Sector Updates

The challenges surrounding periodic full inventory counts, whether conducted annually, semi-annually, or quarterly, present a significant obstacle for warehouses and distribution centres. These exercises often disrupt operations, prompting many companies to seek alternative methods like cyclical counting. However, this approach can prove labour-intensive and financially burdensome, preventing its widespread adoption within businesses. Scanbot SDK delves into the future of the space.

WTW, a prominent global advisory, broking, and solutions company, has announced the appointment of Chris Condello as Head of the newly established Asian Risk Division within Corporate Risk and Broking (CRB), North America.

5Star Life Insurance Company (5Star Life) has added to its Board of Directors in a bid to grow its market presence.

Igloo, the first full-stack InsurTech firm from Singapore, announced today its successful closure of a $36m Pre-Series C funding round.

NowCerts, an insurance agency management system, and Input 1 have formed a strategic partnership to introduce an integrated payments solution.

Cover Whale has announced that Darryl Siry is joining the firm as its COO and CTO in a bid to enhance its position as a leader in the commercial trucking and insurance industry.

UK InsurTech startup CatX has successfully raised $2.7m in seed funding as the company looks to bridge the gap between supply and demand in the reinsurance sector.

Enterprise BI application modernisation is an incredible challenge with good quality data and insights at stake. Making an effective start in this area of development can translate into real project value. In this blog post, Anatoly Bankovsky, Delivery Manager at Symfa, a software development company, shares how his team managed to do exactly this during his recent project for a US-based carrier employing 6,000 people.

The London Market is on the precipice of a digital transformation, and one significant initiative propelling this change is the Core Data Record (CDR). This strategic move aims to standardise and streamline the collection of critical transaction data, marking a pivotal leap in market efficiency. InsurTech Novidea explains why CDR matters for London market brokers. 

Global professional services firm Synpulse has partnered with Cenata to leverage its outwards reinsurance system.