FinTech News

Optimising claims handling costs is a crucial topic in the insurance sector, as it directly affects customer relationships and operational expenses. Insurance companies face the challenge of balancing efficient claims settlement with managing expenditure, which has prompted a growing need for improvements through FinTech solutions. Automation, system integration, and centralised data management are among the key strategies insurers can adopt to streamline claims handling and reduce costs.

How automation can cut insurance claims handling costs

Optimising claims handling costs is a crucial topic in the insurance sector, as it directly affects customer relationships and operational expenses. Insurance companies face the challenge of balancing efficient claims settlement with managing expenditure, which has prompted a growing need for improvements through FinTech solutions. Automation, system integration, and centralised data management are among the key strategies insurers can adopt to streamline claims handling and reduce costs.
Akur8 has appointed Davide Burlon as its new regional sales director for EMEA, strengthening its leadership team with a seasoned expert in the insurance and data landscape.

New Akur8 sales lead eyes EMEA expansion strategy

Akur8 has appointed Davide Burlon as its new regional sales director for EMEA, strengthening its leadership team with a seasoned expert in the insurance and data landscape.
Life InsurTech firm Ethos has partnered with personal finance platform Origin to give policyholders a one-year free subscription to Origin’s financial management platform.

Ethos and Origin partner to expand access to financial tools

Life InsurTech firm Ethos has partnered with personal finance platform Origin to give policyholders a one-year free subscription to Origin’s financial management platform.
Monzo, a leading UK-based digital bank, has announced the launch of Monzo Home Insurance, a combined buildings and contents insurance policy designed to offer UK homeowners a simpler and more flexible way to protect their property and belongings.

Monzo launches flexible Home Insurance product

Monzo, a leading UK-based digital bank, has announced the launch of Monzo Home Insurance, a combined buildings and contents insurance policy designed to offer UK homeowners a simpler and more flexible way to protect their property and belongings.
Green mobility insurer Laka raises $10.4m Series B

Green mobility insurer Laka raises $10.4m Series B

London-based Laka, a specialist insurance firm focused on sustainable transport, has secured $10.4m in a Series B funding round as it looks to accelerate profitability and solidify its position as a leader in Europe’s green mobility insurance sector.
A new survey by HDFC ERGO General Insurance reveals a significant shift in the attitudes of Gen Z and Millennials in India towards health insurance, with 61% of respondents in this demographic preferring to invest in it.

HDFC ERGO finds 61% of youth prioritise health cover

A new survey by HDFC ERGO General Insurance reveals a significant shift in the attitudes of Gen Z and Millennials in India towards health insurance, with 61% of respondents in this demographic preferring to invest in it.
Greater Than, a global provider of risk intelligence into road safety and climate impact, has unveiled its latest innovation, the AI Coach, aimed at transforming crash prevention and risk management.

Greater Than AI Coach boosts driver safety insights

Greater Than, a global provider of risk intelligence into road safety and climate impact, has unveiled its latest innovation, the AI Coach, aimed at...
InsurTech company Lemonade has donated more than $2.1m to 45 nonprofit organisations through its 2025 Giveback program.

Lemonade donates $2.1m in 2025 Giveback

InsurTech company Lemonade has donated more than $2.1m to 45 nonprofit organisations through its 2025 Giveback program.
The London Market’s enduring power lies in its unique structure, a small but mighty square mile where insurance and reinsurance professionals collaborate on complex, global risks. This legacy of bespoke solutions, face-to-face relationships, and centuries of expertise sets it apart from any other insurance ecosystem in the world.

Leadership key to London Market’s digital evolution

The London Market’s enduring power lies in its unique structure, a small but mighty square mile where insurance and reinsurance professionals collaborate on complex, global risks. This legacy of bespoke solutions, face-to-face relationships, and centuries of expertise sets it apart from any other insurance ecosystem in the world.
global InsurTech deals H1 2025

US reinforced its position as the global InsurTech hub with half of all deals...

Key Global InsurTech investment stats in H1 2025: Global InsurTech deal activity dropped by 19% YoY in H1 US companies secured half of all...

News Stories

Wildfire data model drives new California cover

Wildfire data model drives new California cover

DUAL North America, a specialty programme administrator, Kingstone Companies, a Northeast-focused property insurer, and Windward Risk Managers, a Florida-based risk manager, have each launched...
ManyPets debuts UK's first ChatGPT insurance plugin

ManyPets debuts UK’s first ChatGPT insurance plugin

ManyPets, a UK pet insurance provider offering Lifetime cover and an AI-powered claims service, has become the first UK specialist pet insurance provider to...
RateZip brings real-time pricing data to ChatGPT

RateZip brings real-time pricing data to ChatGPT

RateZip, an independent US consumer rates platform that compares savings, deposit, mortgage and lending rates, has launched a live rates service inside ChatGPT, giving...
Insurers struggle to turn AI into action

Insurers struggle to turn AI into action

Insurers are investing heavily in artificial intelligence across pricing, underwriting, claims, risk assessment and customer engagement. Yet as AI models become more sophisticated, the...

Sixfold’s new AI tool tackles life and health cases

Sixfold, the underwriting AI platform used by leading insurers around the world, has launched an AI Underwriter for Life & Health insurance, a governed...
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