Auto Insurance

Insurtech UK has published its Roadmap of recommendations for policy-makers to retain and strengthen the UK’s leading global status in insurance innovation.

Insurtech UK unveils Roadmap to strengthen the nation’s global insurance status

Insurtech UK has published its Roadmap of recommendations for policy-makers to retain and strengthen the UK’s leading global status in insurance innovation.
Imagine filing an insurance claim from your phone, tracking its progress, and resolving everything within days. It might sound like a mirage, but this is already happening. The insurance industry, once known for its slow and outdated processes, is undergoing a significant transformation thanks to rapid advancements in technology and innovative tech-driven solutions. 

How technology is transforming the insurance sector

Imagine filing an insurance claim from your phone, tracking its progress, and resolving everything within days. It might sound like a mirage, but this is already happening. The insurance industry, once known for its slow and outdated processes, is undergoing a significant transformation thanks to rapid advancements in technology and innovative tech-driven solutions. 
OpenRoad Insurance partners with Majesco to revolutionise collector vehicle insurance

OpenRoad Insurance partners with Majesco to revolutionise collector vehicle insurance

OpenRoad Insurance, an emerging collector vehicle insurer, has teamed up with Majesco, a renowned provider of cloud insurance platform software. Majesco announced that OpenRoad Insurance...
Stellantis and bolt drive customer choice with new embedded insurance program

Stellantis and bolt drive customer choice with new embedded insurance program

Stellantis Financial Services US and bolt have embarked on a strategic partnership to revolutionize the automotive insurance sector.
Sonnet to phase out auto insurance in Alberta, continues other services

Sonnet to phase out auto insurance in Alberta, continues other services

Sonnet Insurance Company has declared its intention to exit the auto insurance sector in Alberta after a detailed analysis of its operations within the province.
Motor claims processing has become a crucial component of the insurance industry due to its high volume, significant impact on customer satisfaction, and financial implications. With the frequent occurrence of vehicle-related incidents, insurers must efficiently manage numerous claims to maintain operational effectiveness. The speed and accuracy of claims handling directly influence customer satisfaction and loyalty – and Generative AI may be the future, as Simplifai explains.

How Generative AI is transforming motor insurance claims

Motor claims processing has become a crucial component of the insurance industry due to its high volume, significant impact on customer satisfaction, and financial implications. With the frequent occurrence of vehicle-related incidents, insurers must efficiently manage numerous claims to maintain operational effectiveness. The speed and accuracy of claims handling directly influence customer satisfaction and loyalty – and Generative AI may be the future, as Simplifai explains.
Stride, a leader in providing benefits for independent workers, has announced a new partnership with Roadie, a logistics platform with over 200,000 drivers across the USA.

Stride partners with Roadie to provide benefits for 200,000 independent drivers

Stride, a leader in providing benefits for independent workers, has announced a new partnership with Roadie, a logistics platform with over 200,000 drivers across the USA.
ABAX, a leading provider of fleet management solutions, has announced the launch of Fair Car Insurance for the Norwegian market.

ABAX introduces Fair Car Insurance to the Norwegian market

ABAX, a leading provider of fleet management solutions, has announced the launch of Fair Car Insurance for the Norwegian market.
Open Road Insurance has announced its formation as a managing general agency (MGA) focusing on collector vehicle auto insurance.

Open Road to enter into collector vehicle insurance market

Open Road Insurance has announced its formation as a managing general agency (MGA) focusing on collector vehicle auto insurance.
FloodFlash, a leading provider of parametric flood insurance solutions, has recently launched its Dealer Open Lot program in response to the urgent need to support US businesses, particularly auto dealers, facing the looming threat of severe flooding during the upcoming hurricane season.

FloodFlash unveils sensor-enabled parametric flood insurance for US auto dealers

FloodFlash, a leading provider of parametric flood insurance solutions, has recently launched its Dealer Open Lot program in response to the urgent need to support US businesses, particularly auto dealers, facing the looming threat of severe flooding during the upcoming hurricane season.

News Stories

Irish InsurTech Kayna joins Guidewire Vanguards programme

Irish InsurTech Kayna joins Guidewire Vanguards programme

Kayna, an embedded insurance distribution platform headquartered in Cork, Ireland, has been accepted into the Guidewire InsurTech Vanguards programme, run by property and casualty...
Adaptive Insurance taps ZestyAI for storm risk underwriting

Adaptive Insurance taps ZestyAI for storm risk underwriting

Adaptive Insurance, a specialist provider of climate-focused insurance products, has selected ZestyAI, an AI-powered risk and decision intelligence platform, to integrate property-level storm risk...
Insurance CEO views agentic AI

Insurance CEOs identify agentic AI as a value driver with 44% expecting major benefits

KPMG's Insurance CEO Outlook surveyed 110 insurance CEOs across 11 markets, all leading organisations with revenues above $500m 44% of CEOs expect agentic...

TCS secures multiyear managed services deal

Tata Consultancy Services (TCS), a global IT services and consulting firm, has entered into a multiyear transformation and managed services agreement with Canada Life,...

Zinnia unveils API-first tools for insurance distribution

Zinnia, an Eldridge Industries-backed life and annuity InsurTech platform, has launched headless annuity order entry capabilities, allowing carriers, banks, broker-dealers, and independent marketing organisations...
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