The digital era has brought with it an ever-expanding threat landscape, thrusting cyber insurance into the limelight as an essential facet of corporate risk management. The protection it offers against the fallout of data breaches, ransomware attacks, and other cyber incidents has become indispensable. Yet, the journey to securing this coverage has long been fraught with obstacles, particularly the rigorous
Beat Capital Partners, led by founder and CEO Stephen Pike, is redefining the credit insurance sector with its innovative platform, Convergence. This cutting-edge solution is designed to streamline the complex world of credit and political risk insurance. Committed to innovation, Convergence is set to be a major player in an often-neglected field, using advanced technology to modernize an essential industry.
MassMutual has embarked on an innovative partnership with Insurify, revolutionizing the P&C insurance sector. This strategic move allows MassMutual to extend its offerings in personal and commercial insurance by leveraging Insurify’s artificial intelligence prowess. The union aims at providing MassMutual’s network of financial professionals with sophisticated digital resources, thereby enhancing operational efficiency and boosting client satisfaction. MassMutual is capitalizing on
The recent announcement of AKKO’s acquisition of Upsie is a development that strikes at the heart of the device insurance sector. In a deal that has sent ripples across the financial technology industry, the merger is expected to significantly alter the landscape of consumer electronics insurance. AKKO, known for their innovative approaches to device protection, pairs excellently with Upsie’s consumer-centric
In October 2022, Amazon ventured into the insurance market with the launch of its Amazon Insurance Store in the UK. This platform was designed to streamline the home insurance buying process. Users had access to a variety of policies from well-known insurers like Ageas and LV=. Despite these high-profile partnerships and the brand’s massive reach, the store closed down in
In response to the escalating threat of cyberattacks, Cytora has joined forces with the cybersecurity firm DynaRisk. This strategic union is positioned to revolutionize the field of cyber risk evaluation and the insurance industry at large. With data breaches becoming increasingly commonplace, businesses face mounting pressure to fortify their security measures. The collaboration between Cytora and DynaRisk is set to
In the legal world of workplace equality, the case of Legge v Environment Agency has brought to the forefront the question of whether non-feminist beliefs are entitled to protection under discrimination law. This pivotal case serves as the battleground for assessing the extent to which employees’ beliefs can be shielded from discrimination, highlighting the complexities inherent in balancing personal convictions
The year 2023 marks a period of unprecedented achievement for the global reinsurance market, with notable growth and profitability that has firmly established its vitality and significance in the financial landscape. A meticulous analysis provided by the esteemed Gallagher Re’s report reveals a sector in the throes of a prosperous phase, characterized by a robust capital base expansion and marked
The controversy surrounding Workday, an HR software company, has escalated as the EEOC argues to advance a lawsuit. They claim Workday’s AI-driven job applicant filtering tool might unintentionally enable discrimination, potentially breaching Title VII of the Civil Rights Act, which outlaws job discrimination on various grounds, including race and sex. Contrarily, Workday seeks to dismiss the case, maintaining that as
The advancement of artificial intelligence (AI) and machine learning (ML) is poised to revolutionize the Property & Casualty (P&C) Insurance industry, as discussed in the Capgemini Research Institute’s World Property and Casualty Insurance Report 2024. The introduction of these cutting-edge technologies signifies a substantial shift from longstanding insurance practices, setting a new course for the sector. Not only are customer
The insurtech sector is undergoing fast-paced changes as firms embrace technology to innovate within the insurance realm. Standing at the vanguard of this shift is McKenzie Intelligence Services (MIS), a UK-based leader in geospatial intelligence. This company has taken a major step by expanding into the U.S. through its recent collaboration with the UK|CT Insurtech Corridor. This move signifies more
For far too long, businesses have struggled with the limitations of traditional insurance offerings when faced with flood-related losses. The National Flood Insurance Program (NFIP) and private insurers have often failed to extend adequate coverage to meet all the needs arising from flood incidents. This has left companies vulnerable and exposed to the full financial brunt of natural disasters. Sensing
