InsurTech

There's been a noteworthy shift within the insurance sector. The catalyst for this shift? The ever-growing importance and sheer volume of data.

The firm recently announced a successful funding round amounting to €7.6m ($8m). Leading the investment was the French mobility fund, Shift4Good.

Insurance firm QBE Canada has recently linked with Novidea, renowned for its cloud-based insurance management platforms.

The insurance industry relies heavily on efficient data communication, and two key terms, the Core Data Record (CDR) and the Market Reform Contract (MRC), play significant roles in standardising this communication. While distinct, both concepts contribute to insurance processing and documentation, streamlining operations in the sector.

Israeli InsurTech Vesttoo has requested more time from the creditors in their Chapter 11 bankruptcy case, as it still believes it can produce a "value-maximising transaction".

White Mountains Insurance Group, Ltd. is set to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC Bamboo, a managing general agent (MGA) specialising in the California homeowners insurance market.

bolttech, a rapidly expanding international InsurTech, has announced the acquisition of Digital Care, a leading embedded protection provider hailing from Poland.

In today's fast-paced digital landscape, streamlining insurance processes is a top priority for both insurers and insureds. One significant aspect of this transformation is simplifying document submissions. Allowing insureds to scan and submit documents online via a web portal not only saves valuable time but also increases automatic processing rates. Scanbot SDK explores the implementation of this feature using a Web SDK (Software Development Kit) for document scanning.

Global professional services firm Aon has unveiled its new solution designed to better inform, advise and protect franchise businesses.

In the rapidly evolving world of group benefits, companies are doubling down on strategies that enhance their interactions and boost operational efficiency. Especially during the peak seasons, these firms are navigating a maze of challenges, with effective communication emerging as a paramount concern.