Sector Updates

Launching a new insurance product may feel like the finish line, but in reality, it’s only the beginning of a much more nuanced journey. The post-launch period is where real-world performance data begins to flow, offering fresh opportunities and risks for actuaries. Edwin Graham, principal actuarial data scientist at Akur8, outlines the dos and don’ts actuaries should keep in mind when navigating this crucial phase.

Insurance carriers often struggle to extract the full value from their renewal portfolios, largely due to inefficiencies in pricing and outdated systems. According to Quantee, more than 20 factors outside of pure pricing can erode performance. In response to this, the firm has delved into seven actionable strategies that insurers can use to enhance both customer retention and portfolio profitability.

AssuredPartners, a premier global insurance brokerage, and Carrum Health have announced a strategic partnership to broaden specialty care access for AssuredPartners' self-insured clients.

SCOR, a global reinsurance group headquartered in Paris and a leading player in the reinsurance market, has announced the appointment of Philipp Rüede as the new chief executive officer of its Life & Health (L&H) business, effective 1 June 2025.

Floodbase, the world-leading platform for insuring uncovered flood risk, and Yokahu, a pioneering insurance intermediary specialising in catastrophe risk, have announced a partnership to launch new automated parametric flood insurance policies for businesses in New Orleans.

LifeSearch, the UK’s leading protection advice specialist, and Trinity, a specialist insurer for military personnel, veterans, and their families, have extended their partnership to enhance healthcare access for the Armed Forces community.

Managing producers has long been a pain point for the insurance industry, causing fragmented systems, regulatory complexity, and endless paperwork. Agentero’s latest innovation, Producerflow, sets out to solve it once and for all.

Sapiens International Corporation, a global provider of intelligent insurance software solutions, has announced the acquisition of Candela, an intelligent automation company servicing blue-chip insurance clients across the Asia-Pacific (APAC) region.

Cowbell has announced the UK launch of Prime One Tech, a combined professional indemnity (PI) and cyber insurance product tailored for technology companies. This new...

Cytora, a UK-based InsurTech company that specialises in digital risk processing, has announced a strategic partnership with LightBox to enhance insurers’ ability to digitise risk...