Sector Updates

Meanwhile, a unique life insurer that operates solely in cryptocurrency, has announced that it has raised around $19m across two seed funding rounds.

Headquartered in Berlin, INZMO, a front-runner in the European InsurTech scene, has disclosed the debut of its novel chatbot assistant, NIMO.

Spinnaker Insurance Company, a fully owned subsidiary of Hippo Holdings, has announced a significant stride in the insurance industry, unveiling the successful sponsorship of a catastrophe bond from Mountain Re Ltd.

Chubb, the world's largest publicly traded property and casualty insurance company, has launched an aviation hub in Singapore.

Hyro, a front-runner in the plug-and-play conversational artificial intelligence (AI) sphere, has announced the completion of a $20m Series B funding round.

Austin-based Socotra, renowned as a next-generation core platform provider for contemporary insurers, and Boston-based Ledgebrook, an InsurTech MGA focusing on the excess and surplus (E&S) market, recently revealed the successful launch of Ledgebrook's novel platform, which is turbo-charged by Socotra Connected Core.

Corvus Insurance, a top-tier cyber underwriting company, fuelled by an innovative AI-driven cyber risk platform, today proudly announces Albert Zhou as its chief risk officer.

Simplifai, renowned for its AI automation solutions, introduces Simplifai InsuranceGPT - the first-ever custom GPT tool specifically crafted for the insurance sector.

Swiss Re Institute's recent analysis reveals that countries leading in digital advancements are likely to harbour lesser trust in artificial intelligence (AI) technology.

According to software provider Scanbot, machine learning is ushering in a new era of efficiency and innovation in the manufacturing industry, playing a pivotal role in the fourth industrial revolution.