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InsurTech

Previsico Unveils Instacasting for Advanced Surface Water Flood Forecasting
FinTech Insurance
Previsico Unveils Instacasting for Advanced Surface Water Flood Forecasting

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

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Oyster Introduces AI Suite to Revolutionize SMB Insurance Experience
FinTech Insurance
Oyster Introduces AI Suite to Revolutionize SMB Insurance Experience

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

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Insurity and ICEYE Partner to Enhance Real-Time Catastrophe Insights
FinTech Insurance
Insurity and ICEYE Partner to Enhance Real-Time Catastrophe Insights

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

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Glia Transforms Insurance Communication with AI-Driven Solutions and Partnerships
FinTech Insurance
Glia Transforms Insurance Communication with AI-Driven Solutions and Partnerships

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

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Agria Pet Insurance Partners with Quantee for AI-Driven Pricing in UK and Ireland
FinTech Insurance
Agria Pet Insurance Partners with Quantee for AI-Driven Pricing in UK and Ireland

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

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Centana Invests $60M in First Connect to Support Independent Agents
FinTech Insurance
Centana Invests $60M in First Connect to Support Independent Agents

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

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Helvetia and Coinnect Partner to Enhance Cyber Risk Management Solutions
FinTech Insurance
Helvetia and Coinnect Partner to Enhance Cyber Risk Management Solutions

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

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Honeycomb Insurance Expands to Washington and Maryland
FinTech Insurance
Honeycomb Insurance Expands to Washington and Maryland

The insurance landscape is undergoing significant changes, especially with rising premiums and limited coverage options putting pressure on property owners and managers. In this evolving scenario, Honeycomb Insurance has made a notable impact by expanding its operations to Washington and Maryland. This move extends its reach to over 60% of the U.S. population, equating to more than $35 billion in

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Is Parametrix Enterprise Solutions the Future of Cyber Insurance?
FinTech Insurance
Is Parametrix Enterprise Solutions the Future of Cyber Insurance?

The emergence of Parametrix Enterprise Solutions signifies a pivotal moment in the landscape of cyber insurance, devising an innovative approach to safeguarding businesses against the financial ramifications of digital disruptions. Unlike traditional insurance methods, which often prove inadequate due to their inflexibility and slow payout processes, Parametrix offers a novel parametric model that promises rapid reimbursement based on predefined payout

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Are AI Models Changing the Game for Climate Risk in Insurance?
FinTech Insurance
Are AI Models Changing the Game for Climate Risk in Insurance?

The increasing frequency and severity of extreme weather events have put immense pressure on the insurance industry, compelling insurers to rethink their traditional risk assessment models. Artificial Intelligence (AI), often seen as a transformative technology, is now being considered crucial for managing climate-related losses. According to a recent survey conducted by ZestyAI, a significant 73% of insurers regard AI as

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What Does Trump’s 2024 Win Mean for the Global InsurTech Industry?
FinTech Insurance
What Does Trump’s 2024 Win Mean for the Global InsurTech Industry?

The unexpected re-election of Donald Trump as the 47th U.S. president in 2024 has sent shockwaves through various sectors, including the global InsurTech industry. Trump’s return to the Oval Office, marked by dramatic events and a further entrenchment of ‘Trumpism,’ signifies a significant shift in the American political landscape. This article explores the potential implications of Trump’s presidency for the

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Who is Emily Davis and What Are Her Plans for Everest Reinsurance?
FinTech Insurance
Who is Emily Davis and What Are Her Plans for Everest Reinsurance?

Everest Reinsurance has made a significant appointment by naming Emily Davis as the head of its global specialties business, a division that encompasses aviation, marine, cyber, engineering, and parametric solutions. With business centered on emerging and complex risks, the organization has elected Davis to steer this critical segment forward. Before taking on this pivotal role, Davis served as VP and

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