Sector Updates

Coterie, an InsurTech MGA simplifying small business insurance, has secured a significant boost in funding, announcing a raise of $27m.

PremFina, a leader in premium finance, and Blink Intermediary Solutions, a standout alternative broking network, have announced a partnership aimed at innovating finance solutions across 1,700 UK broking outlets.

Buddy, a leading InsurTech shaping the future of embedded insurance, has announced its partnership with Stripe to introduce innovative e-commerce capabilities tailored for the insurance sector.

The advent of machine learning (ML) and artificial intelligence (AI) has revolutionised the predictive analytics landscape. Yet, as we leverage these advancements, the imperative...

As the landscape of the insurance industry undergoes a profound transformation, driven by technological advancements, shifting societal values, and evolving consumer preferences, incumbents are grappling with the imperative to redefine their approach to customer engagement. Today’s insurance customers demand more than just protection; they seek slick and efficient operations, that are personalised and tailored to their exact needs.

Zurich Insurance and Klook have joined forces to introduce FlyEasy, a solution aimed at addressing flight delays by offering lounge access to affected passengers.

Duck Creek Technologies, a leading provider of intelligent solutions for property and casualty (P&C) and general insurance, has launched Duck Creek Payments in the North American market.

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.