Sector Updates

As the insurance sector undergoes a rapid evolution in regard to its pricing challenges, José María Castelo Marín, an esteemed actuary and advisor at Akur8 reflects on the tumultuous nature of this change - and opens up on why actuarial expertise is now key for insurers who wish to remain competitive.

Marine war risk insurer Vessel Protect, a managing general agent under the Pen Underwriting UK umbrella, has announced the appointment of James Kent as senior business development underwriter, effective June 3.

Anterior, an InsurTech which specialises in leveraging AI to accelerate health insurance approvals, has finalised a $20m Series A round.

Vantage, a prominent insurance provider, has unveiled it is underwriting U.S. primary cyber insurance through its U.S. insurance subsidiaries, offering up to $10m in capacity.

GradGuard has expanded its renters insurance program to include students coverage in Rhode Island.

Skyward Specialty Insurance Group, a leader in the specialty property and casualty (P&C) market, has expanded its Media Liability team.

Euclid Program Managers, a leading provider in the insurance and reinsurance sectors, has announced the launch of a Managing General Underwriter (MGU) underwriting mortgage credit risk on behalf of insurers and reinsurers.

Pattern Insurance and WeTravel have announced a new partnership aimed at integrating insurance into the travel booking experience.

dacadoo, a leading Health Tech vendor known for its award-winning Health Score and Digital Health Engagement Platform, has announced its commitment to provide access to its technologies in Africa.

Claims are the pivotal moment for every insurer, representing an opportunity to enhance customer experience and gather valuable data. The impact goes beyond the insurer–customer relationship as it also involves the beneficiary. A satisfactory claims process can convert beneficiaries into new customers. Comarch, a global IT products provider, delves into its significance.