Tag: Machine Learning

A recent report by Capgemini highlights that 62% of insurance executives acknowledge AI and machine learning as crucial for enhancing underwriting quality and reducing fraud. However, only 43% of underwriters consistently trust predictive analytics recommendations. This discrepancy raises an essential question: how can AI truly transform underwriting, and what trends are driving its adoption in the InsurTech industry? Custom software development company Symfa investigates.

Moody’s Corporation has announced its plans to acquire CAPE Analytics, a pioneer in geospatial AI intelligence for residential and commercial property risk evaluation.

Farm Bureau Insurance Company of Idaho has partnered with Akur8 to enhance its pricing capabilities through advanced machine learning. Farm Bureau Insurance Company of Idaho,...

Key European InsurTech investment stats in Q3 2024: European InsurTech deal activity increased by a third QoQ Investors prioritise deals under $100m with an...

Key UK InsurTech investment stats in H1 2024: UK InsurTech deal activity dropped by 32% in H1 2024 YoY The average deal size completed...

Pinpoint Predictive, an innovator in the InsurTech sector, has successfully completed its Series A funding round, amassing more than $23m.

Akur8, known for its next-generation insurance pricing solutions powered by transparent machine learning, has recently teamed up with the Louisiana Workers' Compensation Corporation (LWCC).

Nirvana, a pioneering health tech company, today announced a significant boost to its mission of bringing transparency to health insurance processes.

Heritage Insurance, a leading property and casualty insurance holding company based in Tampa, Florida, has teamed up with Akur8, known for its next-generation insurance pricing solutions powered by transparent machine learning.

Markel has partnered with mea Platform to enhance the accuracy of its underwriting procedure by utilising Machine Learning (ML).