FinTech News

ICICI Prudential Life Insurance, a leading Indian insurance provider, has introduced a new initiative to pass on the full benefit of the recent GST exemption to its customers, aiming to make term insurance plans more affordable.

ICICI Prudential reduces term insurance premiums for customers

ICICI Prudential Life Insurance, a leading Indian insurance provider, has introduced a new initiative to pass on the full benefit of the recent GST...
The London Market’s digital transformation is no longer about if, but how quickly it can happen. Central to this is Blueprint Two, Lloyd’s flagship modernisation programme, which aims to replace legacy friction with streamlined, scalable operations. By adopting a unified, data-driven approach, it seeks to improve efficiency and client outcomes. Recent delays, however, have reignited market tensions and raised questions around pace, priorities, and readiness. Premium InsurTech Novidea examines these setbacks.

Lloyd’s Blueprint Two London Market guide

The London Market’s digital transformation is no longer about if, but how quickly it can happen. Central to this is Blueprint Two, Lloyd’s flagship...
Saudi-based InsurTech startup Najeeb.ai has secured an undisclosed pre-seed funding round from local and regional angel investors, the company announced.

Saudi InsurTech Najeeb.ai raises pre-seed for AI growth

Saudi-based InsurTech startup Najeeb.ai has secured an undisclosed pre-seed funding round from local and regional angel investors, the company announced. The funding will support the...
MoneyHero Group has announced the launch of Project Odyssey, a company-wide artificial intelligence (AI) initiative aimed at accelerating growth and improving margins through automation and conversational technology.

MoneyHero rolls out Project Odyssey for AI transformation

MoneyHero Group has announced the launch of Project Odyssey, a company-wide artificial intelligence (AI) initiative aimed at accelerating growth and improving margins through automation...

Turning AI promise into business performance

Artificial intelligence (AI) has moved from hype to boardroom priority in financial services and insurance, but the challenge now lies in translating potential into...
The insurance sector is grappling with a rapidly changing environment, driven by technological advancements, shifting customer expectations, and economic pressures. Amid this dynamic maelstrom, achieving sustainable profitability has become more important than ever, according to Earnix.

How insurers can secure sustainable profitability in 2025

The insurance sector is grappling with a rapidly changing environment, driven by technological advancements, shifting customer expectations, and economic pressures. Amid this dynamic maelstrom,...
OpenDialog, an AI Agent platform transforming customer journeys across the insurance industry, has launched Rhea, an AI-powered re-engagement agent designed to help insurers recover customers who abandon their quote process before completion.

OpenDialog unveils Rhea to boost insurer conversions

OpenDialog, an AI Agent platform transforming customer journeys across the insurance industry, has launched Rhea, an AI-powered re-engagement agent designed to help insurers recover...
Majesco, a leading provider of cloud-native, AI-driven software for the insurance industry, has launched the MGA Model Office, a pre-configured system within its P&C CoreConnect platform designed to transform how managing general agents (MGAs) operate.

Majesco launches MGA Model Office to streamline underwriting

Majesco, a leading provider of cloud-native, AI-driven software for the insurance industry, has launched the MGA Model Office, a pre-configured system within its P&C...
A single claim used to take an hour to process. Now it takes four minutes. In a quiet corner of the office, the hum of computers has replaced the shuffle of papers, and the decisions once made by teams are executed by an AI agent with surgical precision.

How Majesco cuts insurance claims from an hour to four minutes

A single claim used to take an hour to process. Now it takes four minutes. In a quiet corner of the office, the hum...
When generic AI isn’t enough: why insurance needs its own brain

When generic AI isn’t enough: why insurance needs its own brain

Insurance companies may be eager to adopt generative AI capabilities, but generic models often fail to grasp the industry’s complexities
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Building a strong pricing model remains a core responsibility for actuarial teams, but creating an accurate model is only the beginning. Before pricing changes can generate measurable business value, they must navigate data pipelines, product requirements, governance reviews, IT systems and deployment workflows. Increasingly, that journey involves far more than actuaries alone.

Why insurers risk delays when pricing teams work in silos

Building a strong pricing model remains a core responsibility for actuarial teams, but creating an accurate model is only the beginning. Before pricing changes...
Auto lenders are being forced to rethink long-standing pricing strategies as affordability concerns, rising portfolio risks and intensifying competition reshape the lending landscape, according to Earnix.

Why traditional auto lending pricing is reaching its limits

Auto lenders are being forced to rethink long-standing pricing strategies as affordability concerns, rising portfolio risks and intensifying competition reshape the lending landscape, according...
Admiral Group has completed its acquisition of connected fleet insurance provider Flock, bringing the InsurTech's AI-powered telematics platform into the insurer's commercial motor business.

Admiral finalises Flock deal to expand telematics capability

Admiral Group has completed its acquisition of connected fleet insurance provider Flock, bringing the InsurTech's AI-powered telematics platform into the insurer's commercial motor business. The...
Professional services firm WTW has launched a new workforce transformation offering designed to help organisations identify where artificial intelligence can deliver the greatest productivity gains and support wider adoption across the business.

WTW introduces AI workforce solution for business leaders

Professional services firm WTW has launched a new workforce transformation offering designed to help organisations identify where artificial intelligence can deliver the greatest productivity...
Digital insurer Honeycomb Insurance has raised an additional $40m in funding as it looks to expand its geographical footprint, enhance its underwriting technology and broaden its product offering.

AI InsurTech Honeycomb secures $40m to fuel expansion

Digital insurer Honeycomb Insurance has raised an additional $40m in funding as it looks to expand its geographical footprint, enhance its underwriting technology and...
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