InsurTech

Insurify, an online insurance agent and comparison platform, has launched what it claims is the insurance industry’s first ChatGPT app, enabling users to research and compare car insurance directly within OpenAI’s app library.

Insurify unveils industry-first ChatGPT comparison app

Insurify, an online insurance agent and comparison platform, has launched what it claims is the insurance industry’s first ChatGPT app, enabling users to research...
Klear.ai, an AI-focused insurance firm, has announced the appointment of Logan Thompson as its new chief financial officer, as the company looks to strengthen its financial leadership amid ongoing platform expansion and customer growth.

Klear.ai appoints new CFO to drive next phase of growth

Klear.ai, an AI-focused insurance firm, has announced the appointment of Logan Thompson as its new chief financial officer, as the company looks to strengthen...
SCOR, a global reinsurer, has expanded its partnership with Baobab Insurance, a German digital risks managing general agent (MGA) specialising in cyber insurance, by extending underwriting capacity to significantly larger companies in Germany and Austria.

SCOR expands Baobab Insurance cyber underwriting to €1bn firms

SCOR, a global reinsurer, has expanded its partnership with Baobab Insurance, a German digital risks managing general agent (MGA) specialising in cyber insurance, by...
Howden Group, a global insurance and reinsurance intermediary, has raised approximately $703m in gross proceeds through a debt issuance designed to strengthen its funding capacity and support future growth initiatives.

Howden Group strengthens balance sheet with $703m debt raise

Howden Group, a global insurance and reinsurance intermediary, has raised approximately $703m in gross proceeds through a debt issuance designed to strengthen its funding...
Insurers are losing millions because outdated systems make rate updates slow and costly. By decoupling pricing logic from legacy policy administration systems, companies can deploy new rates in hours, rollback changes instantly, and reduce premium leakage, according to Akur8.

Modernising rate control to reduce premium leakage

Insurers are losing millions because outdated systems make rate updates slow and costly. By decoupling pricing logic from legacy policy administration systems, companies can...
Agenzee, a compliance-focused technology company, has unveiled Agenzee Assist, a fully managed service that handles licensing, regulatory monitoring, and compliance tasks for insurance producers.

Agenzee launches tool to automate insurance compliance

Agenzee, a compliance-focused technology company, has unveiled Agenzee Assist, a fully managed service that handles licensing, regulatory monitoring, and compliance tasks for insurance producers. The...
WealthReach, an AI-powered prospecting platform, has announced the launch of InsuranceReach, a new lead generation solution aimed at insurance professionals seeking more efficient ways to identify and engage prospects.

WealthReach launches platform to transform insurance prospecting

WealthReach, an AI-powered prospecting platform, has announced the launch of InsuranceReach, a new lead generation solution aimed at insurance professionals seeking more efficient ways...
Sproutr, an insurance programme architect, has launched Program Placement Services to streamline carrier placement and accelerate insurance programme launches, expanding its capabilities to support programmes from early-stage design through to market entry.

Sproutr unveils new service to boost insurance programme delivery

Sproutr, an insurance programme architect, has launched Program Placement Services to streamline carrier placement and accelerate insurance programme launches, expanding its capabilities to support...
Advance, a FinTech platform focused on insurance payments and premium management, has raised $8.55m in seed funding as it looks to modernise how insurance intermediaries manage and move money.

Advance secures $8.55m to modernise insurance payments

Advance, a FinTech platform focused on insurance payments and premium management, has raised $8.55m in seed funding as it looks to modernise how insurance...
Click-Ins, a provider of AI-powered damage detection, and Insurtech Fuel, an InsurTech claims technology firm, have announced a new partnership aimed at transforming how motor insurance claims are handled.

Click-Ins and Insurtech Fuel partner for autonomous motor claims

Click-Ins, a provider of AI-powered damage detection, and Insurtech Fuel, an InsurTech claims technology firm, have announced a new partnership aimed at transforming how...

News Stories

EQT agrees $2bn deal for McGill and Partners

EQT agrees $2bn deal for McGill and Partners

McGill and Partners, a technology-enabled specialty (re)insurance broker, has agreed to be acquired by EQT in a deal valuing the business at $2bn. The transaction...
Can actuaries trust AI models?

Can actuaries trust AI models?

InsurTech firm Akur8 is taking a controlled approach to AI adoption in insurance: if using AI for actuarial work is possible and even necessary...
Capricorn Mutual completes Duck Creek platform go-live

Capricorn Mutual completes Duck Creek platform go-live

Aggne, a Wipro company and insurance technology services provider, has confirmed the successful go-live of Capricorn Mutual, the member-owned risk protection organisation, on Duck...
Why rating engines are becoming insurers' decision hub

Why rating engines are becoming insurers’ decision hub

Pricing technology is moving beyond its traditional home in actuarial and underwriting teams. Rating engines are increasingly being used by marketing, innovation and product...
AML

Why underwriting data holds the key to spotting AML risk

Insurance houses across South Africa are pouring money into anti-financial crime tools, yet heavy spending alone is not solving the problem. Effectiveness, particularly at...
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