FinTech News

mTek, a Kenyan-based InsurTech firm, has secured an investment of $1.25m (KSh 167.8m) to advance its expansion plans within the Kenyan and East African insurance markets.

African Risk Capacity (ARC) announces pair of new additions to its board

African Risk Capacity (ARC), a renowned insurance firm, has announced a pair of additions to its board.
Amidst the growing call to enhance the customer experience, many believe the time is now to incorporate artificial intelligence (AI) across the entire customer lifecycle. However, while this technological advancement holds immense promise, concerns have emerged regarding the potential detachment from human interaction, which some consumers may find disconcerting. Several industry experts weighed in on the debate as part of the Professional InsurTech Certificate course.

Is human interaction a vital component of your claims process?

Amidst the growing call to enhance the customer experience, many believe the time is now to incorporate artificial intelligence (AI) across the entire customer lifecycle. However, while this technological advancement holds immense promise, concerns have emerged regarding the potential detachment from human interaction, which some consumers may find disconcerting. Several industry experts weighed in on the debate as part of the Professional InsurTech Certificate course.
Munich Re HealthTech, a leading software technology provider in the health insurance industry, has announced the promotion of Bilal Ramadan to Chief Executive Officer.

Munich Re HealthTech promotes Bilal Ramadan to CEO

Munich Re HealthTech, a leading software technology provider in the health insurance industry, has announced the promotion of Bilal Ramadan to Chief Executive Officer.
Nuvo, a B2B trade credit tech platform, has announced a strategic integration with Allianz Trade in North America, the global leader in trade credit insurance.

Nuvo enhances trade credit platform with insurance policy management for Allianz Trade customers

Nuvo, a B2B trade credit tech platform, has announced a strategic integration with Allianz Trade in North America, the global leader in trade credit insurance.
Sostengo, a Salvadoran InsurTech, has secured $3.8m in its latest funding round as it looks to expand its digital insurance solutions to underserved markets.

Salvadoran InsurTech Sostengo secures $3.8m in funding round

Sostengo, a Salvadoran InsurTech, has secured $3.8m in its latest funding round as it looks to expand its digital insurance solutions to underserved markets.
Simplifai, the secure AI automation provider, has been chosen by ERV Nordic to enhance the efficiency of their travel insurance claims handling processes.

ERV Nordic chooses Simplifai to automate their claims management

Simplifai, the secure AI automation provider, has been chosen by ERV Nordic to enhance the efficiency of their travel insurance claims handling processes.
71% of decision-makers within the insurance industry have expressed their unhappiness with the significant effort required to initiate and digitally launch updated insurance programs.

71% of insurance decision-makers unhappy with effort required to digitally launch programs

71% of decision-makers within the insurance industry have expressed their unhappiness with the significant effort required to initiate and digitally launch updated insurance programs.
Starr Insurance, a renowned player in the insurance industry, has expanded its portfolio with the introduction of a new division aimed at catering to the needs of the wholesale market.

Starr Insurance introduces Twin Maples Specialty division for wholesale market

Starr Insurance, a renowned player in the insurance industry, has expanded its portfolio with the introduction of a new division aimed at catering to the needs of the wholesale market.
Encova Insurance, a super-regional property and casualty (P&C) insurer, has selected Guidewire to help streamline its core business operations and enhance its digital capabilities.

Encova Insurance selects Guidewire Cloud to modernise technology and optimise resources

Encova Insurance, a super-regional property and casualty (P&C) insurer, has selected Guidewire to help streamline its core business operations and enhance its digital capabilities.
In today's rapidly evolving digital landscape, leveraging cutting-edge technologies like Generative AI (GenAI) holds immense potential for businesses. However, ensuring success with GenAI implementation within Enterprise Resource Planning (ERP) systems comes with its own set of challenges and considerations.

How to avoid failure when implementing GenAI

In today's rapidly evolving digital landscape, leveraging cutting-edge technologies like Generative AI (GenAI) holds immense potential for businesses. However, ensuring success with GenAI implementation within Enterprise Resource Planning (ERP) systems comes with its own set of challenges and considerations.

News Stories

Acrisure's Auris AI targets insurance's data silos

Acrisure’s Auris AI targets insurance’s data silos

Acrisure, the global FinTech group spanning insurance, reinsurance, payroll, benefits, cybersecurity and real estate services across 19 countries, has launched Auris AI, an applied...
Agero, MOTER team up on connected claims

Agero, MOTER team up on connected claims

Agero, a digital driver assistance provider operating through its recently acquired Urgently platform, and MOTER Technologies (MOTER), an InsurTech firm that converts connected vehicle...

AXA expands AI agent hub with Publicis Sapient

AXA, the global insurance and asset management group, has entered into a strategic partnership with Publicis Sapient, a technology company specialising in enterprise AI...

intellectAI Insurance’s month of listening exposes wholesale broking’s data gap

IntellectAI has used its Broker Appreciation Month (BAM) campaign, which ran throughout July, to surface the operational friction still holding back wholesale insurance distribution,...
What music can teach insurance actuaries

Actuaries and music: a mathematical connection

Actuaries and musicians may work in very different fields, but both rely on patterns, interpretation and judgement. At Akur8, several actuaries say their experience with...
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