Company News

As artificial intelligence becomes embedded across insurance workflows, the industry is increasingly recognising that automation alone is not enough. According to IntellectAI, the most effective approach combines AI capabilities with expert human oversight through a human-in-the-loop (HITL) model. The concept is simple: “AI first. Humans when it matters.”

Why human-in-the-loop AI is reshaping insurance workflows

As artificial intelligence becomes embedded across insurance workflows, the industry is increasingly recognising that automation alone is not enough. According to IntellectAI, the most...
Kalepa, an InsurTech firm, and James River Insurance Company, a specialty insurer operating in the excess and surplus lines market, have entered into a technology partnership focused on advancing underwriting efficiency and decision-making.

Kalepa and James River team up to enhance AI-driven underwriting

Kalepa, an InsurTech firm, and James River Insurance Company, a specialty insurer operating in the excess and surplus lines market, have entered into a...
Tuio, a Spain-based digital insurer, and WaniWani, an AI distribution infrastructure provider, have achieved a major industry first after OpenAI approved the launch of an insurance provider–built AI application on ChatGPT.

OpenAI approves Tuio and WaniWani AI app for in-chat insurance sales

Tuio, a Spain-based digital insurer, and WaniWani, an AI distribution infrastructure provider, have achieved a major industry first after OpenAI approved the launch of...
Insurify, an online insurance agent and comparison platform, has launched what it claims is the insurance industry’s first ChatGPT app, enabling users to research and compare car insurance directly within OpenAI’s app library.

Insurify unveils industry-first ChatGPT comparison app

Insurify, an online insurance agent and comparison platform, has launched what it claims is the insurance industry’s first ChatGPT app, enabling users to research...
Klear.ai, an AI-focused insurance firm, has announced the appointment of Logan Thompson as its new chief financial officer, as the company looks to strengthen its financial leadership amid ongoing platform expansion and customer growth.

Klear.ai appoints new CFO to drive next phase of growth

Klear.ai, an AI-focused insurance firm, has announced the appointment of Logan Thompson as its new chief financial officer, as the company looks to strengthen...
SCOR, a global reinsurer, has expanded its partnership with Baobab Insurance, a German digital risks managing general agent (MGA) specialising in cyber insurance, by extending underwriting capacity to significantly larger companies in Germany and Austria.

SCOR expands Baobab Insurance cyber underwriting to €1bn firms

SCOR, a global reinsurer, has expanded its partnership with Baobab Insurance, a German digital risks managing general agent (MGA) specialising in cyber insurance, by...
Howden Group, a global insurance and reinsurance intermediary, has raised approximately $703m in gross proceeds through a debt issuance designed to strengthen its funding capacity and support future growth initiatives.

Howden Group strengthens balance sheet with $703m debt raise

Howden Group, a global insurance and reinsurance intermediary, has raised approximately $703m in gross proceeds through a debt issuance designed to strengthen its funding...
Insurers are losing millions because outdated systems make rate updates slow and costly. By decoupling pricing logic from legacy policy administration systems, companies can deploy new rates in hours, rollback changes instantly, and reduce premium leakage, according to Akur8.

Modernising rate control to reduce premium leakage

Insurers are losing millions because outdated systems make rate updates slow and costly. By decoupling pricing logic from legacy policy administration systems, companies can...
Agenzee, a compliance-focused technology company, has unveiled Agenzee Assist, a fully managed service that handles licensing, regulatory monitoring, and compliance tasks for insurance producers.

Agenzee launches tool to automate insurance compliance

Agenzee, a compliance-focused technology company, has unveiled Agenzee Assist, a fully managed service that handles licensing, regulatory monitoring, and compliance tasks for insurance producers. The...
WealthReach, an AI-powered prospecting platform, has announced the launch of InsuranceReach, a new lead generation solution aimed at insurance professionals seeking more efficient ways to identify and engage prospects.

WealthReach launches platform to transform insurance prospecting

WealthReach, an AI-powered prospecting platform, has announced the launch of InsuranceReach, a new lead generation solution aimed at insurance professionals seeking more efficient ways...

News Stories

TPG-backed Third Wave broadens regional brokerage reach

TPG-backed Third Wave broadens regional brokerage reach

Third Wave Insurance, the retail insurance brokerage platform backed by global alternative asset manager TPG, has agreed to acquire five insurance and advisory firms...
Why Cover Genius snapped up Berlin's Friendsurance

Why Cover Genius snapped up Berlin’s Friendsurance

Cover Genius, the embedded protection infrastructure firm, has bought Berlin-based InsurTech Friendsurance, deepening its footprint in European bancassurance and reinforcing its reach across Germany,...
Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre, the insurance group, has agreed to take a holding in Tuio, a specialist digital insurance distributor built on advanced technology and a mature...
Verisk deepens event response with MIS acquisition

Verisk deepens event response with MIS acquisition

Verisk, a strategic data analytics and technology partner serving the global insurance sector, has completed the purchase of McKenzie Intelligence Services (MIS), a firm...
Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo, a Budapest-based InsurTech using AI and advanced data analytics to transform motor insurance, has secured $22.5m in Series B funding at a $1.6bn valuation,...
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