InsurTech

Aurionpro Solutions Limited, a stalwart in the world of enterprise solutions, has made a pivotal move in the FinTech arena by acquiring Arya.ai, a trailblazer in AI technology. The merger is poised to significantly reshape the use of enterprise AI in financial services. Arya.ai brings to the table its superior AI and deep learning tools, which are tailor-made for the

As digital frontiers expand, businesses increasingly rely on cyber insurance to shield against online threats. Recognizing the need for streamlined access to this protection, Zywave is making waves with an innovative solution. Their approach revolutionizes the acquisition process of cyber insurance, greatly benefiting both distributors and insurers. By demystifying the complexities of cyber insurance procurement, Zywave is not only aiding

The insurance industry is undergoing a seismic shift, propelled by the advent of the Internet of Things (IoT) and telematics technologies. These innovations are not mere additions to the sector, they represent a profound transformation of insurance as we know it. By integrating detailed data analytics into everyday devices and vehicles, insurers are able to gain unprecedented insight into the

Despite challenging financial conditions for fintech and insurtech startups, PeppercornAI has successfully secured £3.25 million in funding, showcasing the compelling nature of their Conversational AI technology in the insurance sector. This capital influx from investors underlines their confidence in AI’s role in refining insurance operations. PeppercornAI’s triumph in attracting funding highlights its resilience and the potential of AI to revolutionize

The escalating threat of climate change has underscored the need for accurate flood risk predictions in the insurance sector. Rising to the challenge, Intermap Technologies has formed strategic alliances with top Slovakian insurers. These collaborations center on the adoption of Aquarius RMA, an advanced flood risk assessment tool, within their operational frameworks. As a result of these partnerships, these insurance

The insurance sector stands on the brink of a transformative era as Bold Penguin merges its specialized insurance automation tools with the Financial Services Cloud by Salesforce. This union signals a future of enhanced efficiency and cutting-edge technological advancements within the commercial insurance landscape. Bold Penguin’s expertise in tailoring insurance processes will now be coupled with the robust platform provided

In a move that underscores its commitment to expanding its global insurance offering, Macquarie Insurance Facility has announced achieving Lloyd’s coverholder status, a significant milestone in the insurance arena. This prestigious accreditation from Lloyd’s of London enables Macquarie to underwrite and bind insurance policies in the world-renowned marketplace. This strategic development comes alongside its entrance into a binding authority agreement

Climate change is significantly impacting human health, posing various risks and simultaneously presenting new avenues for the health and life insurance industry. As global temperatures rise and weather patterns shift, the prevalence of certain diseases, natural disasters, and health-related incidents is likely to increase, affecting mortality and morbidity rates. This has a direct bearing on the actuarial assumptions and risk

Allianz Personal Lines Business has made a formidable leap in the domain of fraud detection and prevention. The integration of advanced technologies and the establishment of strategic partnerships have been pivotal factors in this achievement. The year 2023 marked an impressive climb of 29% in their fraud prevention rates, showcasing their efficacious methods in combating insurance fraud across varied realms

In today’s digital era, small and medium-sized enterprises (SMEs) face growing cyber threats, necessitating the development of more sophisticated insurance policies to address these evolving risks. As these businesses become increasingly dependent on digital operations, their vulnerability to cyberattacks becomes more pronounced. To counter this, there is a critical need for insurance providers to enhance their insurance offerings. Modern cyber

Tokio Marine HCC, a leader in the global specialty insurance sector, has embarked on a transformative journey by partnering with Akur8 in a move that promises to reshape its approach to insurance pricing. This collaboration is set to leverage Akur8’s trailblazing transparent machine learning technology within its Core Platform, signifying a major advancement in how Tokio Marine HCC utilizes data