InsurTech

Austin-based Socotra, renowned as a next-generation core platform provider for contemporary insurers, and Boston-based Ledgebrook, an InsurTech MGA focusing on the excess and surplus (E&S) market, recently revealed the successful launch of Ledgebrook's novel platform, which is turbo-charged by Socotra Connected Core.

Corvus Insurance, a top-tier cyber underwriting company, fuelled by an innovative AI-driven cyber risk platform, today proudly announces Albert Zhou as its chief risk officer.

Simplifai, renowned for its AI automation solutions, introduces Simplifai InsuranceGPT - the first-ever custom GPT tool specifically crafted for the insurance sector.

Swiss Re Institute's recent analysis reveals that countries leading in digital advancements are likely to harbour lesser trust in artificial intelligence (AI) technology.

According to software provider Scanbot, machine learning is ushering in a new era of efficiency and innovation in the manufacturing industry, playing a pivotal role in the fourth industrial revolution.

Verisk, a forerunner in data analytics and technology, has joined forces with Morning Data, a leading supplier of cutting-edge software to brokers and managing general agents (MGAs) worldwide, with a strong presence in London.

Akur8, a pioneer in insurance pricing technology, is partnering with Tokio Marine Insurance Group (Asia), a leading insurance company with a strong footprint in the Southeast Asian market.

Sapiens International Corporation, a leading global provider of software solutions for the insurance sector, and Absa Life, a foremost life insurance provider in South Africa, are teaming up.

UNest, a family investment app, and Wysh Life and Health Insurance Company, an innovator in the provision of life insurance, have partnered.

In the rapidly evolving world of insurance and InsurTech, the term "big data" is gaining significant traction. With implications for risk assessments, policy pricing and customer interactions, insurance industry professionals explore how it is driving innovation.