FinTech News

BOXX Insurance, a leading global cyber InsurTech, has appointed Erik Tifft as head of products, alongside Jim Miller and Gil Cujcuj as distribution leaders for the east and west regions, respectively.

BOXX Insurance expands US team with new product head and distribution leaders

BOXX Insurance, a leading global cyber InsurTech, has appointed Erik Tifft as head of products, alongside Jim Miller and Gil Cujcuj as distribution leaders...
Jove, a London-based InsurTech, has unveiled its innovative Pan-European Business Liability Insurance product.

Jove launches groundbreaking Pan-European Business Liability Insurance

Jove, a London-based InsurTech, has unveiled its innovative Pan-European Business Liability Insurance product.
The insurance sector is undergoing a transformative shift, driven by the surge in artificial intelligence (AI) solutions. Vendors are flooding the market, each boasting capabilities to revolutionise claims processing, enhance efficiency, and unlock business value. While this wave of innovation presents immense opportunities, it also brings a significant challenge: selecting the right AI partner from a crowded and competitive field. For decision-makers, this choice could make or break operational success.

A guide to selecting reliable AI vendors in insurance

The insurance sector is undergoing a transformative shift, driven by the surge in artificial intelligence (AI) solutions. Vendors are flooding the market, each boasting capabilities to revolutionise claims processing, enhance efficiency, and unlock business value. While this wave of innovation presents immense opportunities, it also brings a significant challenge: selecting the right AI partner from a crowded and competitive field. For decision-makers, this choice could make or break operational success.
Qumis, an innovative AI-powered platform designed to assist insurance professionals, has announced the successful closure of a $2.2m pre-seed funding round.

Qumis secures $2.2m to transform insurance workflows with AI

Qumis, an innovative AI-powered platform designed to assist insurance professionals, has announced the successful closure of a $2.2m pre-seed funding round.
Cytora, a digital risk processing platform, has partnered with Smarty, a leading provider of property data solutions, to transform property risk evaluation processes for insurers.

Cytora and Smarty partner to revolutionise property risk evaluation for insurers

Cytora, a digital risk processing platform, has partnered with Smarty, a leading provider of property data solutions, to transform property risk evaluation processes for...
WTW, a global advisory, broking and solutions company, has announced the appointment of Mark Mamone as head of technology delivery and strategy within its insurance consulting and technology (ICT) business.

WTW appoints Mark Mamone to lead technology delivery and strategy

WTW, a global advisory, broking and solutions company, has announced the appointment of Mark Mamone as head of technology delivery and strategy within its insurance consulting and technology (ICT) business.
InsurTech investment trends

US firms dominate InsurTech market securing half of the top 10 deals in 2024

Key Global InsurTech investment stats in 2024: Global InsurTech funding dropped by 35% YoY US firms dominated the InsurTech market securing half of the...
Budget Direct Insurance, a prominent digital insurer in Singapore, has unveiled its new Commercial Vehicle Insurance product.

Budget Direct Insurance unveils new commercial vehicle insurance product for small businesses

Budget Direct Insurance, a prominent digital insurer in Singapore, has unveiled its new Commercial Vehicle Insurance product.
SBLI, The Savings Bank Mutual Life Insurance Company of Massachusetts, is set to transform life underwriting by leveraging Swiss Re’s Underwriting Ease solution through a new partnership with the leading global reinsurer.

SBLI partners with Swiss Re to transform life insurance underwriting

SBLI, The Savings Bank Mutual Life Insurance Company of Massachusetts, is set to transform life underwriting by leveraging Swiss Re’s Underwriting Ease solution through...
FCCI Insurance Group has significantly enhanced its customer service capabilities by implementing Glia’s advanced contact centre solution.

FCCI upgrades customer service with Glia’s advanced contact centre solution

FCCI Insurance Group has significantly enhanced its customer service capabilities by implementing Glia’s advanced contact centre solution.

News Stories

Can actuaries trust AI models?

Can actuaries trust AI models?

InsurTech firm Akur8 is taking a controlled approach to AI adoption in insurance: if using AI for actuarial work is possible and even necessary...
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...
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