Loss control: Underwriting’s secret weapon
In the competitive landscape of insurance underwriting, the integration of risk data is emerging as a secret weapon to enhance the performance of your underwriting team. One way this can be exploited is through the use of loss control, a risk management method aimed at decreasing the likelihood of losses occurring and minimising the impact of any that do happen. Due to the clear benefits of this, numerous key industry players are now claiming that advanced loss control practices can transform the traditional underwriting processes, reducing claims while increasing renewals and premiums.
Aflac partners with SKYGEN to enhance claims and billing processes through automation
Aflac, a leading provider of supplemental insurance in the U.S., has announced a partnership with SKYGEN to continue improving the customer satisfaction journey.
Aurora launches new commercial combined product tailored for SMEs
Aurora, the managing general agent, has launched a flagship commercial combined product tailored for SMEs.
Acrisure appoints Aaron Miller as new chief financial officer
Acrisure, a leading FinTech company that combines human intelligence with technology, has announced the appointment of Aaron Miller as its new chief financial officer.
iA Financial Group invests $10m in Clutch Technology’s pre-owned car sales platform
iA Financial Group, one of Canada’s largest insurance and wealth management organisations, has announced a $10m investment in Clutch Technology, a firm specialising in the online sales of pre-owned vehicles.
How Symfa’s innovative low-code platform transformed insurance business logic
Three years ago, a US insurance giant struggled to develop a Rules engine for their multiple user-facing applications. The project initially failed, leading them to enlist Symfa's expertise. Dmitry Denisko, senior software engineer at Symfa, delved into how the company reinvented the world of insurance business logic.
PLATFORM Insurance Management introduces innovative Captive Insurance Practice Group
PLATFORM Insurance Management, a leading Canadian broker, has announced the formation of a Captive and Alternative Risk Financing Practice Group, as it looks to enhance its service offerings and provide innovative solutions to its clients.
Brokerslink launches new Trade Credit Insurance practice to meet rising demand
Brokerslink, a global broking company, has announced the launch of a dedicated Trade Credit Insurance (TCI) practice.
Italian InsurTech Wopta Assicurazioni secures €4.1m in Series A funding
Wopta Assicurazioni, an InsurTech MGA established to support businesses and professionals against everyday risks, has successfully closed a €4.1m Series A funding round.
Berkshire Hathaway Specialty Insurance expands to Nordics
Berkshire Hathaway Specialty Insurance (BHSI), a leading global insurance provider, has announced its expansion into the Nordic nations with the opening of a new office in Stockholm.