Tag: insurance 2023

In the evolving landscape of insurance, there is a stark need for adaptation. The rampant shift towards digitalisation has impacted the very core of how insurers operate, but the data-driven wave hasn't been smooth sailing. Underwriters and actuaries, key players in the industry, voice discontent with contemporary processes.

Inari, described as a "core technology infrastructure provider for the global insurance and reinsurance industry", has successfully secured $5.2m in a seed funding round. This was led by Caixa Capital Risc, operating through Criteria Venture Tech.

Akur8, described as the next-generation insurance pricing solution utilising transparent machine learning, has announced a strategic collaboration with SGI CANADA, a prominent property and casualty insurance division operating in five Canadian provinces, with the shared goal of enhancing the insurance pricing process.

The Lloyd’s 'Principles of Doing Business', launched in 2022, is a comprehensive 156-page framework designed to guide managing agents on the standards of excellence across different facets of insurance - from pricing and underwriting to governance and culture. Yet, with its length and detail, it isn't light reading.

In today's insurance landscape, customers eagerly anticipate all services to be available digitally without delay. Gone are the days when tedious paper-based protocols were...

For over ten years, Shelter Insurance® has utilised RCT's groundbreaking software. This partnership traces back to 2007, when Shelter sought RCT's expertise to tackle efficiency and consistency hurdles tied to their vast field surveys.

The aviation sector, with its rich tapestry of innovations and challenges, has always mirrored the intricacies of our rapidly evolving world. From major incidents like 9/11 and the subsequent geopolitical challenges, to facing global health crises such as the COVID-19 pandemic and the growing demands of climate action, aviation has consistently proven its resilience.

Successful pricing and underwriting transformation mandates not just a vivid vision but the sustained momentum to actualise it. This transformation isn't a one-size-fits-all approach; it varies for each business. Yet, the goal remains consistent: refining the process of assessing and insuring risk.

India-based Square Insurance Brokers Private Limited, a Rajasthan-based firm authorised by IRDA under the Insurance Brokers Regulations of 2002, has just added another feather to its cap.

Irish FinTech company, Fineos, primarily known for its prowess in the insurance software segment, has impressively clinched a $40m investment to fortify its financial foundation.