Sector Updates

OpenAI reported a surge in demand from the insurance and wider financial services industries, as major insurers and financial institutions accelerate the deployment of artificial intelligence across their operations.

OpenAI drives GenAI growth in insurance and finance

OpenAI reported a surge in demand from the insurance and wider financial services industries, as major insurers and financial institutions accelerate the deployment of...
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...

News Stories

Agero, MOTER team up on connected claims

Agero, MOTER team up on connected claims

Agero, a digital driver assistance provider operating through its recently acquired Urgently platform, and MOTER Technologies (MOTER), an InsurTech firm that converts connected vehicle...

AXA expands AI agent hub with Publicis Sapient

AXA, the global insurance and asset management group, has entered into a strategic partnership with Publicis Sapient, a technology company specialising in enterprise AI...

intellectAI Insurance’s month of listening exposes wholesale broking’s data gap

IntellectAI has used its Broker Appreciation Month (BAM) campaign, which ran throughout July, to surface the operational friction still holding back wholesale insurance distribution,...
What music can teach insurance actuaries

Actuaries and music: a mathematical connection

Actuaries and musicians may work in very different fields, but both rely on patterns, interpretation and judgement. At Akur8, several actuaries say their experience with...
Orange brings three insurance products to market simultaneously

Orange brings three insurance products to market simultaneously

Orange Insurance Exchange has gone live with three property insurance products simultaneously across Florida, moving onto Solstice Innovations' AI-native Equinox policy administration platform. The Florida...
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