InsurTech

Admiral has entered into a strategic partnership with FinTech West, a representative body supporting financial technology growth in the South West of England to enhance relationships and engagement within the region’s InsurTech ecosystem.

AI expert agents are emerging as powerful tools in the insurance industry, reshaping the underwriting process by mimicking human decision-making. As artificial intelligence continues...

Clearspeed has partnered with 1st Central to integrate its voice-based risk assessment technology into the insurer’s claims process, accelerating legitimate settlements and enhancing fraud detection.

Munich Re, a global reinsurance leader, has signed a definitive agreement to acquire NEXT Insurance, a digital-first small business insurer, in a deal worth $2.6bn.

In the fast-evolving world of insurance, loss reserving and policy pricing have long been treated as separate entities within operational frameworks. These two critical functions, when isolated, often lead to inefficiencies, inconsistent assumptions, and sluggish reactions to market shifts. Such disconnects can erode an insurer’s profitability and weaken its competitive edge, according to Akur8. 

SiriusPoint has unveiled a new strategic partnership with Holmes Murphy, one of the largest independent insurance brokerages in the US.

TheGuarantors has acquired insurance verification technology developed by Covie, a Y Combinator-backed firm, to bolster its Zero-Gap Renters Insurance solution.

The insurance sector is undergoing a significant transformation, driven by cutting-edge automation technologies and evolving customer expectations. Over recent years, innovations such as artificial intelligence (AI) and intelligent process automation have drastically improved insurers' ability to process claims, streamline operations, and enhance customer interactions.

EagleView, a leading provider of drone and asset intelligence for the insurance industry, has expanded its drone technology offerings to provide insurance carriers with more comprehensive property inspections, analysis reports, and repair estimates.

When analysts begin working in pricing, their first instinct is often to dive straight into modelling. Generalised Linear Models (GLMs) are a standard approach, commonly taught as the foundation for pricing models. It is easy to get caught up in testing different variables, applying transformations, and searching for interactions. However, focusing solely on model mechanics can cause analysts to overlook fundamental limitations, according to Quantee.