Sector Updates

Concirrus,  a leading provider of AI-first solutions, and Diesta, the payment operations platform built for intermediated insurance, have formed a strategic partnership aimed at streamlining the quote-to-cash process for insurers and managing general agents (MGAs).video

The InsurTech trends you need to watch

Almost two decades ago, the smartphone revolution saw the end of flip-phones, and technology such as touchscreens, an online app store, and 4K cameras...
Concirrus,  a leading provider of AI-first solutions, and Diesta, the payment operations platform built for intermediated insurance, have formed a strategic partnership aimed at streamlining the quote-to-cash process for insurers and managing general agents (MGAs).

Concirrus and Diesta to speed up quote-to-cash process for insurers

Concirrus,  a leading provider of AI-first solutions, and Diesta, the payment operations platform built for intermediated insurance, have formed a strategic partnership aimed at...
Insurity has launched its latest product update, known as the Andromeda release, introducing a wide range of new capabilities designed to help property and casualty insurers sharpen decision-making, speed up critical processes, and better control costs.

Insurity rolls out new Andromeda update to enhance underwriting speed

Insurity has launched its latest product update, known as the Andromeda release, introducing a wide range of new capabilities designed to help property and...
Insurity, a leading provider of cloud-based software for property and casualty (P&C) insurers, brokers, and MGAs, today announced the launch of its Andromeda product release, introducing a new wave of capabilities and intelligent automation across its product portfolio. The release gives insurers the horsepower to drive measurable gains through faster quoting, sharper risk assessment, and lowering costs. The Andromeda release introduces powerful new features across Insurity’s full product family, providing insurers with greater transparency, control, and speed across underwriting, policy, claims, and analytics. Major enhancements include: Get instant, full transparency into premium calculations: See every rate, rule, and factor behind the number. Give underwriters the clarity and confidence they need for every quote, policy, and transaction across the entire policy lifecycle. Model the most realistic catastrophic risk scenarios: Support advanced modeling and reinsurance scenarios with multi-ring accumulation and location-level financial calculations to bring more power and accuracy to catastrophe modeling. Focus on the most profitable submissions: Remove guesswork and quickly identify the most profitable submissions to underwrite with intelligent, data-driven submission scoring. See claims data directly in underwriting workflows: Get a full picture of risk without switching systems by quickly reviewing claims data alongside policy information directly in the underwriting workflow to make faster, more informed decisions. Empower field teams to reduce and prevent losses: Perform surveys or inspections on the go with an intuitive mobile app designed for field efficiency and cleaner data capture. Automate mid-term producer license verifications for workers’ comp: Stay compliant and remove manual work by validating agent and branch state licenses automatically when a new unit is added via endorsement. These updates bring intelligent automation, enhanced usability, and stronger integration across the Insurity ecosystem, empowering insurers to turn everyday decisions into meaningful business advantages. The full list of Andromeda features is available on Insurity’s website. “Every insurer is unique, and we’re rapidly investing in R&D to bring our customers flexible software that enables them to maintain that uniqueness and grow profitably,” said Jatin Atre, Chief Business Officer and EVP of Software and Analytics at Insurity. “The Andromeda Release is focused on freeing insurers from rigid systems and empowering them with intelligent, flexible tools that fit the way they do business. Andromeda showcases how we’re delivering real innovation to solve the hardest problems for our customers.” These innovations are part of Insurity’s broader investment of $50 million in R&D, a reflection of the company’s focus on long-term, sustainable product development that delivers value to customers. The Andromeda release reaffirms Insurity’s vision to empower insurers to grow profitably by providing products that launch effortlessly, deliver a hyper-configurable user experience, are purpose-built for commercial lines, and use AI to power smarter decisions for insurers.

MAPFRE RE returns with €125m cat bond deal

MAPFRE RE, the global reinsurance arm of the MAPFRE Group, has returned to the catastrophe bond market with a new €125m issuance designed to...
Counterpart, the Los Angeles-based Agentic Insurance™ platform, has announced an expansion of its Affirmative Artificial Intelligence (AI) Coverage and the launch of a new Technology Errors and Omissions (E&O) Insuring Agreement.

Counterpart boosts AI protection in liability products

Counterpart, the Los Angeles-based Agentic Insurance™ platform, has announced an expansion of its Affirmative Artificial Intelligence (AI) Coverage and the launch of a new...
Mox Bank, a Hong Kong-based digital bank known for its mobile-first financial services, has launched Travel Pick & Go, a highly customisable travel insurance solution exclusively available through the Mox app.

Mox Bank rolls out new Travel Pick & Go cover

Mox Bank, a Hong Kong-based digital bank known for its mobile-first financial services, has launched Travel Pick & Go, a highly customisable travel insurance...
Thai InsurTech Roojai has secured $60m in new funding, with Apis Partners and Asia Partners leading the Series C round in a move aimed at boosting the firm's regional expansion.

Thai InsurTech Roojai reels in $60m Series C

Thai InsurTech Roojai has secured $60m in new funding, with Apis Partners and Asia Partners leading the Series C round in a move aimed...
Why underwriting workbenches are transforming insurance

Why underwriting workbenches are transforming insurance

For decades, the underwriting process has been slowed by labour-intensive tasks, disjointed systems, and repetitive manual work. Traditional methods often require underwriters to gather information...
Onics, a Danish smart-home technology firm with a significant presence in the Nordic insurance market, is expanding into the UK as it seeks to help home insurers curb losses.

Onics launches IoT solutions for UK home insurers

Onics, a Danish smart-home technology firm with a significant presence in the Nordic insurance market, is expanding into the UK as it seeks to...
Intersys, a UK-based technology, has launched a new AI in the Workplace Governance Policy Template designed to help insurers, MGAs, brokers and market service providers manage risks in relation to AI adoption.

Intersys releases AI risk policy for insurance sector

Intersys, a UK-based technology, has launched a new AI in the Workplace Governance Policy Template designed to help insurers, MGAs, brokers and market service...

News Stories

GLASS PRISM: the AI tool redefining insurance investment strategy

Ortec Finance has unveiled GLASS PRISM, a next-generation strategic asset allocation (SAA) optimisation tool designed specifically for insurance asset managers. Built on what the firm...
The financial services sector is undergoing a period of rapid change as digital-first providers reshape how customers access and engage with products. Faster onboarding, transparent pricing, and personalised experiences are becoming standard expectations, placing increasing pressure on traditional banks and insurers to adapt.

Can bancassurance remain relevant in a digital-first financial landscape?

The financial services sector is undergoing a period of rapid change as digital-first providers reshape how customers access and engage with products. Faster onboarding,...
Pikl, an InsurTech focused on insurance-enabled business models, is scaling its flexible cancellation solution designed to help short-term rental platforms offer booking flexibility while protecting revenue.

Pikl builds insurance-led model for rental flexibility

Pikl, an InsurTech focused on insurance-enabled business models, is scaling its flexible cancellation solution designed to help short-term rental platforms offer booking flexibility while...
QBE, a global insurer, has partnered with Aurora to launch a fully automated lead algorithmic underwriting capability for complex specialty risks, now live within its Yacht Protection & Indemnity product.

QBE AND Aurora roll out end-to-end algorithmic underwriting

QBE, a global insurer, has partnered with Aurora to launch a fully automated lead algorithmic underwriting capability for complex specialty risks, now live within...
Lloyd’s, the global insurance marketplace, has selected 12 companies for Cohort 16 of the Lloyd’s Lab Accelerator following its latest Pitch Day, marking the start of a ten-week programme focused on innovation across underwriting, risk and operations.

Lloyd’s Lab selects 12 firms for Cohort 16 Accelerator

Lloyd’s, the global insurance marketplace, has selected 12 companies for Cohort 16 of the Lloyd’s Lab Accelerator following its latest Pitch Day, marking the...
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