Sector Updates

Actuaries often face significant delays and inefficiencies in the loss reserving process, with traditional workflows slowing down analysis. Legacy systems and fragmented data sources frequently make it difficult to access the detailed information needed to produce accurate reserve estimates. According to Akur8, a leading InsurTech company, these limitations can turn quarterly reserve reviews into a race to simply complete reports, rather than an opportunity to deliver in-depth, actionable insights.

Transforming loss reserving with centralised data

Actuaries often face significant delays and inefficiencies in the loss reserving process, with traditional workflows slowing down analysis. Legacy systems and fragmented data sources...
How Agentero is making life easier for agencies and carriers alike

How Agentero is making life easier for agencies and carriers alike

For many small and medium agencies, winning the attention of carriers can be hard enough, but securing their business can be even tougher.
Penn River, a cloud-native life and annuities policy administration platform, has partnered with InsurTech Solvrays, to streamline insurance workflows.

Penn River and Solvrays unite to streamline insurance workflows

Penn River, a cloud-native life and annuities policy administration platform, has partnered with InsurTech Solvrays, to streamline insurance workflows. The collaboration aims to eliminate back-office...
DXC Technology, a global technology services provider, has launched Assure Broking Essentials, an AI-powered SaaS platform designed to streamline operations and enhance customer experience for small and mid-sized insurance brokers.

DXC unveils AI-powered Assure Broking Essentials

DXC Technology, a global technology services provider, has launched Assure Broking Essentials, an AI-powered SaaS platform designed to streamline operations and enhance customer experience...
Insurance venture capital firm Markd has reopened its debut fund to secure up to $500m in new commitments, with the potential for further expansion before year-end.

Markd reopens fund $500m for insurance investments

Insurance venture capital firm Markd has reopened its debut fund to secure up to $500m in new commitments, with the potential for further expansion before...
Kalepa, a leading AI underwriting software provider, has partnered with SECURA Insurance to integrate AI into its underwriting.

Kalepa partners with SECURA to modernise underwriting

Kalepa, a leading AI underwriting software provider, has partnered with SECURA Insurance to integrate AI into its underwriting. This initiative reflects SECURA’s commitment to digital...
One of California’s largest Medicaid and Medicare health plans, serving over 1m members and thousands of providers, was struggling with mounting pressure in its provider service operations. Providers frequently contacted the plan’s call centre to verify member benefits and authorisations, check the status of claims, respond to documentation requests, and manage credentialing requirements and directory updates.

California health plan boosts provider support with Ushur AI

One of California’s largest Medicaid and Medicare health plans, serving over 1m members and thousands of providers, was struggling with mounting pressure in its...
Global Indemnity Group, a leading provider of specialty property and casualty insurance, has announced that its subsidiary Penn-America Underwriters, LLC (PAU) is launching its first reinsurance managing general agency (MGA).

Global Indemnity expands reinsurance arm with new PAU unit

Global Indemnity Group, a leading provider of specialty property and casualty insurance, has announced that its subsidiary Penn-America Underwriters, LLC (PAU) is launching its...
OpenDialog, an AI Agent platform built to transform insurance customer journeys, has partnered with Durell, a leading insurance software provider, to embed artificial intelligence into broker workflows and streamline the quoting process.

Durell and OpenDialog drive next-gen AI broking

OpenDialog, an AI Agent platform built to transform insurance customer journeys, has partnered with Durell, a leading insurance software provider, to embed artificial intelligence...
Insurance Office of America (IOA) has announced a new round of investment involving its own employees, private equity firm Madison Dearborn Partners (MDP), and Canadian brokerage Navacord, in a move designed to strengthen its position in the US insurance market.

IOA announces new investment deal with MDP and Navacord

Insurance Office of America (IOA) has announced a new round of investment involving its own employees, private equity firm Madison Dearborn Partners (MDP), and...

News Stories

Acrisure's Auris AI targets insurance's data silos

Acrisure’s Auris AI targets insurance’s data silos

Acrisure, the global FinTech group spanning insurance, reinsurance, payroll, benefits, cybersecurity and real estate services across 19 countries, has launched Auris AI, an applied...
Agero, MOTER team up on connected claims

Agero, MOTER team up on connected claims

Agero, a digital driver assistance provider operating through its recently acquired Urgently platform, and MOTER Technologies (MOTER), an InsurTech firm that converts connected vehicle...

AXA expands AI agent hub with Publicis Sapient

AXA, the global insurance and asset management group, has entered into a strategic partnership with Publicis Sapient, a technology company specialising in enterprise AI...

intellectAI Insurance’s month of listening exposes wholesale broking’s data gap

IntellectAI has used its Broker Appreciation Month (BAM) campaign, which ran throughout July, to surface the operational friction still holding back wholesale insurance distribution,...
What music can teach insurance actuaries

Actuaries and music: a mathematical connection

Actuaries and musicians may work in very different fields, but both rely on patterns, interpretation and judgement. At Akur8, several actuaries say their experience with...
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