Industry News

Amidst the rapid boom of Artificial Intelligence (AI), its increasing integration into societal structures and business models prompts crucial conversations on technology risks. MAPFRE, a multinational insurance company, has embarked on comprehensive research to understand these risks and to identify measures that could assess, monitor, and mitigate these risks, thereby enabling the deployment of Responsible AI (RAI).

Guy Carpenter, a global leader in risk and reinsurance solutions and a Marsh McLennan business, has announced the completion of its acquisition of Re Solutions, the foremost independent reinsurance broker in Israel. Details of the transaction were not disclosed.

Germania Insurance, a leading property and casualty (P&C) insurer based in Texas, and Guidewire, a prominent software provider for the insurance industry, have announced Germania's successful migration of their Guidewire InsuranceSuite self-managed environment to Guidewire Cloud.

Husmus, a trailblazing start-up committed to addressing financial exclusion in the housing sector, has announced the receipt of funding from tech giant Google and British governmental agency Innovate UK.

Cytora, a digital risk processing platform, and hyperexponential, an innovative pricing decision intelligence firm, have inked a partnership.

New York-based Lemonade, an AI-powered InsurTech firm with a strong emphasis on social impact, recently announced a significant partnership with General Catalyst (GC), a reputable venture capital firm and one of Lemonade's initial backers.

Leading driving safety analytics firm, Zendrive, has announced a strategic partnership with Autio, the unique location-based audio entertainment app. This innovative alliance pairs compelling audio stories with the concept of safer driving, delivering a distinctive, engaging experience for drivers on the road.

One Inc, the premier digital payments network in the insurance sector, has announced its collaboration with Safety Insurance Group (Safety) to revolutionise the customer experience and introduce instant claims payment functionality.

In a progressive move towards amplified cyber risk management, KYND, renowned for its advanced cyber risk management technology, has announced a partnership with MDS, a Portugal-based Lloyd’s broker extending into the world's largest specialised insurance market.

Leading cyber underwriter, Corvus Insurance, recognised for its proprietary AI-driven cyber risk platform, has introduced innovative features driven by artificial intelligence (AI) and natural language processing (NLP) within its Corvus Risk Navigator™.