Tag: underwriting automation

AI-driven Magic Placement transforms underwriting with smarter document insights

Insurance brokers are under growing pressure to process increasingly complex documentation while maintaining accuracy and speed. From comparing quotes to evaluating binders and policies,...

AI in insurance underwriting: Overcoming challenges and unlocking value

Artificial intelligence (AI) is having a profound impact on insurance underwriting, transforming long-established processes and significantly improving insurers’ capabilities. From improving risk assessment to tailoring offers and automating administrative functions, AI is enabling a new era of agility and competitiveness in the InsurTech space, as Earnix explains.

US firms secured half of all InsurTech deals in Q1 2025...

Key Global InsurTech investment stats in Q1 2025: Global InsurTech funding increased by 59% YoY US firms secured half of all InsurTech deals in...

Cytora joins Google Cloud Marketplace to expand AI risk digitisation for...

Cytora, an AI-powered risk digitisation platform, has announced its availability on Google Cloud Marketplace, as it looks to enhance accessibility for insurers, managing general...

AI-driven risk assessment propels the AI in insurance market to $141bn...

AI in insurance market is expected to grow from $8.13bn in 2024 to $141.44bn by 2034, driven by investments in AI-powered risk assessment...

Cytora and Xapien unite to revolutionise due diligence in commercial insurance

Cytora, a leading digital risk processing platform, has formed a strategic partnership with Xapien, an innovative company known for its AI-powered due diligence capabilities.

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