Sector Updates

The insurance sector is entering a new era of cyber exposure as artificial intelligence becomes increasingly embedded in business operations, according to cyber risk specialists KYND.

KYND warns on AI-driven cyber risk for insurers

The insurance sector is entering a new era of cyber exposure as artificial intelligence becomes increasingly embedded in business operations, according to cyber risk...
SageSure, one of the largest managing general underwriters in the US focused on catastrophe-exposed markets, has appointed John Sence as its new chief sales officer.

NJ-based InsurTech SageSure appoints new sales leader

SageSure, one of the largest managing general underwriters in the US focused on catastrophe-exposed markets, has appointed John Sence as its new chief sales...
Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, has named Frank Fumarola as its new chief product officer.

Coalition names new CPO to aid expansion goals

Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, has named Frank Fumarola as its new chief product...
bolttech, the global InsurTech, has acquired Kenya-based digital insurance platform mTek as part of a move to accelerate its strategic expansion in East Africa and deepen its embedded insurance capabilities worldwide.

Kenyan digital insurance platform mTek acquired by bolttech

bolttech, the global InsurTech, has acquired Kenya-based digital insurance platform mTek as part of a move to accelerate its strategic expansion in East Africa...
Producer onboarding has become one of the quietest yet costliest drags on revenue across the insurance sector. When producers wait weeks to begin selling, carriers and MGAs lose momentum, face rising compliance exposure and risk losing talent before activation even starts. Manual workflows—still the norm for many organisations—turn straightforward checks into an obstacle course of emails, spreadsheets and repeated data entry, according to Producerflow.

The key to faster producer activation

Producer onboarding has become one of the quietest yet costliest drags on revenue across the insurance sector. When producers wait weeks to begin selling,...
73% of insurance executives are planning to change their core insurance management technology within the next three years, according to a recent report by Novidea.

73% of insurance execs ready to modernise systems, Novidea says

73% of insurance executives are planning to change their core insurance management technology within the next three years, according to a recent report by...
Scaling a producer network starts with recruiting the right agents—a challenge many carriers and MGAs face as appointment and onboarding costs rise. Organisations that rely on reactive approaches, such as appointing anyone who applies or conducting manual research, risk wasted expenditure on non-producing agents, missed opportunities with high-potential producers, and increased administrative work. Implementing producer management software allows insurers to move from guesswork to a data-driven recruiting process that fuels distribution growth.

What drives successful data-driven producer recruiting

Scaling a producer network starts with recruiting the right agents—a challenge many carriers and MGAs face as appointment and onboarding costs rise. Organisations that...
Nationwide, a major US-based insurance provider, has partnered with Chrp, an AI-driven home risk assessment platform, to introduce a smartphone-led approach to home inspections.

Nationwide joins Chrp to boost AI-powered home safety

Nationwide, a major US-based insurance provider, has partnered with Chrp, an AI-driven home risk assessment platform, to introduce a smartphone-led approach to home inspections. The...
Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has appointed Rajesh Raheja as its new Chief Technology Officer (CTO).

Rajesh Raheja joins Duck Creek as CTO

Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has appointed Rajesh Raheja as...
Italian startup Liablix, an AI-driven InsurTech specialising in automated motor-claims analysis, has secured €1.2m as it looks to scale its technology internationally.

Liablix raises €1.2m to scale AI motor-claims platform

Italian startup Liablix, an AI-driven InsurTech specialising in automated motor-claims analysis, has secured €1.2m as it looks to scale its technology internationally. The company, founded...

News Stories

Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre, the insurance group, has agreed to take a holding in Tuio, a specialist digital insurance distributor built on advanced technology and a mature...
Verisk deepens event response with MIS acquisition

Verisk deepens event response with MIS acquisition

Verisk, a strategic data analytics and technology partner serving the global insurance sector, has completed the purchase of McKenzie Intelligence Services (MIS), a firm...
Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo, a Budapest-based InsurTech using AI and advanced data analytics to transform motor insurance, has secured $22.5m in Series B funding at a $1.6bn valuation,...
Can Curant.ai solve insurance’s claims complexity problem?

Can Curant.ai solve insurance’s claims complexity problem?

Curant.ai, an AI-powered InsurTech platform focused on modernising insurance claims, has secured $3.1m in seed funding as insurers look to move from early AI...
Can commercial carriers survive the end of the hard market?

Can commercial carriers survive the end of the hard market?

The prolonged hard market in North American commercial insurance has begun to ease, creating a new challenge for property and casualty (P&C) insurers as...
227198

60,000+ InsurTech leaders get exclusive insights delivered every week