Commercial/Enterprise Insurance

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.  

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, a leading provider of supplemental insurance in the U.S., has announced a partnership with SKYGEN to continue improving the customer satisfaction journey.

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, the managing general agent, has launched a flagship commercial combined product tailored for SMEs.

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, a leading FinTech company that combines human intelligence with technology, has announced the appointment of Aaron Miller as its new chief financial officer.

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, 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.

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.
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.

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, 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.

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, a global broking company, has announced the launch of a dedicated Trade Credit Insurance (TCI) practice.

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.
Wopta Assicurazioni, an InsurTech MGA established to support businesses and professionals against everyday risks, has successfully closed a €4.1m Series A funding round.

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 (BHSI), a leading global insurance provider, has announced its expansion into the Nordic nations with the opening of a new office in Stockholm.

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.

News Stories

Optalitix and Insurance Knowledge Hub partner to enhance underwriting skills with new course

Optalitix and Insurance Knowledge Hub partner to enhance underwriting skills with new course

Optalitix, an insurance underwriting software provider established in 2013, has formed a strategic partnership with the Insurance Knowledge Hub, a pioneer in professional insurance education.

Akur8 and Utica First team up to revolutionise insurance pricing with advanced ML technology

Akur8, renowned for its next-generation InsurTech pricing and reserving solutions, has teamed up with Utica First, a leader in small business and personal lines insurance.
Agria Pet Insurance, a global leader in animal insurance, has partnered with Quantee, an AI-driven pricing solutions provider, to support its growth in the UK and Ireland.

Quantee to enhance Agria Pet Insurance’s pricing capabilities in UK market expansion

Agria Pet Insurance, a global leader in animal insurance, has partnered with Quantee, an AI-driven pricing solutions provider, to support its growth in the UK and Ireland.
Branch Insurance has recently collaborated with Kyber, an AI-driven technology provider specialising in workflow automation, to optimise its claims notification process.

Branch Insurance partners with Kyber to revolutionise claims processing through AI automation

Branch Insurance has recently collaborated with Kyber, an AI-driven technology provider specialising in workflow automation, to optimise its claims notification process.
Q3 surge in European InsurTech under $100m as market rebounds

European InsurTech deals increased by a third as investors prioritised deals under $100m in...

Key European InsurTech investment stats in Q3 2024: European InsurTech deal activity increased by a third QoQ Investors prioritise deals under $100m with an...

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