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Cargo theft is soaring, with no sign of decline in sight. In 2023 alone, the U.S. faced losses of $130m due to cargo theft, and experts suspect the actual figure to be even higher. Fraudsters are becoming increasingly innovative in their methods, now exploiting the freight bidding process on load boards to secure loads, among other scams.
Commercial/Enterprise Insurance

Combatting cargo theft: The power of CDL Scanners in protecting freight

For medium-to-large businesses, developing new applications can come with a swathe of new challenges. One key issue revolves around creating workflows for dozens of business applications - and the difficulties that can involve for firms without serious coding expertise. When a leading US insurance business faced this issue, Symfa stepped in to build a micro low-code platform to help insurance business users change business logic fast and easily.
Company News

How Symfa’s Rules Engine project strengthened a US insurance giant

Allica Bank, a UK-based bank specialising in supporting established SMEs, has entered into a partnership with Westcor Internationa to launch their Perfect Title insurance product across its commercial mortgage range starting from 1st July 2024.
Commercial/Enterprise Insurance

Allica Bank partners with Westcor International to launch title indemnity insurance...

Lloyd’s, a global leader in the insurance market, has announced the launch of its new Canadian Core Fixed Income Solution on the Lloyd’s Investment Platform.
Company News

Lloyd’s launches new Canadian fixed income fund with Fiera Capital

Bondaval, a leading London-based InsurTech, has announced the release of its first trade credit insurance product.
Company News

London-based InsurTech Bondaval unveils new trade credit insurance solution

Slide Insurance, an InsurTech company specialising in homeowners insurance, has secured a $175m senior credit facility.
Company News

Slide Insurance raises $175m to boost hurricane preparedness and growth

Imagine an insurance industry where decisions are made with the speed and precision of a machine, yet imbued with the empathy and discernment of a human. This is not a futuristic dream but a present-day reality being shaped by the integration of AI in insurance underwriting. As AI takes on more significant roles, automating data-intensive tasks and improving risk assessment accuracy, the indispensable value of human expertise becomes even clearer. AI automation specialists Simplifai lifts the lid on the synergy between AI and human expertise in insurance.
Company News

How to balance AI and human expertise in insurance underwriting

Insurity has announced a new partnership with Coherent to advance the capabilities of property and casualty (P&C) insurance organisations, enabling them to modernise their systems and streamline operations.
Company News

Insurity and Coherent join forces to modernise P&C insurance operations

APOLLO Insurance has entered into a strategic partnership with Rhapsody Property Management Services to streamline access to digital tenant insurance solutions across Canada.
Company News

Apollo Insurance partners with Rhapsody Property Management to simplify tenant insurance...

European boutique managing general agent (MGA), Alta Signa Europe B.V. has announced the opening of its new office in Switzerland, marking a significant milestone in the company’s expansion strategy in the DACH region.
Company News

Alta Signa launches new office in Switzerland to expand DACH region...

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