Founders

Picture perfect: how InsurTech 100 company Tractable is changing insurance with photos

Tractable is able to automatically assert auto claims for insurers by leveraging deep machine learning on pictures. Tractable’s technology gives the old adage that a...

The best is yet to come for InsurTech 100 company Insuritas

Insuritas has been at the forefront of the InsurTech revolution for two decades. While its leadership sees some challenges on the horizon, they believe they are well positioned to transform them into opportunities for growth.

How the protection gap in the life insurance space was created?

The fragmented and non-scalable nature of the life insurance distribution sector has caused a massive protection gap, according to Anorak co-founder and CEO David Vanek.

InsurTech 100 company Planck explains how underwriting is getting updated to the 21st century

Insurance is changing and Planck is leading that change through its platform which automatically and accurately assesses risk factors in real time. Elad Tsur, Amir...

Should cyber insurance be mandatory?

Cyberattacks still plague the internet, leaving waves of personal and financial destruction in its path, but making cyber insurance mandatory would help with reparation, according to Richard Fry, head of information security and risk at Covea Insurance.

Insurance firms should use AI to improve existing models gradually rather than replace everything...

AI technology is best at work when it’s improving existing processes rather than trying to totally transform the entire business model, according to a panel at the Global InsurTech Summit 2019.

Adopting technology does not require the loss of humans in insurance

Bringing in technology does not mean cutting down the number of jobs, instead, it frees humans to do what they do best, innovate, according to a panel at the Global InsurTech Summit.

How the complexity of the insurance space is causing a funding gap in InsurTech

While investments into InsurTechs are increasing, funding is still not nearly as abundant as other areas of FinTech, according to MTech Capital co-founder and...

Why insurance is not ready for blockchain or AI

Insurance companies need to focus on digitalisation and utilising data’s full potential, before worrying about AI and blockchain technology, according to Insly founder and CEO Risto Rossar.

Outdated enterprise software is raising insurance premiums for consumers

Insurance companies need to improve their enterprise software or premiums will rise for consumers, according to Luther Systems co-founder & CEO Hossein Kakavand in a research interview with FinTech Global.

News Stories

InsurTech startup Pibit AI, which builds AI-powered underwriting technology for insurers, has secured $7m in fresh funding as it looks to accelerate development of its platform and expand its team.

Pibit AI raises $7m to boost insurance platform

InsurTech startup Pibit AI, which builds AI-powered underwriting technology for insurers, has secured $7m in fresh funding as it looks to accelerate development of...
HawkSoft, a long-standing provider of agency management systems for insurance professionals, has formed a strategic partnership with Liberate, an AI automation firm dedicated to building voice-driven tools specifically for the insurance sector.

HawkSoft and Liberate bring Voice AI to insurance agencies

HawkSoft, a long-standing provider of agency management systems for insurance professionals, has formed a strategic partnership with Liberate, an AI automation firm dedicated to...
Staysure, a leading travel insurance provider, has officially launched its suite of tailored travel insurance products in the Republic of Ireland, marking the company’s first major expansion beyond the UK.

Staysure brings trusted travel insurance to Irish market

Staysure, a leading travel insurance provider, has officially launched its suite of tailored travel insurance products in the Republic of Ireland, marking the company’s...
openIDL, an initiative of the Linux Foundation, dedicated to modernising and standardising insurance data across the global market, has launched the industry’s first free and open production-ready insurance data standard.

openIDL unveils first open insurance data standard

openIDL, an initiative of the Linux Foundation, dedicated to modernising and standardising insurance data across the global market, has launched the industry’s first free...
The insurance underwriting process has long been defined by complexity, delays, and manual tasks that slow decision-making. Traditional methods have relied heavily on fragmented systems, duplicated data entry, and email-based communication, leaving underwriters with limited time to properly assess risks. As carriers push for greater speed and accuracy, the industry is steadily turning to digital tools that reimagine how underwriting actually works, according to IntellectAI.

Inside the rise of digital underwriting workbenches

The insurance underwriting process has long been defined by complexity, delays, and manual tasks that slow decision-making. Traditional methods have relied heavily on fragmented...

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