Industry News

Smart

How Smart Communications and Guidewire are transforming P&C insurance

Smart Communications and Guidewire have celebrated surpassing 120 mutual customers, a testament to their successful partnership.
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.

News Stories

Angelica Solutions adds pricing expert Illingworth

Angelica Solutions, the UK insurance consultancy specialising in data-driven and actuarial solutions for insurers, MGAs and InsurTechs, has appointed Amy Illingworth as a senior...
Federato

Federato launches Claims to close loss ratio gaps

Federato, the AI-native platform for the full insurance policy lifecycle, has launched Federato Claims, an end-to-end claims management system built on the same technology...
LendingTree bets on product breadth to drive growth

LendingTree bets on product breadth to drive growth

LendingTree, the US online financial services marketplace, is expanding its insurance offering alongside wider financial services growth, launching six new product categories through strategic...
How insurers can turn wellness data into better engagement

How insurers can turn wellness data into better engagement

Health insurers are increasingly investing in wellness programmes to improve member engagement and preventive care, but many continue to struggle with delivering personalised experiences,...
Insurers move beyond AI pilots as governance takes control

Insurers move beyond AI pilots as governance takes control

The insurance sector is moving from AI experimentation towards more structured adoption, with governance, accountability and decision intelligence emerging as key priorities at MGAA...
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