InsurTech

The rise of embedded finance technologies is ushering in a new era in insurance. According to industry experts, the life insurance landscape will look dramatically different in just a few short years. This is due to the fact that the integration of financial products and services is driving innovation across the industry and changing the way insurance is delivered to

Inflation poses a significant challenge for insurance companies today, as it leads to increasing costs and makes pricing uncertain. To set competitive pricing now, insurers must forecast the impact of future inflation on their business accurately. High inflation exacerbates the risks of pricing errors and makes the future more unpredictable, thereby putting pressure on insurers to adapt their risk management

Sapiens, a leading global software provider for the insurance industry, has announced a new strategic partnership with Microsoft to harness the power of generative artificial intelligence (AI) in the insurance industry. The collaboration aims to improve efficiency and customer service in the insurance industry, leveraging AI. This new endeavor is set to revolutionize the insurance industry by providing insurers with

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