Sector Updates

A recent report by Capgemini highlights that 62% of insurance executives acknowledge AI and machine learning as crucial for enhancing underwriting quality and reducing fraud. However, only 43% of underwriters consistently trust predictive analytics recommendations. This discrepancy raises an essential question: how can AI truly transform underwriting, and what trends are driving its adoption in the InsurTech industry? Custom software development company Symfa investigates.

Skipton Building Society has announced a new partnership with Uinsure, an award-winning InsurTech provider, to offer more accessible, affordable, and streamlined home insurance for its members.

Brooks Insurance, a nationally recognised wholesale insurance brokerage, has announced the appointment of Tiffani Ann Garabedian as senior vice president of underwriting, effective immediately.

Clearcover, a digital-first InsurTech company focused on modernising car insurance, has announced the launch of Clearcover General Agency (CGA) to serve the non-standard auto insurance market in Texas.

Home insurance startup Openly, which specialises in distributing policies through independent agents, has secured $193m in a growth financing round to fuel its expansion...

Alta Signa has added Westfield Specialty International to its insurance capacity panel, enhancing its ability to underwrite Directors & Officers (D&O) and Financial Institutions (FI) risks across the European Economic Area (EEA) and Switzerland.

Ki Insurance has partnered with QBE Insurance to expand broker insurance solutions by adding the firm as a capacity partner on its Lloyd’s-based digital follow platform.

Battleface has partnered with Wingie, a leading MENA travel marketplace, to integrate its embedded travel insurance solutions into its booking platform. This integration ensures that...

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has appointed Alexandra Cliff as its new chief financial officer (CFO), effective 1 May 2025.

Concirrus, a leading InsurTech innovator, has unveiled transformative technology that delivers nearly 100% accuracy in submission ingestion alongside instant rating and quoting capabilities.