Sector Updates

Sostengo, a Salvadoran InsurTech, has secured $3.8m in its latest funding round as it looks to expand its digital insurance solutions to underserved markets.

Salvadoran InsurTech Sostengo secures $3.8m in funding round

Sostengo, a Salvadoran InsurTech, has secured $3.8m in its latest funding round as it looks to expand its digital insurance solutions to underserved markets.
Simplifai, the secure AI automation provider, has been chosen by ERV Nordic to enhance the efficiency of their travel insurance claims handling processes.

ERV Nordic chooses Simplifai to automate their claims management

Simplifai, the secure AI automation provider, has been chosen by ERV Nordic to enhance the efficiency of their travel insurance claims handling processes.
71% of decision-makers within the insurance industry have expressed their unhappiness with the significant effort required to initiate and digitally launch updated insurance programs.

71% of insurance decision-makers unhappy with effort required to digitally launch programs

71% of decision-makers within the insurance industry have expressed their unhappiness with the significant effort required to initiate and digitally launch updated insurance programs.
Starr Insurance, a renowned player in the insurance industry, has expanded its portfolio with the introduction of a new division aimed at catering to the needs of the wholesale market.

Starr Insurance introduces Twin Maples Specialty division for wholesale market

Starr Insurance, a renowned player in the insurance industry, has expanded its portfolio with the introduction of a new division aimed at catering to the needs of the wholesale market.
Encova Insurance, a super-regional property and casualty (P&C) insurer, has selected Guidewire to help streamline its core business operations and enhance its digital capabilities.

Encova Insurance selects Guidewire Cloud to modernise technology and optimise resources

Encova Insurance, a super-regional property and casualty (P&C) insurer, has selected Guidewire to help streamline its core business operations and enhance its digital capabilities.
In today's rapidly evolving digital landscape, leveraging cutting-edge technologies like Generative AI (GenAI) holds immense potential for businesses. However, ensuring success with GenAI implementation within Enterprise Resource Planning (ERP) systems comes with its own set of challenges and considerations.

How to avoid failure when implementing GenAI

In today's rapidly evolving digital landscape, leveraging cutting-edge technologies like Generative AI (GenAI) holds immense potential for businesses. However, ensuring success with GenAI implementation within Enterprise Resource Planning (ERP) systems comes with its own set of challenges and considerations.
Novidea, creator of the pioneering cloud-based, data-driven enterprise insurance management platform, has announced that Daniela Krispin will take up the role of VP, Research & Development.

Novidea appoints Daniela Krispin as VP, Research & Development

Novidea, creator of the pioneering cloud-based, data-driven enterprise insurance management platform, has announced that Daniela Krispin will take up the role of VP, Research & Development.
Tensorflight, a property intelligence platform, has announced a collaboration with NEXT Insurance, a leading technology-first small business insurer, to automate commercial property inspections.

Tensorflight and NEXT Insurance partner to bring advanced property analytics to the small business...

Tensorflight, a property intelligence platform, has announced a collaboration with NEXT Insurance, a leading technology-first small business insurer, to automate commercial property inspections.
Earnix and Sollers Consulting unite to revolutionise insurance sector with AI

Earnix and Sollers Consulting unite to revolutionise insurance sector with AI

Earnix, the premier provider of AI-based Software-as-a-Service (SaaS) solutions for the financial services sector, has joined forces with Sollers Consulting, an international operational advisory...
blip, a small business insurance provider, has teamed up with Band of Builders (BoB), to offer affordable insurance and support to its network of tradespeople from less than £10 a month.

blip partners with Band of Builders to offer affordable insurance to tradespeople

blip, a small business insurance provider, has teamed up with Band of Builders (BoB), to offer affordable insurance and support to its network of tradespeople from less than £10 a month.
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Latest Analysis

News Stories

Leak detection technology has long been a staple across commercial buildings, data centres and critical infrastructure, helping organisations identify water ingress before it causes costly disruption. Traditional systems, particularly those using leak detection cables, have offered a relatively simple monitoring solution. However, these systems typically rely on fixed alert thresholds, which often fail to reflect the variability of real-world environments. As a result, while detection capabilities exist, their reliability has frequently been called into question.

Why traditional leak detection systems falter in real environments

Leak detection technology has long been a staple across commercial buildings, data centres and critical infrastructure, helping organisations identify water ingress before it causes...
The first wave of the InsurTech revolution has delivered significant innovation, but it has also left critical structural gaps unresolved. Over the past decade, the sector has made notable progress in areas such as digital distribution, API connectivity, embedded insurance, and the modernisation of agency management systems. However, beneath these advancements lies a growing concern, according to Producerflow.

InsurTech’s data gap threatens AI ambitions

The first wave of the InsurTech revolution has delivered significant innovation, but it has also left critical structural gaps unresolved. Over the past decade,...
Liberty Mutual has partnered with life insurance technology company Ethos to expand its direct-to-consumer life insurance offering in the US.

Ethos and Liberty Mutual team up to deliver fully digital life insurance

Liberty Mutual has partnered with life insurance technology company Ethos to expand its direct-to-consumer life insurance offering in the US. The collaboration will see Liberty...
Volkswagen Financial Services UK, the financial arm of the group, has appointed InsurTech firm Wrisk Transfer Limited as its preferred insurance provider for Volkswagen Commercial Vehicles.

VWFS UK selects Wrisk as preferred insurance partner for commercial vehicles

Volkswagen Financial Services UK, the financial arm of the group, has appointed InsurTech firm Wrisk Transfer Limited as its preferred insurance provider for Volkswagen...
Transamerica, a life insurer, has partnered with global reinsurer Swiss Re to modernise its claims experience.

Transamerica and Swiss Re collaborate on digital claims transformation

Transamerica, a life insurer, has partnered with global reinsurer Swiss Re to modernise its claims experience. The initiative will see Transamerica adopt Swiss Re’s PromiseXP...
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