Carrot General Insurance from South Korea is set to make waves in the Indonesian market through a new tie-up with Lippo General Insurance (LGI). Together they plan to shake up traditional insurance models by implementing a Behavior-Based Insurance (BBI) system, utilizing Carrot’s deep data analytics experience. This pioneering service will enable LGI to launch a Behavior-Based Reward (BBR) program, offering
The world of insurtech is abuzz with the news of Coterie Insurance’s successful $27 million funding round. Spearheaded by Hiscox and backed by existing investors, this substantial capital infusion reflects a vote of confidence in the firm’s innovative take on commercial insurance for small businesses. CEO David McFarland sees this as an affirmation of the company’s mission to overhaul the
The digital transformation landscape has been revolutionized by advancements in document scanning. The Scanbot SDK Web Document Scanner Demo represents this significant evolution, empowering developers and users alike to easily digitize paper documents through web browsers. This innovative software kit streamlines the conversion process, thereby revolutionizing document management in various industries. As organizations move to improve their document handling capabilities,
AXA Commercial has launched a groundbreaking digital directory, revolutionizing the brokerage of specialized risk sectors. This online tool showcases a comprehensive selection of AXA’s niche risk products, easily accessible to brokers. It simplifies their search, effectively categorizing options into areas like Specialty, Contractors, Liability, Motor, Property, and Combined. This innovative platform is set to alter the landscape for brokers in
Jeremy Johnson’s recent induction into the CLARA Analytics board marks a strategic move for the AI-driven insurance tech firm. Johnson boasts a distinguished track record in the insurance industry, having served as CEO of Protective Insurance and as the President of U.S. Commercial Insurance at AIG. His deep industry knowledge and visionary leadership are anticipated to greatly benefit CLARA. The
The insurance industry is undergoing a significant transformation as it moves away from conventional underwriting methods in favor of advanced technological solutions. At the forefront of this shift is Earnix’s Underwrite-It, an AI-driven platform that promises to revolutionize insurance underwriting with its enhanced efficiency, precision, and speed. Underwrite-It leverages artificial intelligence to analyze data more accurately and make informed decisions,
The FinTech realm is currently thriving, with companies like CareVoice leading the charge. After securing close to $10 million in a Series B round, CareVoice is emerging as a key player in revolutionizing the InsurTech industry. This growth is emblematic of a broader trend, as businesses worldwide harness the power of technology to disrupt age-old financial models, improve customer experiences,
Michal Kwiecinski steps into Air Doctor poised to leverage his wealth of experience from leading roles at notable insurers like Liberty Mutual and AXA, and within the European healthcare giant, Affidea. His seasoned tenure in various executive capacities, such as international Group SVP and country CEO, equips him with strategic insights that could prove transformative for Air Doctor. By connecting
In the dynamic landscape of cyber threats, the fusion of expertise and innovative technology is crucial for the protection of businesses. This is epitomized by the strategic alliance between Cyberwrite, a pioneer in cyber insurance analytics, and Howden, a veteran insurance brokerage. Their collaboration is set to transform the approach toward the assessment, communication, and mitigation of cyber risks. Together,
The insurance sector stands on the edge of a dynamic period marked by both significant hurdles and prospects for growth. As the horizon of the mid-2020s approaches, a plethora of challenges such as burgeoning cyber threats, the ramifications of environmental decline, and changing social and economic structures loom large. These factors compel insurers to be strategic, leveraging cutting-edge analytics and
Cytora, an AI-driven risk assessment firm in the insurance sector, has recently announced the strategic expansion of its global advisory board by welcoming Emmanuel Clarke, the former President and CEO of PartnerRe. Clarke’s addition heralds a significant move for Cytora as it seeks to strengthen its international presence and leverage his extensive experience to facilitate its growth ambitions. Strategic Expansion
With the insurtech sector growing, Novidea stands out by upgrading its platform significantly to revolutionize insurance. This update emphasizes improving operational efficiency and enhancing customer satisfaction. Novidea’s release introduces advanced features poised to alter how insurance tasks are managed. This article explores Novidea’s platform upgrade and its potential effects on the insurtech industry. The insurance technology industry is witnessing the
