Consumer Platforms

Guidewire, a leading provider of cloud-based software for insurers, has announced plans to acquire Quantee, a Poland-based InsurTech specialising in dynamic pricing software.

Belgium-based document processing service provider, Input For You, has partnered with Netcall, a leading provider of AI-powered automation and customer engagement solutions, to enhance the speed and accuracy of document handling in the insurance sector.

SavvyMoney, a provider of financial wellness tools and personalised loan offerings, has announced a new integration with TruStage to streamline loan application processes for financial institutions and their consumers by embedding insurance options into the system. 

Expert.ai, a leading provider of artificial intelligence (AI) enterprise solutions, has introduced its latest innovation, the EidenAI Suite to enhance claims management, improve policy personalisation, and strengthen fraud prevention.

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.