Sector Updates

Insurers are dreaming of AI, but many are still anchored to outdated systems. A 2024 Novidea survey found that 41% of insurance professionals admit their core systems haven’t been updated in over five years. Even more striking, 76% of large firms rely on six or more systems, and nearly a fifth operate with ten or more. This tangled web of legacy technology undermines data quality, security, and scalability, threatening the very potential of AI to transform business.

Inside insurance’s legacy tech problem

Insurers are dreaming of AI, but many are still anchored to outdated systems. A 2024 Novidea survey found that 41% of insurance professionals admit...
EIS, a leading cloud-native core platform provider to the insurance industry, has announced the expansion of its flagship platform to accelerate digital transformation within insurance operations.

EIS unveils CoreGentic to boost insurance agility

EIS, a leading cloud-native core platform provider to the insurance industry, has announced the expansion of its flagship platform to accelerate digital transformation within...
Socotra, a leading InsurTech company transforming insurance core technology with modern cloud-based solutions, has launched a new product, Agentic Configuration.

Socotra unveils Agentic Configuration for insurers

Socotra, a leading InsurTech company transforming insurance core technology with modern cloud-based solutions, has launched a new product, Agentic Configuration. This cutting-edge capability enables insurers...
When an insurance client sends a message, every second counts. A delayed reply can cost trust, revenue, and even long-term loyalty. Symphony is helping insurers meet these high stakes head-on. 

How Symphony is redefining client interaction in insurance 

When an insurance client sends a message, every second counts. A delayed reply can cost trust, revenue, and even long-term loyalty. Symphony is helping...
Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions, has partnered with Connexure, a provider of quoting, underwriting and administrative software, to strengthen automation and risk management for carriers and managing general underwriters (MGUs).

Connexure and Gradient AI to streamline carrier analytics

Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions, has partnered with Connexure, a provider of quoting, underwriting and administrative software, to...
Abacus Global Management, a financial services company specialising in alternative asset management and data-driven wealth solutions, has acquired AccuQuote, a leading online life insurance brokerage company.

Abacus buys AccuQuote to enhance digital insurance offering

Abacus Global Management, a financial services company specialising in alternative asset management and data-driven wealth solutions, has acquired AccuQuote, a leading online life insurance...
Nava Benefits, a US-based employee benefits and healthcare technology provider, has unveiled HQ, an AI-powered platform designed to simplify benefits administration for HR teams.

Thrive Capital backs Nava Benefits with $30m round

Nava Benefits, a US-based employee benefits and healthcare technology provider, has unveiled HQ, an AI-powered platform designed to simplify benefits administration for HR teams. The...
Zego, a leading insurtech company transforming motor insurance with flexible, data-driven policies, has renewed its partnership with Clearspeed, the global leader in voice-based risk assessment technology.

Clearspeed and Zego expand voice-based motor insurance solution

Zego, a leading insurtech company transforming motor insurance with flexible, data-driven policies, has renewed its partnership with Clearspeed, the global leader in voice-based risk...
Geico, one of the largest auto insurance providers in the United States, has appointed Arianna Orpello as its new chief marketing officer (CMO), effective January 2026.

Arianna Orpello joins Geico as chief marketing officer

Geico, one of the largest auto insurance providers in the United States, has appointed Arianna Orpello as its new chief marketing officer (CMO), effective...
Actuaries often face significant delays and inefficiencies in the loss reserving process, with traditional workflows slowing down analysis. Legacy systems and fragmented data sources frequently make it difficult to access the detailed information needed to produce accurate reserve estimates. According to Akur8, a leading InsurTech company, these limitations can turn quarterly reserve reviews into a race to simply complete reports, rather than an opportunity to deliver in-depth, actionable insights.

Transforming loss reserving with centralised data

Actuaries often face significant delays and inefficiencies in the loss reserving process, with traditional workflows slowing down analysis. Legacy systems and fragmented data sources...
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The headlines arrive faster than anyone can process them. Missile strikes. Warnings of retaliation. Oil markets jolt as tensions rise around the Strait of Hormuz. Governments scramble to evacuate citizens. Across television studios and diplomatic corridors, the same uneasy question returns: when will this conflict stop?

What the US-Iran conflict reveals about global insurance risk

The headlines arrive faster than anyone can process them. Missile strikes. Warnings of retaliation. Oil markets jolt as tensions rise around the Strait of...
Many customers are familiar with the frustration of contacting a bank or insurer, only to be met with automated systems that fail to understand their needs. Long wait times and generic responses often add to the problem, rather than resolving it.

How AI is transforming call centres in banking and insurance

Many customers are familiar with the frustration of contacting a bank or insurer, only to be met with automated systems that fail to understand...
UK home insurers are expected to post a Net Combined Ratio of 103% in 2026, returning to loss-making territory as rising costs and competitive pressures weigh on profitability.

UK home insurers set for losses again in 2026

UK home insurers are expected to post a Net Combined Ratio of 103% in 2026, returning to loss-making territory as rising costs and competitive...
Zocks, an AI assistant for financial advisors, is expanding into the life insurance market with automation tools designed to streamline documentation, underwriting and client management.

Zocks brings AI assistant to life insurance workflows

Zocks, an AI assistant for financial advisors, is expanding into the life insurance market with automation tools designed to streamline documentation, underwriting and client...
HSB, part of Munich Re, has launched a new AI liability insurance product designed to protect small and medium-sized businesses from risks associated with artificial intelligence use.

HSB launches AI liability cover for SMEs

HSB, part of Munich Re, has launched a new AI liability insurance product designed to protect small and medium-sized businesses from risks associated with...
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