Elevating insurance pricing models: Akur8 introduces derivative lasso for actuarial precision
In the realm of actuarial science, Akur8 has made a significant stride with the release of their latest research paper titled "Derivative Lasso: Credibility-Based Signal Fitting for GLMs."
Travelers to enhance cyber insurance capabilities with $435m Corvus acquisition
Travelers, a leading insurance provider has entered into a definitive agreement to acquire cyber InsurTech firm Corvus for $435m.
Optimizing Cloud Spend – The changing tides of cloud computing
The turbulent financial market is forcing companies to increase the scrutiny of their budgets. Rather than simply allowing hype to dictate their spending, firms are starting to see whether their initiatives are generating enough value. One of the areas that could be on the chopping block is public cloud, according to Joel Berwitz - Managing Consultant at technology transformation company CNNECT.
Why Excel no longer makes the cut in modern insurance pricing
The insurance sector is grappling with a pricing tool dilemma. A significant 81% of insurers express doubts regarding the effectiveness of their current pricing technologies. One of the main culprits? Excel.
Generali Ventures commits €250m to boost FinTech and InsurTech sectors
Generali has kickstarted its latest venture capital initiative aiming to bolster innovation and identify fresh market opportunities.
Insurance Authority collaborates with ICAC to combat insurance industry corruption
The IA, a regulatory body overseeing the insurance sector in Hong Kong and the ICAC have entered into an agreement.
Goodwell backs InsurTech Inclusivity Solutions with $1.5m extension round
Inclusivity Solutions, an award-winning InsurTech, has successfully concluded an extension round of investment.
Kota seals €5m funding to revamp employee benefits platform
Kota, an integrated platform aiming to streamline insurance and retirement benefits for contemporary teams, has secured €5m.
Smart Communications powers Mountain West’s leap to cloud customer experience
Mountain West Farm Bureau and its subsidiary 360 Insurance Company have joined forces with Smart Communications.
The insurance evolution: How delegated authority relies on fast data exchange
There's been a noteworthy shift within the insurance sector. The catalyst for this shift? The ever-growing importance and sheer volume of data.
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