Tag: Insurance

Agentero, a digital insurance network dedicated to modernising insurance distribution, has launched a new compliance management solution to simplify producer management for carriers, Managing General Agents (MGAs), and agencies.

Peak3, a global leader in InsurTech, is redefining the insurance landscape through the launch of its accumulator insurance propositions for personalised coverage.

AI expert agents are emerging as powerful tools in the insurance industry, reshaping the underwriting process by mimicking human decision-making. As artificial intelligence continues...

In the fast-evolving world of insurance, loss reserving and policy pricing have long been treated as separate entities within operational frameworks. These two critical functions, when isolated, often lead to inefficiencies, inconsistent assumptions, and sluggish reactions to market shifts. Such disconnects can erode an insurer’s profitability and weaken its competitive edge, according to Akur8. 

SiriusPoint has unveiled a new strategic partnership with Holmes Murphy, one of the largest independent insurance brokerages in the US.

The insurance sector is undergoing a significant transformation, driven by cutting-edge automation technologies and evolving customer expectations. Over recent years, innovations such as artificial intelligence (AI) and intelligent process automation have drastically improved insurers' ability to process claims, streamline operations, and enhance customer interactions.

When analysts begin working in pricing, their first instinct is often to dive straight into modelling. Generalised Linear Models (GLMs) are a standard approach, commonly taught as the foundation for pricing models. It is easy to get caught up in testing different variables, applying transformations, and searching for interactions. However, focusing solely on model mechanics can cause analysts to overlook fundamental limitations, according to Quantee. 

Edenred Payment Solutions, a UK-based e-money institution, has launched a new Virtual Card Number product designed to help insurance companies speed up claims payments.

Generative artificial intelligence (GenAI) is rapidly reshaping the financial services sector, offering insurers and lenders new ways to enhance efficiency, improve accuracy, and personalise customer interactions. Earnix, a leader in AI-driven decision-making solutions, highlights how GenAI is automating routine tasks, allowing teams to focus on more strategic initiatives that drive business growth.

Peak3, a global InsurTech company specialising in cloud-based insurance solutions, has raised $35m in a Series A funding round to accelerate its expansion across the UK and European markets.