FinTech News

Policy Expert, one of the UK’s leading personal lines insurers covering home, motor, and pet insurance, has appointed Mark Wilson as its new chair.

Policy Expert appoints former Aviva CEO Mark Wilson as new chair

Policy Expert, one of the UK’s leading personal lines insurers covering home, motor, and pet insurance, has appointed Mark Wilson as its new chair. The...

Trucordia acquires CADA Insurance Services to expand footprint in Louisiana

Trucordia, a leading insurance provider with a team of 5,000 professionals, has announced the acquisition of CADA Insurance Services’ insurance business, further strengthening its presence in Louisiana.
European InsurTech funding 2024

France emerged as InsurTech market leader in Europe with six of the top 10...

Key European InsurTech investment stats in 2024: European InsurTech funding dropped by 21% in 2024 YoY French companies secured six of the top 10...
A recent report by Capgemini highlights that 62% of insurance executives acknowledge AI and machine learning as crucial for enhancing underwriting quality and reducing fraud. However, only 43% of underwriters consistently trust predictive analytics recommendations. This discrepancy raises an essential question: how can AI truly transform underwriting, and what trends are driving its adoption in the InsurTech industry? Custom software development company Symfa investigates.

How AI is revolutionising underwriting

A recent report by Capgemini highlights that 62% of insurance executives acknowledge AI and machine learning as crucial for enhancing underwriting quality and reducing fraud. However, only 43% of underwriters consistently trust predictive analytics recommendations. This discrepancy raises an essential question: how can AI truly transform underwriting, and what trends are driving its adoption in the InsurTech industry? Custom software development company Symfa investigates.
Skipton Building Society has announced a new partnership with Uinsure, an award-winning InsurTech provider, to offer more accessible, affordable, and streamlined home insurance for its members.

Skipton Building Society partners with Uinsure to enhance home insurance accessibility

Skipton Building Society has announced a new partnership with Uinsure, an award-winning InsurTech provider, to offer more accessible, affordable, and streamlined home insurance for its members.
Brooks Insurance, a nationally recognised wholesale insurance brokerage, has announced the appointment of Tiffani Ann Garabedian as senior vice president of underwriting, effective immediately.

Brooks Insurance expands underwriting division with key hire

Brooks Insurance, a nationally recognised wholesale insurance brokerage, has announced the appointment of Tiffani Ann Garabedian as senior vice president of underwriting, effective immediately.
Clearcover, a digital-first InsurTech company focused on modernising car insurance, has announced the launch of Clearcover General Agency (CGA) to serve the non-standard auto insurance market in Texas.

Clearcover launches General Agency to bring digital-first insurance to Texas drivers

Clearcover, a digital-first InsurTech company focused on modernising car insurance, has announced the launch of Clearcover General Agency (CGA) to serve the non-standard auto insurance market in Texas.
Home insurance startup Openly, which specialises in distributing policies through independent agents, has secured $193m in a growth financing round to fuel its expansion efforts.

InsurTech firm Openly secures $193m to expand homeowners’ insurance

Home insurance startup Openly, which specialises in distributing policies through independent agents, has secured $193m in a growth financing round to fuel its expansion...
FullCircl backs BIBA 2025 Manifesto, calls for regulatory and tech advancements

FullCircl backs BIBA 2025 Manifesto, calls for regulatory and tech advancements

BIBA has unveiled its 2025 Manifesto, "Partnering to Deliver More Value," at the Houses of Parliament, reinforcing the critical role insurance plays in the UK economy.
Alta Signa has added Westfield Specialty International to its insurance capacity panel, enhancing its ability to underwrite Directors & Officers (D&O) and Financial Institutions (FI) risks across the European Economic Area (EEA) and Switzerland.

Alta Signa expands insurance capacity with Westfield Specialty International partnership

Alta Signa has added Westfield Specialty International to its insurance capacity panel, enhancing its ability to underwrite Directors & Officers (D&O) and Financial Institutions (FI) risks across the European Economic Area (EEA) and Switzerland.

News Stories

Capricorn Mutual completes Duck Creek platform go-live

Capricorn Mutual completes Duck Creek platform go-live

Aggne, a Wipro company and insurance technology services provider, has confirmed the successful go-live of Capricorn Mutual, the member-owned risk protection organisation, on Duck...
Why rating engines are becoming insurers' decision hub

Why rating engines are becoming insurers’ decision hub

Pricing technology is moving beyond its traditional home in actuarial and underwriting teams. Rating engines are increasingly being used by marketing, innovation and product...
AML

Why underwriting data holds the key to spotting AML risk

Insurance houses across South Africa are pouring money into anti-financial crime tools, yet heavy spending alone is not solving the problem. Effectiveness, particularly at...
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...
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