Sector Updates

FRISS has joined forces with tech giant Microsoft to enhance the explanations of its AI fraud models using Microsoft Azure OpenAI Service.

Neptune Flood, the largest private provider of flood insurance in the United States, has achieved a significant milestone by surpassing $200m in premium revenue.

Canopy Connect, a leading platform dedicated to collecting, verifying, and monitoring insurance data, is elated to announce a successful $6.5m Series A funding round.

HDI Global, one of the world's leading industrial insurers, has continued its global expansion by gaining regulatory approval to open a new branch in Lisbon.

Guidewire and SMA Technologies (SMA) have announced a newly launched accelerator designed to streamline insurers' operations by introducing powerful workload automation solutions.

Kota, an integrated platform aiming to streamline insurance and retirement benefits for contemporary teams, has secured €5m.

Boost Insurance, a prominent player in the insurance infrastructure sector, has just announced the launch of a new product, designed to enrich its comprehensive insurance-as-a-service stack.

Mountain West Farm Bureau and its subsidiary 360 Insurance Company have joined forces with Smart Communications.

Emerging from stealth mode, InsurTech company CoverForce has introduced a dynamic suite of products tailored for agency networks, wholesalers, and software firms. The company's objective is to digitise an offline market, offering swift and accurate insurance comparisons and purchases with a single click.

In the ever-evolving landscape of the insurance industry, achieving meaningful change extends far beyond the realm of structural shifts and organisational adjustments. The dynamics of insurance, like any other sector, are heavily influenced by the mindsets of employees and the fabric of organisational culture.