FinTech News

Earnix strengthens MGA sector with MGAA membership

Earnix strengthens MGA sector with MGAA membership

Earnix, a global leader in intelligent decisioning SaaS solutions for financial services, has become a Supplier Member of the Managing General Agents’ Association (MGAA), a prominent organisation representing MGAs in the UK and the Republic of Ireland.
Geography modelling plays a vital role in property and casualty (P&C) insurance pricing, especially in motor and property insurance. By incorporating spatial patterns into risk and demand models, insurers can ensure premiums align with varying risk levels and behaviours across different geographic areas. This process smooths modelled effects, leading to more accurate and fair pricing. Dynamic pricing software specialists Quantee delves into the most common approaches to geography modelling together with their pros and cons.

A guide to geography modelling in insurance pricing

Geography modelling plays a vital role in property and casualty (P&C) insurance pricing, especially in motor and property insurance. By incorporating spatial patterns into...
The insurance industry is in the midst of a profound transformation, driven by the adoption of advanced AI technologies. Adrian Coupland, head of EMEA insurance at Earnix, sheds light on how AI-based platforms are revolutionising insurers’ operations, the hurdles posed by legacy systems, and the critical role of modernisation in adapting to today’s market demands, as outlined in Earnix’s 2024 Industry Trends Report.

How AI and modernisation are reshaping the insurance industry

The insurance industry is in the midst of a profound transformation, driven by the adoption of advanced AI technologies. Adrian Coupland, head of EMEA insurance at Earnix, sheds light on how AI-based platforms are revolutionising insurers’ operations, the hurdles posed by legacy systems, and the critical role of modernisation in adapting to today’s market demands, as outlined in Earnix’s 2024 Industry Trends Report.
Blink Parametric, a leading provider of real-time travel InsurTech solutions, has launched its FlyEasy travel disruption assistance coverage in collaboration with Zurich Indonesia.

Blink Parametric partners with Zurich Indonesia to launch FlyEasy travel solution

Blink Parametric, a leading provider of real-time travel InsurTech solutions, has launched its FlyEasy travel disruption assistance coverage in collaboration with Zurich Indonesia.
DvSum, a leader in data intelligence solutions, has announced its inclusion in Guidewire’s InsurTech Vanguards programme.

DvSum joins Guidewire’s InsurTech Vanguards to drive innovation in P&C insurance

DvSum, a leader in data intelligence solutions, has announced its inclusion in Guidewire’s InsurTech Vanguards programme.
Bold Penguin, a leading commercial insurance distribution platform, has appointed Peter Settel as its new chief executive officer (CEO) and president.

Bold Penguin appoints Peter Settel as CEO and president to spearhead growth

Bold Penguin, a leading commercial insurance distribution platform, has appointed Peter Settel as its new chief executive officer (CEO) and president.
Tokio Marine partners with Earnix to streamline pricing and rating strategies

Tokio Marine partners with Earnix to streamline pricing and rating strategies

Tokio Marine North America Services (TMNAS) has partnered with Earnix, a global provider of AI-driven SaaS solutions, to develop a centralised rate repository aimed at enhancing pricing and rating strategies.
AirAsia and Tune Protect, a Malaysia-based InsurTech firm, have partnered to provide enhanced travel coverage for AirAsia flights departing from Singapore.

AirAsia and Tune Protect unveil new travel insurance for Singapore flyers

AirAsia and Tune Protect, a Malaysia-based InsurTech firm, have partnered to provide enhanced travel coverage for AirAsia flights departing from Singapore.
Allianz Partners, a global leader in insurance and assistance services, has partnered with Mazda Motor Europe, a prominent automobile manufacturer, to extend and consolidate their European Roadside Assistance programme.

Allianz Partners and Mazda Motor Europe expand roadside assistance partnership

Allianz Partners, a global leader in insurance and assistance services, has partnered with Mazda Motor Europe, a prominent automobile manufacturer, to extend and consolidate their European Roadside Assistance programme.
Manchester-based Uinsure, a leading InsurTech company, has announced a partnership with Suffolk Building Society, a mutual society offering savings and mortgage products to its members.

Uinsure partners with Suffolk Building Society to deliver streamlined insurance services

Manchester-based Uinsure, a leading InsurTech company, has announced a partnership with Suffolk Building Society, a mutual society offering savings and mortgage products to its...
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Kin Insurance, a US InsurTech focused on homeowners coverage in catastrophe-exposed regions, has secured $335m in its largest catastrophe bond transaction to date.

Kin Insurance lands $335m bond to bolster US storm protection

Kin Insurance, a US InsurTech focused on homeowners coverage in catastrophe-exposed regions, has secured $335m in its largest catastrophe bond transaction to date. The raise...
Allianz Commercial will transfer its standalone cyber insurance portfolio to Coalition as part of a long-term partnership to consolidate the global cyber insurance market. 

Allianz and Coalition form exclusive cyber insurance alliance

Allianz Commercial will transfer its standalone cyber insurance portfolio to Coalition as part of a long-term partnership to consolidate the global cyber insurance market.  The...
InsurTech firm Corgi has reached unicorn status after raising $160m in Series B funding at a $1.3bn valuation.

Corgi hits unicorn status after $160m Series B

InsurTech firm Corgi has reached unicorn status after raising $160m in Series B funding at a $1.3bn valuation. The round brings Corgi’s total funding to...

Pit secures $16m led by Andreessen Horowitz

Pit, a Swedish AI startup developing custom enterprise software, has emerged from stealth with $16m in seed funding led by Andreessen Horowitz, as it...
Insurance has always depended on timing. Risk is captured at a specific moment, translated into a price, and expected to remain broadly stable until the next review. For much of the industry’s history, that assumption has held. Risk moved, but not so quickly that it escaped the frame of underwriting.

How real-time risk visibility is reshaping the insurance lifecycle

Insurance has always depended on timing. Risk is captured at a specific moment, translated into a price, and expected to remain broadly stable until...
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