FinTech News

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.
Columbia Insurance Group (CIG), a mutual insurer specialising in property and casualty coverage for small and mid-sized businesses, has partnered with One Inc to implement cutting-edge solutions to enhance its policyholder experience. 

Columbia Insurance Group partners with One Inc to enhance policyholder experience

Columbia Insurance Group (CIG), a mutual insurer specialising in property and casualty coverage for small and mid-sized businesses, has partnered with One Inc to implement cutting-edge solutions to enhance its policyholder experience. 
Insurance firms have begun implementing environmental, social and governance (ESG) data into their offerings amidst a swell of pressure from stakeholders. This data is transforming underwriting profitability, enabling better risk assessments, product innovation, and regulatory compliance. 

The role of ESG data in modern insurance underwriting

Insurance firms have begun implementing environmental, social and governance (ESG) data into their offerings amidst a swell of pressure from stakeholders. This data is transforming underwriting profitability, enabling better risk assessments, product innovation, and regulatory compliance. 
Tokio Marine Holdings, a global leader in the insurance industry, has announced the appointment of Masahiro Koike as its new President and CEO.

Tokio Marine Holdings names Masahiro Koike as new CEO

Tokio Marine Holdings, a global leader in the insurance industry, has announced the appointment of Masahiro Koike as its new President and CEO.
Previsico has partnered with Descartes Underwriting to offer businesses in the UK and Ireland advanced flood warnings and swift claims payments.

Previsico and Descartes to transform flood insurance with IoT sensors and parametric solutions

Previsico has partnered with Descartes Underwriting to offer businesses in the UK and Ireland advanced flood warnings and swift claims payments
Instabase, a leading applied artificial intelligence (AI) platform for unstructured data, has announced its $100m Series D funding round.

Instabase bags $100m to expand its AI-powered data platform

Instabase, a leading applied artificial intelligence (AI) platform for unstructured data, has announced its $100m Series D funding round.
The Earnix 2024 Industry Trends report revealed that nearly 75% of insurers have hundreds of rules embedded in their underwriting systems, with 18% stating they manage thousands. This overwhelming number of rules can complicate processes and impede efficiency. In response to these stark figures, Earnix is delving into how insurers can address these complexities and streamline their underwriting processes.

Inside the growing challenge of complex underwriting rules

The Earnix 2024 Industry Trends report revealed that nearly 75% of insurers have hundreds of rules embedded in their underwriting systems, with 18% stating they manage thousands. This overwhelming number of rules can complicate processes and impede efficiency. In response to these stark figures, Earnix is delving into how insurers can address these complexities and streamline their underwriting processes.
PayPal Ventures leads $13m Series B round for InsurTech Olé Life

PayPal Ventures leads $13m Series B round for InsurTech Olé Life

Olé Life, a leading Latin American InsurTech, has raised $13m in a Series B funding round led by PayPal Ventures.
Lazada, Southeast Asia’s leading eCommerce platform, and Peak3, a global leader in InsurTech, have announced a strategic joint venture (JV) aimed at creating the region’s most advanced digital and embedded insurance ecosystem.

Lazada and Peak3 partner to launch Southeast Asia’s leading embedded insurance ecosystem

Lazada, Southeast Asia’s leading eCommerce platform, and Peak3, a global leader in InsurTech, have announced a strategic joint venture (JV) aimed at creating the...
Africa Specialty Risks (ASR), the pan-African and Middle East-focused (re)insurance group, has launched Africa Specialty Risks Mauritius as a Lloyd’s service company.

Africa Specialty Risks strengthens African reinsurance footprint with Lloyd’s service company

Africa Specialty Risks (ASR), the pan-African and Middle East-focused (re)insurance group, has launched Africa Specialty Risks Mauritius as a Lloyd’s service company.

News Stories

EQT agrees $2bn deal for McGill and Partners

EQT agrees $2bn deal for McGill and Partners

McGill and Partners, a technology-enabled specialty (re)insurance broker, has agreed to be acquired by EQT in a deal valuing the business at $2bn. The transaction...
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...
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