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As 2024 draws to a close, experts in the insurance sector are forecasting the trends and obstacles likely to define the industry in 2025. While technologies like generative AI are making waves in claims processing and customer engagement, age-old challenges around efficiency, accuracy, and security remain prominent.
Company News

Navigating insurance challenges in 2025

Claims transformation represents a strategic move within the insurance industry to reimagine the claims process. It focuses on integrating digital technology, data analytics, and streamlined workflows to elevate customer experiences, reduce operational costs, and enhance claims outcomes. Global IT business products provider Comarch delves into the key benefits of claims digitalisation, and how it is streamlining the insurance process.
Company News

The benefits of claims digitalisation: Streamlining the insurance process

Porsche Auto Insurance has launched an unlimited insurance policy designed specifically for Porsche owners who exceed 10,000 miles of driving annually.
Auto Insurance

Porsche Auto Insurance launches unlimited policy for high-mileage drivers

Chubb, a global leader in insurance services, has announced the appointment of John Latter as head of claims for Chubb Overseas General (COG), effective immediately.
Company News

Chubb expands leadership team with John Latter to lead claims for...

The insurance industry is undergoing a rapid transformation driven by changing demographics, evolving customer expectations, and advancements in digital technology and analytics. Insurers are now tasked with elevating their operational and technological capabilities, innovating product solutions, and expanding their value propositions. With these growing pressures, IntellectAI looks ahead to what trends may dominate the sector in 2025 and beyond.
Company News

The future of insurance: Key priorities for 2025

The global InsurTech market grew to 25.97bn in 2024 and is expected to reach approximately USD 496.56bn by 2033. This represents a remarkable compound annual growth rate (CAGR) of 38.8% from 2024 to 2033. This rapid expansion is being driven by innovations in artificial intelligence (AI), machine learning (ML), cybersecurity, and a growing emphasis on Environmental, Social, and Governance (ESG) practices.
Company News

InsurTech in 2024: A year in review

Introducing new insurance products can be a challenging journey, requiring careful planning, a thorough understanding of market needs, and effective execution. A recent white paper published by Akur8, titled From Idea to Market: A Comprehensive Guide to Introducing New Insurance Products, offers valuable insights into how InsurTechs and insurers can streamline this process.
Company News

A comprehensive guide to introducing new insurance products

Glia, a leader in customer interaction technology, has announced the appointment of Michael Tessler to its board of directors.
Company News

Glia appoints Michael Tessler to board of directors

Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and managing general agents (MGAs), has named Sylvester Mathis as its new chief revenue officer.
Company News

Insurity appoints Sylvester Mathis as chief revenue officer to drive growth...

One Inc, a leader in digital payments solutions for the insurance industry, is set to digitise and streamline payment processes for GoAuto Insurance policyholders, as part of a new partnership between the firms.
Company News

GoAuto Insurance partners with One Inc to streamline claims and payments

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