How Lloyd’s Core Data Record is transforming the insurance industry

Announced in early 2021 and currently at version 3.2, the Core Data Record (CDR) is a groundbreaking initiative aimed at streamlining and standardising transaction data collection. Designed to be captured at the point of binding, this system facilitates key processes such as premium validation, claims matching, tax validation, and regulatory reporting. Now it is at the epicentre of the insurance sector's digital revolution, as Novidea explains.

How Lloyd’s Core Data Record is transforming the insurance industry

February 10, 2025

Announced in early 2021 and currently at version 3.2, the Core Data Record (CDR) is a groundbreaking initiative aimed at streamlining and standardising transaction...

LoadStar Insurance Services, a managing general agent (MGA), has announced a partnership with Redkik to modernise and streamline customs inspection coverage for businesses worldwide.

LoadStar and Redkik partner to streamline customs inspection insurance

February 10, 2025

LoadStar Insurance Services, a managing general agent (MGA), has announced a partnership with Redkik to modernise and streamline customs inspection coverage for businesses worldwide. Customs...

Norwegian InsurTech startup 7Analytics, which specialises in flood data analytics, has received an investment from IAG Firemark Ventures, the corporate venture capital arm of general insurer IAG.

InsurTech firm 7Analytics secures investment from IAG Firemark Ventures

February 10, 2025

Norwegian InsurTech startup 7Analytics, which specialises in flood data analytics, has received an investment from IAG Firemark Ventures, the corporate venture capital arm of general insurer...

Carbon Underwriting adds industry veterans Paddy Byrne and Michael Watson to board

February 10, 2025

Carbon Underwriting, a specialist independent managing general underwriter and Lloyd’s syndicate, has announced significant changes to its board of directors. The company has appointed industry...

Simplifai, a leader in AI-driven automation, has launched Agentic AI designed to optimise critical processes such as claims handling, underwriting, and customer service.

Simplifai launches Agentic AI to transform insurance automation

February 7, 2025

Simplifai, a leader in AI-driven automation, has launched Agentic AI designed to optimise critical processes such as claims handling, underwriting, and customer service. The Norwegian...

Earnix, a global leader in intelligent decisioning SaaS solutions for financial services, has emphasised the importance of the UK’s newly released AI Cyber Security Code of Practice.

Earnix emphasises importance of UK’s AI Cyber Security Code of Practice

February 7, 2025

Earnix, a global leader in intelligent decisioning SaaS solutions for financial services, has emphasised the importance of the UK’s newly released AI Cyber Security...

Ahoy! Insurance, a technology-driven InsurTech provider specialising in marine insurance, has announced its expansion into the Florida market.

Ahoy! Insurance enters Florida market with innovative marine insurance solutions

February 7, 2025

Ahoy! Insurance, a technology-driven InsurTech provider specialising in marine insurance, has announced its expansion into the Florida market. This move aims to provide Florida’s boating...

Bestow, a leading InsurTech platform, has announced the appointment of three new executives to support its next phase of growth.

Bestow strengthens leadership team with three key hires to drive growth

February 7, 2025

Bestow, a leading InsurTech platform, has announced the appointment of three new executives to support its next phase of growth. David Malenoir-Evans joins as chief...

Qantev, an AI-driven claims management platform specialising in health and life insurance, has partnered with INSTANDA to provide insurers with an integrated solution to streamline policy administration and optimise claims processing.

Qantev and INSTANDA collaborate to transform health & life insurance

February 6, 2025

Qantev, an AI-driven claims management platform specialising in health and life insurance, has partnered with INSTANDA to provide insurers with an integrated solution to streamline policy administration and optimise claims processing.

Markel, the insurance division of Markel Group Inc., has successfully migrated its Guidewire ClaimCenter from an on-premise system to Guidewire Cloud.

Markel transitions Guidewire ClaimCenter to the cloud to enhance claims processing

February 6, 2025

Markel, the insurance division of Markel Group Inc., has successfully migrated its Guidewire ClaimCenter from an on-premise system to Guidewire Cloud.