Tag: Digital transformation

The landscape of the insurance industry is undergoing a profound transformation, driven by rapid technological advancements.

In an era defined by rapid technological strides, the insurance industry stands on the cusp of an extraordinary evolution, heralding a new dawn through the prospect of a digital transformation. Amidst this profound change, the sector has emerged as a haven of innovation, embracing a digital metamorphosis that promises a new beginning in the space.  

63% of Singapore's insurance market is set to replace core management systems in 2024, according to a recent global study by Novidea. 

Arch Insurance North America has made a strategic move with the appointment of Prabhu Venkataraman as Chief Information Officer (CIO).

IEHP, a prominent healthcare provider, has consistently relied on Ushur for its strategic communication automation needs. This partnership has seen the successful launch of over 265 campaigns in various languages since May 2022, effectively reaching 619K IEHP members.

Digital transformation and innovation are becoming keystones in the insurance sector's evolution. Caroline Bedford, Chief Executive at EDII, delves into the pivotal role of fostering innovation and future-focused skills in the insurance industry in the latest episode of Hyperexponential's podcast.

The digital transformation of the insurance industry has been underway for many years. Carriers have drastically improved their efficiency, speed and accuracy through the implementation of new technologies. Now the sector may be looking towards data analytics to make the latest leap in the space. 

Nordnet has extended its partnership with Lumera, and is now set to launch a SIP insurance savings account offering, as it enters the Finnish market.

Layr, an Insurtech company for independent commercial insurance brokerages, has secured $10m in its recent funding round.

Federato has announced an exciting partnership with Google Cloud to integrate advanced AI capabilities into its RiskOps underwriting platform.