Company News

Insurers are dreaming of AI, but many are still anchored to outdated systems. A 2024 Novidea survey found that 41% of insurance professionals admit their core systems haven’t been updated in over five years. Even more striking, 76% of large firms rely on six or more systems, and nearly a fifth operate with ten or more. This tangled web of legacy technology undermines data quality, security, and scalability, threatening the very potential of AI to transform business.

Inside insurance’s legacy tech problem

Insurers are dreaming of AI, but many are still anchored to outdated systems. A 2024 Novidea survey found that 41% of insurance professionals admit...
EIS, a leading cloud-native core platform provider to the insurance industry, has announced the expansion of its flagship platform to accelerate digital transformation within insurance operations.

EIS unveils CoreGentic to boost insurance agility

EIS, a leading cloud-native core platform provider to the insurance industry, has announced the expansion of its flagship platform to accelerate digital transformation within...
Socotra, a leading InsurTech company transforming insurance core technology with modern cloud-based solutions, has launched a new product, Agentic Configuration.

Socotra unveils Agentic Configuration for insurers

Socotra, a leading InsurTech company transforming insurance core technology with modern cloud-based solutions, has launched a new product, Agentic Configuration. This cutting-edge capability enables insurers...
When an insurance client sends a message, every second counts. A delayed reply can cost trust, revenue, and even long-term loyalty. Symphony is helping insurers meet these high stakes head-on. 

How Symphony is redefining client interaction in insurance 

When an insurance client sends a message, every second counts. A delayed reply can cost trust, revenue, and even long-term loyalty. Symphony is helping...
Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions, has partnered with Connexure, a provider of quoting, underwriting and administrative software, to strengthen automation and risk management for carriers and managing general underwriters (MGUs).

Connexure and Gradient AI to streamline carrier analytics

Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions, has partnered with Connexure, a provider of quoting, underwriting and administrative software, to...
Abacus Global Management, a financial services company specialising in alternative asset management and data-driven wealth solutions, has acquired AccuQuote, a leading online life insurance brokerage company.

Abacus buys AccuQuote to enhance digital insurance offering

Abacus Global Management, a financial services company specialising in alternative asset management and data-driven wealth solutions, has acquired AccuQuote, a leading online life insurance...
Nava Benefits, a US-based employee benefits and healthcare technology provider, has unveiled HQ, an AI-powered platform designed to simplify benefits administration for HR teams.

Thrive Capital backs Nava Benefits with $30m round

Nava Benefits, a US-based employee benefits and healthcare technology provider, has unveiled HQ, an AI-powered platform designed to simplify benefits administration for HR teams. The...
Zego, a leading insurtech company transforming motor insurance with flexible, data-driven policies, has renewed its partnership with Clearspeed, the global leader in voice-based risk assessment technology.

Clearspeed and Zego expand voice-based motor insurance solution

Zego, a leading insurtech company transforming motor insurance with flexible, data-driven policies, has renewed its partnership with Clearspeed, the global leader in voice-based risk...
Geico, one of the largest auto insurance providers in the United States, has appointed Arianna Orpello as its new chief marketing officer (CMO), effective January 2026.

Arianna Orpello joins Geico as chief marketing officer

Geico, one of the largest auto insurance providers in the United States, has appointed Arianna Orpello as its new chief marketing officer (CMO), effective...
Actuaries often face significant delays and inefficiencies in the loss reserving process, with traditional workflows slowing down analysis. Legacy systems and fragmented data sources frequently make it difficult to access the detailed information needed to produce accurate reserve estimates. According to Akur8, a leading InsurTech company, these limitations can turn quarterly reserve reviews into a race to simply complete reports, rather than an opportunity to deliver in-depth, actionable insights.

Transforming loss reserving with centralised data

Actuaries often face significant delays and inefficiencies in the loss reserving process, with traditional workflows slowing down analysis. Legacy systems and fragmented data sources...
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Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As carriers expand their agent networks, the process of onboarding producers, managing appointments, and maintaining compliance records often still depends on fragmented systems and manual intervention.

Fixing the producer bottleneck in insurance distribution

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As...
Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK.

Simply Business brings small business insurance pricing into ChatGPT

Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK. The...
Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.

Cytora partners LexisNexis to enhance US commercial underwriting

Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform...
INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and MGAs.

INSTANDA and DataCrest team up to streamline insurance submissions

INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and...
Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.

Openly boosts expansion plans with funding and Allianz Re deal

Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient,...
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