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In an era defined by technological leaps, the insurance industry faces a pivotal juncture: with the opportunity to embrace Generative AI (GenAI) to elevate the customer experience at the forefront of that. FinTech Global had the privilege to speak with Deepti Kalra, Vice President & Head of AI Products & Solutions – Insurance Analytics at EXL, to delve into the crucial facets of GenAI and its transformative potential within insurance. 

The Chartered Insurance Institute (CII) has recently announced the appointment of two new Vice Presidents Enas Asiri and Suresh Nair.

Novidea‘s groundbreaking insurance management solution has led to Pathpoint experiencing a monthly 20% compounded growth for the last 18 months.

Mulberri, an innovative AI-driven embedded business insurance platform, has recently successfully closed its Series A funding round.

5Star Life Insurance Company (5Star Life) has added to its Board of Directors in a bid to grow its market presence.

Global professional services firm Synpulse has partnered with Cenata to leverage its outwards reinsurance system.

Northern Reinsurance SPC, a balance sheet reinsurer based in New York and Cayman, has successfully increased its committed capital by securing an additional $50m in funding.

INSTANDA, a global frontrunner in no-code insurance platform technology, collaborates with Farmsure Underwriters Ltd, a leading name in agricultural insurance.

Ascend, a leading provider of financial operations automation software tailored for the insurance industry, has announced a strategic alliance with Embroker, that is set to revolutionise the insurance landscape.

Singlife, a financial services company from Singapore, announced a significant capital injection today.