Fragmented systems leave insurers struggling with payments and liquidity
Vitesse has unveiled a new research report shedding light on major inefficiencies in claims finance that continue to burden the insurance industry across the US and UK.
Prudential Financial’s Simplified Solutions taps Neutrinos to drive digital insurance transformation
Neutrinos, a digital experience platform provider specialising in AI-driven automation, has entered a technology vendor agreement with Simplified Solutions, a division of U.S.-based Prudential Financial Inc. (PFI), to transform and enhance its digital ecosystem.
Early fraud detection breakthrough could save insurers billions, according to new research
A new study from CLARA Analytics has revealed that advanced AI-powered techniques can flag potential fraud in property and casualty insurance claims as early as two weeks after the first notice of loss, drastically outpacing traditional methods.
Totalis launches Spotlight to revolutionise insurance for entertainment support businesses
Totalis Program Underwriters has introduced a new managing general agent, Spotlight Entertainment Insurance, to address the unique insurance needs of businesses supporting production companies in the entertainment sector.
Nearmap and itel join forces to streamline insurance claims and underwriting
Nearmap has announced the acquisition of itel, a move set to reshape the property insurance landscape by combining two trusted sources of underwriting and claims data.
Kayna expands with 13 new jobs and eyes UK and US insurance markets
Kayna, a fast-growing InsurTech based in Cork, has announced plans to create 13 new jobs as it prepares for a major push into the UK and US insurance markets.
King Risk Partners acquires Fidens Insurance Brokers to bolster Northeastern US presence
King Risk Partners, a national insurance firm focused on strategic expansion, has acquired Fidens Insurance Brokers, an independent insurance agency based in Red Bank, New Jersey.
Scottish Widows and Sprout.ai partner to fast-track life insurance claims using AI
Scottish Widows, a leading life insurance and pensions provider and part of Lloyds Banking Group, has entered into a partnership with Sprout.ai to pilot artificial intelligence (AI) solutions that aim to transform the insurance claims and underwriting process.
Chubb joins forces with SafeWeb to offer cyber insurance for small businesses
SafeWeb, a provider of AI-powered cyber security solutions for small businesses (SMBs), has formed a partnership with Chubb, a global leader in insurance, to enhance cyber resilience for SMEs through an all-in-one protection solution.
Previsico sounds alarm as most UK firms lack flood resilience plans
Fewer than 30% of UK businesses are ready to face the increasing threat of flooding linked to climate change, according to new findings from InsurTech firm Previsico.
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