Sector Updates

QBE Insurance has committed £400m in capacity to Pen Underwriting’s UK and Ireland operations as part of a renewed strategic partnership.

QBE Insurance commits £400m in capacity for Pen Underwriting’s UK and Ireland operations

QBE Insurance has committed £400m in capacity to Pen Underwriting’s UK and Ireland operations as part of a renewed strategic partnership. The collaboration has been...
Celonis, a global leader in process mining and process intelligence, has unveiled a new AI Agent designed to prevent insurance claim leakage.

Celonis launches new AI Agent to prevent claim leakage

Celonis, a global leader in process mining and process intelligence, has unveiled a new AI Agent designed to prevent insurance claim leakage. This innovation was...
Award-winning pet insurance provider ManyPets, known for its innovative approach to InsurTech, has appointed Shane Larkin as its new chief marketing officer (CMO).

ManyPets strengthens leadership team with Shane Larkin as CMO

Award-winning pet insurance provider ManyPets, known for its innovative approach to InsurTech, has appointed Shane Larkin as its new chief marketing officer (CMO).
Percayso Inform, an insurance intelligence provider based in the UK, has enhanced its Quote Intelligence platform to address critical gaps in how insurance providers capture and analyse data.

Percayso Inform enhances Quote Intelligence platform with cutting-edge features

Percayso Inform, an insurance intelligence provider based in the UK, has enhanced its Quote Intelligence platform to address critical gaps in how insurance providers capture and analyse data.
BOXX Insurance, a leading global cyber InsurTech, has appointed Erik Tifft as head of products, alongside Jim Miller and Gil Cujcuj as distribution leaders for the east and west regions, respectively.

BOXX Insurance expands US team with new product head and distribution leaders

BOXX Insurance, a leading global cyber InsurTech, has appointed Erik Tifft as head of products, alongside Jim Miller and Gil Cujcuj as distribution leaders...
Jove, a London-based InsurTech, has unveiled its innovative Pan-European Business Liability Insurance product.

Jove launches groundbreaking Pan-European Business Liability Insurance

Jove, a London-based InsurTech, has unveiled its innovative Pan-European Business Liability Insurance product.
The insurance sector is undergoing a transformative shift, driven by the surge in artificial intelligence (AI) solutions. Vendors are flooding the market, each boasting capabilities to revolutionise claims processing, enhance efficiency, and unlock business value. While this wave of innovation presents immense opportunities, it also brings a significant challenge: selecting the right AI partner from a crowded and competitive field. For decision-makers, this choice could make or break operational success.

A guide to selecting reliable AI vendors in insurance

The insurance sector is undergoing a transformative shift, driven by the surge in artificial intelligence (AI) solutions. Vendors are flooding the market, each boasting capabilities to revolutionise claims processing, enhance efficiency, and unlock business value. While this wave of innovation presents immense opportunities, it also brings a significant challenge: selecting the right AI partner from a crowded and competitive field. For decision-makers, this choice could make or break operational success.
Qumis, an innovative AI-powered platform designed to assist insurance professionals, has announced the successful closure of a $2.2m pre-seed funding round.

Qumis secures $2.2m to transform insurance workflows with AI

Qumis, an innovative AI-powered platform designed to assist insurance professionals, has announced the successful closure of a $2.2m pre-seed funding round.
Cytora, a digital risk processing platform, has partnered with Smarty, a leading provider of property data solutions, to transform property risk evaluation processes for insurers.

Cytora and Smarty partner to revolutionise property risk evaluation for insurers

Cytora, a digital risk processing platform, has partnered with Smarty, a leading provider of property data solutions, to transform property risk evaluation processes for...
WTW, a global advisory, broking and solutions company, has announced the appointment of Mark Mamone as head of technology delivery and strategy within its insurance consulting and technology (ICT) business.

WTW appoints Mark Mamone to lead technology delivery and strategy

WTW, a global advisory, broking and solutions company, has announced the appointment of Mark Mamone as head of technology delivery and strategy within its insurance consulting and technology (ICT) business.

News Stories

How reinsurers can demonstrate AML effectiveness

The reinsurance markets in the Cayman Islands and Bermuda represent one of the offshore financial world’s genuine success stories. Capital flows into these jurisdictions on the back of regulatory credibility, and as the markets have grown, so too has regulatory scrutiny.
PremFina lands £100m funding boost from Waterfall

PremFina lands £100m funding boost from Waterfall

PremFina, the UK's fastest-growing insurance premium finance provider, has expanded its junior capital facility with Waterfall Asset Management to £100m, upsizing and extending the...
Cytora and VulnCheck partner to sharpen cyber underwriting

Cytora and VulnCheck partner to sharpen cyber underwriting

Commercial insurers are set to gain a sharper view of cyber risk at the point of underwriting, following a new partnership between Cytora, the...

MAIB selects FINEOS to modernise claims management

The Motor Accidents Insurance Board (MAIB) of Tasmania, a government business enterprise providing compulsory third-party personal injury insurance to Tasmanian motorists, has selected the...
Vertafore's Project Impact saves agencies two hours a day

Vertafore’s Project Impact saves agencies two hours a day

Vertafore, a North American InsurTech, has announced that its Project Impact initiative has delivered on its promise to return up to two hours per...
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