Tag: Digital transformation

Over three quarters of insurance execs view increasing technology spend as...

Insurance investment stats in 2025: 120 insurance leaders across carriers, agencies and tech firms were surveyed on 2025 priorities 78% of respondents expected to...

Dun & Bradstreet reveals 2025 resilience trends

A new survey by Dun & Bradstreet has uncovered how financial services and insurance (FS&I) leaders are confronting rising threats and data challenges while pursuing AI and digital transformation.

Westfield adopts Insurwave platform for risk management

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...

European InsurTech investments plummeted by 64% YoY amid market uncertainties in...

Key European InsurTech investment stats in Q3 2025: European InsurTech investments plummeted by 64% YoY in Q3 Average deal value halved to $13.9m as...

NFP taps Qumis AI to streamline policy intelligence

NFP, an Aon company and global leader in P&C insurance and risk consultancy, has expanded its digital transformation strategy by partnering with Qumis, a legal-grade AI platform built specifically for the insurance sector.

Why insurers must balance fast service with accurate AI outputs

As expectations for speed and convenience rise, insurance companies are under growing pressure to deliver fast, seamless service to their clients. Yet, as M-Files warns, speed without accuracy—especially when deploying generative AI—can risk customer satisfaction and ultimately harm a firm’s reputation.

74% of insurers are prioritising digital transformation and tech adoption in...

74% of insurers are prioritising digital transformation and tech adoption in 2025 43 leading insurance C-level executives from across more than 10 countries...

US reinforced its global InsurTech market dominance securing half of Q1...

Key Global InsurTech investment stats in Q1 2025: Global InsurTech funding increased by 59% YoY US reinforced its global InsurTech market dominance securing half...

AI-driven risk assessment propels the AI in insurance market to $141bn...

AI in insurance market is expected to grow from $8.13bn in 2024 to $141.44bn by 2034, driven by investments in AI-powered risk assessment...

Asian InsurTech funding plunged by 71% in 2024 as deals over...

Key Asian InsurTech investment stats in 2024: Asian InsurTech funding plunged by 71%in 2024 Deals over $100m in 2024 reached a 5-year low bolttech,...

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