Consumer Platforms

In a constantly evolving landscape, insurance businesses grapple with macroeconomic trends impacting profitability and sustainability. From shifts in claims costs driven by inflation to the escalating risks posed by climate change, insurers face multifaceted challenges. State Farm and Allstate’s retreat from California’s home insurance market due to wildfire risks underscores the severity of these challenges.

Jensten Group, a leading UK insurance broker, has announced that it has landed over £170m in new borrowing facilities over the past six months.

The Board of Directors of Generali has approved a new organisational structure to reflect the Group’s main activities, as proposed by the Group CEO, Philippe Donnet.

Mulberri, an AI-driven insurance platform, has announced a partnership with Acronis to offer their Cyber Insurance to Acronis' small and medium-sized business customers in the US.

The insurance industry is undergoing a transformative shift, propelled by the integration of Artificial Intelligence (AI). As insurers grapple with increasingly complex claims and rising customer expectations, AI has emerged as a potent tool to streamline processes, enhance accuracy, and elevate customer satisfaction levels. However, amidst the plethora of AI solutions available, selecting the right option for claims management is not a simple task, as the AI automation platform Simplifai explains.

Amazon has officially announced the closure of its Amazon Insurance Store initiative, following strong hints from earlier this year. 

AKKO, a premier provider of modern device insurance solutions, has proudly announced its acquisition of Upsie, an innovative player in the device insurance market.

HDI Global, an industrial insurer renowned for its long-term partnerships with large industrial clients globally, is extending its services to the mid-market segment.

Allianz Partners Australia, a leading insurance provider, has unveiled a new online chat feature tailored for customers of its travel insurance partner, HCF.

McKinsey and Google Cloud have partnered to unlock the capabilities of generative artificial intelligence (GenAI), with an estimated $4tn in potential business value.