Sector Updates

The insurance sector in Brazil is undergoing a profound transformation. Premium revenue surpassed R$ 663 bn in 2023, and analysts predict that this double-digit growth trend is likely to continue over the coming years. But the shift isn’t just about numbers—it signals a broader rethink of how insurers operate, particularly in the way they approach pricing, according to Akur8.

Why Brazil’s insurance pricing needs a major rethink

The insurance sector in Brazil is undergoing a profound transformation. Premium revenue surpassed R$ 663 bn in 2023, and analysts predict that this double-digit growth trend...
McKenzie Intelligence Services (MIS), a leader in geospatial intelligence, and Eagleview, a trailblazer in geospatial technology, have announced a strategic collaboration aimed at enhancing the insurance industry’s ability to respond to North American catastrophes.

MIS and Eagleview partner to transform catastrophe response

McKenzie Intelligence Services (MIS), a leader in geospatial intelligence, and Eagleview, a trailblazer in geospatial technology, have announced a strategic collaboration aimed at enhancing...
OneShield has launched the OneShield AI Hub, marking what the company describes as the industry’s first centralised environment for the secure development, deployment, and governance of artificial intelligence solutions specifically tailored to the insurance ecosystem.

OneShield launches AI Hub to transform insurance operations

OneShield has launched the OneShield AI Hub, marking what the company describes as the industry’s first centralised environment for the secure development, deployment, and...
Sixfold, a leading underwriting AI company, specialising in Life & Health (L&H) insurance solutions, has announced a significant upgrade to its L&H product with the introduction of Condition-Based Insights and Core Clinical Data, designed to transform underwriting processes.

Sixfold launches condition-based insights for life & health underwriting

Sixfold, a leading underwriting AI company, specialising in Life & Health (L&H) insurance solutions, has announced a significant upgrade to its L&H product with...
The adoption of Large Language Models (LLMs) in enterprises is a gradual journey, often compared to learning to drive a car. Early-stage usage is manual and transactional, but as systems mature, they become collaborative tools capable of handling complex workflows under human supervision. Understanding this evolution is crucial for organisations looking to implement AI without losing control or compliance, according to Ushur.

Inside enterprise AI’s evolution from prompts to smart teams

The adoption of Large Language Models (LLMs) in enterprises is a gradual journey, often compared to learning to drive a car. Early-stage usage is...
Sola, an Atlanta-based InsurTech startup, has raised $8m in Series A funding to accelerate its plans to create the first vertically integrated property insurance company.

Sola secures $8m funding to transform property insurance

Sola, an Atlanta-based InsurTech startup, has raised $8m in Series A funding to accelerate its plans to create the first vertically integrated property insurance...
HBX Group, a B2B travel technology marketplace, has partnered with Superscript, a leading UK digital insurance broker, to simplify access to insurance for travel industry partners in the UK and Europe.

HBX Group partners with Superscript to simplify travel insurance

HBX Group, a B2B travel technology marketplace, has partnered with Superscript, a leading UK digital insurance broker, to simplify access to insurance for travel...
Assurant, a global protection company specialising in connected devices, homes and vehicles, has announced a new partnership with Arcadium Technologies, a provider of dealership management tools for heavy-duty trucks, trailers and equipment.

Arcadium integrates Assurant protection into dealer platform

Assurant, a global protection company specialising in connected devices, homes and vehicles, has announced a new partnership with Arcadium Technologies, a provider of dealership...
Artificial intelligence is no longer just a buzzword in insurance. It now powers product design, pricing, and customer engagement, transforming how insurers operate.

Predictive and generative AI reshape underwriting and pricing

Artificial intelligence is no longer just a buzzword in insurance. It now powers product design, pricing, and customer engagement, transforming how insurers operate. As Adrian...
HDFC ERGO has become India’s first insurer to use Duck Creek’s cloud-native SaaS core solutions to design, underwrite and distribute health insurance products.

HDFC ERGO partners with Duck Creek to transform health insurance

HDFC ERGO has become India’s first insurer to use Duck Creek’s cloud-native SaaS core solutions to design, underwrite and distribute health insurance products. The partnership...

News Stories

TPG-backed Third Wave broadens regional brokerage reach

TPG-backed Third Wave broadens regional brokerage reach

Third Wave Insurance, the retail insurance brokerage platform backed by global alternative asset manager TPG, has agreed to acquire five insurance and advisory firms...
Why Cover Genius snapped up Berlin's Friendsurance

Why Cover Genius snapped up Berlin’s Friendsurance

Cover Genius, the embedded protection infrastructure firm, has bought Berlin-based InsurTech Friendsurance, deepening its footprint in European bancassurance and reinforcing its reach across Germany,...
Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre, the insurance group, has agreed to take a holding in Tuio, a specialist digital insurance distributor built on advanced technology and a mature...
Verisk deepens event response with MIS acquisition

Verisk deepens event response with MIS acquisition

Verisk, a strategic data analytics and technology partner serving the global insurance sector, has completed the purchase of McKenzie Intelligence Services (MIS), a firm...
Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo, a Budapest-based InsurTech using AI and advanced data analytics to transform motor insurance, has secured $22.5m in Series B funding at a $1.6bn valuation,...
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