&P Global Inc. found that that ReinsurTech, or the adoption of technology and move to digitalization, could assist reinsurers in enhancing their competitiveness with alternative capital players, Artemis.bm reports. Reinsurers are increasingly adopting technology to improve their IT infrastructure, and develop their proprietary models while investing in insurtech startups to structure more innovative products, the report said.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees