Tag: Fintech

Descartes Underwriting has launched a new parametric insurance product to protect US-based utility-scale solar farms from tornado damage, offering up to $70m in coverage.

South African InsurTech Naked, known for its AI-powered and fully digital insurance platform, has raised $38m in a recent financing round.

As the European Union's Digital Operational Resilience Act (DORA) comes into effect, KYND, a leader in cyber risk intelligence and management, is urging financial services firms to prioritise long-term cyber resilience within their operations.

QBE Insurance has committed £400m in capacity to Pen Underwriting’s UK and Ireland operations as part of a renewed strategic partnership. The collaboration has been...

The insurance sector is undergoing a transformative shift, driven by the surge in artificial intelligence (AI) solutions. Vendors are flooding the market, each boasting capabilities to revolutionise claims processing, enhance efficiency, and unlock business value. While this wave of innovation presents immense opportunities, it also brings a significant challenge: selecting the right AI partner from a crowded and competitive field. For decision-makers, this choice could make or break operational success.

WTW, a global advisory, broking and solutions company, has announced the appointment of Mark Mamone as head of technology delivery and strategy within its insurance consulting and technology (ICT) business.

SBLI, The Savings Bank Mutual Life Insurance Company of Massachusetts, is set to transform life underwriting by leveraging Swiss Re’s Underwriting Ease solution through...

FCCI Insurance Group has significantly enhanced its customer service capabilities by implementing Glia’s advanced contact centre solution.

Columbia Insurance Group (CIG), a mutual insurer specialising in property and casualty coverage for small and mid-sized businesses, has partnered with One Inc to implement cutting-edge solutions to enhance its policyholder experience. 

Insurance firms have begun implementing environmental, social and governance (ESG) data into their offerings amidst a swell of pressure from stakeholders. This data is transforming underwriting profitability, enabling better risk assessments, product innovation, and regulatory compliance.