InsurTech

The insurance landscape is poised for a transformation as generative artificial intelligence (AI) starts to reshape industries. Known for its ability to mimic human-like creativity and solve complex issues, generative AI is set to redefine what were once considered exclusively human abilities. Munich Re Group, a leading force in the global insurance arena, is embracing this innovation not as a

EIS is revolutionizing the insurance claims sector with the introduction of ClaimSmart™, a groundbreaking cloud-based platform. By harnessing artificial intelligence (AI) and machine learning (ML), ClaimSmart™ is set to dramatically improve the efficiency of claims handling. This pioneering solution looks to significantly cut costs associated with claims processing while simultaneously enhancing the customer experience. ClaimSmart™ embodies the digital transformation within

Zurich Insurance’s latest strategic move involves a partnership with travel services expert Klook, aimed at improving the travel experience for those who face the common challenge of flight delays. Together, they’ve introduced FlyEasy, an innovative response to minimize the hassle of such interruptions. FlyEasy is thoughtfully designed to provide prompt support to travelers when flights do not adhere to their

The innovative alliance between insurtech leader Qover and fintech trailblazer Yonder is redefining travel insurance. Taking a modern approach, they aim to merge travel insurance seamlessly with today’s lifestyle needs. Qover contributes its sophisticated embedded insurance capabilities, while Yonder infuses its lifestyle-tailored credit card with versatile rewards. Their collaboration is crafting a new standard in the industry, designed to make

The insurance sector is on the cusp of profound change, driven by a collaboration between cloud technology firm Insurity and the avant-garde Insurtech entity – OIP Robotics (OIPR). This partnership is set to revolutionize property and casualty (P&C) insurance through the power of artificial intelligence (AI). Their shared goal is to overhaul the way insurance data is processed by leveraging

Embedded insurance is not just a fleeting trend, it’s a game-changer in the way insurance is distributed and consumed. Its main appeal lies in its ability to integrate insurance coverage organically into the purchase of a product or service. This eliminates the need for the customer to seek out insurance separately and go through a potentially cumbersome process. Amidst buying

The insurance industry is amid a significant transformation fueled by changes in consumer expectations and technological advancements. In an era where digital interactions are the norm, customers seek not just online engagement but also a personalized touch. They want services tailored to their specific needs and preferences, reflecting the industry’s need to integrate cutting-edge technology into its operations. As insurance

Buddy, a leader in embedded insurance tech, has partnered with Stripe, the payments giant, to revolutionize how insurance is offered in online shopping. Their collaboration harnesses Buddy’s advanced ION™ engine with Stripe’s payment processing to streamline the way insurance products are integrated at checkout, reshaping e-commerce. They are addressing historical hurdles that have stopped online shoppers from adding insurance to

The insurance industry, once rooted in conventional risk analysis, is now at a pivotal juncture with the emergence of AI and data analytics. These advanced technologies are shifting the sector from merely reacting to claims towards actively predicting and managing risks. The digital revolution has armed insurers with tools that enhance their underwriting processes and improve loss prevention strategies. Leveraging

As we grapple with the complexities of modern societal dangers, the insurance industry is not standing idle. Recognizing the disturbing trend of increased mass shootings, insurers are being compelled to develop innovative strategies to manage such complex risks. The escalation in these tragic events has profoundly affected risk assessment methods and prompted the need for enhanced crisis management techniques. Insurance

Coterie Insurance, a rising star in insurance technology, has recently secured a substantial $27 million to boost its insurance offerings for small businesses. This significant capital injection indicates strong investor trust in Coterie’s approach as an InsurTech Managing General Agent (MGA). The successful financing round welcomed new investors such as Hiscox, while also maintaining the support of previous backers like