FinTech News

Insuritas, a prominent embedded insurance provider for financial institutions, has partnered with Recoop Disaster Insurance, a company that offers multi-peril disaster insurance coverage.

Insuritas partners with Recoop to enhance financial institutions’ disaster insurance offerings

Insuritas, a prominent embedded insurance provider for financial institutions, has partnered with Recoop Disaster Insurance, a company that offers multi-peril disaster insurance coverage.
Ushur, a leader in AI-powered Customer Experience Automation (CXA), has announced the launch of its new end-to-end solution designed specifically for insurance carriers offering group and worksite benefits.

Ushur enhances customer experience with new end-to-end solution for insurance carriers

Ushur, a leader in AI-powered Customer Experience Automation (CXA), has announced the launch of its new end-to-end solution designed specifically for insurance carriers offering group and worksite benefits.
RT Specialty, a leading wholesale distributor of specialty insurance products and services, has announced several leadership team appointments effective October 1, 2024.

RT Specialty announces swathe of leadership team appointments

RT Specialty, a leading wholesale distributor of specialty insurance products and services, has announced several leadership team appointments effective October 1, 2024.
RT Specialty, a leading wholesale distributor of specialty insurance products and services, has announced several leadership team appointments effective October 1, 2024.

Xceedance strengthens personal lines underwriting with acquisition of Millennium Information Services

Xceedance, a global provider of consulting, technology, operations support, and data solutions, has acquired Millennium Information Services to accelerate its expansion in the personal lines sector. 
Axis Insurance Managers Inc., an award-winning Canadian brokerage firm, has announced its acquisition of O'Neill Group, one of British Columbia's leading employee group benefits, life insurance, and wealth advisory firms.

Axis Insurance acquires O’Neill Group to expand wealth and benefits services

Axis Insurance Managers Inc., an award-winning Canadian brokerage firm, has announced its acquisition of O'Neill Group, one of British Columbia's leading employee group benefits, life insurance, and wealth advisory firms.
Responding to governance events, like audits, investigations and e-discovery, in the era of unified communications and collaboration (UCC) is hard. IT stakeholders, such as those responsible for compliance archive storage and architecture, responding to search requests from compliance and legal, are overwhelmed by the volume and complexity of today’s modern communications and by the constraints of heritage archiving investments. Unfortunately for those involved, both on the IT and compliance/legal side, search and discovery might consist of a “best guess” effort making it challenging to identify risk or wrongdoing, form a judgment on the merits of a case and at its worse, suffer fines, sanctions, negative verdicts and damage to the organization’s brand and reputation. The volume of communications for today’s organizations come in the form of textual communications like email, chat, SMS, documents, voice communications and even visual communications like whiteboards or video. In a large organization, with thousands of employees working across multiple communications platforms, content growth can be exponential. UCC content is also complex. Textual content like chat and email can be embedded with emojis, reactions, images, memes, file attachments and more. All of this needs to be searched and analyzed for potential risk and signals of intent during a digital conversation as rogue users can look to obfuscate their communications behind these tools. Users today often context switch between multiple applications during a conversation. What starts out as a virtual meeting can segue to SMS, a phone call, an email or other forms of communication. In addition, chat conversations can be persistent and take place over days, weeks, months, even years, making it very difficult to encapsulate conversation patterns, relationships, intent and more. Finally, adding to the complexity level, UCC platforms are increasingly meshed, meaning they provide the ability to switch to a different modality (voice, video, etc.) or even a different platform for doing so. How can compliance IT teams keep up? Legacy approaches to managing regulated data - such as email and voice archives - are struggling to adapt to today’s modern communication requirements. These archive systems can serve as containers for regulated information to be safeguarded and locked away, but with enormous and numerous trade offs. These include redundant costs, loss of productivity, and increasing complexity, as they grapple to meet the constant evolution of changing UCC platforms and their continual improvements and feature additions. Responding to governance events can also mean that compliance IT stakeholders must pivot between these archive silos, conducting multiple search attempts and results and manually assembling a case or data investigation set. In addition, legacy systems lack the capability to capture and retain communications with full context across all UCC modalities, making it very difficult for compliance, legal and risk teams to piece together a digital conversation that as mentioned, can encompass text, voice and visual communications. Keyword search, the historical and primary means of navigating archived email conversations, is inadequate as a standalone capability in the face of today’s volume and complexity challenges, making it challenging to respond to external and internal requests for information. All of this is compounded by constrained time frames, such as when dictated by a judge’s or regulatory body’s order. UnifiedComms_Laptop In response to this, Theta Lake has developed Unified Search, Discovery and Replay. With it, organizations can: Efficiently aggregate all of the necessary data, across different modalities, meshed environments and timelines providing a complete “big picture” Deliver a unified view of a user across their various digital identities, to eliminate gaps during investigations Identify conversation patterns and outliers/suspicious patterns in communications to enable further drill down Review associated documents and access patterns and histories associated with communications investigations Theta Lake Unified Search, Discovery and Replay uses a variety of technologies, including Generative AI, visualizations, dashboards and digital identity mapping along with rapid and accurate keyword search to help organizations produce the necessary records and search results, without over collecting data to help compliance, legal and risk management teams respond quickly to governance events.

Pouch Insurance unleashes multilingual AI tool

Pouch Insurance, leveraging the capabilities of the INSTANDA no-code insurance platform, has introduced a pioneering AI assistant named 'Goodie'.
Xceedance bolsters inspection capabilities with Millennium Information Services acquisition

Xceedance bolsters inspection capabilities with Millennium Information Services acquisition

Xceedance, a global leader in insurance-focused consulting, technology, operations support, and data solutions, has acquired Millennium Information Services, a major player in property inspection and data analytics in the US.
Narayana One Health, a health and wellness platform in India, has partnered with dacadoo, a global digital health technology provider, to promote better health outcomes for users by providing personalised, data-driven insights.

Narayana One Health partners with dacadoo to launch digital health score for personalised wellness

Narayana One Health, a health and wellness platform in India, has partnered with dacadoo, a global digital health technology provider, to promote better health...
Sompo, a prominent global provider of commercial and consumer property and casualty (re)insurance, has launched a new national marine insurance proposition tailored for the United Kingdom.

Sompo launches national marine insurance product for the UK market

Sompo, a prominent global provider of commercial and consumer property and casualty (re)insurance, has launched a new national marine insurance proposition tailored for the United Kingdom.
Berkshire Hathaway Specialty Insurance (BHSI), a global insurance provider, has announced the opening of a new office in Milan as part of its European expansion.

BHSI expands European operations with Italian office

Berkshire Hathaway Specialty Insurance (BHSI), a global insurance provider, has announced the opening of a new office in Milan as part of its European expansion.
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Duck Creek Technologies, an intelligent solutions provider shaping the future of property and casualty (P&C) and general insurance, has launched its latest insurance-focused payments solution to modernise and simplify payment processes for insurance carriers.

Duck Creek Technologies introduces Payments Facilitator to streamline insurance transactions

Duck Creek Technologies, an intelligent solutions provider shaping the future of property and casualty (P&C) and general insurance, has launched its latest insurance-focused payments solution to modernise and simplify payment processes for insurance carriers.
The Open Carbon Protocol (OCP) has announced a strategic partnership with Kita to improve the credibility and integrity of carbon credit transactions.

The Open Carbon Protocol partners with Kita to boost transparency in carbon credit markets

The Open Carbon Protocol (OCP) has announced a strategic partnership with Kita to improve the credibility and integrity of carbon credit transactions. The primary goal...
RSA Insurance, a leading provider of insurance products and services, has launched a new financial risks product called Directors' and Officers' (D&O) Protection.

RSA expands financial risks offering with new D&O protection product

RSA Insurance, a leading provider of insurance products and services, has launched a new financial risks product called Directors' and Officers' (D&O) Protection.
Quantee, a dynamic provider of pricing solutions, is set to help Agria achieve pricing excellence throughout its next stage of growth in Sweden and across Europe.

Quantee collaborates with Agria to revolutionise pet insurance in Sweden and beyond

Quantee, a dynamic provider of pricing solutions, is set to help Agria achieve pricing excellence throughout its next stage of growth in Sweden and across Europe.
Saudi Reinsurance Company (Saudi Re), a leading reinsurer in the Middle East, has appointed Ahmed Al-Jabr as its new chief executive officer (CEO), effective from 1st October 2024.

Saudi Re appoints new CEO as it looks to reinforce its competitive position

Saudi Reinsurance Company (Saudi Re), a leading reinsurer in the Middle East, has appointed Ahmed Al-Jabr as its new chief executive officer (CEO), effective from 1st October 2024.
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