FinTech News

Eric Coleman takes the helm as president of business insurance at Farmers Insurance

Eric Coleman takes the helm as president of business insurance at Farmers Insurance

Farmers Insurance announced the significant appointment of Eric Coleman as President of Business Insurance.
Harnessing GenAI: Strategies for integrating transformative technology in business

Harnessing GenAI: Strategies for integrating transformative technology in business

Generative AI, or GenAI, has rapidly shifted from a mere discussion point to a pivotal tool in business innovation, offering unprecedented efficiency and smart solutions. Ilya Mokin, head of R&D at Symfa, shares insights into integrating a ChatGPT bot within their in-house ERP system, highlighting the potential and challenges of custom on-demand reports and analytics.
The role of LLMs in enhancing BFSI operational efficiency and customer service

The role of LLMs in enhancing BFSI operational efficiency and customer service

The advent of generative AI is not just a futuristic vision but a present reality transforming how businesses communicate with customers. This cutting-edge technology, underpinned by large language models (LLMs) like GPT-4, BERT, ELECTRA, and RoBERTa, is setting new standards for customer interaction and service delivery. It enables systems that not only manage communications but also predict and adapt to customer needs with unprecedented personalization and efficiency.
InsurTech bolt welcomes SaaS veteran Matt More to executive team

InsurTech bolt welcomes SaaS veteran Matt More to executive team

bolt, an InsurTech leader with the largest technology-enabled insurance exchange in the US, today announced the significant appointment of Matt More as the Chief Financial Officer (CFO) for North America.
Juniper pioneers in reproductive health with innovative insurance coverage

Juniper pioneers in reproductive health with innovative insurance coverage

Juniper has identified a significant gap in the health insurance market by offering comprehensive reproductive insurance, a critical area often overlooked by conventional health plans.
Slice expands contractor insurance across 47 states with top-rated PHLY coverage

Slice expands contractor insurance across 47 states with top-rated PHLY coverage

Slice Labs (Slice), a leading innovator in the InsurTech sector, has expanded into seven additional states and the District of Columbia. This expansion is supported...

Previsico welcomes Aleksander Surowiak as head of sales to propel InsurTech growth

Previsico, the innovative live flood forecasting InsurTech, has recently expanded its leadership team by appointing Aleksander Surowiak as the new Head of Sales.
New legal expense insurance for digital asset theft unveiled by M2 Recovery

New legal expense insurance for digital asset theft unveiled by M2 Recovery

M2 Recovery, a prominent InsurTech firm, has recently unveiled a novel insurance product specifically designed to address the legal expenses associated with the recovery of stolen digital assets.
Embedded InsurTech Laka gains significant funding from Achmea Innovation Fund

Embedded InsurTech Laka gains significant funding from Achmea Innovation Fund

Achmea Innovation Fund has recently placed a significant investment in Laka, a pioneering InsurTech startup based in London.
The Black Car Fund, a not-for-profit organisation established by New York State, has announced its partnership with CLARA Analytics, a leader in the application of artificial intelligence in the insurance sector.

The Black Car Fund adopts CLARA Analytics AI to enhance claims management and accuracy

The Black Car Fund, a not-for-profit organisation established by New York State, has announced its partnership with CLARA Analytics, a leader in the application of artificial intelligence in the insurance sector.

News Stories

Starwind Specialty Insurance Services, a subsidiary of TIH, has partnered with Stone Point Credit to launch Fractal Re, a newly formed collateralised reinsurer.

Starwind partners with Stone Point Credit to launch $270m reinsurer Fractal Re

Starwind Specialty Insurance Services, a subsidiary of TIH, has partnered with Stone Point Credit to launch Fractal Re, a newly formed collateralised reinsurer.
US-based InsurTech managing general agent, Ledgebrook, has secured $17m in a Series B funding round.

US InsurTech Ledgebrook secures $17m Series B to accelerate growth

US-based InsurTech managing general agent, Ledgebrook, has secured $17m in a Series B funding round.
Rising delinquencies across all consumer lending lines have become a significant concern, as highlighted by the Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion. This uptick in defaults, alongside intensifying competition, shrinking profit margins, and increasing financial pressures, is pushing lenders to reassess their pricing and credit risk strategies. 

How Earnix is transforming consumer lending

Rising delinquencies across all consumer lending lines have become a significant concern, as highlighted by the Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion. This uptick in defaults, alongside intensifying competition, shrinking profit margins, and increasing financial pressures, is pushing lenders to reassess their pricing and credit risk strategies. 
California leads US InsurTech market in H1 2024 as deals drop 60% YoY

California retained top spot as US InsurTech deals and investments plummeted in H1

California retained top spot as US InsurTech deals and investments plummeted in H1 Key US InsurTech investment stats in H1 2024: US InsurTech deal activity...
In today’s dynamic retail environment, acquiring new customers is more challenging and essential than ever. Simply increasing spending isn’t enough—success depends on balancing customer growth with effective cost management. Zurich-based technlogy firm dacadoo delves into seven strategies that can help retailers achieve this balance while keeping Customer Acquisition Costs (CAC) in check.

7 effective strategies for retail customer acquisition

In today’s dynamic retail environment, acquiring new customers is more challenging and essential than ever. Simply increasing spending isn’t enough—success depends on balancing customer growth with effective cost management. Zurich-based technlogy firm dacadoo delves into seven strategies that can help retailers achieve this balance while keeping Customer Acquisition Costs (CAC) in check.

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