Industry News

Insurers’ pricing models floundering despite tech investments

Insurers’ pricing models floundering despite tech investments

A recent survey conducted by Coleman Parkes, on behalf of pricing decision intelligence leader hyperexponential, has unveiled the extensive dissatisfaction within the Specialty and Commercial insurance sectors regarding their current pricing and technology.
AXA

AXA XL launches emissions insurance product for marine clients

AXA XL, a division of AXA, with a prominent presence in the UK, has launched a new product - the Excess Emissions Insurance.
Evertas

Evertas bolsters crypto insurance coverage with Bitsure acquisition

Evertas, a digital asset insurance provider, has announced the acquisition of Bitsure, a pioneering insurer for crypto mining operations.
How Home Instead Ireland harnesses ViClarity for quality management

How Home Instead Ireland harnesses ViClarity for quality management

Home Instead Ireland, a dedicated provider of person-centred care, is on a pivotal mission to improve the lives of older adults and their families. In 2020, they took a strategic decision to incorporate the ViClarity Quality Management system into their operations. The primary aim was to enhance manual processes related to quality and compliance on both local and national scales.
CLARA

CLARA Analytics, OPEX Consultants join forces to revolutionise InsurTech in APAC

CLARA Analytics has recently joined forces with OPEX Consultants, a renowned Australian insurance consulting firm.

Transforming insurance pricing through decision intelligence

Understanding and effectively applying pricing decision intelligence is pivotal in improving profitability for insurers. Despite its significance, the industry grapples with successfully transforming their...
The future of specialty insurance: Unpacking the digital challenges and opportunities

The future of specialty insurance: Unpacking the digital challenges and opportunities

In the late 17th century, Edward Lloyd set up his famous coffee house in London's Tower Street, laying the groundwork for modern insurance. Fast forward almost 350 years and insurance, now a $6tn industry, has evolved drastically. However, specialty insurers today grapple with unprecedented challenges. This article will delve into these emerging issues and technological advancements driving industry transformation.
Augment

Altamont bolsters new reinsurance broker Augment with $100m funding

Augment, a newly launched reinsurance broker, has recently made waves with an inaugural investment of $100m.
business

Cybercrime’s toll on global business to skyrocket to $10.5tn by 2025

Despite threats posed by the emergence of new technologies such as AI, global business leaders' focus on cyber risk seems to be waning.

Hourly.io teams up with Nationwide to revamp workers’ comp with real-time data

Hourly.io, an ambitious startup aimed at revolutionising the workers' comp landscape for businesses employing hourly and mobile workers, has forged a strategic partnership with Nationwide, a prominent provider of insurance and financial services.

News Stories

The rapid expansion of AI-driven actuarial platforms is forcing InsurTech firms to rethink how they operate internally. As companies scale across markets, adding customers, products and teams in different geographies, operational complexity increases quickly. Data visibility, coordination between offices and the integration of new technologies all become critical factors in maintaining momentum.

Scaling Akur8: how the firm is building for global growth

The rapid expansion of AI-driven actuarial platforms is forcing InsurTech firms to rethink how they operate internally. As companies scale across markets, adding customers,...

LEEO unveils telematics-powered fleet insurance product

Commercial auto insurance MGA LEEO has launched a new telematics-powered insurance product designed to more closely link fleet driving behaviour with insurance pricing and...
Soter Insure has launched an Ethereum-denominated slashing insurance product, developed with Galaxy Digital, designed to protect institutional participants in the digital asset staking ecosystem.

Soter launches Ethereum slashing insurance product

Soter Insure has launched an Ethereum-denominated slashing insurance product, developed with Galaxy Digital, designed to protect institutional participants in the digital asset staking ecosystem. The...
CoverGo has deployed its Intelligent Document Processing (IDP) AI Agent for Generali Hong Kong, automating health insurance claims handling to improve processing speed, accuracy and customer experience.

Generali Hong Kong adopts CoverGo AI claims automation

CoverGo has deployed its Intelligent Document Processing (IDP) AI Agent for Generali Hong Kong, automating health insurance claims handling to improve processing speed, accuracy...
InsurTech Heathos has launched a unified life insurance platform designed to integrate life cover into the same operational environment agencies already use for health and supplemental products.

Heathos expands platform to simplify life insurance distribution

InsurTech Heathos has launched a unified life insurance platform designed to integrate life cover into the same operational environment agencies already use for health...
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