Sector Updates

CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, has announced a new addition to its board of directors. 

Insurity, a leading provider of cloud software for insurance carriers, brokers, and MGAs, has partnered with OIP Robotics to revolutionise data processing within the Property & Casualty (P&C) insurance sector.

The evolution from manual to automated systems in the insurance industry marks a significant leap towards efficiency and precision. This transition, driven by the need to overcome the limitations of traditional underwriting methods, has paved the way for a new era of insurance operations. An automated underwriting system stands at the forefront of this transformation, leveraging advanced analytics and algorithms to streamline decision-making and risk assessment processes.

Equisoft, a prominent global digital solutions provider to the financial industry, has announced a partnership with Family Guardian Insurance Company to modernise the front-end tools for its insurance businesses.

The CareVoice, a prominent global embedded health enabler for insurers, has successfully concluded its Series B funding round, raising close to $10m.

Akur8, the next-generation insurance pricing solution provider, has joined forces with Guidewire to introduce the Akur8 Accelerator for AI-Powered Pricing.

Novidea, a leading provider of cloud-based enterprise insurance management solutions, has announced new features for its pioneering insurance management platform.

Chubb has introduced a groundbreaking global transactional risk platform aimed at delivering transactional risk liability insurance products across international markets.

Brit Ltd has introduced Brit Cyber First50, a pioneering Lloyd’s Consortium which has been backed by a substantial investment of $50m.

Nationwide, a leading insurance carrier, has appointed George Williams to lead its Small Market Commercial Lines business.