Industry News

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.

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

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.

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

QBE North America, an influential player in the insurance sector, has unveiled its latest offering: Agora.

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

Marsh is set to acquire Honan Insurance Group, a specialist insurance broker that excels in corporate risk and real estate insurance.

HawkSoft has announced Fize Technology as its newest API Partner integrated with its insurance platform.