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In the insurance sector, streamlined integration of systems is critical for optimising workflows, advancing risk management, and fostering seamless collaboration across departments. Despite the wide availability of various systems, insurers often face significant challenges in ensuring these technologies work together effectively. Risk Control Technologies explains why an integration accelerator can play a key role by making it easier and faster to connect essential functions like Loss Control, Underwriting, and IT, bringing measurable benefits to each.
Company News

How integration accelerators are transforming insurance workflows

Pacific Life Re, a global reinsurance provider, has partnered with Kakao Pay to deliver digital life insurance solutions to consumers in South Korea.
Company News

Pacific Life Re and Kakao Pay partner to transform South Korea’s...

Hub International Limited (Hub) has acquired Western Growers Insurance Services (WGIS) to strengthen its service offerings in the agribusiness sector.
Company News

Hub International acquires Western Growers Insurance Services to expand agribusiness insurance...

Next Insurance, a US-based InsurTech firm, has partnered with insurance giants Allstate and Allianz which includes a $265m strategic investment from both Allstate and Allianz X, the venture arm of Allianz.
Commercial/Enterprise Insurance

Next Insurance secures $265m in funding to enhance small business insurance...

Insurers face increasing pressure for transparent pricing, with calls for clarity and justification of premiums coming from management, agents, and customers alike. Transparency offers assurance and supports regulatory compliance. However, many insurers are now shifting towards data-driven pricing models that emphasise performance, customisation, and profitability over traditional transparency. Dynamic insurance pricing software provider Quantee explores the key reasons behind this evolving approach.
Company News

Why insurers are turning their back on transparent pricing

Swiss Re, a global reinsurance leader based in Switzerland, has announced the sale of its iptiQ European P&C business to Allianz Direct, the pan-European digital insurer of Allianz Group.
Company News

Swiss Re sells iptiQ’s European P&C arm to Allianz Direct as...

SchemeServe, a UK-based cloud provider of insurance software, has announced a new data partnership with Addresscloud to improve insurers’ capacity to deliver more accurate, data-backed premiums for individual properties.
Company News

Addresscloud and SchemeServe team up to advance data-driven decision-making for insurers

Stere, Inc., a leading InsurTech platform, and EPIC Insurance Brokers & Consultants (EPIC) have partnered to transform the insurance experience for small businesses by offering a streamlined, digital insurance solution.
Company News

Stere and EPIC Insurance Brokers partner to deliver embedded digital insurance...

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has announced the appointment of Nathan Adams as its new chief people officer.
Company News

Lloyd’s appoints Nathan Adams as Chief People Officer

The 2024 Earnix Industry Trends Report has revealed that the insurance sector faces pressing challenges with AI adoption, legacy system modernisation, and compliance pressures.
Company News

2024 insurance trends: Earnix report reveals insurers lagging in AI and...

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