InsurTech

AdvantageGo, a leading provider of revolutionary technology solutions for the insurance industry, has announced a strategic alliance with Tremor, an online reinsurance pricing and placing platform, to modernize the reinsurance placement process. The collaboration builds on AdvantageGo’s previous announcements regarding its Ecosystem. Tremor’s innovative Panorama platform represents an evolutionary leap in the reinsurance risk placement process. This strategic alliance expands

Artificial intelligence (AI) technology is rapidly transforming the insurance industry. As more businesses seek efficient ways to process large volumes of data, AI has emerged as a game-changer. One company at the forefront of this development is Roots Automation, the pioneer behind AI-powered Digital Coworkers. Recently, the company unveiled its newest innovation called InsurGPT. This state-of-the-art, fine-tuned Generative AI model

Fraud is a growing problem in the insurance industry, costing billions of dollars each year. The rise of technology, including new capabilities like generative AI, has increased the threat of fraud. To help combat this problem, CCC Intelligent Solutions and Verisk have partnered to prevent auto insurance fraud. The partnership brings together the market-leading technologies of both companies. CCC and

As the world becomes increasingly pet-friendly, with more and more people welcoming furry friends into their homes, the pet insurance industry has experienced significant growth in recent years. The North American Pet Health Insurance Association (NAPHIA) has recently released its 2023 State of the Industry (SOI) Report, showing impressive growth in the North American pet health insurance sector. This report

As the tourism industry continues to experience growth, the travel insurance market is also expanding rapidly. According to a report from Research and Markets, the rise in tourism travel is fueling the growth in the travel insurance market. In this article, we will take a closer look at the current state of the travel insurance market, its predicted future growth,

Artificial intelligence (AI) has the potential to transform entire industry ecosystems. From healthcare to banking, automotive to art, various industries have already begun to integrate AI into their operations. The scale of AI advancement is unprecedented, and the technology is increasingly being used to navigate the challenges faced by businesses. In this article, we will explore Tractable’s AI technology and

Canopius, one of the world’s leading specialty reinsurers, has teamed up with Theodore Tunick and Marshall & Sterling to offer admitted auto coverage to personal and commercial insureds in the US Virgin Islands (USVI). The agreement is made with Samsung Fire and Marine Insurance (SFMI), and Canopius will underwrite risks for both commercial and private auto clients using SFMI admitted

Assurant, a global provider of risk management solutions, has partnered with CNH Industrial Capital, the financial services arm of CNH Industrial, to offer equipment protection and insurance products through CNH Industrial’s dealer network. The partnership aims to provide customers with better protection solutions and improve the customer experience, product offerings, and alignment with base warranty. In this article, we will

In recent years, the insurance industry has faced considerable challenges – regulatory, technological, and economic – that have forced firms to re-evaluate their operations and strategies. As such, they are increasingly focusing on enhancing their operational resilience, acknowledging that this is a key factor in determining their long-term success. In this article, we examine recent trends and challenges facing the