Consumer Platforms

Agentero, a digital insurance network dedicated to modernising insurance distribution, has launched a new compliance management solution to simplify producer management for carriers, Managing General Agents (MGAs), and agencies.

Admiral has entered into a strategic partnership with FinTech West, a representative body supporting financial technology growth in the South West of England to enhance relationships and engagement within the region’s InsurTech ecosystem.

Clearspeed has partnered with 1st Central to integrate its voice-based risk assessment technology into the insurer’s claims process, accelerating legitimate settlements and enhancing fraud detection.

The insurance sector is undergoing a significant transformation, driven by cutting-edge automation technologies and evolving customer expectations. Over recent years, innovations such as artificial intelligence (AI) and intelligent process automation have drastically improved insurers' ability to process claims, streamline operations, and enhance customer interactions.

When analysts begin working in pricing, their first instinct is often to dive straight into modelling. Generalised Linear Models (GLMs) are a standard approach, commonly taught as the foundation for pricing models. It is easy to get caught up in testing different variables, applying transformations, and searching for interactions. However, focusing solely on model mechanics can cause analysts to overlook fundamental limitations, according to Quantee. 

Kennedys IQ, the client-facing technology division of global law firm Kennedys, has introduced SmartRisk, the first fully explainable neuro-symbolic AI risk analysis solution for the insurance sector.

Generative artificial intelligence (GenAI) is rapidly reshaping the financial services sector, offering insurers and lenders new ways to enhance efficiency, improve accuracy, and personalise customer interactions. Earnix, a leader in AI-driven decision-making solutions, highlights how GenAI is automating routine tasks, allowing teams to focus on more strategic initiatives that drive business growth.

Leading figures from the insurance and cyber security sectors have issued a unified call for insurers to enhance cyber resilience in response to a rapidly evolving threat landscape.

Yokahu, a leading innovator in parametric insurance, has introduced cat-risk.com, the first independent, many-to-many parametric exchange designed to revolutionise disaster risk finance within the London re/insurance market.

Peak3, a global InsurTech company specialising in cloud-based insurance solutions, has raised $35m in a Series A funding round to accelerate its expansion across the UK and European markets.