Industry News

Previsico sounds alarm as most UK firms lack flood resilience plans

Previsico sounds alarm as most UK firms lack flood resilience plans

Fewer than 30% of UK businesses are ready to face the increasing threat of flooding linked to climate change, according to new findings from InsurTech firm Previsico.
Why insurers must balance fast service with accurate AI outputs

Why insurers must balance fast service with accurate AI outputs

As expectations for speed and convenience rise, insurance companies are under growing pressure to deliver fast, seamless service to their clients. Yet, as M-Files warns, speed without accuracy—especially when deploying generative AI—can risk customer satisfaction and ultimately harm a firm’s reputation.

IntellectAI targets insurance inefficiencies with AI-driven policy placement solution

IntellectAI, the InsurTech division of Intellect Design Arena, has unveiled Magic Placement, a new AI-powered solution designed to overhaul the way agents, brokers, and wholesalers compare insurance documents.
How AI expert agents are transforming insurance underwriting workflows

How AI expert agents are transforming insurance underwriting workflows

AI expert agents are emerging as powerful tools in the insurance industry, reshaping the underwriting process by mimicking human decision-making. As artificial intelligence continues...
Akur8

CompSource Mutual enhances Pricing Accuracy with Akur8

CompSource Mutual, the leading provider of workers’ compensation insurance in Oklahoma, has partnered with Akur8 to revolutionize their pricing models through the implementation of...
Smart Eye and Greater Than unveil impact of ADDW alerts on driver risk

Smart Eye and Greater Than unveil impact of ADDW alerts on driver risk

Swedish technology firms Smart Eye and Greater Than have released initial findings from their collaborative research into the impact of Advanced Driver Distraction Warning (ADDW) alerts on driver risk.
MSCI

MSCI and Swiss Re unite to tackle climate risk in finance

MSCI and Swiss Re Reinsurance Solutions, a leader in the reinsurance sector, have announced a groundbreaking partnership.
FullCircl backs BIBA 2025 Manifesto, calls for regulatory and tech advancements

FullCircl backs BIBA 2025 Manifesto, calls for regulatory and tech advancements

BIBA has unveiled its 2025 Manifesto, "Partnering to Deliver More Value," at the Houses of Parliament, reinforcing the critical role insurance plays in the UK economy.

How BIBA’s advocacy shapes the UK’s insurance landscape

In the recently unveiled BIBA 2025 Manifesto, FullCircl, a prominent voice in the insurance broking sector, underscores the critical role of insurance in bolstering the UK economy.
How Magic Submission streamlines submission management for insurers and MGAs

How Magic Submission streamlines submission management for insurers and MGAs

Managing insurance submissions is a challenging and time-consuming aspect of the underwriting process. IntellectAI has released a new whitepaper outlining how its Magic Submission...

News Stories

AI workflow automation startup Heron lands $16m Series A

Heron, a workflow automation company specialising in AI-powered document processing for traditional industries such as lending, insurance and equipment finance, has raised $16m in a Series A funding round.

Why insurers must modernise AML with AI now

In today’s evolving financial crime landscape, the insurance sector is facing increasing scrutiny. Long considered a low-risk area, both life and non-life insurance products are now being exploited for money laundering, sanctions evasion, and fraud.
Globe Underwriting, a UK-based managing general agent (MGA) specialising in tailored insurance solutions, has taken a significant step forward with the launch of its professional indemnity (PI) proposition.

Globe Underwriting launches new professional indemnity product

Globe Underwriting, a UK-based managing general agent (MGA) specialising in tailored insurance solutions, has taken a significant step forward with the launch of its professional indemnity (PI) proposition.
Optimising claims handling costs is a crucial topic in the insurance sector, as it directly affects customer relationships and operational expenses. Insurance companies face the challenge of balancing efficient claims settlement with managing expenditure, which has prompted a growing need for improvements through FinTech solutions. Automation, system integration, and centralised data management are among the key strategies insurers can adopt to streamline claims handling and reduce costs.

How automation can cut insurance claims handling costs

Optimising claims handling costs is a crucial topic in the insurance sector, as it directly affects customer relationships and operational expenses. Insurance companies face the challenge of balancing efficient claims settlement with managing expenditure, which has prompted a growing need for improvements through FinTech solutions. Automation, system integration, and centralised data management are among the key strategies insurers can adopt to streamline claims handling and reduce costs.
Akur8 has appointed Davide Burlon as its new regional sales director for EMEA, strengthening its leadership team with a seasoned expert in the insurance and data landscape.

New Akur8 sales lead eyes EMEA expansion strategy

Akur8 has appointed Davide Burlon as its new regional sales director for EMEA, strengthening its leadership team with a seasoned expert in the insurance and data landscape.

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