Industry News

swiss-re-britam-and-oxfam-to-protect-small-scale-farmers-in-kenya-with-parametric-flood-insurance-solution

Swiss Re, Britam and Oxfam to protect small-scale farmers in Kenya with parametric flood...

Global reinsurer Swiss Re has teamed up with Britam and Oxfam to launch an index-based flood insurance solution in Kenya to protect small-scale farmers.
north-american-pet-insurance-sector-exceeds-$3.5bn

North American pet insurance sector exceeds $3.5bn

The North American Pet Health Insurance Association (NAPHIA) released its 2023 State of the Industry (SOI) Report showing the North American pet health insurance sector grew by 23.5% in In-Force GWP over 2022.
Akur8-to-enhance-next-insurances-pricing-processes

Akur8 to enhance NEXT Insurance’s pricing processes

Akur8, the next generation insurance pricing solution powered by transparent machine learning, has been selected by NEXT Insurance to help scale pricing capability framework.
Sunnova-energy-teams-up-with-amica-insurance-for-energy-and-insurance-services

Sunnova Energy joins forces with Amica Insurance for energy and insurance services

Sunnova Energy International, a US Energy as a Service (EaaS) provider, has partnered with Amica Insurance to expand the reach of its clean, affordable and reliable energy services.
insurtech-obie-teams-up-with-marketplace-homes-to-better-manage-risk

InsurTech Obie teams up with Marketplace to better manage risk

Obie, an InsurTech startup that offers insurance risk management for real estate investors, has partnered with Marketplace Homes to better manage risk for its properties.
cognisure-and-innoveo-team-up-to-support-commercial-insurers

CogniSure and Innoveo team up to support commercial insurers

CogniSure AI, a provider of insurance document extraction and analytics, has partnered with no-code platform provider Innoveo to drive underwriting efficiencies and pricing accuracy for commercial insurers.
tech-for-good-closing-insurance-gaps

Tech for Good: closing insurance protection gaps

Insurance protection gaps exist on a global scale, senior insurance executives discuss what the industry can do to improve this and enact a positive social impact.
cloud-native-insurance-platform-novidea-bags-$50m-series-C

Cloud-native insurance platform Novidea bags $50m Series C

Cloud-native insurance platform Novidea has raised $50m in a Series C funding round led by Battery Ventures.
how-insurers-can-successfully-extract-data-from-emails-using-AI

How insurers can successfully extract data from emails using AI

Extracting accurate data from emails can be a challenging task for insurance companies, even with the help of AI. Ushur advocates for what it calls an “ontology-based” approach alongside the use of AI.
The battle of tech in insurance - the metaverse, Gen AI and quantum computing

The battle of tech in insurance – the metaverse, Gen AI and quantum computing

Generative AI, the metaverse and quantum computing are three of the most exciting emerging technologies currently in the market. Rather than being left behind by competition, insurance leaders urge companies to experiment with the technology to explore how they can make the most of it.

News Stories

AI budget Percentage in Insurance

AI investment is accelerating with two-thirds of insurance CEOs allocating 10 – 20% of...

Key views of percentage of budget spent on AI in insurance companies: KPMG’s Insurance CEO Outlook surveyed 110 insurance CEOs across 11 markets, all leading...
bolttech

ING picks bolttech for European InsurTech push

ING, one of Europe's largest banks, has selected bolttech, a technology-enabled insurance platform, as its strategic partner to expand embedded insurance and protection solutions...

Producerflow launches partner portal for carriers

Producerflow, an insurance distribution management software company, has launched Partner Portal, a new self-service workspace aimed at transforming how insurance carriers work with their...

IntellectAI’s Magic Placement cuts quote workloads by 60%

Processing insurance quotes has long been one of the most time-consuming and error-prone tasks facing commercial brokers. IntellectAI is looking to change that with its...

Why insurers fail when actuaries work in silos

Building a high-performing pricing model is a significant achievement for any actuarial team, but it is only the beginning. According to Akur8, the real challenge...
227198

60,000+ InsurTech leaders get exclusive insights delivered every week