InsurTech

The partnership between Bolt and Salesforce aims to revolutionize the way insurance quoting processes are handled by integrating Salesforce’s Financial Services Cloud (FSC) with Bolt’s expansive insurance exchange. This collaboration leverages the strengths of Salesforce’s Customer Relationship Management (CRM) capabilities and Bolt’s extensive network of insurance providers, paving the way for a faster and more accurate quoting system. The unified

In a move set to revolutionize the aviation insurance industry, Concirrus has introduced its new Aviation Aggregations module, which is designed to tackle key challenges faced by aviation underwriters in assessing risk exposure and managing portfolios. This module is part of Concirrus’s broader aviation platform and aims to enhance real-time data insights and advanced analytics. The Aviation Aggregations module offers

The Global Insurance Market Index, published today by Marsh, revealed that global commercial insurance rates experienced their first decline in seven years. In the third quarter of 2024, rates dropped by 1%, marking the first decrease since Q3 2017. This decline indicates a continuation of the moderating rate trend observed in recent quarters. The key factors driving this trend include

WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has recently launched ResQ Machine-led Reserving, an innovative technology poised to revolutionize the insurance and reinsurance reserving practices within the Property and Casualty (P&C) sector. For decades, the industry has grappled with expensive, infrequent, and low-granularity analyses, which have often hampered the efficiency and accuracy of financial reporting. With

Best Insurance has introduced an innovative AI-led WhatsApp service that allows customers to purchase insurance policies directly through the popular messaging platform. The service initially supports Accident, Sickness, and Unemployment (ASU) insurance, aiming to meet the growing demand for more convenient and flexible insurance solutions. This development is particularly geared towards younger customers, who increasingly expect seamless user experiences with

Prudential Financial, Inc. has joined forces with 123Seguro, a leading online insurance platform in Latin America, to broaden their insurance offerings, particularly in Brazil and Mexico. This partnership is set to significantly influence the accident & health, life, and ancillary insurance markets within these countries. Considering that less than 20% of the population in these nations currently hold life insurance

In a significant development within the auto insurance market, Liberty Mutual and Jaguar Land Rover North America (JLR) have partnered to introduce bespoke auto insurance solutions for JLR vehicle owners across the United States. This collaboration aims to seamlessly integrate tailored insurance offerings into the car buying process, enhancing the overall ownership experience for JLR customers. Enhanced Customer Experience The

Verisk’s President and CEO, Lee Shavel, has been appointed to the Federal Advisory Committee on Insurance (FACI), a move that underscores his pivotal role in the insurance industry. Shavel, well-known for his leadership and strategic vision at Verisk, now has an additional platform to influence industry policy. Under his guidance, Verisk has effectively embraced a client-centric strategy, cultivated strong partnerships,

Igloo, a well-known InsurTech firm, has announced the launch of its direct-to-consumer (D2C) insurance platform, igloo.co.id, in Indonesia, marking a significant expansion for the company within Southeast Asia. This new venture is strategically designed to address the key barriers to insurance adoption in Indonesia by offering affordable and easily accessible microinsurance products. Igloo aims to cater to the rising digital

Chubb, a global leader in property and casualty insurance, has recently appointed Tim Benson as its new executive vice president and multinational insurance leader, effective October 30. Benson will be tasked with overseeing the strategy, product development, and business operations of Chubb’s multinational insurance segment. His responsibilities further extend to managing underwriting operations, profit and loss performance, and coordinating North

Aurora Insurance, a London-based digital insurance platform, has announced the successful acquisition of seed funding from QBE Ventures to advance its digital commercial insurance solutions. Aurora employs innovative technologies such as algorithmic trading and artificial intelligence (AI) to optimize workflows, enhance risk assessment capabilities, and boost operational efficiency. By seamlessly integrating into existing ecosystems, the platform empowers insurers and brokers