Munich Re strengthens executive team with new COO appointment
Munich Re has strengthened its executive team with the appointment of Jeff Marks as the Chief Operating Officer (COO) for Munich Re Specialty Insurance (MRSI).
Allianz set to buy beleaguered French InsurTech Luko in €5m deal
Allianz Direct, a subsidiary of the German insurance giant Allianz, is reportedly on the brink of acquiring the beleaguered French InsurTech Luko for approximately €5m.
Porch receives $25m by securing strategic business collaboration with Aon
Porch Group, Inc. has received $25m following its entry into a strategic business collaboration agreement with Aon.
75% of business leaders are “comfortable” incorporating AI into customer-facing strategies
75% of key decision-makers in the healthcare, insurance, and financial services industries are now "comfortable" incorporating AI and automation into customer-facing strategies or communications, according to research from Customer Experience Automation™ (CXA) pioneer Ushur.
Python in insurance: Paving the way for actuaries and insurers
The insurance sector, traditionally slow in embracing modernisation, is progressively adopting programming languages to refine workflows and bolster decision-making capabilities. Among these, Python has...
UK InsurTech funding defies global trends
UK InsurTech companies saw their funding double in 2023 compared to the previous year, defying global trends from across the sector.
Capella Space and Floodbase partner to enhance parametric flood insurance
Floodbase has partnered with American space tech firm Capella Space Corp. to enhance its parametric flood insurance offering.
NFP acquires AIC to expand commercial insurance offering
NFP, an international insurance broking and consulting firm, has successfully acquired Advanced Insurance Consultants Limited (AIC) to expand its commercial insurance offering.
Amazon slams doors on UK Insurance Store after only 15 months
Amazon has announced the closure of its UK Insurance Store 15 months after its October 2022 launch.
75% of insurance organisations set to replace core insurance management platforms by 2025
75% of insurance organisations will replace core insurance management platforms by 2025, according to a new global report from Novidea.
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