Tag: Insurance

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.

A landmark study by the University of Groningen has demonstrated the tangible financial benefits of digital health engagement, revealing that insurers can cut healthcare costs by up to 5.3% over the next two years. The research, which analysed a major Dutch health insurer’s data, highlights the potential of digital platforms to drive user engagement and reduce the strain on healthcare systems. At the forefront of this transformation is dacadoo, whose second-generation platform not only enhances engagement but also leverages AI and behavioural science to optimise underwriting and dynamic pricing.

WTW, a global advisory, broking, and solutions company, has named Massimo Cavadini as head of product, pricing, claims and underwriting for Continental Europe.

ZestyAI, an artificial intelligence-driven predictive analytics company, has announced a new partnership with digital insurance company Lemonade to optimise underwriting for key catastrophe perils across the U.S.

Administrative tasks make up a substantial portion of the over $4tn annual healthcare expenditure in the United States. Despite digital advancements, only a quarter of healthcare members actively engage with existing digital portals and apps. As a result, call centres remain overwhelmed, struggling to meet demand. But Ushur is helping to change that through its AI Agent for Member Service.

Vitesse, a global treasury and payment provider for the insurance industry, and Five Sigma, an AI-native claims management technology company, have announced a strategic partnership aimed at modernising claims payouts.

ZestyAI has partnered with the Colorado FAIR Plan to improve insurance access for homeowners struggling to secure coverage due to wildfire and climate risks. The...

UK PayTech platform Blink Payment, which specialises in digital payment solutions, has announced its integration with ParaCode to enhance the payment processes for insurance brokers.

As the insurance sector continues its shift towards digital solutions, companies must adopt robust, scalable, and secure technology infrastructures. Cloud-based platforms, automation, and real-time...

Financial institutions, particularly insurers and banks, face mounting pressure to harness data effectively for decision-making. Machine learning (ML) has become a critical tool in...