Company News

Expert.ai, a leading provider of artificial intelligence (AI) enterprise solutions, has introduced its latest innovation, the EidenAI Suite to enhance claims management, improve policy personalisation, and strengthen fraud prevention.

Risk digitisation has emerged as the top strategic technology priority for commercial insurers in North America and the UK, according to a new survey conducted by digital risk processing platform Cytora.

Agentero, a digital insurance network dedicated to modernising insurance distribution, has launched a new compliance management solution to simplify producer management for carriers, Managing General Agents (MGAs), and agencies.

Peak3, a global leader in InsurTech, is redefining the insurance landscape through the launch of its accumulator insurance propositions for personalised coverage.

Simply Business, a leading digital insurance marketplace catering to small businesses, has announced a new partnership with London Underwriters, a national wholesale insurance brokerage specialising in InsurTech distribution.

Admiral has entered into a strategic partnership with FinTech West, a representative body supporting financial technology growth in the South West of England to enhance relationships and engagement within the region’s InsurTech ecosystem.

Clearspeed has partnered with 1st Central to integrate its voice-based risk assessment technology into the insurer’s claims process, accelerating legitimate settlements and enhancing fraud detection.

Munich Re, a global reinsurance leader, has signed a definitive agreement to acquire NEXT Insurance, a digital-first small business insurer, in a deal worth $2.6bn.

In the fast-evolving world of insurance, loss reserving and policy pricing have long been treated as separate entities within operational frameworks. These two critical functions, when isolated, often lead to inefficiencies, inconsistent assumptions, and sluggish reactions to market shifts. Such disconnects can erode an insurer’s profitability and weaken its competitive edge, according to Akur8. 

The insurance sector is undergoing a significant transformation, driven by cutting-edge automation technologies and evolving customer expectations. Over recent years, innovations such as artificial intelligence (AI) and intelligent process automation have drastically improved insurers' ability to process claims, streamline operations, and enhance customer interactions.