Tag: Insurance

P&C and health pricing teams operate in a dynamic environment. They need to ensure that their current pricing strategy is not only appropriate for their policyholders but also accurately aligned with the evolving competitive and regulatory landscape. In reality, pricing executives act as insurance portfolio managers, constantly monitoring margins, loss ratios, and GWP to align with both the insurer's overall strategy and market competition. Recent regulations such as the UK's Customer Duty, also highlight the necessity for real-time identification of risk outliers within portfolios and the ability to explain these outliers to regulators, making this capability a regulatory requirement.

Juno, the first company in the U.S. to provide child disability insurance, has announced the successful closure of an $8.5m Series A funding round.

Embroker, the digital insurance company simplifying the insurance buying experience for businesses, has unveiled its specialised coverage program designed for real estate agents and brokers.

Five Sigma, a prominent AI claims management software company, has introduced the insurance industry’s first AI-powered Insurance Adjustment Agent, Clive™.

Insurity has partnered with Glia to launch a new platform designed to modernise and improve the way insurance carriers and MGAs interact with policyholders and agents.

Allianz Partners, a world leader in assistance services, has been appointed by the Paris 2024 Organising Committee for the Olympic and Paralympic Games to provide medical assistance and repatriation during the event.

Gradient AI, an independent provider of artificial intelligence (AI) solutions for the insurance industry, has successfully raised $36m.

Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), has announced that Rob Cole has joined the company as chief actuarial officer.

Lemonade, the digital insurance company powered by AI and social impact, today announced the launch of Buildings and Contents insurance in the UK.

The insurance sector is a dynamic market that continuously evolves due to technology, policyholder demands, and legislation. To stay competitive and provide optimal service, insurers must adapt to these changes. Comarch, a global IT business products provider, explores several trends shaping the insurance claims landscape.