Tag: insurtech

A recent survey by ZestyAI has revealed that 73% of insurers believe AI models are key to managing climate-related losses, as the insurance industry grapples with mounting losses from extreme weather.

Marsh, the world’s largest insurance broker and risk advisor, and part of Marsh McLennan, has announced two significant leadership appointments. Alistair Fraser will step into...

Parametrix, a leader in cyber insurance solutions, has launched an innovative insurance product designed to protect enterprise clients from the costs associated with digital disruptions.

Everest Reinsurance, the reinsurance division of Everest Group, Ltd., has announced the appointment of Emily Davis as head of its global specialties business.

SageSure, a leading managing general underwriter (MGU), has announced a new partnership with Auros Reciprocal Insurance Exchange to offer improved homeowners’ insurance solutions in the states of Louisiana and Mississippi.

Honeycomb Insurance, a leading managing general agent (MGA) specialising in landlord and condo association insurance, has broadened its reach into Washington and Maryland, meaning the firm now insures over $35bn in assets.

Akur8, a leader in InsurTech specialising in next-generation insurance pricing and reserving solutions, has entered into a strategic partnership with Windward Risk Managers.

Insurers face increasing pressure for transparent pricing, with calls for clarity and justification of premiums coming from management, agents, and customers alike. Transparency offers assurance and supports regulatory compliance. However, many insurers are now shifting towards data-driven pricing models that emphasise performance, customisation, and profitability over traditional transparency. Dynamic insurance pricing software provider Quantee explores the key reasons behind this evolving approach.

Swiss Re, a global reinsurance leader based in Switzerland, has announced the sale of its iptiQ European P&C business to Allianz Direct, the pan-European digital insurer of Allianz Group.

SchemeServe, a UK-based cloud provider of insurance software, has announced a new data partnership with Addresscloud to improve insurers’ capacity to deliver more accurate, data-backed premiums for individual properties.