InsurTech

Ascend, a leading provider of financial operations automation software tailored for the insurance industry, has announced a strategic alliance with Embroker, that is set to revolutionise the insurance landscape.

E.design, an InsurTech company within the Tokio Marine Group, has opted to utilise Guidewire Cloud to fortify its core operations.

The state of reinsurance pricing in 2023 is under scrutiny. With the landscape of risks evolving at an unprecedented pace, reinsurers are facing significant barriers to optimally underwriting risks. A staggering 70% of underwriters acknowledge that this rapidly changing environment presents the greatest challenge to their ability to underwrite risks effectively.

OneBefore, an underwriter-led Managing General Agent (MGA), has announced its UK launch.

In the realm of actuarial science, Akur8 has made a significant stride with the release of their latest research paper titled "Derivative Lasso: Credibility-Based Signal Fitting for GLMs."

Data masking has emerged as a crucial solution in the digital landscape, especially in 2023, where data stands as the most profound and vulnerable digital asset for businesses. Elijah Mokin, Head of R&D at Symfa, delves into data masking and its potential.

Diesta, the London-based InsurTech startup, has successfully closed a seed funding round, raising $1.9m.

Singlife, a financial services company from Singapore, announced a significant capital injection today.

FRISS, a global leader in trust automation solutions for Property and Casualty (P&C) insurers, has revealed the FRISS Accelerator for Claims Analytics for ClaimCenter Cloud.

The digital transformation of the insurance industry has been underway for many years. Carriers have drastically improved their efficiency, speed and accuracy through the implementation of new technologies. Now the sector may be looking towards data analytics to make the latest leap in the space.