Company News

Each reporting cycle, actuaries often find themselves overwhelmed with manual tasks—editing loss triangles, linking spreadsheets, and validating templates. These repetitive and time-consuming activities consume valuable hours that could otherwise be used for in-depth analysis. Even minor adjustments to data inputs or project assumptions can create a ripple effect of risk across dozens of files, heightening the pressure to meet both financial and regulatory deadlines.

How automation boosts accuracy in insurance reserving

Each reporting cycle, actuaries often find themselves overwhelmed with manual tasks—editing loss triangles, linking spreadsheets, and validating templates. These repetitive and time-consuming activities consume...
Amwins, a global distributor of specialty insurance products and services, has announced the launch of Cyber+, an exclusive proprietary cyber insurance product designed for small and medium-sized enterprises (SMEs).

Amwins unveils cyber insurance offering to protect SMEs

Amwins, a global distributor of specialty insurance products and services, has announced the launch of Cyber+, an exclusive proprietary cyber insurance product designed for...
Commercial lines insurers face constant pressure from regulatory updates. ISO circulars arrive in waves, with states adding variations that require continuous updates to rating models. Manual work—rebuilding models, re-keying data, and revalidating outputs—has traditionally taken months, slowing time-to-market and draining expert resources.

The regulatory challenges commercial lines insurers face – and how to solve them

Commercial lines insurers face constant pressure from regulatory updates. ISO circulars arrive in waves, with states adding variations that require continuous updates to rating...
mea Platform, a leading provider of AI-driven solutions for the (re)insurance industry, has launched a suite of agentic AI products designed to unlock value trapped inside (re)insurance operating expenses.

mea launches AI suite to replace core insurance industry workflows

mea Platform, a leading provider of AI-driven solutions for the (re)insurance industry, has launched a suite of agentic AI products designed to unlock value...
Allianz UK has partnered with Ticker, a Managing General Agent (MGA) and one of the UK’s top connected motor insurance providers, in a bid to boost safer driving.

Allianz UK partners with Ticker to enhance motor insurance

Allianz UK has partnered with Ticker, a Managing General Agent (MGA) and one of the UK’s top connected motor insurance providers, in a bid...
Acrisure, a global FinTech leader providing intelligence-driven financial services and solutions, has announced the appointment of Benjamin Funk as its new chief technology and chief AI officer.

Acrisure hires Benjamin Funk to lead AI and tech strategy

Acrisure, a global FinTech leader providing intelligence-driven financial services and solutions, has announced the appointment of Benjamin Funk as its new chief technology and...
Specialty Program Group (SPG), a leading insurance specialty and wholesale brokerage, has partnered with Vertafore, a top provider of InsurTech solutions, to enhance digital experiences for its retail agencies and improve operational efficiency across its partner network.

SPG partners with Vertafore to modernise agency workflows

Specialty Program Group (SPG), a leading insurance specialty and wholesale brokerage, has partnered with Vertafore, a top provider of InsurTech solutions, to enhance digital experiences...
Unitary, an AI automation firm, has launched its Virtual Agents for Insurance to help insurers streamline workflows, reduce costs, and accelerate automation without system overhauls.

Unitary launches AI Virtual Agents for insurance automation

Unitary, an AI automation firm, has launched its Virtual Agents for Insurance to help insurers streamline workflows, reduce costs, and accelerate automation without system...
For decades, provider support in health plans has relied on call centres to handle benefit verifications, claim checks, and credentialing updates. While necessary, these interactions are repetitive, slow, and costly. Benefits verification alone can account for 60–70% of calls, highlighting the inefficiency of traditional provider support models.

How Ushur is modernising healthcare support operations

For decades, provider support in health plans has relied on call centres to handle benefit verifications, claim checks, and credentialing updates. While necessary, these...
Insurance compliance teams have long relied on rules-based monitoring as the cornerstone of anti-money laundering (AML) programmes. Fixed thresholds and predefined alerts offer simplicity and auditability, but as financial crime becomes more complex, this approach is increasingly insufficient, according to SymphonyAI. 

How can insurance firms stop financial crime effectively?

Insurance compliance teams have long relied on rules-based monitoring as the cornerstone of anti-money laundering (AML) programmes. Fixed thresholds and predefined alerts offer simplicity...
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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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