Sector Updates

Producerflow, an insurance distribution management software provider, has launched Partner Portal, a self-service workspace designed to help insurance carriers work more efficiently with wholesalers, agency networks and other distribution partners.

InsurTech Producerflow unveils Partner Portal for carriers

Producerflow, an insurance distribution management software provider, has launched Partner Portal, a self-service workspace designed to help insurance carriers work more efficiently with wholesalers,...
Insurance pricing modernisation is often spoken about as though it were a grand technological leap, a sweeping reinvention of how insurers think, decide and operate. In reality, as outlined in Akur8’s approach to pricing transformation, it tends to look far less dramatic and far more incremental.

The force quietly reshaping insurance pricing models

Insurance pricing modernisation is often spoken about as though it were a grand technological leap, a sweeping reinvention of how insurers think, decide and...
Insurance leaders have spent the past decade investing heavily in modernising pricing engines, underwriting models and digital distribution channels. Yet despite this sustained transformation effort, customer experience (CX) continues to fall short of rising expectations, according to Earnix.

Why insurers struggle to turn AI investment into better CX

Insurance leaders have spent the past decade investing heavily in modernising pricing engines, underwriting models and digital distribution channels. Yet despite this sustained transformation...
Specialist insurance advisory firm Pro Global has launched a new European broker platform aimed at helping UK-based brokers expand into continental markets as firms look to navigate complex regulatory requirements.

Pro Global sets up EU brokerage arm for UK insurers

Specialist insurance advisory firm Pro Global has launched a new European broker platform aimed at helping UK-based brokers expand into continental markets as firms...
Liberty Mutual Insurance has launched a conversational AI tool allowing customers to obtain car insurance quotes through ChatGPT, marking what it says is a first-of-its-kind initiative by a major carrier.

Liberty Mutual brings insurance pricing into ChatGPT app

Liberty Mutual Insurance has launched a conversational AI tool allowing customers to obtain car insurance quotes through ChatGPT, marking what it says is a...
US InsurTech Fenris has launched a series of new vehicle and property intelligence capabilities aimed at helping insurers make faster decisions across quoting, underwriting and distribution processes.

Fenris adds vehicle and property data features for insurers

US InsurTech Fenris has launched a series of new vehicle and property intelligence capabilities aimed at helping insurers make faster decisions across quoting, underwriting...
US broker Interactive Brokers has integrated its trading infrastructure directly into Claude through a certified connector, enabling users to manage portfolios and execute trading-related actions using natural language across more than 170 global markets.

Interactive Brokers integrates Claude to deliver conversational trading workflows

US broker Interactive Brokers has integrated its trading infrastructure directly into Claude through a certified connector, enabling users to manage portfolios and execute trading-related...
InsurTech firm Insurwave has agreed to sell off its AI submission ingestion capability to AI processing company Portage AI, as part of a strategic transaction.

Portage AI acquires Insurwave’s submission AI

InsurTech firm Insurwave has agreed to sell off its AI submission ingestion capability to AI processing company Portage AI, as part of a strategic transaction. The...
Global insurer Aviva has expanded its ChatGPT app to include life insurance, allowing customers to obtain an initial quote through the conversational AI platform before completing their application online.

Aviva brings life insurance applications to ChatGPT

Global insurer Aviva has expanded its ChatGPT app to include life insurance, allowing customers to obtain an initial quote through the conversational AI platform...
The debate between Generalised Linear Models (GLMs) and Gradient Boosting Machines (GBMs) has been a long-running fixture in actuarial pricing discussions. While it is often framed as a competition between “old” and “new” modelling approaches, practitioners increasingly recognise that the real issue is not superiority, but suitability.

Comparing the benefits of GLM and GBM for insurance pricing

The debate between Generalised Linear Models (GLMs) and Gradient Boosting Machines (GBMs) has been a long-running fixture in actuarial pricing discussions. While it is...

News Stories

Collective adds insurance to its platform for the self-employed

Collective adds insurance to its platform for the self-employed

Collective, the all-in-one financial platform designed solely for self-employed entrepreneurs, has unveiled its Insurance Center, giving members across all 50 US states a single...
AI InsurTech Corgi's valuation soars to $4bn

AI InsurTech Corgi’s valuation soars to $4bn

Corgi, the AI-driven InsurTech, has closed a fresh funding round valuing the business at $4bn, its third raise in under three months. The latest round,...
Liberty Mutual

Liberty Mutual Re names new global cyber reinsurance chief

Liberty Mutual Reinsurance Group (LM Re), the reinsurance arm of Liberty Mutual Insurance Group, has named Tom Spurgeon as its new global head of...
ZestyAI makes international debut at Lloyd's with MAP

ZestyAI makes international debut at Lloyd’s with MAP

ZestyAI, the Risk Decision Platform serving the insurance sector, has signed MAP Underwriting (Managing Agency Partners), a managing agency at Lloyd's of London, as...
MGAs

Insurance-native AI: the next edge for UK MGAs

The UK's managing general agent (MGA) sector has emerged as one of the standout performers in insurance, frequently beating the wider market across commercial,...
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