Industry News

IAIS

IAIS urges ISSB to maintain its climate-first approach

The International Association of Insurance Supervisors (IAIS) has emphasised the importance of continuing a climate-centric approach.
Cytora

Boost to Cytora’s growth as top insurance veterans board the advisory team

Cytora, a digital risk platform, is scaling new heights by inducting several figures from the insurance sector onto its global advisory board.
Navigating the Future Aviation's Transformation through Insurance

Navigating the Future: Aviation’s Transformation through Insurance

The aviation sector, with its rich tapestry of innovations and challenges, has always mirrored the intricacies of our rapidly evolving world. From major incidents like 9/11 and the subsequent geopolitical challenges, to facing global health crises such as the COVID-19 pandemic and the growing demands of climate action, aviation has consistently proven its resilience.
The future of health insurance: Hyper-personalisation and AI advancements

The future of health insurance: Hyper-personalisation and AI advancements

Transitioning from a transaction-based model to a service-enabled platform economy is at the heart of the digital life and health insurance landscape.
Redefining management by exception in InsurTech

Redefining management by exception in InsurTech

In a 2019 conference panel discussion, the CEO of distriBind made an insightful statement about data management in insurance: "In a bordereaux world, you have to touch 100% of the data." This motto continues to drive the company's mission of removing friction and manual labour in delegated authority within the insurance sector.
Deep learning vs machine learning: What's the real difference?

Deep learning vs machine learning: What’s the real difference?

AI's evolution has brought to the forefront two key terms: Deep Learning and Machine Learning. Are they the same, or do they represent distinct facets of AI? Ushur, a customer experience automation company, has explored the difference between the two. 
Fortitude

Fortitude Re welcomes Ming Zhang and Andrew Sooboodoo in pivotal roles

Fortitude Re has named Ming Zhang as their new Chief Risk Officer and Andrew Sooboodoo as its new Chief Regulatory Officer.
Agora

Stop loss insurance gets a boost with QBE North America’s Agora program

QBE North America, an influential player in the insurance sector, has unveiled its latest offering: Agora.
The transformation of pricing and underwriting in insurance

The transformation of pricing and underwriting in insurance

Successful pricing and underwriting transformation mandates not just a vivid vision but the sustained momentum to actualise it. This transformation isn't a one-size-fits-all approach; it varies for each business. Yet, the goal remains consistent: refining the process of assessing and insuring risk.
NOW

NOW Insurance garners fresh funding from Arch Capital Group

NOW Insurance, an AI-integrated commercial insurance platform focusing on medical professional liability coverage, has secured funding.

News Stories

Faye raises $50m to power autonomous travel care

Faye raises $50m to power autonomous travel care

Faye, the AI-powered travel protection platform recognised as a TIME Best Invention and named a top provider by The Wall Street Journal, has closed...
Why insurance personalisation is still stuck in the data gap

Why insurance personalisation is still stuck in the data gap

Insurers have invested significantly in customer data, segmentation and behavioural analytics to improve engagement. However, many still face challenges when turning those insights into...
Octave taps Cytora technology for new MGA launches

Octave taps Cytora technology for new MGA launches

Cytora, an AI-powered risk processing platform for commercial insurers, has entered a partnership with Octave Specialty Group, a specialty insurance platform that builds, buys...
Plaid and Sierra unlock AI-powered financial workflows

Plaid and Sierra unlock AI-powered financial workflows

Plaid, a financial technology company that enables consumers to securely connect their financial accounts with apps and services, has partnered with Sierra, an AI...

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...
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