InsurTech

The health insurance industry is undergoing a substantial transformation, driven mainly by the rise of InsurTech solutions. These technological advancements aim to alleviate long-standing inefficiencies and enhance consumer experiences, creating a more dynamic and responsive marketplace. Evolution of Health Insurance Traditional Challenges Historically, the health insurance sector has been plagued by cumbersome, paper-based processes and slow communication methods. These outdated

In recent years, Akur8 has emerged as a trailblazer in the InsurTech landscape. Established in 2019, this French insurance technology company is on a mission to transform the non-life insurance sector with its cutting-edge AI-powered platform. Akur8’s strides in innovation have been matched by significant financial achievements and strategic growth, positioning it as a leader in the industry. At its

The landscape of SME insurance is undergoing a significant transformation, thanks to a strategic partnership between WTW, a global advisory, broking, and solutions company, and Kayna, an innovative insurance infrastructure platform. This collaboration is set to reshape the way insurance solutions are delivered to small and medium-sized enterprises (SMEs) in the United Kingdom and the United States, making tailored insurance

Trupanion, a leading provider of medical insurance for cats and dogs, has made a significant mark by expanding its operations to Continental Europe with the official launch of pet insurance services in Germany and Switzerland. This strategic move highlights the company’s commitment to international growth and its intention to capture a substantial share of the European pet insurance market. With

On July 19, 2024, cybersecurity giant CrowdStrike experienced a significant failure with a routine software update intended to enhance security measures. Instead, the update sent shockwaves through various industries, leading to widespread IT disruptions, particularly affecting systems tied to Microsoft’s operating system. Insurance firm Parametrix evaluated the damages to Fortune 500 companies alone at a staggering $5.4 billion. This incident

The integration of cutting-edge technology into the insurance sector promises to redefine many processes, and claims management is no exception. A groundbreaking partnership between Insurity and Gain Life aims to streamline claims management, potentially transforming the entire landscape in substantial ways. In recent years, the InsurTech sector has witnessed a surge in technological advancements designed to simplify and automate claims

Korint, an emerging player in the InsurTech industry, has secured a significant €5 million funding round, marking a pivotal moment for both the company and the broader insurance sector. This financial boost will facilitate further development in digital tools and efficiencies crucial for modernizing insurance operations. The venture capital firms Ventech and 360 Capital played essential roles in driving this

Zurich Canada has unveiled a pioneering Apprenticeship Program set to reshape the landscape of the insurance industry. This trailblazing initiative seeks to cultivate future leaders by blending academic coursework with hands-on industry experience. Designed to meet the growing demand for skilled professionals, the program reinforces Zurich Canada’s commitment to sustainability, innovation, and customer-centric services. The program offers aspiring insurance professionals

The recent collaboration between Cogitate and One Inc marks a significant leap forward in the insurance payment landscape. As industries continue to digitize and consumer expectations evolve, this partnership aims to simplify and enhance payment processes for insurers and their policyholders. The integration of Cogitate’s advanced digital platform with One Inc’s leading payment solutions promises to address many of the

The landscape of health insurance in Asia is on the brink of transformation, thanks to a pioneering partnership between MSIG Asia and Serenity Health Partners. This innovative alliance has introduced a new category called Regional Private Medical Insurance (RPMI), which aims to merge the best elements of local and International Private Medical Insurance (IPMI) products. With plans to make health

The landscape of the insurance technology sector is poised for significant changes following Akur8’s acquisition of Arius®, a property and casualty (P&C) reserving software developed by Milliman, Inc. Known for their advanced pricing solutions, Akur8 is now expanding its actuarial capabilities to offer a more holistic platform for insurance carriers. While the financial details remain undisclosed, the strategic implications are