Sector Updates

Specialist insurer Beazley had adopted Insurity’s Sure Program Underwriting Distribution solution to grow its Lloyd's book of business and automate the distribution of its Personal Articles Floater (PAF) line of business in the US.

InsurTech companies Ascend and NowCerts have teamed up to provide customers with an integrated solution that combines agent workflow management with payments and premium financing.

Reserv, a third party administrator (TPA) that is looking to reinvent insurance claims, has exited stealth with $8m in seed funding.

Bento, which aims to transform the traditional dental insurance industry, has collected $8.1m in its Series A funding round.

Swiss InsurTech dacadoo, in partnership with Colombian insurer Seguros Bolivar, has launched the “Super App” Boliver Conmigo.

Openly, a homeowners insurance platform, formerly operating solely as a MGA, has launched Openly Insurance Company, an insurance carrier licensed in 17 states.

For as long as insurance has been around, criminals have been committing insurance fraud. With increasingly sophisticated fraud activity, insurers are turning to artificial intelligence and machine learning. However, they must develop standards to prevent unfair discrimination and remove any bias in these technologies.

InsurTech Blink Parametric has expanded its longstanding partnership with the benefits provider and wellness leader Blue Cross, to bolster their travel offering in Canada.

In an industry where many incumbents move at a lethargic pace, the recent partnership between InsurTech Kanguro, focusing on the US Spanish speaking market, initially with pet health insurance, and Cloud Insurance represents a new era in the industry: one of dynamism and innovation.

Charlee.ai, a provider of cloud-based artificial intelligence (AI) solutions for property and casualty (P&C) insurers, has partnered with claims litigation management platform ClaimDeck.