InsurTech

The London insurance market is witnessing a noteworthy transformation as AM Best, a leading rating agency, revises its outlook for this segment from stable to positive. This change is a reflection of the market’s robust pricing strategies and strengthening underwriting profitability. The upgrade signals confidence that the sector will experience further financial improvement. Contributing to this optimistic view is an

Zywave is pioneering change in the cyber insurance industry with its “Cyber Quoting” platform. In an era where cyber threats are intensifying, this tool is a standout for its efficient approach to cyber insurance procurement. Traditionally, gathering data for insurance quotes has been a lengthy and burdensome process. Zywave addresses this problem by utilizing a standardized questionnaire, which simplifies and

The American cyber insurance industry, once marked by rapid expansion, has shifted toward a period defined by equilibrium and financial gain. The sector has seen a reduction in growth as premium increases have led to underwriting profits, with a direct incurred loss ratio for standalone cyber policies leveling at 44%. This reflects a balance between premiums collected and claims costs,

Chubb’s intended acquisition of Healthy Paws represents a strategic foray into an industry ripe for innovation and growth. By venturing into pet insurance, Chubb is positioning itself to capture a segment of the insurance market that continues to gain traction among pet owners who are increasingly aware of the financial implications associated with pet healthcare. The acquisition not only broadens

With the insurance industry undergoing a significant transformation, Nexus Underwriting aligns itself with the winds of change. The strategic appointment of Steve Willett as Head of Development underscores the company’s commitment to not only compete but to lead in the dynamic world of financial lines in a global context. Willett’s vast experience and proven track record in international markets bode

Chubb Corporation, a leading player in the global insurance market, has made a decisive move with the proposed acquisition of Healthy Paws, a top pet insurance company in the U.S. This strategic move represents Chubb’s foray into the burgeoning pet insurance sector, asserting its ambitions to cater to the ever-increasing demand from pet owners for financial protection against rising vet

In an era of relentless inflation, insurers are grappling with soaring claims costs that challenge margins and pressure pricing strategies. The escalating costs across repairs, healthcare, and legal settlements necessitate new approaches to stay viable. Enter AI-driven dynamic pricing algorithms—saviors in the midst of financial turmoil. These advanced systems continuously assimilate data from vast sources to instantaneously recalibrate policy premiums.

California’s stunning vistas and vibrant cities now grapple with an ongoing wildfire crisis. These yearly blazes are leaving more than scorched earth; they’re reshaping the insurance industry. As these disasters become more frequent, major insurers are rethinking their involvement in the state, often opting to withdraw. This retreat is precipitated by the escalating risks and costs associated with insuring homes

Swiss Re has made a significant leap forward within the insurance sector by launching the Swiss Re Life Guide Scout, an AI-powered underwriting platform. Leveraging the capabilities of Microsoft Azure OpenAI Service, this innovative tool is set to transform the way risk evaluation is conducted in life & health insurance underwriting. This technological integration is a testament to Swiss Re’s

The insurance realm, specifically in the property and casualty (P&C) sector, is currently experiencing a digital metamorphosis. Leading this charge is Insurity with its innovative, cloud-based software tailored for insurers. This company has made remarkable strides in refining the traditionally cumbersome and costly claims management process. By leveraging the latest tech advancements, Insurity’s solutions are considerably simplifying this intricate procedure,

The insurance sector is poised for a significant transformation as Percayso Inform and TransUnion join forces. Percayso Inform will now leverage TransUnion’s TrueVision credit data to heighten client insights. This collaboration promises to reshape risk assessment and pricing in the industry, benefiting insurers, MGAs, and brokers by incorporating extensive credit history. The blend of Percayso Inform’s insurance intelligence with TransUnion’s