Verisk has taken a bold step in its journey to modernize the insurance landscape by launching its Whitespace platform in the United States. This powerful tool aims to transform the operations of brokers, underwriters, and managing general agents (MGAs) within the global (re)insurance market, focusing especially on the excess and surplus (E&S) and specialty insurance sectors. At its core, the
Lockton, the world’s largest privately-owned insurance brokerage, has introduced Lockton Pulse, a cutting-edge digital insurance platform aimed at small and medium-sized enterprises (SMEs) and individuals in Australia. This represents a major transformation in the insurance landscape, responding to the increasing demand for quick, efficient, and convenient insurance services designed specifically for the unique needs of smaller business entities and private
In the constantly evolving insurance industry, where data-driven decisions are becoming the norm, a new partnership between Cytora and PriceHubble is set to revolutionize property risk assessment. Cytora, known for its digital risk processing platform, is joining forces with PriceHubble, which specializes in advanced real estate data analytics. By integrating PriceHubble’s extensive real estate database into Cytora’s platform, this strategic
Coalition, renowned as the world’s first Active Insurance provider, is making significant strides in the European insurance market with the appointment of Tine Simonsen as the new head of insurance for continental Europe. This strategic move signals an ambitious expansion plan aimed at enhancing the company’s presence and influence across the region. Coalition’s Innovative Insurance Model The Active Insurance Approach
In a recent case handled by the Fair Work Commission (FWC), a casual worker lodged an unfair dismissal claim against a holiday park due to a significant communication breakdown following a change in management. This case provides valuable insights into the complexities of casual employment, emphasizing the importance of trust and transparent communication. Background of the Case The worker had
In a significant development within the financial solutions sector, TreviPay, a leading B2B payments and invoicing network, has announced a strategic partnership with Allianz Trade, a global leader in trade credit insurance. This collaboration is set to significantly enhance risk management and underwriting solutions for businesses, particularly small to medium-sized businesses (SMBs). By integrating trade credit insurance with traditional trade
Akur8, established in 2019, has rapidly emerged as a frontrunner in insurance pricing and reserving solutions. With its Transparent Machine Learning technology, the company is reshaping the non-life insurance landscape. The ITC Vegas event is a significant convergence point for insurance tech entrepreneurs, investors, and industry experts, drawing more than 9,000 professionals from over 55 countries. Akur8’s sponsorship underscores its
The insurtech and fintech sectors are undergoing a transformative phase, marked by significant advancements in cybersecurity, fraud prevention, and community financial access. These developments are not just technical upgrades but strategic pivots that signal a deeper commitment to security and inclusivity in today’s financial landscape. From high-profile appointments and innovative partnerships to technological breakthroughs, a variety of initiatives are redefining
The world of insurance is rapidly evolving, with new partnerships and innovations paving the way for more comprehensive and customer-friendly solutions. One such groundbreaking collaboration is between Insuritas and Recoop Disaster Insurance. This strategic alliance has the potential to revolutionize the insurance offerings of financial institutions, providing them with diversified income streams and their customers with enhanced protection options. The
EXL, a leader in data analytics and digital operations, recently announced a groundbreaking innovation set to revolutionize the insurance sector: the EXL Insurance Large Language Model (LLM). This new technology specifically targets insurance operations, aiming to address long-standing challenges in claims processing and underwriting. Such advancements signify a significant leap toward increasing accuracy, efficiency, and regulatory compliance in the industry.
The rise of technology in the financial sector has ushered in a new era of innovation and efficiency, and the health insurance industry is no exception. Enter Rey, a Jakarta-based InsurTech startup that is making waves with its AI-driven health insurance platform. Founded in 2021 by Evan Tanotogono and Bobby Siagian, Rey aims to disrupt traditional models and bring a
The HealthTech landscape continues to evolve rapidly, with startups like Air Doctor at the forefront of leveraging technology to revolutionize healthcare accessibility. Recently, this Israeli startup garnered significant attention by securing $20 million in a Series B funding round, signaling strong investor confidence in its innovative platform. The latest investment round was spearheaded by aMoon, along with participation from Tokio
