Sector Updates

The InsurTech industry is witnessing a significant transformation with the launch of Intelligent AI's novel Intelligent Rebuild Cost Validation Platform. This data-driven solution is set to confront the persistent issue of commercial property underinsurance, a problem that costs the UK market £340bn in annual premiums.

The shocking MOVEit data breach has left global businesses reeling and exposed the hard truth of our digital era - cyber threats are an inescapable reality. The enormity of the breach's impact, and the sensitive nature of the data now in the hands of hackers, has served as a sobering reminder of the catastrophic implications of cyber attacks and the spiralling chaos they can induce in the corporate world.

bolttech, has unveiled a strategic partnership with Taiwan Mobile, a leading telecommunications provider in Taiwan.

Revolut and Qover have announced their second collaboration, providing embedded insurance for a new trip and event cancellation cover.

Intangic MGA, a data science-focused MGA, has announced the launch of a cutting-edge early warning tool, the Intangic CyFi Dashboard.

In the dynamic landscape of insurance, artificial intelligence (AI) has emerged as a game-changing element. The central subject of many debates at recent forums, such as the #everywoman insurance forum, is an AI-powered chatbot, Chat-GPT. InsurTech company distriBind has explored the role of ai and chatbots in insurance. 

Blink Parametric has partnered with Newpoint's GetCover.com, a pioneer of online direct-to-consumer travel insurance.

Willis Towers Watson (WTW), a leading global advisory and broking firm, has launched its advanced Cyber Quantified model.

Greater Than, a provider of driver crash probability has announced a collaborative venture with its partner eDriving.

Breach, an up-and-coming InsurTech enterprise dedicated to devising insurance technology and products for the burgeoning cryptocurrency market, is riding high on the wave of success following its latest developments.