Sector Updates

The insurance industry is in the midst of a profound transformation, driven by the adoption of advanced AI technologies. Adrian Coupland, head of EMEA insurance at Earnix, sheds light on how AI-based platforms are revolutionising insurers’ operations, the hurdles posed by legacy systems, and the critical role of modernisation in adapting to today’s market demands, as outlined in Earnix’s 2024 Industry Trends Report.

Blink Parametric, a leading provider of real-time travel InsurTech solutions, has launched its FlyEasy travel disruption assistance coverage in collaboration with Zurich Indonesia.

DvSum, a leader in data intelligence solutions, has announced its inclusion in Guidewire’s InsurTech Vanguards programme.

Bold Penguin, a leading commercial insurance distribution platform, has appointed Peter Settel as its new chief executive officer (CEO) and president.

Tokio Marine North America Services (TMNAS) has partnered with Earnix, a global provider of AI-driven SaaS solutions, to develop a centralised rate repository aimed at enhancing pricing and rating strategies.

AirAsia and Tune Protect, a Malaysia-based InsurTech firm, have partnered to provide enhanced travel coverage for AirAsia flights departing from Singapore.

Allianz Partners, a global leader in insurance and assistance services, has partnered with Mazda Motor Europe, a prominent automobile manufacturer, to extend and consolidate their European Roadside Assistance programme.

Manchester-based Uinsure, a leading InsurTech company, has announced a partnership with Suffolk Building Society, a mutual society offering savings and mortgage products to its...

Paris-based InsurTech startup Little John has raised €1.1m in pre-seed funding to develop its generative AI platform tailored for independent insurance brokers.

Wefox, a European insurance company, is reportedly finalising a €170m (£141m) financing package led by private equity firm Searchlight Capital Partners, according to Sky...