Consumer Platforms

The Earnix 2024 Industry Trends report revealed that nearly 75% of insurers have hundreds of rules embedded in their underwriting systems, with 18% stating they manage thousands. This overwhelming number of rules can complicate processes and impede efficiency. In response to these stark figures, Earnix is delving into how insurers can address these complexities and streamline their underwriting processes.

Inside the growing challenge of complex underwriting rules

The Earnix 2024 Industry Trends report revealed that nearly 75% of insurers have hundreds of rules embedded in their underwriting systems, with 18% stating they manage thousands. This overwhelming number of rules can complicate processes and impede efficiency. In response to these stark figures, Earnix is delving into how insurers can address these complexities and streamline their underwriting processes.
GBSAPRI Group has made two acquisitions to extend its presence across Italy and enter the Swiss market.

GBSAPRI Group acquires Ernesto Solari Assicurazioni and Seabridge to expand in Italy and Switzerland

GBSAPRI Group has made two acquisitions to extend its presence across Italy and enter the Swiss market.
Mike Lloyd, the co-founder and former COO of Corvus Insurance, has launched Pine View Insurance Group, an independent agency specialising in high-net-worth insurance solutions.

Mike Lloyd launches Pine View Insurance Group to transform luxury insurance market

Mike Lloyd, the co-founder and former COO of Corvus Insurance, has launched Pine View Insurance Group, an independent agency specialising in high-net-worth insurance solutions.
Tractive, a leading provider of GPS and health trackers for pets, has partnered with Lassie, an innovative pet insurance provider known for its comprehensive mobile app.

Tractive teams up with Lassie to merge GPS tracking and pet insurance

Tractive, a leading provider of GPS and health trackers for pets, has partnered with Lassie, an innovative pet insurance provider known for its comprehensive...
Carbon Underwriting Limited, an independent managing general underwriter and Lloyd’s syndicate, has announced the appointment of Alex Poracchia as its new chief financial officer (CFO), effective immediately.

Carbon Underwriting appoints Alex Poracchia as CFO to drive next phase of growth

Carbon Underwriting Limited, an independent managing general underwriter and Lloyd’s syndicate, has announced the appointment of Alex Poracchia as its new chief financial officer (CFO), effective immediately.
Optalitix is set to digitise and streamline underwriting processes for CannGen Insurance Services as part of a new collaboration.

Optalitix digitises CannGen’s underwriting processes across North America and Europe

Optalitix is set to digitise and streamline underwriting processes for CannGen Insurance Services as part of a new collaboration.
In today’s data-driven world, the ability to turn raw data into actionable insights is more crucial than ever. With vast amounts of information being generated daily, businesses must navigate the complexities of data cleaning, processing, and standardisation to uncover trends, patterns, and opportunities. This is where Symfa, an innovative software development company, excels — helping businesses turn fragmented and inconsistent data into reliable, insightful, and valuable information.

How Symfa can help you transform raw data into valuable insights

In today’s data-driven world, the ability to turn raw data into actionable insights is more crucial than ever. With vast amounts of information being generated daily, businesses must navigate the complexities of data cleaning, processing, and standardisation to uncover trends, patterns, and opportunities. This is where Symfa, an innovative software development company, excels — helping businesses turn fragmented and inconsistent data into reliable, insightful, and valuable information.
VIPR Solutions (VIPR), a provider of Delegated Authority technology, has bolstered its position within the UK Lloyd’s Market through multi-year contracts with three prominent insurance brands.

VIPR secures multi-year contracts with leading Lloyd’s Market insurers

VIPR Solutions (VIPR), a provider of Delegated Authority technology, has bolstered its position within the UK Lloyd’s Market through multi-year contracts with three prominent...
Africa Specialty Risks (ASR), a reinsurance group dedicated to the African and Middle Eastern markets, has launched Baobab, the first Africa-focused Lloyd’s Consortium.

Africa Specialty Risks launches first Africa-focused Lloyd’s Consortium

Africa Specialty Risks (ASR), a reinsurance group dedicated to the African and Middle Eastern markets, has launched Baobab, the first Africa-focused Lloyd’s Consortium.
Integrating legacy systems with cutting-edge technologies like cloud computing, big data analytics, AI, and mobile solutions can revolutionise how organisations interact with their members. Such integrations provide companies with a more comprehensive understanding of their members' preferences and needs, facilitating even more targeted and effective communication. However, to achieve this level of sophistication, selecting the right digital customer communications platform is essential.

What to look for in a digital customer experience platform

Integrating legacy systems with cutting-edge technologies like cloud computing, big data analytics, AI, and mobile solutions can revolutionise how organisations interact with their members. Such integrations provide companies with a more comprehensive understanding of their members' preferences and needs, facilitating even more targeted and effective communication. However, to achieve this level of sophistication, selecting the right digital customer communications platform is essential.

News Stories

GLASS PRISM: the AI tool redefining insurance investment strategy

Ortec Finance has unveiled GLASS PRISM, a next-generation strategic asset allocation (SAA) optimisation tool designed specifically for insurance asset managers. Built on what the firm...
The financial services sector is undergoing a period of rapid change as digital-first providers reshape how customers access and engage with products. Faster onboarding, transparent pricing, and personalised experiences are becoming standard expectations, placing increasing pressure on traditional banks and insurers to adapt.

Can bancassurance remain relevant in a digital-first financial landscape?

The financial services sector is undergoing a period of rapid change as digital-first providers reshape how customers access and engage with products. Faster onboarding,...
Pikl, an InsurTech focused on insurance-enabled business models, is scaling its flexible cancellation solution designed to help short-term rental platforms offer booking flexibility while protecting revenue.

Pikl builds insurance-led model for rental flexibility

Pikl, an InsurTech focused on insurance-enabled business models, is scaling its flexible cancellation solution designed to help short-term rental platforms offer booking flexibility while...
QBE, a global insurer, has partnered with Aurora to launch a fully automated lead algorithmic underwriting capability for complex specialty risks, now live within its Yacht Protection & Indemnity product.

QBE AND Aurora roll out end-to-end algorithmic underwriting

QBE, a global insurer, has partnered with Aurora to launch a fully automated lead algorithmic underwriting capability for complex specialty risks, now live within...
Lloyd’s, the global insurance marketplace, has selected 12 companies for Cohort 16 of the Lloyd’s Lab Accelerator following its latest Pitch Day, marking the start of a ten-week programme focused on innovation across underwriting, risk and operations.

Lloyd’s Lab selects 12 firms for Cohort 16 Accelerator

Lloyd’s, the global insurance marketplace, has selected 12 companies for Cohort 16 of the Lloyd’s Lab Accelerator following its latest Pitch Day, marking the...
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