Tag: fraud detection
Why insurers must modernise AML with AI now
In today’s evolving financial crime landscape, the insurance sector is facing increasing scrutiny. Long considered a low-risk area, both life and non-life insurance products are now being exploited for money laundering, sanctions evasion, and fraud.
London based Quantexa tops the list of largest UK InsurTech deals...
Key European InsurTech investment stats in Q1 2025:
European InsurTech funding decreased by 7% YoY in Q1 2025
UK dominated the European InsurTech deal...
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...
Cytora and Xapien unite to revolutionise due diligence in commercial insurance
Cytora, a leading digital risk processing platform, has formed a strategic partnership with Xapien, an innovative company known for its AI-powered due diligence capabilities.
Navigating the hype: Is generative AI the future of InsurTech
The buzz around Generative Artificial Intelligence (AI) in the insurance sector is undeniable. Each keynote, panel, and networking break at business conferences seem to...
How tech is boosting sales and improving customer experience
Artificial Intelligence (AI) has become a pivotal force in the retail sector, offering an innovative solution to the daunting challenge faced by retailers. Scanbot...
FRISS survey finds insurers increasingly interested in fraud detection software
FRISS, an automated fraud and risk detection solution for P&C insurance companies, has found insurance carriers are putting focus on fraud prevention through a new survey.
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