2026-07-27 · Source: Insurance News Australia
Summary in 3 Points • Roneel Kumar co-founded New Zealand broking business Folio, acquired by Community Broker Network • Kumar previously held leadership roles at IBM, Datacom, and Qrious • Kaibridge recently appointed Raymond Chen as head of data and AI --- Kaibridge brings in CTO. Roneel Kumar has been appointed fractional chief technology officer at insurtech Kaibridge... For the London Insurance Market, particularly in the insurtech and technology-driven underwriting sectors, this appointment may influence how Lloyd's syndicates and other market participants integrate AI and technology into their operations. The expertise brought by Kumar, with his background in technology leadership, could impact the development of innovative solutions for risk assessment and underwriting processes. Risk managers and claims teams should monitor further developments and evaluate any potential impact on existing exposures and coverage terms. This type of industry activity often signals shifts that can influence pricing, capacity, and strategic decision-making across the insurance value chain.
For the London Insurance Market, particularly in the insurtech and technology-driven underwriting sectors, this appointment may influence how Lloyd's syndicates and other market participants integrate AI and technology into their operations. The expertise brought by Kumar, with his background in technology leadership, could impact the development of innovative solutions for risk assessment and underwriting processes.