Consumer Platforms

Innovations in pricing decision intelligence are reshaping the landscape of the insurance industry, with hx Renew emerging as a pioneering platform at the forefront of this transformation. As the world’s first of its kind, hx Renew not only unlocks substantial value and industry-leading performance across the pricing process but also offers seamless implementation within existing systems, ensuring flexibility, scalability, and security.

In an era where innovation is reigning supreme, the insurance industry has found itself on the precipice of transformative change. Long accustomed to traditional models of risk assessment and policy pricing, insurers are now embracing the disruptive potential of Internet of Things (IoT) and telematics technologies. These cutting-edge tools offer unprecedented insights into policyholders' behaviour and assets, revolutionising the way insurers evaluate risk and tailor coverage.

Akur8, the next-generation insurance pricing solution, has partnered with Tokio Marine HCC to elevate pricing strategies and drive innovation in the insurance sector.

Arthur J. Gallagher & Co., a global insurance brokerage, has announced the acquisition of Australia-based Prasidium Credit Insurance.

Nexus Underwriting, a specialty managing general agent, has appointed Steve Willett as its new Development Head.

Macquarie Insurance Facility is set to enhance its insurance offerings following its recent approval as a Lloyd’s coverholder and a newly established binding authority agreement with Mosaic Insurance.

Zywave, a leading InsurTech provider, has unveiled its latest offering, Cyber Quoting, aimed at simplifying insurance distribution processes.

Marsh, the world’s leading insurance broker and risk advisor and business of Marsh McLennan, has appointed Megan McClellan as Southeast Zone Leader, effective today.

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.