Sector Updates

Insurance pricing modernisation is often framed as a technology problem, but in reality, it is increasingly a leadership and operating model challenge. The organisations that succeed are not necessarily those that invest the most in systems, but those that are able to rethink how pricing is structured, prioritised and embedded across the business.

Why insurers are rethinking how pricing is structured

Insurance pricing modernisation is often framed as a technology problem, but in reality, it is increasingly a leadership and operating model challenge. The organisations...
Travelers backs Applied’s AI-powered renewal quoting push

Insurance giant Aon rolls out Claims Copilot globally

Aon, the global professional services and insurance brokerage firm, has expanded its Claims Copilot platform across North America, Asia Pacific and several countries in...
insured.io, an InsurTech company specialising in omnichannel customer experience technology for insurers, has launched a new AI-powered virtual claims agent designed to automate the First Notice of Loss (FNOL) process across voice and chat channels.

insured.io rolls out omnichannel Claims AI solution

insured.io, an InsurTech company specialising in omnichannel customer experience technology for insurers, has launched a new AI-powered virtual claims agent designed to automate the...
Outmarket AI, an InsurTech company developing AI software for insurance brokers and agencies, has raised $17m in a Series A funding round led by Permanent Capital Ventures.

Outmarket AI lands $17m to expand insurance platform

Outmarket AI, an InsurTech company developing AI software for insurance brokers and agencies, has raised $17m in a Series A funding round led by...

How IntellectAI’s Magic Placement fights broker E&O risk

IntellectAI is pulling back the curtain on the technology driving its Magic Placement platform, as the InsurTech firm looks to address the persistent pain...
Incept, an algorithm-driven InsurTech, has entered into an underwriting agreement with Fortegra to support the launch of its digital title insurance solution in the UK.

Incept partners with Fortegra for UK property insurance

Incept, an algorithm-driven InsurTech, has entered into an underwriting agreement with Fortegra to support the launch of its digital title insurance solution in the...
Single-tie life insurance distribution models are eroding consumer trust and reducing demand for protection products, according to London-based insurer LifeSearch.

Insurers risk lost sales from single-tie distribution models

Single-tie life insurance distribution models are eroding consumer trust and reducing demand for protection products, according to London-based insurer LifeSearch. The findings, from its forthcoming Distribution...
AI InsurTech Sixfold has launched Narrative, a new capability designed to streamline life and health underwriting by reducing the time spent reviewing complex medical and case documentation.

Sixfold introduces Narrative to streamline life insurance reviews

AI InsurTech Sixfold has launched Narrative, a new capability designed to streamline life and health underwriting by reducing the time spent reviewing complex medical...
Insurance DataLab has enhanced its Security Committee-in-a-Box tool by embedding its Insurer Performance Index, helping brokers make more evidence-based insurer placement decisions under increasing regulatory scrutiny.

Brokers gain insurer insights with Insurance DataLab update

Insurance DataLab has enhanced its Security Committee-in-a-Box tool by embedding its Insurer Performance Index, helping brokers make more evidence-based insurer placement decisions under increasing...
Pro Global, a provider of insurance and reinsurance services, has strengthened its proposition in Latin America to support insurers, reinsurers and brokers facing rising operational and cross-border complexity.

Pro Global boosts Latin America proposition for insurers

Pro Global, a provider of insurance and reinsurance services, has strengthened its proposition in Latin America to support insurers, reinsurers and brokers facing rising...
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News Stories

Collective adds insurance to its platform for the self-employed

Collective adds insurance to its platform for the self-employed

Collective, the all-in-one financial platform designed solely for self-employed entrepreneurs, has unveiled its Insurance Center, giving members across all 50 US states a single...
AI InsurTech Corgi's valuation soars to $4bn

AI InsurTech Corgi’s valuation soars to $4bn

Corgi, the AI-driven InsurTech, has closed a fresh funding round valuing the business at $4bn, its third raise in under three months. The latest round,...
Liberty Mutual

Liberty Mutual Re names new global cyber reinsurance chief

Liberty Mutual Reinsurance Group (LM Re), the reinsurance arm of Liberty Mutual Insurance Group, has named Tom Spurgeon as its new global head of...
ZestyAI makes international debut at Lloyd's with MAP

ZestyAI makes international debut at Lloyd’s with MAP

ZestyAI, the Risk Decision Platform serving the insurance sector, has signed MAP Underwriting (Managing Agency Partners), a managing agency at Lloyd's of London, as...
MGAs

Insurance-native AI: the next edge for UK MGAs

The UK's managing general agent (MGA) sector has emerged as one of the standout performers in insurance, frequently beating the wider market across commercial,...
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