Sector Updates

Turning AI promise into business performance

Artificial intelligence (AI) has moved from hype to boardroom priority in financial services and insurance, but the challenge now lies in translating potential into...
The insurance sector is grappling with a rapidly changing environment, driven by technological advancements, shifting customer expectations, and economic pressures. Amid this dynamic maelstrom, achieving sustainable profitability has become more important than ever, according to Earnix.

How insurers can secure sustainable profitability in 2025

The insurance sector is grappling with a rapidly changing environment, driven by technological advancements, shifting customer expectations, and economic pressures. Amid this dynamic maelstrom,...
OpenDialog, an AI Agent platform transforming customer journeys across the insurance industry, has launched Rhea, an AI-powered re-engagement agent designed to help insurers recover customers who abandon their quote process before completion.

OpenDialog unveils Rhea to boost insurer conversions

OpenDialog, an AI Agent platform transforming customer journeys across the insurance industry, has launched Rhea, an AI-powered re-engagement agent designed to help insurers recover...
Majesco, a leading provider of cloud-native, AI-driven software for the insurance industry, has launched the MGA Model Office, a pre-configured system within its P&C CoreConnect platform designed to transform how managing general agents (MGAs) operate.

Majesco launches MGA Model Office to streamline underwriting

Majesco, a leading provider of cloud-native, AI-driven software for the insurance industry, has launched the MGA Model Office, a pre-configured system within its P&C...
A single claim used to take an hour to process. Now it takes four minutes. In a quiet corner of the office, the hum of computers has replaced the shuffle of papers, and the decisions once made by teams are executed by an AI agent with surgical precision.

How Majesco cuts insurance claims from an hour to four minutes

A single claim used to take an hour to process. Now it takes four minutes. In a quiet corner of the office, the hum...
When generic AI isn’t enough: why insurance needs its own brain

When generic AI isn’t enough: why insurance needs its own brain

Insurance companies may be eager to adopt generative AI capabilities, but generic models often fail to grasp the industry’s complexities
Bajaj Life, one of India’s leading private life insurers, has unveiled its upgraded and enhanced customer app, the Bajaj Life Insurance App, designed to simplify policy management and improve user engagement.

Bajaj Life unveils enhanced app for life goals tracking

Bajaj Life, one of India’s leading private life insurers, has unveiled its upgraded and enhanced customer app, the Bajaj Life Insurance App, designed to...
QuickFacts, a leading digital insurance platform for brokers, and BOXX Insurance, a specialist cyber insurer focused on prevention-first solutions, have joined forces to enhance cyber coverage access for brokers.

QuickFacts partners with BOXX to expand broker cyber solutions

QuickFacts, a leading digital insurance platform for brokers, and BOXX Insurance, a specialist cyber insurer focused on prevention-first solutions, have joined forces to enhance...
WTW, a global professional services firm specialising in advisory, broking, and risk management, today announced the launch of Captive Fit, a new analytical and strategic service, as the captive insurance market continues to see significant growth.

Captive Fit by WTW enhances insurance programme efficiency

WTW, a global professional services firm specialising in advisory, broking, and risk management, today announced the launch of Captive Fit, a new analytical and...
Amica Mutual Insurance Company, the nation’s longest-standing mutual auto insurer, has announced a new multi-year partnership with Penn State Athletics, becoming the programme’s Official Auto, Home, and Life Insurance Partner.

Amica and Penn State join forces in multi-year sports deal

Amica Mutual Insurance Company, the nation’s longest-standing mutual auto insurer, has announced a new multi-year partnership with Penn State Athletics, becoming the programme’s Official Auto,...

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...
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