Tag: insurance brokers

Why manual placement is InsurTech’s costliest blind spot

Despite billions of dollars invested in commercial insurance digitisation over the past decade, the wholesale distribution pipeline remains a paradox, according to a new...

California cemented its place as the main US InsurTech hub with...

Key US InsurTech investment stats in H1 2026: US InsurTech deal activity grew by 10% YoY Californian companies secured 35% of all deals to...

Cybercrime tops insurance performance threats at 83% alongside AI readiness and...

Key views of trends negatively impacting insurance organisation’s performance: KPMG’s Insurance CEO Outlook surveyed 110 insurance CEOs across 11 markets, all leading organisations with revenues...

IntellectAI’s Magic Placement cuts quote workloads by 60%

Processing insurance quotes has long been one of the most time-consuming and error-prone tasks facing commercial brokers. IntellectAI is looking to change that with its...

Insurance CEOs identify agentic AI as a value driver with 44%...

KPMG's Insurance CEO Outlook surveyed 110 insurance CEOs across 11 markets, all leading organisations with revenues above $500m 44% of CEOs expect agentic...

Applied Systems acquires Cytora to expand AI in insurance

Applied Systems has acquired Cytora, a digital risk processing platform for the insurance sector, in a move aimed at strengthening its artificial intelligence (AI) capabilities.

AI-driven Magic Placement transforms underwriting with smarter document insights

Insurance brokers are under growing pressure to process increasingly complex documentation while maintaining accuracy and speed. From comparing quotes to evaluating binders and policies,...

Konsileo raises £8m to drive UK expansion in commercial broking

Chartered commercial broker Konsileo, which specialises in providing insurance services to mid-market businesses, has successfully raised £8m to support its expansion across the UK.

Stoïk secures $27m in Series B to bolster cyber insurance for...

Stoïk, a French InsurTech startup, recently secured Series B funding of €25m ($27m).

The impact of loss run data on insurance operations and negotiations

In the realm of InsurTech, the ability to accurately assess risk, calculate premiums, and determine policy renewals hinges significantly on understanding historical losses.
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