Tag: Insurance

intenseye raises $64m in Series B to drive workplace safety

Intenseye, a frontrunner in AI-driven workplace safety solutions, has successfully raised $64 million in a Series B funding round. 

K2 Insurance reveals new head of K2 International in bid to...

K2 Insurance Services, a prominent independent specialty insurance program manager, has announced a senior leadership reshuffle in a bid to continue the firm’s growth.

FWD Group partners with Microsoft to shape the future of AI-driven...

FWD Group Holdings Limited and Microsoft have a four-year extension to their partnership that is designed to shape the future of AI-driven insurance experiences.

UK insurer BHSF selects Sapiens to assist their digital transformation

UK insurer BHSF has selected Sapiens International Corporation to assist them in their digital transformation.

Akur8 and MGS Seguros join forces to revolutionise insurance pricing in...

Akur8 and MGS Seguros have announced an exciting collaboration aimed at revolutionising insurance pricing strategies within the Spanish market.

Guardian Life reveals new leadership appointment to propel digital evolution

Guardian Life Insurance Company of America® has announced the appointment of Steve Rullo, an esteemed digital and technology leader, to the role of Chief Digital and Technology Officer. 

Pekin Insurance implements Guidewire Cloud to power core business

Pekin Insurance, an Illinois-based multi-state property and casualty (P&C) insurer, has announced that it has implemented the Guidewire InsuranceSuite on Guidewire Cloud to power its core business.

InsurTech startup Cake lands $1.3m in pre-seed funding

Cake, a transactional marketplace tailored for independent insurance agents, has successfully concluded a pre-seed funding round, securing a $1.3m investment.

CareVoice welcomes new CCO to drive insurance partnerships

The CareVoice, a global leader in embedded health solutions, is delighted to announce the appointment of Simon Guest as Chief Commercial Officer and member of its Leadership team.

What is the role of price optimisation in insurance?

Actuaries, often dubbed as mathematical risk managers, play a pivotal role in the insurance industry. Their expertise in quantifying and managing risk is essential for insurers in a market where financial responsibility for potential negative outcomes is traded. However, determining the cost of this responsibility isn't a straightforward task; it involves estimating expected losses akin to manufacturing costs for tangible goods. Yet, setting a price demands more than just knowing costs; it requires calibrating profit margins to market realities and consumer behaviours. InsurTech Quantee delves into the intricate process, known as price optimisation.
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