Tag: insurtech

OneShield, a pioneer in core systems for the insurance industry, has recently announced a strategic partnership with Coforge, a leading global provider of digital...

Markel, an insurance operation within Markel Group Inc., has introduced a Specialty practice within its International Wholesale division.

In the world of insurance, the revolution spurred on by technology is not just reshaping the industry’s landscape, but also its impact on the planet. InsurTech companies are at the forefront of a sustainable revolution, steering the course toward a greener world. Through innovative practices and technological prowess, these firms are shaping a more responsible, environmentally conscious future, with impact investing at the heart of it.

A hard reinsurance market, though challenging, brings forth a unique opportunity for innovation and growth. Amidst the largest capital squeeze in reinsurance since 2008, the market faces reduced capacity, intensifying the need for fast, responsive, and precise pricing strategies as pivotal drivers of growth. Solutions such as Hyperexponential‘s hx renew are attempting to redefine this space, enabling effective pricing strategies and take ownership of the market.

American International Group, Inc. (AIG) has successfully concluded its secondary offering of Corebridge Financial, Inc. (CRBG) shares, generating approximately $712m.

London-based InsurTech Novidea has revealed that it will be expanding into the Southeast Asian market.

Novidea has announced a new senior vice president of product in a bid to drive the strategic direction of its market-leading insurance management platform.

The challenges surrounding periodic full inventory counts, whether conducted annually, semi-annually, or quarterly, present a significant obstacle for warehouses and distribution centres. These exercises often disrupt operations, prompting many companies to seek alternative methods like cyclical counting. However, this approach can prove labour-intensive and financially burdensome, preventing its widespread adoption within businesses. Scanbot SDK delves into the future of the space.

5Star Life Insurance Company (5Star Life) has added to its Board of Directors in a bid to grow its market presence.

UK InsurTech startup CatX has successfully raised $2.7m in seed funding as the company looks to bridge the gap between supply and demand in the reinsurance sector.