Sector Updates

Yorkshire Building Society has helped its customers save more than £1m on home insurance premiums, thanks to its 0% commission model launched in partnership with Uinsure six months ago.

YuLife, a UK-based InsurTech firm, has launched Preventative AI, a new technology designed to revolutionise underwriting and risk management by integrating real-time health data and predictive analytics.

Certificial, a leading Certificate of Insurance (COI) platform and creator of the Smart COI Network™, and Applied Systems, a global provider of cloud-based insurance software, have announced an exclusive integration

ZestyAI, a US-based InsurTech company specialising in AI-powered risk analytics for the property and casualty insurance sector, has secured a $15m credit facility from CIBC Innovation Banking.

Tego, a specialist healthcare underwriting agency based in Australia, has partnered with UK-based InsurTech ChainThat to launch its healthcare entity malpractice product on the Beyond Policy Administration (BPA) platform.

Insurance operations have long suffered from fragmentation, where each step, from submission to policy issuance, is handled by disconnected systems. IntellectAI is challenging this approach by introducing two integrated ecosystems: one for underwriting and another for distribution. These ecosystems are engineered to support the full policy lifecycle, offering seamless collaboration, improved data sharing, and reduced redundancy.

Akur8, an InsurTech firm delivering AI-driven pricing and reserving solutions, has named Dino Draghi as head of Brazil.

MetLife, a global provider of insurance, annuities and employee benefits, has announced an expanded collaboration with Sprout.ai to enhance claims processing across major markets including the U.S., Asia, and Latin America.

The insurance world is getting a facelift, and it’s not the kind you’d find in a glossy broker’s office. Artificial intelligence is muscling in on underwriting, swapping dusty ledgers for algorithms that predict risk with eerie precision.

COVR Global, a London-based InsurTech startup focused on revolutionising insurance claims processing, has secured $2.5m in seed funding to accelerate the development of its AI-powered decision engine.