Tag: Insurance

AXIS Capital Holdings Limited has revealed plans to enhance its suite of specialty insurance solutions in North America with the introduction of a Canadian Environmental Impairment Liability (EIL) insurance unit.

The advent of generative AI is not just a futuristic vision but a present reality transforming how businesses communicate with customers. This cutting-edge technology, underpinned by large language models (LLMs) like GPT-4, BERT, ELECTRA, and RoBERTa, is setting new standards for customer interaction and service delivery. It enables systems that not only manage communications but also predict and adapt to customer needs with unprecedented personalization and efficiency.

Digitalisation is a cornerstone of any discussion related to transformation within insurance. As firms try to meet the demands of the modern customer, their path relies on their digitalisation strategy; however, this is a rather ambiguous term that can mean different things to each insurance organisaiton. Several industry experts discussed the role of digitalisation within insurance  as part of the Professional InsurTech Certificate course.

Oka, a pioneering force in the carbon credit insurance market, has recently heralded the successful closure of a substantial $10m funding round.

A new initiative, known as the Travel Insurance Eco Challenge, has been launched aiming to foster sustainable travel practices within the global travel insurance industry.

EIS, a leading provider of Software as a Service (SaaS) platforms for the insurance industry, is set to introduce ClaimSmart™, an intelligent cloud solution designed to revolutionise claims management.

Chaucer, a leading insurance underwriting group, has introduced parametric cover to address weather-driven business interruption losses.

+Simple, a European insurance distribution platform for small businesses, has announced the acquisition of OM Suscripción de Riesgos, a Spanish underwriting agency specialising in surety insurance and owned by Grupo Morera y Vallejo.

Web Connectivity Limited (WCL), a subsidiary of Zywave, has agreed a deal to supply ACORD4ALL mappings to Velonetic in support of Blueprint Two adoption in the London Market.

Blink Parametric and Zurich Insurance in Asia Pacific have teamed up to offer a flight delay solution that will provide customers with real-time flight delay benefits.