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Lockton Australia Launches New Digital Insurance Platform
Lockton has announced the launch of Lockton Pulse, a cutting-edge digital insurance platform designed to cater to the needs of small and medium-sized enterprises (SMEs) and individuals in Australia.
AI-Powered Climate Risk Platform Launched by Adaptive Insurance
Adaptive Insurance has unveiled a groundbreaking parametric insurance platform powered by artificial intelligence (AI), aimed at transforming how businesses manage climate-related risks.
AXA Climate Launches Altitude Platform to Aid Climate Adaptation
AXA Climate has launched Altitude, a groundbreaking platform designed to assist businesses in measuring climate risks, implementing adaptation strategies, and fulfilling Corporate Sustainability Reporting Directive (CSRD) requirements.
Duck Creek Technologies Launches Payments Facilitator for End-to-End Insurance Payment Solutions
Duck Creek Technologies, a leader in intelligent solutions for property and casualty (P&C) insurance, has launched its new Duck Creek Payments Facilitator, a comprehensive payment solution tailored specifically for the insurance industry.
Manulife Adopts Generative AI to Enhance Customer Service and Agent Experience in Asia
Manulife has announced the adoption of Generative Artificial Intelligence (GenAI) to improve business processes and elevate customer service across Asia, with Singapore as the first market for the rollout
NatCat Risk Solution Fathom Launches New Tool for Quantifying Flood Risk
Fathom, a leading provider of catastrophe risk modeling solutions, has launched Global Flood Cat, a comprehensive flood catastrophe model that empowers risk managers to accurately assess financial losses from flood events.
Earnix Unveils AI-Driven Platform
Earnix, a global leader in intelligent decisioning SaaS solutions for the financial services sector, has launched Earnix Lending Plus, a comprehensive AI-powered platform that merges advanced pricing analytics with automated credit risk decisioning.
Israeli Healthtech Nym Raises US$47 Million Medical Coding
Nym, a leading Israeli healthtech startup, has secured $47 million in a growth investment round led by PSG.
Insurity Launches AI-Powered Document Intelligence Solution
Insurity, a leading provider of insurance software, has introduced a new AI-powered document intelligence solution designed to streamline data extraction processes for insurers and MGAs.
Cowbell Appoints Finance and Legal Leaders to Support Scaling Efforts
Cyber insurance provider Cowbell has strengthened its leadership team as it prepares for significant growth.
Rey Raises US$3.5 Million for AI-Powered Health Insurance Expansion
Jakarta-based Health insurtech startup Rey has secured an additional $3.5 million in funding to expand its AI-powered health insurance platform.
EXL Launches Specialised LLM for Insurance in Partnership with NVIDIA
EXL has launched a new AI model designed specifically for the insurance industry.
10 Top Insurtech Funding Rounds Taking Insurance to the next level
Insurtech is revolutionising the insurance industry, bringing innovative solutions to traditional practices. As the sector continues to evolve rapidly, funding plays a crucial role in driving growth and innovation.
STARTUP STORY: From Sigma Six to SaaS Solutions, Peak3 CEO Bill Song on Revolutionising Insurtech
Former chemical engineer turned insurtech pioneer, Bill Song, shares the journey that led him to launch Peak3, a leading provider of digital solutions for the global insurance industry.
AXA UK Launches Enhanced Digital Claims Service
AXA UK has launched a new digital service designed to streamline the insurance claims process for customers.
West Bend Insurance Expands Partnership with ZestyAI
West Bend Insurance Company has announced an expansion of its partnership with ZestyAI, a leading provider of climate and property risk analytics powered by artificial intelligence (AI).
Envelop Risk Launches ‘Envelop Risk Solutions’ to Serve Businesses
Envelop Risk, a leading UK-based global specialty cyber reinsurance MGA with offices in Bristol, London, Bermuda and San Francisco, has announced the launch of a new services business, Envelop Risk Solutions.
Howden Launches Resilience Laboratory to Combat Climate Risks
Global insurance broker Howden has launched a new platform designed to assist clients in evaluating and addressing climate-related challenges.
Majesco Launches AI Ecosystem to Boost Insurance Solutions
Majesco, a leading provider of cloud-based insurance software, has announced the launch of its new AI ecosystem powered by Majesco Copilot.
Allianz Partners Launches New AI-Enhanced Claims Portal
Allianz Partners USA has introduced a redesigned Universal Claims Portal, aimed at simplifying the travel insurance claims process for customers.
UK Insurance Fraud Surges as AI Tools Aid in Falsifying Claims
The use of AI to manipulate insurance claims is on the rise in the UK, with nearly one in four claims suspected of involving falsified data, according to new research by claims automation company Sprout.ai.
Seguros Lagun Aro Partners with Akur8 to Revolutionise Insurance Pricing Process
Seguros Lagun Aro, a prominent player in the Spanish insurance market, has announced a strategic partnership with Akur8, a cutting-edge insurance pricing and reserving platform powered by Transparent AI. The collaboration aims to streamline Seguros Lagun Aro’s pricing processes for its Property and Casualty (P&C) offerings, enhancing both efficiency and pricing accuracy.
Roots Automation Raises $22.2 Million to Harness Unstructured Data in Insurance with AI
Roots Automation, an AI-driven solutions provider for the insurance industry, has secured $22.2 million in a Series B funding round led by Harbert Growth Partners, with participation from MissionOG, Liberty Mutual Strategic Ventures, and Vestigo Ventures.
Insurity Named to IDC FinTech Rankings Top 50 for 2024
Insurity, a leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has been named to the 2024 IDC FinTech Rankings Top 50.
Swiss Re Expands GenAI Partnership with mea Platform for Global Operations
Swiss Re has selected mea platform’s Generative AI (GenAI) solution for its global reinsurance and insurance operations, marking a significant expansion in the companies’ partnership.
Daniel Schreiber Confirmed as Headline Speaker at Insurtech Insights Europe, 2025
Lemonade CEO and Co-Founder, Daniel Schreiber will headline as a main stage speaker at Insurtech Insights Europe 2025.
Assuria N.V. Boosts Digital Transformation with Equisoft’s Policy Administration System
Assuria N.V., the largest insurance provider in Suriname, is advancing its digital transformation by adopting Equisoft’s cloud-based policy administration system and advisor tools.
AI Takes the Wheel: Are Human Insurance Jobs in the Fast Lane to Automation?
The recent news that leading BNPL fintech, Klarna, has shed 700 staff (half its workforce) following the adoption of AI tools – and is more streamlined and profitable than ever before – should come as a wake-up call to many in the financial services space.
Akur8 Acquires Arius to Enhance Reserving Solutions for Insurance Industry
Akur8, a provider of machine learning-based insurance pricing solutions, has announced the acquisition of Arius®, a property and casualty (P&C) reserving software.
Starkweather & Shepley Launches AI-Automation Platform
Starkweather & Shepley Insurance Brokerage, Rhode IIsland’s largest insurer, has launched an AI-powered platform designed to streamline the insurance procurement process and optimise underwriter risk assessment.
BenefitPoint’s New AI Automation Revolutionises Broker Workflows
Vertafore, the leader in modern insurance technology, announced its latest innovation to empower benefits brokers: automated importing for SBC data into BenefitPoint.
Cambridge Mobile Telematics Expands European Presence with New Leadership in France
Cambridge Mobile Telematics (CMT), the world’s leading telematics service provider, has further strengthened its European operations by appointing Rima Khetab as the Director of Sales for France and Benelux.
STARTUP STORY: Canopy Connect CEO and Founder Tolga Tezel
The idea for Canopy Connect sprang from a chance conversation at a dinner – and was prototyped over a weekend. Insurtech Insights talks to Tolga Tezel about his extraordinary startup journey.
GoHealth to Acquire e-TeleQuote Insurance
GoHealth, a prominent health insurance marketplace, has announced a significant step forward with its acquisition of e-TeleQuote Insurance, a well-regarded player in the Medicare insurance market.
Flowcode Announces Partnership with Insurtech REIN
Flowcode, a marketing technology platform, has entered into a partnership with REIN, an embedded insurance technology company, to simplify the process of purchasing insurance. The collaboration aims to enhance the ease with which customers can obtain quotes and secure coverage.
Insurity Survey Reveals Shift in Consumer Priorities for Insurance Providers Amid Severe Weather Concerns
A recent survey by Insurity, a leading provider of cloud-based software and analytics for the insurance industry, has revealed a notable shift in consumer priorities when choosing insurance providers, especially in the face of increasing severe weather events.
RiverStone Chooses Aimii For AI Integration
Aimii, an AI-specialist, has announced it is partnering with RiverStone International, a leading global acquirer and reinsurer of legacy and discontinued insurance business.
Startup Story: Chengchen Li on Navigating the Parental Benefits Maze Through Technology
Penguin Benefits was founded by Chengchen Li in 2020, following her own journey through the complex maze that is the parental benefits space.
Aon Launches Directors and Officers Risk Analyzer to Enhance Executive Risk Management
Aon has launched its Directors and Officers (D&O) Risk Analyzer, a cutting-edge digital tool designed to help risk managers of US-listed public companies make data-driven, technology-enabled decisions to mitigate executive risks.
Prudential and Google Cloud Partner to Transform Insurance with AI
Prudential plc (Prudential) has announced a significant expansion of its strategic partnership with Google Cloud to develop innovative AI-powered products and applications aimed at enhancing experiences for customers, agents, and employees.
Tesla Updates Insurance with State-Specific Discounts Amid Premium Surge, Cybertruck Recall, and Zurich Partnership
Tesla is now providing state-specific discounts for policyholders in the 12 states where Tesla Insurance is available. The discounts are designed to reduce insurance costs by leveraging safety features, multi-car policies, and defensive driving courses.
RegSearch Rebrands AI Product
RegSearch, the compliance and risk management insurtech, has rebranded its AI product to better reflect the company’s values and mission.
Insurity Unveils New Spreadsheet API to Transform Insurance Product Development
Insurity, a leading provider of cloud-based software and analytics for insurance carriers, brokers, and managing general agents (MGAs), has introduced its latest innovation, the Insurity Spreadsheet API.
INSTANDA Appoints Professor Andy Pardoe as Interim Chief AI Officer
INSTANDA, a leading global no-code insurance platform provider, has announced the appointment of Professor Andy Pardoe as its Interim Chief AI Officer. This marks the first time the company has created this role, underscoring its commitment to integrating advanced artificial intelligence into its operations.
Ransomware Attacks Escalate in 2024, Resilience Reports
Cybercriminals have refined their strategies to capitalise on vulnerabilities arising from business mergers, acquisitions, and the consolidation of software vendors, according to the Midyear 2024 Cyber Risk Report by Resilience, a leading cyber risk solutions company.
Aventum to Develop In-House AI-Underwriting Assistant
Aventum, an international (re)insurance group, has announced it is investing in the development of an innovative AI Underwriting Assistant, following the conclusion of its inaugural Bear Cave Innovation Challenge.
Hiscox Rolls Out AI-Underwriting Product
Hiscox has announced today that it is rolling out its AI-Enhanced Lead underwriting model to all London market brokers following a successful proof of concept.
Gradient AI Raises US$56 Million in Series C Funding to Drive Innovation in Insurance Sector
Gradient AI, a leading provider of artificial intelligence (AI) solutions for the insurance industry, has raised $56.1 million in its latest Series C funding round.
Cyber Insurance Market Poised for Innovation and Growth Following CrowdStrike Outage
The global IT outage on July 19, 2024, has triggered a significant shift in the cyber insurance sector, prompting carriers and brokers to reevaluate and accelerate their approach to innovation.
Cytora and Xapien Partner to Deliver Automated Due Diligence for Commercial Insurers
The partnership will provide insurers with AI-powered research and due diligence to enable more accurate underwriting and fraud detection
Scamnetic Raises Funds for AI Scam Detection Solutions
Scamnetic, a startup leveraging advanced AI to protect users against a wide range of digital scams, has successfully closed a $1.35 million pre-seed funding round.
Reinsurance Requires a Gradual Adoption of AI, say SCOR Leaders
AI can complicate rather than simplify and reinsurers should take a circumspect approach to replacing legacy processes, according to Nicholas Berg and J.C. Brueckner of SCOR
Carrot Secures Exclusive Rights for Behavioural-Based Insurance in South Korea
Carrot General Insurance, a leading South Korean insurtech firm, has secured exclusive rights from the General Insurance Association of Korea (GIAK) to implement its Behavioral-Based Insurance (BBI) system for six months.
Major Microsoft Outage Demonstrates Escalating Cyber Risks to Global Commerce
The significant outage linked to IT giant Microsoft has caused widespread disruption, affecting banks, airlines, train companies, and media organisations – with dramatic implications for the global insurance industry as businesses worldwide report significant disruptions.
MEET THE FOUNDER: From Battlefield to Breakthroughs, Forbes McKenzie Pioneers at MIS
In our latest series, MEET THE FOUNDER, we speak to former British Army Officer (Intelligence Corp) turned insurtech entrepreneur, Forbes McKenzie, who is a trailblazer in space and intelligence technology for the financial services and insurance industry.
Five Sigma Launches AI-Powered Claims Adjuster Clive™
Five Sigma, a leading AI claims management software company, has announced the launch of “Clive™”, the insurance industry’s first AI-powered Insurance Adjustment Agent.
Zyber Launches New Cyber Insurance Quoting Platform for Startups and Midsize Enterprises
Zyber has announced the launch of its new cyber insurance quoting platform tailored for startups and midsize enterprises. The platform allows users to obtain insurance quotes within minutes through a streamlined digital process.
Charlee.AI Announces Partnership with Duck Creek
Charlee.ai, a provider of AI-based predictive analytic solutions, has announced a partnership with SaaS insurtech Duck Creek Technology to enhance the claims management process through advanced predictive analytics.
Aspen Data Labs Launches to Enhance Digital Capabilities
Aspen Insurance, a prominent provider of insurance and reinsurance solutions, has introduced Aspen Data Labs, a platform designed to enhance digital capabilities and strengthen its focus on data and Analytics.
Limit Launches Insurance Gen AI
Limit, the insurtech, has launched LimitAI, which it claims is the first generative AI created exclusively for the Property & Casualty (P&C) sector. LimitAI is designed to analyse extensive insurance documents, quotes, and policies, providing rapid answers to various insurance-related queries.
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