Tag: Underwriting

AI governance in commercial insurance: why now matters

Commercial insurers are rethinking how they scale artificial intelligence, and according to IntellectAI, the question driving boardrooms in 2026 is no longer how fast AI can be deployed but how it can be deployed responsibly.

AI investment is accelerating with two-thirds of insurance CEOs allocating 10...

Key views of percentage of budget spent on AI in insurance companies: KPMG’s Insurance CEO Outlook surveyed 110 insurance CEOs across 11 markets, all leading...

Adaptive Insurance taps ZestyAI for storm risk underwriting

Adaptive Insurance, a specialist provider of climate-focused insurance products, has selected ZestyAI, an AI-powered risk and decision intelligence platform, to integrate property-level storm risk...

Insurance CEOs identify agentic AI as a value driver with 44%...

KPMG's Insurance CEO Outlook surveyed 110 insurance CEOs across 11 markets, all leading organisations with revenues above $500m 44% of CEOs expect agentic...

How a carrier launched an excess casualty line in 15 weeks

In the fast-moving Excess & Surplus (E&S) market, launching a new line of business typically takes anywhere between 12 and 18 months. Legacy system...

AI is rewriting the rulebook for P&C claims — here’s how

Billions of dollars are paid out in P&C insurance claims each year, yet many firms still underinvest in claims transformation. Kevin Reilley, CEO at Westhill...

Erie Strategic Ventures backs Atomic and Feathery

Erie Strategic Ventures, the venture capital arm of Erie Insurance, has announced investments in two technology-driven startups, Atomic and Feathery. The fund, launched in 2022,...

Hagerty prices upsized 9.7m share stock offering

Hagerty has priced its upsized secondary offering of Class A common stock at $9.34 per share, with 9.7m shares being sold by Hagerty Holding...

The high cost of cutting insurance tech investments

Insurance in 2025 can be categorised as a period of uncertainty. Global economic conditions, highly competitive markets and evolving customer demands are all contributing...

ZestyAI bags $15m from CIBC to scale AI risk platform

ZestyAI, a US-based InsurTech company specialising in AI-powered risk analytics for the property and casualty insurance sector, has secured a $15m credit facility from CIBC Innovation Banking.
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