Tag: Insurance Industry

Lloyd’s, the world’s leading insurance marketplace has signed a Memorandum of Understanding (MoU) with DIFC Academy to develop future industry talent.

The Earnix 2024 Industry Trends report revealed that nearly 75% of insurers have hundreds of rules embedded in their underwriting systems, with 18% stating they manage thousands. This overwhelming number of rules can complicate processes and impede efficiency. In response to these stark figures, Earnix is delving into how insurers can address these complexities and streamline their underwriting processes.

Key US InsurTech investment stats in H1 2024: US InsurTech market in a slump as funding dropped by 78% YoY Healthee secured the biggest...

One Inc, a pioneering digital payments platform dedicated to revolutionising the North American insurance industry, has recently announced a significant new investment from Nordic Capital.

FullCircl, a prominent player in the InsurTech sector, recently offered its perspectives on the British Insurance Brokers' Association's (BIBA) newly unveiled 2024 Manifesto.

One Inc, a pioneering digital payments network focused exclusively on the insurance sector, and J.P. Morgan Payments, a global leader in payment processing, have announced a collaborative effort.

Greater Than has revealed that its highly-vaunted artificial intelligence (AI) software has enabled ABAX to launch a new and autonomous car insurance broker brand.

Prodigy Health Insurance Services is set to leverage Gradient AI's underwriting solution to bolster its medical stop loss insurance offerings.

Ascend, a leading provider of financial operations automation software tailored for the insurance industry, has announced a strategic alliance with Embroker, that is set to revolutionise the insurance landscape.

The state of reinsurance pricing in 2023 is under scrutiny. With the landscape of risks evolving at an unprecedented pace, reinsurers are facing significant barriers to optimally underwriting risks. A staggering 70% of underwriters acknowledge that this rapidly changing environment presents the greatest challenge to their ability to underwrite risks effectively.