InsurTech

QBE North America has launched a new cyber insurance program with Converge, a new MGA that will act as program administrator. 

Pen Underwriting has recently announced changes to its divisional structure as it aims to continue its growth.  

WTW has launched its latest tool aimed at promoting alignment between board members and management on climate action. 

Concirrus has announced a new partnership with Insurity that will see it deliver unique predictive data models for marine insurers. 

As the business environment evolves, the insurance sector grapples with a pertinent issue: talent. Maintaining a competitive edge, staying relevant, and demonstrating resilience are pivotal for survival, and people with the right skills are key to these endeavours.

In the current dynamic InsurTech landscape, the significance of risk data analytics and a centralised risk data platform is undeniable.

Modives, an InsurTech start-up, is aiming to improve the arduous process of insurance verification for property managers and auto dealers.

Percayso Inform, a groundbreaking UK-based company that turns insurance data into insights, has successfully closed a £2.7m funding round. The company, known for its smart solutions which have been adopted by insurers, brokers, and MGAs, continues to expand rapidly.

The significance of data visibility in the insurance sector is often underestimated. For companies hoping to maintain a competitive edge, robust data monitoring and management are critical, especially given the sheer volume of data they handle. Recognising this challenge, distriBind offers an innovative visibility solution that is setting new standards in the industry.

Specialty insurance classes pose some of the most intricate pricing challenges in the insurance industry. Their rapidly evolving dynamics, coupled with their long-term nature, demand prices capable of standing the test of time. Gathering sufficient data for these specialty lines often proves difficult due to the nascent stage of many of these books and the inherent complexities in data collection.