Infrastructure/Back-end

MAPFRE RE, a global reinsurance company, has received official approval from the National Financial Regulatory Administration of the People’s Republic of China to open a new branch in Beijing.

AutoRek, a leading InsurTech that streamlines premium processing operations within insurance firms, has joined forces with J.P. Morgan Payments to help insurance firms overcome data complexities and unlock new market opportunities.

Akur8, a pioneer in insurance pricing solutions utilising transparent machine learning, has recently partnered with LB Forsikring, a prominent Danish property and casualty (P&C) insurance firm.

Insurtech UK has published its Roadmap of recommendations for policy-makers to retain and strengthen the UK’s leading global status in insurance innovation.

For medium-to-large businesses, developing new applications can come with a swathe of new challenges. One key issue revolves around creating workflows for dozens of business applications - and the difficulties that can involve for firms without serious coding expertise. When a leading US insurance business faced this issue, Symfa stepped in to build a micro low-code platform to help insurance business users change business logic fast and easily.

Imagine an insurance industry where decisions are made with the speed and precision of a machine, yet imbued with the empathy and discernment of a human. This is not a futuristic dream but a present-day reality being shaped by the integration of AI in insurance underwriting. As AI takes on more significant roles, automating data-intensive tasks and improving risk assessment accuracy, the indispensable value of human expertise becomes even clearer. AI automation specialists Simplifai lifts the lid on the synergy between AI and human expertise in insurance.

Madanes Insurance Agency, a leading insurance broker specializing in complex insurance schemes across property, liability, and health sectors, along with risk and claims management, has partnered with Novidea.

Huize Holding Limited, a leading insurance technology platform in Asia, has acquired Global Care Consulting Joint Stock Company, a pioneering InsurTech company in Vietnam, specializing in digital transformation solutions for the insurance industry.

Cytora, a leader in digital risk processing, and ChAI, an AI-powered commodity pricing forecaster, have announced a strategic partnership.

Claims represent a pivotal moment in insurance, often determining customer loyalty and future business opportunities. They not only involve the insurer and the customer...