Sector Updates

Claims transformation represents a strategic move within the insurance industry to reimagine the claims process. It focuses on integrating digital technology, data analytics, and...

Porsche Auto Insurance has launched an unlimited insurance policy designed specifically for Porsche owners who exceed 10,000 miles of driving annually. This product offers a...

Chubb, a global leader in insurance services, has announced the appointment of John Latter as head of claims for Chubb Overseas General (COG), effective immediately.

The insurance industry is undergoing a rapid transformation driven by changing demographics, evolving customer expectations, and advancements in digital technology and analytics. Insurers are...

The global InsurTech market grew to 25.97bn in 2024 and is expected to reach approximately USD 496.56bn by 2033. This represents a remarkable compound annual growth rate (CAGR) of 38.8% from 2024 to 2033. This rapid expansion is being driven by innovations in artificial intelligence (AI), machine learning (ML), cybersecurity, and a growing emphasis on Environmental, Social, and Governance (ESG) practices.

Introducing new insurance products can be a challenging journey, requiring careful planning, a thorough understanding of market needs, and effective execution. A recent white paper published by Akur8, titled From Idea to Market: A Comprehensive Guide to Introducing New Insurance Products, offers valuable insights into how InsurTechs and insurers can streamline this process.

Glia, a leader in customer interaction technology, has announced the appointment of Michael Tessler to its board of directors.

Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and managing general agents (MGAs), has named Sylvester Mathis as its new chief...

One Inc, a leader in digital payments solutions for the insurance industry, is set to digitise and streamline payment processes for GoAuto Insurance policyholders, as part of a new partnership between the firms.

Orion180, a leader in innovative insurance solutions, has unveiled its new Residential Private Flood Insurance product.