In a significant move towards addressing comprehensive environmental, social, and governance (ESG) risks on a global scale, HDI Global is set to expand its environmental liability insurance offerings internationally. This strategic shift is driven by the appointment of Stefan Pasternak as CFO, effective April 1, 2025, succeeding Christian Hermelingmeier who will transition to Hannover Re. Presently, HDI Global’s environmental liability
In an era where climate change and extreme weather events are becoming increasingly frequent and severe, the need for accurate and swift property and climate risk assessments has never been more urgent. Standard Casualty, an insurer specializing in mobile homes, has recognized this necessity and has formed a groundbreaking partnership with ZestyAI, a provider of advanced analytics solutions. This alliance
In a significant development poised to impact the U.K. insurance sector, LexisNexis® Risk Solutions has expanded its partnership with TransUnion to introduce enhanced credit reporting and affordability solutions. This collaboration aims to provide U.K. insurance providers with more comprehensive tools to make informed decisions that align with customers’ financial circumstances. By integrating TransUnion’s Affordability Report into its range of LexisNexis
The partnership between ZestyAI, an AI-driven property and climate risk analytics provider, and Standard Casualty Company, a specialized property insurer for manufactured homeowners, marks a significant advancement in risk assessment and policyholder engagement. By leveraging advanced analytics solutions, this collaboration addresses the growing complexities of property risks due to climate change. As natural disasters become more common and severe, the
In a move that promises to revolutionize the UK insurance market’s approach to affordability, TransUnion has expanded its strategic relationship with LexisNexis Risk Solutions. This collaboration aims to equip insurance providers with enhanced affordability insights that could prove crucial in these economically challenging times. Integrating TransUnion’s Affordability Report into the LexisNexis Informed Quotes platform marks a significant step toward addressing
Previsico, a specialist in surface water flood forecasting, has announced the launch of Instacasting, a next-generation flood mitigation solution. This innovative tool leverages the most accurate observed rainfall data available in the market to predict surface water flood risk more quickly and precisely. Instacasting complements Previsico’s existing flood data by employing exact rainfall data, thus enhancing flood resource allocation, loss
Oyster has unveiled a suite of AI-powered digital products aimed at revolutionizing the property and casualty (P&C) insurance experience for small and medium-sized businesses (SMBs). Leveraging advanced artificial intelligence (AI) and large language models (LLMs), this new offering seeks to help business owners more effectively manage their insurance needs and risk management on a single platform. Enabling Digital-First Insurance Solutions
In an era where natural disasters are becoming increasingly frequent and severe, the need for timely and accurate data in the insurance sector has never been more critical. Addressing this imperative, Insurity and ICEYE have partnered to enhance real-time catastrophe insights for the property and casualty (P&C) insurance industry. This collaboration integrates ICEYE’s advanced synthetic aperture radar (SAR) satellite technology
In an era where customer experience can make or break a business, Glia is reshaping the landscape of the insurance industry through advanced customer interaction technology. This technology is enabling insurance companies to communicate more effectively with policyholders and agents, transforming standard interactions into competitive advantages. Recently, Glia reported continued momentum within the insurance sector with expanded partnerships, groundbreaking product
Agria Pet Insurance, a well-established leader in the animal insurance sector, has partnered with Quantee, an AI-driven pricing solutions provider, to bolster its growth in the UK and Ireland markets. This strategic collaboration aims to enhance Agria’s pricing strategy, ensuring its competitiveness and the delivery of tailored customer offerings. Since its UK inception in 2009, Agria has been known for
Centana Growth Partners’ recent acquisition of a $60 million stake in First Connect Insurance marks a significant move to bolster support for independent agents in the U.S. insurance market. Independent agents make up nearly two-thirds of the property and casualty insurance sector, yet they often face significant challenges in accessing a diverse range of carriers. First Connect aims to overcome
In an era where cyber threats are increasingly sophisticated and pervasive, the strategic partnership between Helvetia, a renowned Swiss insurance provider, and Coinnect, a cutting-edge cyber risk management platform, signifies a pivotal advancement in Cyber Insurtech solutions. This collaboration, initiated with the aim of leveraging Coinnect’s AI-powered cyber risk assessment platform, is set to commence by the end of the
