Broker Insights becomes Biba associate member

The insurtech has a shared interest in several of the commitments outlined in “Biba’s Manifesto: Risks and Opportunities 2019” such as help with …

Broker Insights has been selected as Biba’s newest associate member.

The insurtech has a shared interest in several of the commitments outlined in “Biba’s Manifesto: Risks and Opportunities 2019” such as help with changing market practices, supporting small and start-up brokers and maximising new opportunities with insurtech adoption.

Biba’s chief executive, Steve White, added: “Innovation and the ways in which it can help our members is one of our key focuses.”

It follows Broker Insights recent partnership with Coversure which saw ninety-three regional brokers going live on the insurtech’s search platform.

Andy Thornley, BIBA head of corporate affairs and Biba’s innovation lead explained: “We have worked with Broker Insights on projects to raise awareness about the opportunities that come from insurTech and innovative thinking.

“Having them as an associate member adds to our thought leadership and direction in this important area.”

Visibility

The insurtech aims to provides regional commercial insurance brokers with new opportunities to be seen and heard by leading insurers.

Its search platform went live in October 2018 and hosts more than 120 regional broker offices, securely presenting anonymised commercial customer risk information to partner insurers.

Its free solution is available to brokers and claims to increase visibility and attention with insurers like Ageas, AXA, Hiscox, Ecclesiastical, QBE and Zurich as well as support data analytics and information management as part of the service.

Fraser Edmond, chief executive and co-founder, Broker Insights said: “This business was founded after years of working as an insurer looking after brokers, listening to what brokers need most and intimately understanding the market challenges.

“By the simple, practical application of technology and use of data we believe we can genuinely level the playing field for regional brokers in terms of access to and attention from leading insurers. We believe we can drive real efficiencies for brokers and insurers alike by better connecting them at the right times for the right clients.”

Broker Insights has over 200 active insurer users in its platform working with over 120 broker offices.

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Aviva signs five year capacity deal with tech-driven niche insurer Ripe

Insurer Aviva has agreed to a five-year capacity deal with UK-based insurtech Ripe Insurance. Under the agreement, which became effective from …

Aviva signs five year capacity deal with tech-driven niche insurer Ripe

iStock/phototechno

Insurer Aviva has agreed to a five-year capacity deal with UK-based insurtech Ripe Insurance.


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Aviva, Insurtech, Ripe Insurance, Partnership, Capacity, Niche insurance, UK

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Advancement: The Fog Computing Industry Will Be Fiercely Competitive in 2019

The objective of fog computing is to improve efficiency and the amount of data transferred to the cloud for processing, analysis and storage. This is …

The objective of fog computing is to improve efficiency and the amount of data transferred to the cloud for processing, analysis and storage. This is most commonly done to improve efficiency, but it may also be used for security and compliance reasons. Popular fog computing applications include: smart city, smart grid, smart buildings, software- defined networks and vehicle networks.

The key difference between fog computing and edge computing is where the intelligence and compute power is placed. In a fog environment, intelligence is placed at the local area network. Data is transmitted from endpoints to a gateway where it is then transmitted to sources for processing and return transmission. Whereas, in edge computing, intelligence and power of the edge gateway or appliance are in devices such as programmable automation controllers.

Usually cloud computing is not a viable option for internet of things (IoT), in such cases fog computing is used. Fog Computing’s distributed approach attends to the needs of IoT and industrial IoT, as well as the immense amount of data smart sensors and IoT devices generate, which would be costly and time-consuming to send to the cloud for processing and analysis. Fog computing reduces the bandwidth needed and reduces the back-and-forth communication between sensors and the cloud, which turns out to be beneficial to IoT performance.

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Fog Computing Market: Drivers and Challenges

Fog computing market has recently gained importance due to increasing adoption of internet of things worldwide, increasing demand for computing capability at the edge, mainstreaming of cloud computing and high adoption of smart sensors that will create huge amount of data. The growing government and private funding across the globe for research and development in IoT, cloud and fog, and scope for innovative cross-domain applications provide significant growth opportunities in the fog computing market.

The challenges faced by fog computing market are existing data protection mechanisms such as encryption fails to secure data from attackers. Fog computing also does not verify whether the user is authorized or not.

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Fog Computing Market: Segmentation

Segmentation on the basis of component:

  • Hardware
  • Servers
  • Switches
  • Routers
  • Gateways
  • Controller
  • Software
  • Customized application software
  • Fog computing platform

Segmentation on the basis of application:

  • Smart Energy
  • Building and Home Automation
  • Smart Manufacturing
  • Connected Health
  • Transportation and Logistics
  • Security and Emergency System

Fog Computing Market: Recent Contracts/Deals and Acquisitions

Few of the recent contracts/deals and acquisitions in Fog Computing market are listed below:

  • In November 2016, Cisco Systems, Inc. completed the acquisition of ParStream Inc. (provider of analytics database in Germany) in order to enhance the ability of the company to provide analytics at networks edge
  • In October 2016, Intel Corporation launched new Intel Atom processor E3900 series to enable next generation of smart and connected IoT devices
  • In September 2016, Microsoft Corporation introduced new services and products spanning security, productivity, intelligence and the cloud in order to make it easier for IT professionals to drive digital transformation throughout their organizations
  • In September 2016, SAP SE acquired PLAT ONE (enterprise-grade Internet of Things (IoT) solution platform provider) in order to make it easy for enterprises and system integrators to build IoT-enabled applications

Fog Computing Market: Regional Overview

Fog Computing market is currently dominated by North America region due to countries such as U.S. and Canada taking initiatives to encourage the adoption of internet of things. Europe fog computing market follows next as various industry verticals are realizing the importance of shifting to internet of things and fog computing. APEJ and MEA regions are fast picking up pace in the fog computing market owing to increase in awareness of making use of this technology over cloud computing.

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The report covers exhaustive analysis on:

Fog Computing Market Segments

  • Fog Computing Market Dynamics
  • Historical Actual Market Size, 2013 – 2015
  • Fog Computing Market Size & Forecast 2017 to 2027
  • Value Chain
  • Fog Computing Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Fog Computing Market Drivers and Restraints

Regional analysis for Fog Computing Market includes development of these systems in the following regions:

  • North America
  • US
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Europe
  • U.K.
  • France
  • Germany
  • Poland
  • Russia
  • Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint

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eToro Acquires Danish-based Smart Contract Development Company Firmo

eToro, exchange and social network for investors and traders announces the acquisition of Danish-based smart contract development company Firmo …

eToro, exchange and social network for investors and traders announces the acquisition of Danish-based smart contract development company Firmo in a press release published on March 25.

The press release quoted Co-founder and CEO of eToro Yoni Assia as he elaborates that the acquisition will allow the platform to grow its offering of tokenized assets. He also noted:

“We believe that in time all investible [sic] assets will be tokenized and that we will see the greatest transfer of wealth ever onto the blockchain.”

Per the release, the team acquired through the acquisition will play the role of an internal innovation team, that will work on tokenization of all eToro’s assets. Reportedly, this will also involve research and development of infrastructure that will be dedicated to the representation of assets and trade execution on blockchain.

The announcement further claims that Firmo’s technology will allow safe deployment of financial contracts on any blockchain. The system employs a domain-specific contract language called “FirmLang” that can be translated by the company’s software onto platforms such as Ethereum (ETH), EOS (EOS) or NEO (NEO).

Earlier to this announcement, eToro announced listing Tron (TRX) on its cryptocurrency trading service. Reportedly, the said trading service was launched at the beginning of the current month in 31 US States.

We are pleased to announce that we’ve added another cryptocurrency to our ever-growing selection of crypto assets: Tron.#TRON#TRX$trx

— eToro (@eToro) March 25, 2019

Read More: A New Report Predicts That Blockchain Spending In US Will Increase To $41 billion By 2025

Image Source – Firmo Twitter

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Insurtech Market Opportunity Assessment 2019-2023 Insureon, ACD, Rein, AppOrchid, GoBear

Detailed market study on the “Global Insurtech Market” Research Report 2019-2023 by marketandresearch.biz entails all the important aspects of the …

Detailed market study on the “Global Insurtech Market” Research Report 2019-2023 by marketandresearch.biz entails all the important aspects of the market. The Insurtech Market report analyzes the historical data from 2013-2018 as well as the present performance of the market and forecast 2019-2025 to make predictions on the future status of the market on the basis of analysis. The report contains an introduction to new trends that can guide the businesses performing in the market to improve their strategies. It comprises the structured and systematic founded procedure of assessing and introducing the market mechanisms. Basically, its an intelligent research study of gathering and assessing the numerical data related to services and products.

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The report will give the answer to questions about the present performance of the market and the competitive scope, opportunity, challenges, cost and more. The market can be divided based on product types and it’s sub-type, key applications, and major regions. Then it discusses recent product innovations and provides a scenario of potential regional market shares. It aims to fulfill your targeted customer’s understanding, needs and wants as well as to explain how effectively a company can meet its requirements.

The Insurtech report sizes the market with the aid of product type, end-use sector, and geography. It has considered many factors while examining the global Insurtech market such as technology advancement in this field, profiles of leading market players and suppliers, market segments, size, production, industry challenges, opportunities, and the customer needs.

The analysis phase begins with a comparative study of top leading players in the Insurtech market followed by company profile, contact information, product introduction and cost structure, capacity and market strategies.

Top Manufacturers cited in the Insurtech market report:-

  • Insureon
  • ACD
  • Rein
  • FWD
  • GoBear
  • AppOrchid
  • BRIDGE
  • CHSI Connections
  • CideObjects

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The global Insurtech market is divided geographically into: North America, Europe, China, Asia-Pacific, South America, and Middle East and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Further the report packs analysis of Insurtech leading supplier’s capacity, commercial production date, manufacturing plants distribution, R&D Status, technology sources, and raw materials sources. Besides it covers upstream raw materials, equipment, downstream client survey, marketing channels, industry development trend and proposals.

The conclusion part of the report features the descriptive analysis of the parent market based on best players, present, past and futuristic data. All this information will guide the Insurtech industry competitors to achieve success and profit in their businesses.

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