Tag: insurtech

Openkoda, a leading provider of open-source enterprise software, has launched a GenAI-powered platform which is set to revolutionise modern insurance applications.

Bolttech, a fast-growing global InsurTech company, has successfully secured a $50m venture debt facility from HSBC.

The Claims Portal, a UK Ministry of Justice-mandated service for managing personal injury claims valued between £5,000 and £25,000, has partnered with CRIF to improve user experience and modernise the claims management process.

Luma Financial Technologies, a global leader in structured products and insurance solutions, has announced its expansion into the life insurance sector.

As UK insurers grapple with rising claims costs and escalating premiums, the pressure on onboarding processes has never been greater. Motor claims payouts surged by 18% last year, while British drivers faced premium hikes of over a third, outpacing the rest of Europe. At the same time, home insurance renewal quotes soared by 42%, leaving insurers scrambling to adapt. Given these tribulations, the efficiency and effectiveness of insurance onboarding has become crucial. 

Novidea, a leading InsurTech firm known for its cloud-based, data-driven insurance enterprise management platform, has bolstered its presence in the London Market by relocating to a larger office space in the heart of the City of London.

Key Global InsurTech investment stats in Q3 2024: Global InsurTech deal activity dropped by 49% YoY US and French companies completed all of the...

Qover, a leading InsurTech company specialising in embedded insurance solutions, has partnered with Mastercard to improve the online shopping experience for Mastercard credit cardholders in Belgium and Luxembourg.

Migrating from on-premises to cloud infrastructure is a major leap for any organisation. This was the case for a Fortune 500 insurer seeking to modernise its operations. Their existing system, which relied on outdated methods and manual processes, was no longer fit to handle the enormous amounts of data generated daily. This transformation involved building a robust, automated platform, transitioning to the cloud, and optimising for efficiency and scalability. Customer software development company Symfa explains how it supported the firm on this journey.

Mulberri, a digital insurance platform focused on innovating business insurance, has joined forces with Qualys in a bid to deliver enhanced cyber insurance offerings.