Industry News

Smart

Smart Communications makes CEO and executive chairman appointments

Smart Communications, annenterprise renowned for enhancing business-customer dialogues, heralded significant leadership shifts.
Intangible asset insurance: The new frontier in tech protection

Intangible asset insurance: The new frontier in tech protection

in the latest podcast from hyperexponential, CFC Underwriting’s Michael Brunero explores insuring emerging technologies and intellectual property.
The future of reinsurance: Technology and skills gap in focus

The future of reinsurance: Technology and skills gap in focus

The state of reinsurance pricing in 2023 is under scrutiny. With the landscape of risks evolving at an unprecedented pace, reinsurers are facing significant barriers to optimally underwriting risks. A staggering 70% of underwriters acknowledge that this rapidly changing environment presents the greatest challenge to their ability to underwrite risks effectively.
Elevating insurance pricing models: Akur8 introduces derivative lasso for actuarial precision

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."
Corvus

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

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.
Excel, insurance, reinsurance, pricing tools, actuaries, underwriting, rating tools, data analysis, Python, software ecosystem, data strategy, integrated data, feedback mechanisms, manual intervention, automated pricing tools

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

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

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.
Inclusivity

Goodwell backs InsurTech Inclusivity Solutions with $1.5m extension round

Inclusivity Solutions, an award-winning InsurTech, has successfully concluded an extension round of investment.

News Stories

Producerflow launches partner portal for carriers

Producerflow, an insurance distribution management software company, has launched Partner Portal, a new self-service workspace aimed at transforming how insurance carriers work with their...

IntellectAI’s Magic Placement cuts quote workloads by 60%

Processing insurance quotes has long been one of the most time-consuming and error-prone tasks facing commercial brokers. IntellectAI is looking to change that with its...

Why insurers fail when actuaries work in silos

Building a high-performing pricing model is a significant achievement for any actuarial team, but it is only the beginning. According to Akur8, the real challenge...
AXA XL and Deloitte team up on cyber risk prevention

AXA XL and Deloitte team up on cyber risk prevention

AXA XL, a global commercial insurance and risk management provider, has announced a strategic partnership with professional services firm Deloitte to deliver expanded cybersecurity...
Wrisk adds Ageas UK to its motor insurance panel

Wrisk adds Ageas UK to its motor insurance panel

Ageas UK, a personal lines insurer, has joined the motor insurance panel of Wrisk, an original equipment manufacturer (OEM) InsurTech specialist, in a new...
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