Tag: AI underwriting

Southern Oak Insurance Company and Lilypad-Centauri Insurance, two insurers operating in catastrophe-prone coastal markets, have expanded their use of ZestyAI, an AI-powered risk and...

Key US InsurTech investment stats in Q4 2025: US InsurTech deal activity grew by 33% YoY in Q4 2025 Californian firms secured a third...

Key US InsurTech investment stats in 2025: US InsurTech funding fell by 18% YoY in 2025 New York, California, Texas and Illinois were tied...

Skyward Specialty Insurance Group, a specialty property and casualty insurer, has announced a strategic partnership with Sixfold to accelerate its transition towards fully AI-powered...

Insurwave has announced that Westfield Specialty International (Westfield) and its syndicate at Lloyd’s have joined as new clients. The collaboration arose from Westfield’s strategic aim...

IntellectAI has introduced a new breed of AI-driven underwriting tools designed to elevate decision-making across commercial and specialty lines.

Sapiens International Corporation has introduced the latest version of its automated underwriting and new business case management platform, designed specifically for life and annuities insurers.

A recent report by Capgemini highlights that 62% of insurance executives acknowledge AI and machine learning as crucial for enhancing underwriting quality and reducing fraud. However, only 43% of underwriters consistently trust predictive analytics recommendations. This discrepancy raises an essential question: how can AI truly transform underwriting, and what trends are driving its adoption in the InsurTech industry? Custom software development company Symfa investigates.