In a groundbreaking collaboration, Akur8, a next-generation insurance pricing solution, has joined forces with SGI CANADA, a prominent property and casualty insurance division, to enhance the insurance pricing process in Canada. With a shared vision of harnessing cutting-edge technology, this partnership aims to optimize SGI CANADA’s insurance pricing process by utilizing Akur8’s revolutionary RISK module for property and casualty lines.
Aviva Life Insurance, India’s most trusted private life insurance company, has recently announced the launch of the Aviva Signature 3D Term Plan. This non-linked, non-participating individual pure risk life insurance plan is designed to provide customers with comprehensive financial coverage and safeguard them from unforeseen life occurrences such as death, disease, and disability. With its wide range of benefits, the
Efficient data exchange is crucial in the insurance industry, and the recently published ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit is set to revolutionize the way insurance data is shared. This toolkit introduces a new data messaging standard specifically designed to facilitate the efficient exchange of insurance data. In this article, we will delve into the various aspects
Qover, a leader in embedded insurance orchestration, is proud to announce the successful granting of full authorization by the Financial Conduct Authority (FCA). This achievement comes after seven years of active operations in the UK market and solidifies Qover’s commitment to regulatory compliance and excellence. The granted license marks a significant post-Brexit milestone, enhancing Qover’s standing in both the European
In today’s competitive business landscape, small business owners face numerous challenges, including securing adequate insurance coverage. NYCM Insurance understands the unique needs of small businesses and is committed to providing them with valuable information about business insurance coverage. To fulfill this mission, the New York State-exclusive insurance carrier has launched a campaign that offers free and insightful business insurance content
In a data-driven world, where accurate data handling is imperative, distriBind emerges as a game-changer. This innovative company is on a mission to eliminate friction and manual labor in delegated authority within the insurance sector. By providing an efficient and automated system, distriBind aims to revolutionize the way data is managed, ensuring seamless operations and improved decision-making processes. The Importance
Quantiphi, a leading Al-first digital engineering company, is thrilled to announce the launch of its highly anticipated AI-led Intelligent Underwriting Platform (AiUP). This cutting-edge platform has been developed to revolutionize the underwriting process in the commercial insurance sector. Excitingly, AiUP will be included in Google Cloud’s prestigious Industry Value Network (IVN) solutions, further cementing its position as an innovative and
Collaborating to bring innovation to the insurance industry, iGUIDE and Xactware have introduced a groundbreaking solution known as iGUIDE Instant Sketch. With its advanced features and cutting-edge technology, this solution aims to transform the way insurance adjusters process claims, enhancing accuracy, speed, and overall efficiency. The Features of iGUIDE Instant Sketch Through the integration of optical imaging, laser measurements (LiDAR),
APOLLO Insurance, a leading Canadian digital insurance provider, has recently appointed Mark Fujita as the Vice President of Partnerships. The purpose of this strategic appointment is to expand the company’s footprint in the Canadian market and further establish its position as an innovator in the emerging embedded insurance sector. With Fujita’s extensive experience in the insurance industry, particularly in the
Cytora, a leading digital risk platform, is set to reach new heights of success as it welcomes several accomplished figures from the insurance sector onto its global advisory board. This strategic move is aimed at bolstering Cytora’s ambitions of global expansion and solidifying its position as an innovative force within the insurance industry. With a commitment to cutting-edge technology solutions,
Artificial Intelligence (AI) and Blockchain, two remarkable technological frontiers, have taken center stage in revolutionizing various sectors. The insurance industry is not exempt from their transformative potential. This article explores how the combined power of AI and blockchain is reshaping the insurance landscape, from policy issuance to claims management, ushering in a new era of innovation and trust. The Role
In an effort to revolutionize litigation management and drive better legal outcomes, CLARA Analytics and ClaimDeck have joined forces in a strategic partnership. The collaboration aims to assist carriers in effectively managing their litigation rates and mitigating rising litigation costs. By leveraging their respective insurance claims solutions, both CLARA and ClaimDeck harness the power of claims data to optimize litigated
