Our Focus

Technology and Innovation

Credit insurers and sureties have long championed the adoption of new technologies and innovations which can improve operational efficiencies and deliver better experiences and outcomes to customers. ICISA works closely with our members to understand and adapt to technological change, but also contribute to discussions on the appropriate regulation and supervision of the sector and new, ‘challenger’ technologies.

Credit insurers and sureties (as well as their reinsurers) analyse large quantities of data and often must make rapid, automated decisions. ICISA members closely follow developments in data management, analytics and other related developments which can benefit their businesses. ICISA is at the forefront of promoting the adoption of blockchain technology within the Surety sector through collaborations with key stakeholders across the market. We also seek to utilise our experience of existing and emerging technologies to contribute to public debates about broadening access to financial services, combatting financial crime, and improving efficiency and performance.

ICISA has contributed to public consultations and other discussions on the regulatory response to blockchain adoption and other smart technologies, as well as the development of public databases of relevant information about businesses in the real economy, among others.

If you would like to discuss our approach to this topic, contact Daniel de Burca

Latest news on technology & innovation
News Asia committee Surety Banking Rules ESG Insurance Regulation State Aid Tech & Innovation
India publishes guidelines for surety market
11 Jan 2022
The Insurance Regulatory and Development Authority of India (IRDAI) published finalised guidelines on 3 January 2022, setting out for the first time, rules governing surety business in India.
More info
News Trade Credit Insurance Tech & Innovation
ICISA Launches studies on Loss Given Default in the global trade credit insurance market
27 Oct 2021
The International Credit Insurance & Surety Association (ICISA)  released two new Loss Given Default (LGD) Studies for the global trade credit insurance market.
More info
News Trade Credit Insurance Insurance Regulation Tech & Innovation
EIOPA opens conversation on blockchain and smart contracts in insurance
24 Aug 2021
More info
See all news on technology & innovation
Latest publications on technology & innovation
Regulatory Sub Committee Reinsurance Surety Trade Credit Insurance Consultation Response Tech & Innovation
24 Aug 2021
Meeting Paper Presentation Tech & Innovation
9 Aug 2019
Surety Committee Surety Meeting Paper Presentation Tech & Innovation
31 Oct 2018
Credit Insurance Committee Single Risk Committee Trade Credit Insurance Meeting Paper Presentation Tech & Innovation
26 Oct 2018
See all publications on technology & innovation
Any questions on the topic?

If you want to know more about this topic, feel free to contact us.

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Daniel de Búrca
Daniel de BúrcaHead of Public Affairs
daniel.deburca@icisa.org
+31 (0)6 57 396 020