Infrastructure/Back-end

Akur8, described as the next-generation insurance pricing solution utilising transparent machine learning, has announced a strategic collaboration with SGI CANADA, a prominent property and casualty insurance division operating in five Canadian provinces, with the shared goal of enhancing the insurance pricing process.

VakıfBank stands as Turkey’s second-largest bank concerning asset size and loans. With a robust approach, the bank provides state-of-the-art products and services for corporate, commercial, and individual banking sectors. Adhering to modern banking standards, VakıfBank is paving the way for a higher savings rate in Turkey.

The Loss Control Maturity Model has transformed the way companies think about their processes, particularly with the introduction of FinTech solutions. Risk Control Technologies has garnered insights from over 150 customers. It has found that the majority of loss control departments could have benefitted from a software platform much earlier than they realised. The primary challenge? Many didn't know where or how to initiate the journey.

In today's digital age, document scanning has become a critical tool for both individuals and businesses. But not every scanning solution is created equal. Scanbot SDK has outlined what you need to know when integrating scanning software into your mobile or web application.

In today's insurance landscape, customers eagerly anticipate all services to be available digitally without delay. Gone are the days when tedious paper-based protocols were...

For over ten years, Shelter Insurance® has utilised RCT's groundbreaking software. This partnership traces back to 2007, when Shelter sought RCT's expertise to tackle efficiency and consistency hurdles tied to their vast field surveys.

Irys InsurTech Inc. has landed $3.5m in its seed funding round, and is now aiming to take on the legacy competitors across the InsurTech space.

HawkSoft has announced Fize Technology as its newest API Partner integrated with its insurance platform.

Specialty insurance classes pose some of the most intricate pricing challenges in the insurance industry. Their rapidly evolving dynamics, coupled with their long-term nature, demand prices capable of standing the test of time. Gathering sufficient data for these specialty lines often proves difficult due to the nascent stage of many of these books and the inherent complexities in data collection.

The power of pricing transformation in the digital journey of insurance companies cannot be overstated. A pivot towards this aspect can lead to an impressive array of benefits, ranging from competitive edge to talent retention, regulatory adherence and even improvement in loss ratio.