Sector Updates

Quantee has explored two distinct approaches to performing price optimisation in insurance, focusing on methods that avoid the controversial practice of price walking while still adhering to business objectives for conversion and retention. This article builds on the ethical considerations of price optimisation and compares the benefits and trade-offs of separate versus joint optimisation models.

FullCircl has outlined key strategies to help brokers enhance the quality of their underwriting submissions—ultimately enabling faster responses, improved client outcomes, and more competitive premiums. In today’s data-driven insurance market, submitting detailed, accurate, and well-structured information has never been more important.

Lemonade, an AI-driven InsurTech company, has announced the launch of its car insurance offering in Indiana, continuing its strategic expansion across the United States.

The auto finance market is under intense pressure from rising interest rates, economic instability, and changing consumer behaviours. These challenges are compressing margins and making it harder for lenders to maintain profitability. As volatility grows, many auto finance firms are turning to advanced analytics platforms like Earnix to help them optimise pricing strategies, understand customer behaviours, and manage risk more effectively.

Shin Kong Vietnam, the regional arm of Taiwan’s Shin Kong Life, and PVI Insurance, one of Vietnam’s leading non-life insurance providers, have entered into a strategic partnership to accelerate digital transformation in the nation's insurance sector.

TBC Uzbekistan, a subsidiary of the London-listed TBC Bank Group, has unveiled a fully digital insurance product as part of its fast-growing financial ecosystem.

Key Global InsurTech investment stats in H1 2025: Global InsurTech funding increased by 9% in H1 YoY US companies secured six of the top...

Pro Global, a specialist consultancy and trusted advisor to the insurance industry, has launched Audit-Tech: Vendor Assurance, a new technology-driven service designed to help insurers manage third-party risks more confidently and efficiently.

Zurich Insurance Group, a global multi-line insurer headquartered in Switzerland, has announced it will acquire BOXX Insurance Inc., a Toronto-based global cyber InsurTech known for its integrated cyber insurance and protection solutions.

Arch Insurance North America, a prominent specialty insurer known for its innovative property and casualty solutions, has appointed Jeff Kaufmann as executive vice president, head of marine.