Tag: Fintech

In the dynamic realm of insurance, a silent revolution is underway, orchestrated not by charismatic CEOs or flamboyant disruptors but by the enigmatic force of machine learning (ML). These complex algorithms have become insurance industry oracles, predicting claims and determining premiums with uncanny accuracy.

Nirvana Insurance has selected Ascend, a financial operations automation platform, to enhance and expand its direct bill processing capabilities. 

Ascot Group has revealed the appointment of a new Group Chief Operating Officer (COO), effective immediately, to spearhead their global operational support organisation

Coalition, the world's first active insurance provider, has rolled out a new Miscellaneous Professional Liability (MPL) Insurance offering.

WTW, a prominent player in the insurance industry, has introduced a groundbreaking cyber insurance product specifically tailored for small and medium-sized enterprises (SMEs) with annual revenues below $50M. 

Insurance Europe, alongside nine other European associations, has called upon the European Commission’s President, Ursula von der Leyen, to expedite crucial EU legislation on access to vehicle data.

Insurity has launched an AI-powered analytics solution which it claims will revolutionise decision-making for P&C insurance carriers.

Resilience, a cybersecurity firm, has announced a significant extension of its underwriting authority, to serve large global companies with up to $10bn in annual revenues.

Microinsurance provider MIC Global has successfully raised $6 million in a seed funding round, with Launchpad Capital leading the investment. 

In the rapidly evolving landscape of financial technology, the decision to deploy infrastructure either on-premises or in the cloud has become a critical choice for organisations. The preferences often vary based on factors such as operational needs, financial considerations, and overall business strategy. Software development company Symfa explores the reasons behind the growing trend of opting for on-premises data centres.