Caitlyn Jones

The emergence of technology in the insurance sector has consistently pushed the boundaries of traditional practices, aiming for more accurate, data-driven solutions. Recently, SchemeServe, a leading provider of cloud-based insurance software, forged a partnership with Addresscloud, renowned for its advanced geographic risk assessment tools. This strategic collaboration aims to profoundly transform property scheme insurance by integrating Addresscloud’s geolocation, peril, and

Vertafore, a leading provider of insurance technology, has acquired Surefyre, an advanced submission and underwriting platform designed to support Managing General Agents (MGAs) and wholesalers. This strategic acquisition enhances Vertafore’s existing MGA ecosystem through Surefyre’s AI-enabled, low-code/no-code technology. By integrating these cutting-edge tools, Vertafore aims to significantly improve the efficiency and speed of the quoting process, offering MGAs a modern

Bindable, an InsurTech firm acclaimed for its alternative distribution technology, has introduced an innovative virtual agency model to streamline the establishment of property and casualty (P&C) insurance agencies for various businesses. This model specifically targets the growing interest from organizations in adjacent industries that seek to incorporate insurance services into their existing offerings. Bindable’s new solution empowers these companies to

Pro Global, a respected advisor in the specialist insurance sector, has significantly enhanced its Digital Services under the leadership of Kristy Lovegrove, Group Head of Technology. This strategic development aims to meet the rising demand for automation and technology-driven efficiencies within the global re/insurance market. As the industry faces increasing cost pressures and a rapidly evolving technological landscape, Pro Global’s

In the ever-evolving landscape of the insurance industry, one of the most enduring and significant challenges has been the high costs and infrequency associated with financial reporting analyses. Addressing this issue, WTW, a global advisory, broking, and solutions company, has launched ResQ Machine-led Reserving, promising to revolutionize how insurers and reinsurers handle financial reporting and reserving processes. This advanced product

Pro Global, a prominent advisor in the specialist insurance sector, has taken significant strides forward with the enhancement and expansion of its Digital Services, led by Kristy Lovegrove, Group Head of Technology. This initiative is designed to meet the burgeoning demand for automation and efficiency across the global re/insurance industry. Following Pro’s acquisition of Propel Automation in 2023, the company

In a significant development within the cyber risk management landscape, CyberCube, a leader in cyber risk analytics, has formed a strategic alliance with Miller, an independent specialist (re)insurance broker. The collaboration integrates CyberCube’s Broking Manager and Prep Module tools into Miller’s operational practices, significantly enhancing their ability to quantify and mitigate cyber risks. With a rich history dating back to

The partnership between Bolt and Salesforce aims to revolutionize the way insurance quoting processes are handled by integrating Salesforce’s Financial Services Cloud (FSC) with Bolt’s expansive insurance exchange. This collaboration leverages the strengths of Salesforce’s Customer Relationship Management (CRM) capabilities and Bolt’s extensive network of insurance providers, paving the way for a faster and more accurate quoting system. The unified

In a move set to revolutionize the aviation insurance industry, Concirrus has introduced its new Aviation Aggregations module, which is designed to tackle key challenges faced by aviation underwriters in assessing risk exposure and managing portfolios. This module is part of Concirrus’s broader aviation platform and aims to enhance real-time data insights and advanced analytics. The Aviation Aggregations module offers

The Global Insurance Market Index, published today by Marsh, revealed that global commercial insurance rates experienced their first decline in seven years. In the third quarter of 2024, rates dropped by 1%, marking the first decrease since Q3 2017. This decline indicates a continuation of the moderating rate trend observed in recent quarters. The key factors driving this trend include