Tag: AI

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...

Earnix names Matthew Twist as VP of sales for EMEA

Earnix, a Dynamic AI for Intelligent Decisioning provider serving the insurance and banking sectors, has named Matthew Twist as its new vice president of...

Octave taps Cytora technology for new MGA launches

Cytora, an AI-powered risk processing platform for commercial insurers, has entered a partnership with Octave Specialty Group, a specialty insurance platform that builds, buys...

Insurers move beyond AI pilots as governance takes control

The insurance sector is moving from AI experimentation towards more structured adoption, with governance, accountability and decision intelligence emerging as key priorities at MGAA...

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,...
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