The insurance industry is undergoing a significant transformation as various insurtech companies unite to form the InsurTech Coalition. Boost, Branch, Clearcover, Lemonade, and Root Insurance have joined forces to shape the future of insurance. This trade organization aims to embrace new ideas, leverage innovative technologies, and challenge long-standing business models. In a time when telematics, data science, and artificial intelligence
Insurance companies have traditionally operated in a traditional and risk-averse manner. However, in today’s rapidly evolving landscape, digital transformation and innovation have become keystones in the industry’s evolution. Customer expectations are rapidly changing, forcing insurance companies to adapt and evolve to stay relevant. This article explores the role of digital transformation and innovation in the insurance sector and how companies
Novidea, a leading provider of insurance software solutions, has recently appointed two seasoned sales managers, James Doe and Mike Scott, to spearhead the company’s growth in the dynamic and competitive insurance sector. With a focus on expanding their team with top talent, Novidea aims to solidify its position as a market leader and expand its reach across territories. Expansion Plans
Lassie, a trailblazing InsurTech startup, has recently made waves in the industry by successfully raising €23m in a Series B funding round led by Balderton Capital. This substantial funding round not only demonstrates Lassie’s potential but also signifies the growing interest in innovative solutions within the pet insurance sector. With a unique approach that combines insurance and wellness coaching, Lassie
Breastfeeding mothers face significant challenges when it comes to balancing their work and personal lives. Unfortunately, discrimination and retaliation in the workplace are all too common for these individuals. In a recent case, a former airport customer service agent accused her former employer, Sun Country Airlines, of engaging in discriminatory practices by failing to provide appropriate facilities for expressing breast
Seedly Travel Insurance is a budget-friendly travel insurance option that caters to the needs of all travellers, with a special emphasis on families and adventure enthusiasts. With its comprehensive coverage and attractive features, Seedly Travel Insurance offers peace of mind for journeys abroad. Let’s explore the various benefits and protections offered by this insurance plan. Complimentary Riders Seedly Travel Insurance
During the Geneva Association Summit 50, Antonio Huertas, Chairman and CEO of MAPFRE, delivered a powerful keynote speech addressing crucial topics in the insurance industry and urging proactive measures to drive positive change. Huertas’ speech covered a range of subjects, including the ethical risks of AI, striking a balance between regulation and competitiveness in Europe, cyber risks as a significant
Talanx’s Retail International division has recently achieved a significant milestone with the finalization of its acquisition of the business of Liberty Seguros in Brazil. The deal, executed on November 22, 2023, marks a major step forward for HDI, enabling them to strengthen their presence in the Brazilian insurance landscape. The acquisition, worth an undisclosed amount, not only expands their market
In an effort to combat the rising wave of insurance fraud, AXA UK has announced a strategic partnership with Synectics Solutions. The collaboration aims to enhance AXA UK’s anti-fraud measures through the integration of Synectics Solutions’ leading-edge fraud prevention tool, SIRA. By leveraging sophisticated data analysis and fraud detection technologies, AXA UK hopes to avert potential financial losses while safeguarding
AXA UK, one of the leading insurance providers in the country, has announced a groundbreaking partnership with Synectics Solutions to enhance its fraud prevention measures. Through this collaboration, AXA UK aims to leverage Synectics Solutions’ fraud prevention solution, SIRA, to mitigate potential losses amounting to millions of pounds. SIRA Platform Overview At the core of this partnership lies the SIRA
Howden, the renowned global insurance group, has made a groundbreaking announcement regarding the launch of a dedicated European cyber and technology errors & omissions lineslips. This innovative product, developed in collaboration with Canopius and IQUW, enjoys support from three other Lloyd’s insurance company markets. With impressive limits of up to EUR 20,000,000 and an A Excellent – A.M. Best Credit
Liva Insurance and Oman Arab Bank (OAB) have joined forces to offer exclusive benefits to their growing customer base across the Sultanate of Oman. This collaboration comes as part of Liva Insurance’s strategy to provide the best insurance solutions while adding value to customers and enhancing their lives. Liva Insurance’s Strategy Liva Insurance is dedicated to providing the best insurance
