Industry News

Novidea

Novidea’s insurance management solution leads Pathpoint to major growth milestone

Novidea‘s groundbreaking insurance management solution has led to Pathpoint experiencing a monthly 20% compounded growth for the last 18 months.

WTW launches new cyber insurance offering for the Bermuda market

WTW has launched a new cyber insurance product designed and tailored to be a comprehensive solution for financial, professional, and executive risks. 

Geely’s new EV brand partners with Qover to launch bespoke insurance programme

Geely Group‘s EV brand ZEEKR, has partnered with Qover, a firm specialising in embedded insurance orchestration, to introduce a bespoke insurance programme for its customers in the Netherlands.

Allianz appoint new CEO of Central Europe

Allianz SE has announced the appointment of a new CEO of Allianz Central Europe beginning January 1, 2024. 
KYND

KYND and Consilium forge strategic partnership to tackle cyber risks in insurance

KYND Limited, a leading entity in cyber risk management, and Consilium, the international (re)insurance broker under the Aventum Group, have announced a significant strategic partnership.  

Turkey and Greece partner to bolster reinsurance collaboration

Turkish President Recep Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis have joined forces in an agreement aimed at broadening their connections across various industries, notably within the reinsurance sector. 
Pen

Pen Underwriting appoints Megan Jones as capacity relationship manager

Pen Underwriting, a notable player in the insurance sector, has welcomed Megan Jones as their new capacity relationship manager, effective 2 January 2024.

InsurTech Coalition launched by key industry players to transform industry

A group of leading companies have published an open letter to the insurance industry announcing the launch of the InsurTech Coalition.

AIG bags $712m and closes secondary share offering of Corebridge Financial

American International Group, Inc. (AIG) has successfully concluded its secondary offering of Corebridge Financial, Inc. (CRBG) shares, generating approximately $712m.
Novidea

Novidea to expand into Southeast Asian InsurTech market

London-based InsurTech Novidea has revealed that it will be expanding into the Southeast Asian market.

News Stories

Migrating from on-premises to cloud infrastructure is a major leap for any organisation. This was the case for a Fortune 500 insurer seeking to modernise its operations. Their existing system, which relied on outdated methods and manual processes, was no longer fit to handle the enormous amounts of data generated daily. This transformation involved building a robust, automated platform, transitioning to the cloud, and optimising for efficiency and scalability. Customer software development company Symfa explains how it supported the firm on this journey.

How Symfa helped a Fortune 500 insurer modernise its cloud infrastructure – part one

Migrating from on-premises to cloud infrastructure is a major leap for any organisation. This was the case for a Fortune 500 insurer seeking to modernise its operations. Their existing system, which relied on outdated methods and manual processes, was no longer fit to handle the enormous amounts of data generated daily. This transformation involved building a robust, automated platform, transitioning to the cloud, and optimising for efficiency and scalability. Customer software development company Symfa explains how it supported the firm on this journey.
ZestyAI has partnered with Standard Casualty Company to enhance risk assessment and policyholder collaboration for manufactured home insurance using advanced AI-driven property and climate risk analytics.

ZestyAI and Standard Casualty join forces to innovate property insurance for mobile homes

ZestyAI has partnered with Standard Casualty Company to enhance risk assessment and policyholder collaboration for manufactured home insurance using advanced AI-driven property and climate risk analytics.
HDI Global, a leading provider of industrial insurance, has announced plans to expand its environmental liability insurance offerings to international markets.

HDI Global expands ESG insurance offering with international environmental liability coverage

HDI Global, a leading provider of industrial insurance, has announced plans to expand its environmental liability insurance offerings to international markets. The expansion follows the...
Mulberri, a digital insurance platform focused on innovating business insurance, has joined forces with Qualys in a bid to deliver enhanced cyber insurance offerings.

Qualys partners with Mulberri to transform cyber insurance underwriting

Mulberri, a digital insurance platform focused on innovating business insurance, has joined forces with Qualys in a bid to deliver enhanced cyber insurance offerings.
Duck Creek Technologies, a global provider of intelligent solutions for property and casualty (P&C) and general insurance, has announced the opening of a second Centre of Excellence (CoE) in Warsaw, Poland.

Duck Creek Technologies expands with new centre of excellence in Poland

Duck Creek Technologies, a global provider of intelligent solutions for property and casualty (P&C) and general insurance, has announced the opening of a second Centre of Excellence (CoE) in Warsaw, Poland.

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