Sector Updates

Marsh, a global leader in insurance broking and risk advisory, and a subsidiary of Marsh McLennan, has introduced an upgraded version of its flagship Cyber Echo insurance facility, providing clients with up to $45m in additional cyber insurance capacity.

bolttech and C Spire have partnered to launch C Spire Tech Protection, providing customers with a seamless, all-in-one protection solution for their connected devices, to address growing digital security risks.

Cytora, an AI-powered risk digitisation platform, has announced its availability on Google Cloud Marketplace, as it looks to enhance accessibility for insurers, managing general...

WTW, a global advisory, broking, and solutions company, has named Massimo Cavadini as head of product, pricing, claims and underwriting for Continental Europe.

Chubb, a global provider of insurance products, has launched a new division, North America Small & Lower Midmarket, to consolidate its Lower Middle Market and Digital Small Business divisions.

ZestyAI, an artificial intelligence-driven predictive analytics company, has announced a new partnership with digital insurance company Lemonade to optimise underwriting for key catastrophe perils across the U.S.

Administrative tasks make up a substantial portion of the over $4tn annual healthcare expenditure in the United States. Despite digital advancements, only a quarter of healthcare members actively engage with existing digital portals and apps. As a result, call centres remain overwhelmed, struggling to meet demand. But Ushur is helping to change that through its AI Agent for Member Service.

Lloyd’s of London coverholder, Kita, a specialist InsurTech focused on carbon insurance, has announced its expansion into Australia.

Vitesse, a global treasury and payment provider for the insurance industry, and Five Sigma, an AI-native claims management technology company, have announced a strategic partnership aimed at modernising claims payouts.

The insurance industry is increasingly leveraging data monetisation to enhance efficiency, optimise risk assessment, and reduce operational costs. By transforming data into a strategic...