In a significant announcement, Akur8, a leading insurtech company, and Wüstenrot Gruppe, a prominent financial services provider, have revealed their collaboration aimed at enhancing Wüstenrot’s pricing capabilities in Austria. This partnership is set to introduce a cutting-edge risk modelling and rate-making platform that is designed to serve all lines of business. With the introduction of Akur8’s innovative solution, pricing teams
In today’s digital age, the ability to work remotely has become a game-changer for businesses and employees alike. It offers flexibility, increased productivity, and cost savings. However, along with these benefits come significant risks. When employees are “out of sight, out of mind,” it becomes crucial for businesses to prioritize compliance and security in remote work environments. In this article,
Transamerica, a prominent financial services corporation, has announced a strategic partnership with Bestow Inc., a cutting-edge digital life insurance startup. This collaboration aims to enhance Transamerica’s financial protection offerings by leveraging Bestow’s intuitive digital platform with enhanced self-service options. The shared vision of empowering individuals to create a better future through saving, investing, and protecting their loved ones has united
In an era of rapid technological advancement, insurers are increasingly turning to artificial intelligence (AI) solutions to enhance their operations. One such successful partnership is between Markel and Cytora, a leading AI-powered insurtech. This article delves into the remarkable achievements of their collaboration, highlighting a staggering 113% increase in productivity for Markel’s underwriting team. Increased Productivity Highlighting the impact of
The insurance industry is experiencing a significant transformation thanks to the integration of artificial intelligence (AI) technology. As AI becomes more sophisticated, it is revolutionizing various aspects of the industry. This article explores the role of AI in detecting fraudulent claims, offering personalized policies, reshaping the industry, introducing innovative services, and transforming the insurance landscape, among other topics. AI in
In a significant development in the insurtech sector, the international company bolttech has welcomed the leading impact investment firm LeapFrog Investments as a strategic investor in an extension of its Series B funding round. With LeapFrog’s US$50 million investment, the total funding for the round now amounts to an impressive US$246 million, making it the largest ever Series B round
BriteCore, a leading provider of SaaS core administration solutions for property/casualty (P&C) insurance carriers, has announced a wave of innovative product features to meet the evolving needs of P&C insurers. With a focus on delivering greater efficiency, productivity, and a modern customer experience, BriteCore aims to empower insurers through its cloud-native platform. This article explores the new features offered by
Insurify, a leading InsurTech company, has recently announced a partnership with embedded insurance startup Fletch to expand its platform offerings by introducing pet insurance. This strategic collaboration comes in response to research conducted by Insurify, which showcases that pet care costs are a top concern for their clients. Research Findings According to the research conducted by Insurify, pet care costs
Planck, the global insurtech platform for commercial insurance, has unveiled its groundbreaking product, Planck PLUS. This cutting-edge offering aims to redefine underwriting by harnessing the power of generative artificial intelligence (GenAI). By leveraging the latest AI technologies and proprietary machine learning models, Planck PLUS sets a new standard in underwriting risk research, insight generation, data attribution transparency, and automation. Overview
In the ever-evolving landscape of insurance, NEXT Insurance has taken a significant leap forward with the launch of its innovative Coverage Builder. This groundbreaking tool enables agents to micro-tailor small business quotes for their clients, providing a more personalized and effective approach to insurance coverage. This article explores the features and benefits of Coverage Builder, its accessibility for both agents
In an exciting development for the insurance industry, Insurify, the leading online insurance comparison platform, has entered into a multi-year agreement with Santander Consumer, one of the largest automotive finance companies in the United States. This groundbreaking partnership aims to provide Santander’s customers with access to Insurify’s innovative digital insurance comparison and shopping experience. By harnessing the power of Insurify’s
In an effort to streamline the process of obtaining cyber insurance coverage for AWS customers, Measured, a leading provider of AI-driven insurance solutions, has joined the AWS Cyber Insurance Partner Initiative. By leveraging its advanced quoting solution and AI-driven analytics, Measured aims to empower SMEs in mitigating cyber risks and protecting their digital assets, while reducing the complexities associated with
