FinTech News

Canara HSBC Life Insurance is launching a Generative AI-driven underwriting solution to enhance precision, efficiency, and scalability in life insurance underwriting processes.

Canara HSBC Life Insurance debuts Generative AI-driven underwriting solution

Canara HSBC Life Insurance is launching a Generative AI-driven underwriting solution to enhance precision, efficiency, and scalability in life insurance underwriting processes.  The product, known...
Everest, a global reinsurance and insurance leader, has announced its entry into the Italian market, as it looks to scale its presence across Europe.

Everest enters Italian market with new Milan base

Everest, a global reinsurance and insurance leader, has announced its entry into the Italian market, as it looks to scale its presence across Europe.
US InsurTech deal activity declines by 51% YoY in Q3 2024 despite funding surge

US InsurTech funding doubled in Q3 YoY as investors back fewer but larger deals

Key United States InsurTech investment stats in Q3 2024: United States InsurTech funding doubled in Q3 YoY Deal activity halved in Q3 as investors...
CoverGo, an InsurTech company offering end-to-end digital solutions for the insurance industry, has announced the appointment of Louis Lee as managing director, APAC.

CoverGo strengthens APAC operations with Louis Lee as managing director

CoverGo, an InsurTech company offering end-to-end digital solutions for the insurance industry, has announced the appointment of Louis Lee as managing director, APAC.
Akur8, a leading provider of AI-powered pricing and reserving software, has announced that Michael Kraus, founder of 9elf26 and former CEO of NOVUM, has joined the company as a strategic advisor for the German insurance market.

Akur8 welcomes Michael Kraus as strategic advisor for German insurance market

Akur8, a leading provider of AI-powered pricing and reserving software, has announced that Michael Kraus, founder of 9elf26 and former CEO of NOVUM, has joined the company as a strategic advisor for the German insurance market.
Poncho, a Swiss startup specialising in weather-based refunds for outdoor experiences, has raised $617,000 in seed funding.

Weather InsurTech Poncho secures $617k seed funding from WeBuild Ventures

Poncho, a Swiss startup specialising in weather-based refunds for outdoor experiences, has raised $617,000 in seed funding.
Embri, a trailblazer in embedded insurance, has announced an exciting expansion to its portfolio with the inclusion of embedded bike and high-end tech insurance.

Embri expands embedded insurance offerings to include bikes and high-end tech

Embri, a trailblazer in embedded insurance, has announced an exciting expansion to its portfolio with the inclusion of embedded bike and high-end tech insurance.
Specialist personal lines broker Ceta has announced a new partnership with software solutions provider Open GI to boost the number of products it can offer on its platform. 

Ceta partners with Open GI to expand insurance product offerings

Specialist personal lines broker Ceta has announced a new partnership with software solutions provider Open GI to boost the number of products it can offer on its platform. 
Neutrinos has launched a new product designed to streamline and accelerate automation journeys across the insurance value chain.

Neutrinos launches new marketplace to accelerate insurance automation

Neutrinos has launched a new product designed to streamline and accelerate automation journeys across the insurance value chain.
One Inc, the leading payments network for the insurance industry, has announced a partnership with U.S. Bank to deliver a unified payment experience tailored to Property & Casualty (P&C) and Life insurers.

One Inc and U.S. Bank partner to revolutionise insurance payments

One Inc, the leading payments network for the insurance industry, has announced a partnership with U.S. Bank to deliver a unified payment experience tailored to Property...

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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