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Beazley Launches Beazley Security to Strengthen Cybersecurity Offerings
Beazley has launched its latest initiative to fortify its cybersecurity services by merging its in-house Cyber Services team with Lodestone, its wholly owned cybersecurity firm.
Resilience Acquires BreachQuest to Bolster Client Incident Preparedness Against Email Compromise
Resilience expanded its capabilities through the acquisition of BreachQuest, an innovative incident response technology solution.
Armilla AI Raises US$4.5 Million Seed Funding Round to Mitigate AI Risks for Enterprises
Armilla AI has successfully concluded a US$4.5 million seed funding round. The funding initiative, led by Mistral Venture Partners, garnered significant support from key players such as MS&AD Ventures, SixThirty Ventures, Morgan Creek Digital, and Y Combinator.
Capitola Partners with Ategrity Speciality Insurance to Boost Customised solutions
In a move set to invigorate retail agents across the sector, a strategic partnership has been forged between Capitola and Ategrity Specialty Insurance Company.
Nationwide Boosts Life Underwriting Process with DigitalOwl’s AI Technology
Nationwide has forged a partnership with DigitalOwl to leverage its cutting-edge platform, which transforms the analysis of medical data for a streamlined and accurate underwriting process.
Lemonade’s AI Partner, Rasa, Raises US$30 Million in Series C Funding
Rasa, a leading conversational AI platform, has successfully raised $30 million in a Series C funding round. The investment round was co-led by StepStone Group and PayPal Ventures, with notable participation from Andreessen Horowitz, Accel, and Basis Set Ventures.
Revolutionising Insurance Through Technological Innovation
Hugo Farinha, Co-Founder and CTO of Virtuoso explores the digital transformation journey, and ways companies can leverage technology to boost performance in the marketplace.
Verisk Introduces Generative AI Tool to Expedite Insurance Claim Processing
Verisk has launched its automated generative artificial intelligence (generative AI) record summary feature within Discovery Navigator.
Shepherd Raises US$13.5 Million in Series A, Launches Shepherd Compliance AI-Powered Software
Shepherd, a leading insurance technology platform catering to the commercial construction sector, announced today the successful closure of a $13.5 million Series A funding round.
Indemn Raises US$1.9 Million in Funding to Propel AI-Powered Insurance Platform
AI-powered insurtech Indemn has closed a US$1.9 million pre-seed funding round – a milestone that highlights that Indemn’s commitment to revolutionising how people engage with and purchase insurance coverage through the integration of AI.
Planck Acknowledged by Gartner for Innovation in Insurtech Gen AI
Planck, a leading player in the insurtech sector, has been recognised by Gartner as a standout innovator in the insurtech space for its use of Gen AI.
LEADERSHIP SPOTLIGHT: CEO, Daniel Schreiber on Life and Lemonade
From a career in Law to running the most talked-about insurtech in the industry today, Joanna England gets the CEO scoop from Lemonade’s Co-Founder, Daniel Schreiber.
Resilience Expands Cyber Risk Management Solution to Global Clients of US$10 Billion in Revenue
Resilience has expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues.
Capgemini Drives Efficiency Overhaul for Auto Club Group via Google Cloud
Capgemini has announced a significant milestone in its partnership with the Auto Club Group (ACG), unveiling the successful migration of ACG’s core insurance processing applications to Google Cloud.
Insurity Launches AI-Powered Analytics, Transforming Decision-Making for P&C Carriers
Insurity has unveiled its latest analytics solutions empowered by AI-driven insights, promising to reshape the landscape of decision-making for P&C insurance carriers.
Novidea Global Report: 75% of Insurance Organisations will Replace Core Managment Platforms by 2025
Insurance industry finally ready for digital transformation with 75% of insurance organisations ready to swap core management platforms by 2025 – Novidea global report reveals
AgentSync Launches Cutting-Edge On-Boarding API
AgentSync has launched the ProducerSync API, the inaugural offering in its commercial API suite, aimed at streamlining insurance producer onboarding and compliance procedures.
How Brokers Can Step Up to Combat Cyber Risk
Simon Hughes, VP and General Manager at Cowbell discusses mitigating risk at the broker level through a four-stage framework
LEADERSHIP SPOTLIGHT: Sabine VanderLinden Talks Technology, Startups and Trends for 2024
Affectionately known as ‘The InsurTech Queen’, Sabine VanderLinden is a pioneer in the startup space. Insurtech Insights unravels her story.
MEMIC Partners with CLARA Analytics to Read Medical Records with AI
Maine Employers’ Mutual Insurance Company (MEMIC), workers’ compensation insurance specialists, has partnered with CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation.
Allianz Risk Barometer Reveals 2024’s Leading Global Business Risks
In its 13th annual release, the Allianz Risk Barometer has cast a spotlight on the paramount business risks for the year 2024.
ZEEKR Partners with Insurtech Qover to Boost Embedded Insurance Services
ZEEKR, the prestigious international electric mobility brand under the umbrella of Chinese automotive giant Geely, has joined forces with the innovative embedded insurance startup, Qover.
Zurich Innovation Championship Announces Fifth Edition of Global Startup Programme in 2024
Zurich Insurance Group has announced the launch of the fifth edition of the Zurich Innovation Championship, a global startup program that has gained industry acclaim since its initiation in 2018.
Duck Creek Technologies Partners with CAMCOM to Boost Claims Management Capabilities with AI
Duck Creek Technologies has announced it’s latest collaboration with CAMCOM, an AI-powered platform specialising in visual inspections across various industries.
SentinelOne Boosts Cybersecurity Arsenal with Acquisition of PingSafe
SentinelOne, a leading AI-powered security company partnered with industry leaders including Chubb and Travelers, has announced its decision to acquire PingSafe.
SEVEN Major Trends Transforming the Insurance Industry in 2024
From cyber insurance and generative AI, to embedded offerings and climate risk technologies, the insurance space over the next 12 months will see huge changes.
Redactable Secures $5.5 Million in Seed Funding for Groundbreaking AI Redaction Platform
Redactable, a cutting-edge AI-driven web application specialising in the redaction of sensitive documents, has successfully raised $5.5 million in seed funding.
EU’s AI Act Enters Political Agreement, Paving the Way for Comprehensive AI Regulation
Last week, the European Parliament and Council reached a landmark political agreement on the European Union’s Artificial Intelligence Act (“EU AI Act”), concluding months of intense trilogue negotiations.
What does AI Safety really mean? Looking Ahead from the UK’s AI Safety Summit
Prasad Prabhakaran, Generative AI Practice Lead at esynergy, examines the pros and cons of regulating AI and the UK’s AI Summit, in the wake of the EU AI Act.
From Cadavers to Cybercrime: Coalition Incident Response Expert Shelley Ma on Dissecting Digital Deception
Originally intent on a career in medicine and forensic science, Shelley Ma credits her ADHD for a career switch that saw her swap the mortuary for the cyber insurance space.
Cytora Partners with Relativity6 to Expedite Commercial Quotes with Intelligent Industry Classification Data
Cytora and Relativity6, a provider of industry classification modelling, have announced a partnership which will enable Relativity6’s models to be used to enhance the underwriting process within Cytora.
LEADERSHIP SPOTLIGHT: Darien Acosta, Chief AI Officer of Cover Whale, Talks Intelligent Telematics
AI is transforming the insurtech space – bringing with it many benefits – and reservations. We spoke to Darian Acosta, Chief AI Officer for the commercial trucking insurtech, Cover Whale, to find out how telematics technology is being used to transform fleet insurance and driver safety – and its impact on the job market.
Hiscox Partners with Google to Pioneer AI in London’s Insurance Market
Hiscox, a prominent UK insurer, has made waves in the insurance industry by collaborating with Google to develop an artificial intelligence (AI) model designed to revolutionise the core underwriting process for specialist risks.
NOW Insurance Launches Physicians and Medical Groups Coverage on AI Portal
NOW Insurance, a full-stack, AI-enabled commercial insurance platform specialising in medical professional liability coverage, recently launched coverage for physicians and physician groups in their online platform.
MAPFRE and Cyberwrite Partner to Boost Cyber Protection for SMEs with AI
MAPFRE and technology provider Cyberwrite, a leading global provider of cyber insurance technology, have joined forces to help the insurer’s clients reduce the risk of cyber-attacks with AI.
OpenAI Sparks Insurance Industry Discussion Amid Social Media Frenzy Over CEO’s Sudden Exit and Reinstatement
Insurance industry leaders discussed the remarkable comeback of OpenAI’s CEO, Sam Altman, following his equally unexpected fall from grace just days ago.
Marsh Launches LenAI: A Cutting-Edge Generative AI Tool for Global Impact
Marsh McLennan has introduced LenAI, a revolutionary generative AI tool crafted at the company’s Dublin Innovation Centre in collaboration with Oliver Wyman Digital
Howden Boosts Global Cyber Defense: Appoints Jean Bayon de La Tour as International Head of Cyber
Howden has named Jean Bayon de La Tour as the International Head of Cyber, effective immediately.
Eigen Technologies Unveils Eigen 6, Redefining Document Workflows with Enhanced Generative AI
Eigen Technologies (Eigen), a leading global provider of intelligent document processing (IDP), has introduced version 6 of its no-code artificial intelligence (AI) platform, marking a significant leap in the automation of document workflows.
CLARA Analytics Launches Comprehensive Casualty Claims Intelligence Platform, CLARAty.ai
CLARA Analytics has launched CLARAty.ai – a platform designed to transform the insurance claims process by enhancing the day-to-day operations of claims professionals through its holistic approach to claims intelligence.
Federato Partners with Google Cloud to Empower Underwriting Platform through AI
Federato has unveiled a groundbreaking partnership with Google Cloud to integrate cutting-edge capabilities into its RiskOps underwriting platform.
AXA Future Risks Report 2023 Highlights Growing Concerns Over AI and Cybersecurity
In its 10th edition of the annual AXA Future Risks Report, global insurer AXA reveals a significant shift in perceived future risks, with artificial intelligence (AI) and data-related concerns entering the top 10 for the first time.
Guidewire and EvolutionIQ Forge Strategic Partnership to Transform Claims Processes
Guidewire has announced a new collaboration with EvolutionIQ as a new Solution partner on Guidewire PartnerConnect.
AI-Driven DGTAL Launches Intelligent Document Processing Tool, GRABBER
Insurtech firm DGTAL has introduced GRABBER, a cutting-edge Intelligent Document Processing tool, as part of its Software-as-a-Service (SaaS) platform specialising in AI-driven audit solutions for insurance portfolios.
Arity Partners with Google Cloud to Provide Auto Insurance Customers with Driving Behaviour Data
Arity, a prominent mobility and data analytics company, has officially launched its Arity IQSM network and attributes dataset on Google Cloud’s data exchange platform, Analytics Hub – a platform that empowers auto insurers with enhanced pricing accuracy.
Xceedance Unveils Centre of Excellence for Generative AI
Xceedance, a leading global provider of strategic operations support, technology, and data services for insurance organisations, has officially launched its Centre of Excellence for Generative AI.
How Telematics is Revolutionising Risk Management for Fleet Managers
James Cowen, Chief Commercial Officer (CCO) at HUMN.ai, discusses how telematics is revolutionising risk management for fleet managers
Insurtech Vellum Raises US$7 Million to Transform Insurance Analytics
Vellum Insurance, a cutting-edge provider of data and analytics solutions for the insurance and reinsurance sector, has emerged from stealth mode with a successful US$7 million seed funding round.
Lloyd’s Introduces Data Tool Revealing US$5 Trillion Impact of Extreme Weather Events
Lloyd’s has launched a groundbreaking systemic risk scenario, unveiling the potential worldwide economic consequences of extreme weather events leading to food and water shocks.
Ukraine Unveils Marsh McLennan-Supported War Risk Data Platform for Comprehensive Analysis
Ukraine has officially launched a data platform, developed with the support of Marsh McLennan, providing a robust tool for insurers, investors, and governments to assess war risks within the country.
China’s Insurance Market Leaps 10 Indexed Places in a Decade, Says New Study from Swiss Re on Digital Adoption
A new report from Swiss Re has found that China has leapt an incredible 10 places, according to the insurance giant’s index on digital adoption – documented in a new report from the Swiss Re Institute.
Akur8 Announces Platinum Sponsorship of 2023 Casualty Actuarial Society (CAS) Annual Meeting
Akur8, the next generation insurance pricing solution powered by transparent machine learning, is excited to announce its Platinum sponsorship of the 2023 CAS Annual Meeting for the third year in a row.
AI-Driven Insurtech Reserv Raises $20 Million is Series A Led By Altai Ventures and Bain Capital Ventures
Reserv, a frontrunner in AI-powered insurance claims processing, has successfully concluded its Series A funding round, securing $20 million to enhance its generative AI tools for claims data analysis.
Blue Marble Partners with Nestlé to Launch Weather Insurance Platform in Indonesia
Parametric insurtech Blue Marble and global conglomerate Nestlé, have partnered to deliver weather insurance to coffee farmers in Indonesia.
CoverGo Secures Patent for its Drag-and-Drop Product Builder
CoverGo, a leader in the global Software as a Service (SaaS) no-code insurance core platform for health, property and casualty (P&C), and life, has secured a patent for its cutting-edge drag-and-drop product builder.
Skyrisks Ltd. Officially Launches, Secures Investment and Capacity from Convex Group
London-based Managing General Agent (MGA), Skyrisks Ltd., specialising in the advanced air mobility (AAM) sector, has marked its official launch, buoyed by a substantial investment and capacity support from Convex Group, a prominent specialty re/insurer.
Resistant AI Collaborates with Instabase to Strengthen Document Fraud Detection for Customers
Resistant AI, specialists in financial crime prevention harnessing the power of AI and machine learning, have announced a strategic partnership with Instabase, a leading unstructured data automation platform.
AXA Uses Advanced AI to Identify RAAC-Affected Customers
In a swift response to potential concerns related to reinforced autoclaved aerated concrete (RAAC), AXA Commercial has harnessed the power of an advanced AI tool, significantly expediting its ability to identify affected customers.
Peppercorn AI Partners with Aurum Solutions to Drive Scalability
Peppercorn, the conversational AI platform designed for the insurance sector, has partnered with Aurum Solutions, specialists in next-generation reconciliation software, to streamline their reconciliation processes.
Corvus Insurance Expands Cyber Underwriting Relationship with Travelers
Corvus Insurance, the leading cyber underwriter powered by a proprietary AI-driven cyber risk platform, today announced that it has expanded its relationship with Travelers, a leader in personal, business and specialty insurance.
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