Consumer Platforms

As UK insurers grapple with rising claims costs and escalating premiums, the pressure on onboarding processes has never been greater. Motor claims payouts surged by 18% last year, while British drivers faced premium hikes of over a third, outpacing the rest of Europe. At the same time, home insurance renewal quotes soared by 42%, leaving insurers scrambling to adapt. Given these tribulations, the efficiency and effectiveness of insurance onboarding has become crucial. 

Kayna, an award-winning embedded insurance infrastructure platform; WTW, a global advisory, broking, and solutions leader; and Vibrant, a cybersecurity oversight platform, have joined forces to streamline vendor risk management.

Skyward Specialty Insurance Group, Inc., a leader in the specialty property and casualty (P&C) insurance market, has introduced its new Life Sciences liability coverage.

Migrating from on-premises to cloud infrastructure is a major leap for any organisation. This was the case for a Fortune 500 insurer seeking to modernise its operations. Their existing system, which relied on outdated methods and manual processes, was no longer fit to handle the enormous amounts of data generated daily. This transformation involved building a robust, automated platform, transitioning to the cloud, and optimising for efficiency and scalability. Customer software development company Symfa explains how it supported the firm on this journey.

Mulberri, a digital insurance platform focused on innovating business insurance, has joined forces with Qualys in a bid to deliver enhanced cyber insurance offerings.

Specialty MGA Crux Underwriting is set to leverage mea's cutting-edge GenAI-powered platform to elevate its broker service offering.

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.

Centana Growth Partners has acquired a majority stake in First Connect Insurance, an InsurTech platform focused on empowering independent insurance agents in the U.S.

Newgen Software, a global provider of digital transformation platforms, has announced the extension of its strategic partnership with Fadatato advance digital transformation in the insurance sector.