Tag: AI
How AI could help insurers manage rising climate costs
Climate change is putting insurance models under growing pressure as rising claims costs, natural catastrophe losses and more expensive repairs push premiums higher. For...
ZestyAI’s ZORRO Discover boosts Georgia Farm Bureau Mutual
ZestyAI, the risk decision platform for the insurance sector, has partnered with Georgia Farm Bureau Mutual Insurance Company, the farmer-founded mutual insurer serving rural...
Earnix urges insurers to balance AI speed with control
Insurance companies are under pressure to make decisions more quickly as risk, customer behaviour and market conditions change. But according to Earnix, reducing the...
Acrisure’s Auris AI targets insurance’s data silos
Acrisure, the global FinTech group spanning insurance, reinsurance, payroll, benefits, cybersecurity and real estate services across 19 countries, has launched Auris AI, an applied...
Why insurers can build pricing models faster than they can use...
AI is making insurance pricing models faster to build, but the time between validating a model and applying its output to customers can still...
EQT agrees $2bn deal for McGill and Partners
McGill and Partners, a technology-enabled specialty (re)insurance broker, has agreed to be acquired by EQT in a deal valuing the business at $2bn.
The transaction...
Where is generative AI creating value in insurance today?
The potential of generative AI has caused a widespread race across the insurance sector. Firms are embroiled in various pilots and tests to see...
HappyRobot targets insurance as AI agent adoption grows
HappyRobot, an AI-native operations platform, has secured $150m in Series C funding as it scales its autonomous AI agent technology across enterprise sectors, taking...
KYND uses Anthropic AI to sharpen cyber underwriting
KYND, a cyber risk analytics platform for the insurance market, has partnered with Anthropic’s Cyber Verification Programme, gaining access to Claude’s frontier AI models...
Why AI built for insurance decisions matters for MGAs
Managing general agents (MGAs) have built their position in the insurance market around agility, using specialist knowledge to identify opportunities, enter niche markets, respond...
