InsurTech

Arthur J. Gallagher & Co.’s recent acquisition of Shepard Insurance Group marks a significant expansion in the high-net-worth insurance market. This strategic move not only broadens Gallagher’s geographic presence but also enhances its ability to deliver personalized, high-quality solutions to affluent clients. Shepard Insurance, known for its tailored services in the Northeastern United States and Florida, will now integrate its

Akur8, a leading provider of AI-powered pricing and reserving software, has recently announced a strategic move set to strengthen its presence in the German insurance market. Michael Kraus has joined the company as a strategic advisor, a decision aligning with Akur8’s continuous efforts to optimize pricing strategies through advanced machine learning technologies. For a company that caters to over 250

In a strategic move to enhance its technological capabilities, CoverGo, an InsurTech company known for providing comprehensive digital solutions to the insurance industry, has appointed Louis Lee as the managing director for the Asia-Pacific (APAC) region. With over 20 years of experience in various aspects of life, health, and general insurance and reinsurance, Lee is expected to lead initiatives that

The rapidly evolving landscape of financial technology has prompted companies to seek innovative solutions to enhance efficiency and customer satisfaction. In an industry as intricate as insurance, optimizing payment processes can be particularly challenging. Recently, One Inc, a leading payments network for the insurance industry, and U.S. Bank, a major financial institution, announced a partnership aimed at revolutionizing insurance payments.

In an era where artificial intelligence and cloud technology are reshaping industries, Five Sigma is making significant strides in transforming the insurance claims management landscape. Founded in 2017 by Oded Barak and his partners, Five Sigma has combined its in-depth knowledge of the insurance sector with state-of-the-art technological advancements to create groundbreaking solutions. The company’s primary innovation, Clive, is the

Ceta, a prominent specialist personal lines broker within the rapidly growing Atec insurance group, has recently embarked on a significant partnership with Open GI, a well-regarded provider of software solutions. This collaboration aims to integrate Mobius, Open GI’s advanced cloud-based platform, into Ceta’s existing systems. The partnership is poised to transform Ceta’s capabilities in offering a more diverse range of

In a significant move to provide enhanced protection for luxury retail consumers, Cover Genius, a leading provider of embedded insurance solutions, has partnered with Entrupy, a cutting-edge AI-powered luxury authenticator. The collaboration aims to integrate product protection seamlessly into the luxury purchase journey, enabling buyers to safeguard their high-value investments against damages such as seam or zipper separation, rips, snags,

Missouri-based iCover, well known for its expertise in algorithmic underwriting, has introduced iCover Direct™, an innovative online marketplace designed to simplify the process of purchasing life, health, and wellness insurance products. This new platform aims to transform the insurance buying experience by making it more accessible, efficient, and consumer-centric. iCover Direct™ leverages the company’s advanced QUI™ technology, which is acclaimed

Imagine purchasing a high-end bicycle or a piece of sophisticated tech, only to face the daunting task of insuring it separately after the purchase. This becomes a hassle for many buyers, often leading to delays in coverage or, worse, leaving valuable items uninsured. Recognizing this issue, Embri, a prominent embedded insurance platform, has taken significant strides to enhance its range

In a significant move aimed at revolutionizing the insurance industry, Neutrinos, a leading technology company specializing in intelligent automation for enterprises, has unveiled its innovative platform called Neutrinos Marketplace. Intended to expedite the adoption of automation technologies specifically within the insurance sector, this platform offers over 70 specialized accelerators, components, integration connectors, and extensions. These tailored tools are designed to

The American Association of Insurance Services (AAIS) has established a promising partnership with Akur8 to enhance predictive modeling capabilities within the Property and Casualty (P&C) insurance sector. Akur8, recognized for its innovative insurance pricing and reserving solutions, employs transparent machine learning to refine insurers’ pricing methods. This collaboration aspires to elevate the quality of predictive modeling by harnessing Akur8’s unique