Tag: Underwriting

The insurance sector is grappling with a pricing tool dilemma. A significant 81% of insurers express doubts regarding the effectiveness of their current pricing technologies. One of the main culprits? Excel.

KYND and Nirvana, two trailblazing names in their respective fields, have joined forces to revolutionise cyber underwriting. KYND stands out as a provider of advanced cyber...

Hampden Risk Partners (HRP), a prominent Lloyd's syndicate, is making waves in the underwriting world. Optalitix, an esteemed InsurTech firm, stands out for its advanced data analytics solutions.

Tokio Marine Seguradora, a top-ranking insurance provider headquartered in São Paulo, has joined hands with Akur8, a trailblazer in risk modelling solutions.

NMI, a leading full commerce enablement technology company, has acquired Sphere's Commercial Division, to strengthen their underwriting and risk management capabilities.

FinTech and InsurTech are rapidly evolving, consistently introducing game-changing technologies, among which embedded AI and generative AI stand prominently. These advancements aren’t mere buzzwords but rather critical tools altering the landscape of commercial and specialty insurance, particularly in the realms of underwriting and customer experience.

CRIF, a major player in Europe's financial services sector known for its risk management solutions, has ventured into the UK's insurance market with a real-time pet insurance service.

Tradition is something to be honoured, but not at the expense of progress. In recent years insurance carriers have moved away from paper forms, and instead implemented digitalisation throughout their product. But there is more to come. In particular, the digital transformation of underwriting still remains a key headache.

NFP, a prominent insurance broker, has announced its newest venture, Totalis Program Underwriters, a distinguished brand tailored for its specialty programme sector.

Within the realms of specialty and commercial insurance, there's a heightened focus on precision. These particular markets demand more than just the usual numerical analysis when it comes to policy pricing. For them, pricing is not only a combination of art and science but also a strategic influencer. As the world embraces digital advancements, those who manage to break free from traditional practices dominate the industry.