Industry News

MGAs

Insurance-native AI: the next edge for UK MGAs

The UK's managing general agent (MGA) sector has emerged as one of the standout performers in insurance, frequently beating the wider market across commercial,...
Why insurers can't afford the actuary vs data scientist divide

The hybrid actuarial role reshaping insurance pricing

Insurers face a growing dilemma: machine learning promises sharper pricing, yet models must remain explainable, compliant and commercially viable. According to Akur8, the answer...
How AI can rescue cyber submissions from the black hole

How AI can rescue cyber submissions from the black hole

Commercial insurance is wrestling with a silent crisis that IntellectAI has dubbed the "submission black hole", the unmanaged space inside a carrier's infrastructure where...
video

Why producer onboarding and compliance are critical for insurers

The insurance sector has been battling a prolonged hard market for several years, but the market is shifting and growth is back on the...
Over 80% of MGAs modernising pricing, Optalitix finds

Over 80% of MGAs modernising pricing, Optalitix finds

Optalitix, an underwriting and pricing InsurTech offering a low-code platform for insurers, reinsurers and MGAs, has released new research showing that managing general agents...

Why manual placement is InsurTech’s costliest blind spot

Despite billions of dollars invested in commercial insurance digitisation over the past decade, the wholesale distribution pipeline remains a paradox, according to a new...
Accelerant partners with $220m-backed WoodStar insurer

Accelerant partners with $220m-backed WoodStar insurer

Accelerant, the data-driven risk exchange platform serving the specialty insurance marketplace, has struck a partnership with the newly launched WoodStar Reciprocal Exchange, a carrier...
Weecover targets banks' $1.1tn embedded insurance gap

Weecover targets banks’ $1.1trn embedded insurance gap

Weecover, an InsurTech insurance distribution platform, is deepening its focus on banks and financial institutions with technology built to help organisations modernise, manage and...
Earnix tackles the ML models insurers can't deploy

Earnix tackles the ML models insurers can’t deploy

The most predictive model is not always the one an insurer can actually use, according to a new analytical report from InsurTech firm Earnix. Machine...
actuarial

Why generic AI agents fail the actuarial transparency test

The insurance industry is caught in an AI gold rush, but not everything that glitters is fit for actuarial work. As agentic AI shifts...

News Stories

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,...
Can Curant.ai solve insurance’s claims complexity problem?

Can Curant.ai solve insurance’s claims complexity problem?

Curant.ai, an AI-powered InsurTech platform focused on modernising insurance claims, has secured $3.1m in seed funding as insurers look to move from early AI...
Can commercial carriers survive the end of the hard market?

Can commercial carriers survive the end of the hard market?

The prolonged hard market in North American commercial insurance has begun to ease, creating a new challenge for property and casualty (P&C) insurers as...
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