Sector Updates

“Non-life insurance poses little to no money laundering risk.” For years, this belief has shaped global regulatory priorities. Life insurance remained under strict anti-money laundering (AML) oversight, while general insurance received limited attention. But as criminal methods evolve, so too must the approach to AML in non-life insurance.

Is AML in insurance still low risk?

“Non-life insurance poses little to no money laundering risk.” For years, this belief has shaped global regulatory priorities. Life insurance remained under strict anti-money...
HappyRobot, an AI enterprise platform developer based in the US, has formed a strategic partnership with Tokio Marine Future Fund, the venture arm of Japan’s leading insurance group Tokio Marine.

HappyRobot joins forces with Tokio Marine for Asia growth

HappyRobot, an AI enterprise platform developer based in the US, has formed a strategic partnership with Tokio Marine Future Fund, the venture arm of...

Asia Insurance goes live with CoverGo health platform

Asia Insurance, one of the leading general insurers in Hong Kong and Macau, has gone live with CoverGo’s next-generation, end-to-end health insurance platform. The collaboration...
Canada’s auto lending sector is facing a period of transformation. While dealer reserves continue to be a core part of the market, rising vehicle prices, higher interest rates and growing regulatory scrutiny are challenging traditional lending models. This shifting environment is pushing lenders, dealers and borrowers to rethink long-standing practices and explore more transparent and efficient ways to balance profit with credit access, according to Earnix.

How AI is reshaping Canada’s auto finance landscape

Canada’s auto lending sector is facing a period of transformation. While dealer reserves continue to be a core part of the market, rising vehicle...
Digital banking has transformed financial services, making them faster and more accessible than ever before. Yet, this convenience comes at a cost, with personal connections diminishing. Branch visits are nearly obsolete, making it harder for banks to sustain meaningful engagement with their customers, to the detriment of trust and loyalty.

How banks can boost loyalty through health engagement

Digital banking has transformed financial services, making them faster and more accessible than ever before. Yet, this convenience comes at a cost, with personal...
Optifino, the digital Brokerage General Agency (BGA), and Covr Financial Technologies, a provider of digital insurance solutions, have announced a transformative merger to create Digital BGA 3.0.

Optifino and Covr merge to launch Digital BGA 3.0

Optifino, the digital Brokerage General Agency (BGA), and Covr Financial Technologies, a provider of digital insurance solutions, have announced a transformative merger to create...
Zurich North America, a leading commercial insurance provider and part of Zurich Insurance Group, has announced a strategic integration with Nearmap, a global provider of property and location intelligence for insurers.

Zurich unveils AI aerial insights for faster underwriting

Zurich North America, a leading commercial insurance provider and part of Zurich Insurance Group, has announced a strategic integration with Nearmap, a global provider...
One Inc, the leading payments network, and Equisoft, a global provider of advanced digital solutions for the financial services sector, have announced a new partnership to deliver modern premium payment experiences for insurers and policyholders.

Equisoft integrates One Inc’s PremiumPay for insurers

One Inc, the leading payments network, and Equisoft, a global provider of advanced digital solutions for the financial services sector, have announced a new partnership...
Insurers gain transparency with Ortec Finance’s SBML

Insurers gain transparency with Ortec Finance’s SBML

Ortec Finance has expanded its Scenario-Based Machine Learning (SBML) approach, and has showcased it through a case study with M&G Investments. The case study...
Sixfold, an underwriting AI company, specialising in property and casualty (P&C) insurance, risk assessment automation, and AI-driven underwriting solutions, has today announced a significant upgrade to its platform with the launch of Referral Agent.

Sixfold launches Referral Agent to streamline underwriting

Sixfold, an underwriting AI company, specialising in property and casualty (P&C) insurance, risk assessment automation, and AI-driven underwriting solutions, has today announced a significant...

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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