The world of insurtech is abuzz with the news of Coterie Insurance’s successful $27 million funding round. Spearheaded by Hiscox and backed by existing investors, this substantial capital infusion reflects a vote of confidence in the firm’s innovative take on commercial insurance for small businesses. CEO David McFarland sees this as an affirmation of the company’s mission to overhaul the
AXA Commercial has launched a groundbreaking digital directory, revolutionizing the brokerage of specialized risk sectors. This online tool showcases a comprehensive selection of AXA’s niche risk products, easily accessible to brokers. It simplifies their search, effectively categorizing options into areas like Specialty, Contractors, Liability, Motor, Property, and Combined. This innovative platform is set to alter the landscape for brokers in
Jeremy Johnson’s recent induction into the CLARA Analytics board marks a strategic move for the AI-driven insurance tech firm. Johnson boasts a distinguished track record in the insurance industry, having served as CEO of Protective Insurance and as the President of U.S. Commercial Insurance at AIG. His deep industry knowledge and visionary leadership are anticipated to greatly benefit CLARA. The
The insurance industry is undergoing a significant transformation as it moves away from conventional underwriting methods in favor of advanced technological solutions. At the forefront of this shift is Earnix’s Underwrite-It, an AI-driven platform that promises to revolutionize insurance underwriting with its enhanced efficiency, precision, and speed. Underwrite-It leverages artificial intelligence to analyze data more accurately and make informed decisions,
In the dynamic landscape of cyber threats, the fusion of expertise and innovative technology is crucial for the protection of businesses. This is epitomized by the strategic alliance between Cyberwrite, a pioneer in cyber insurance analytics, and Howden, a veteran insurance brokerage. Their collaboration is set to transform the approach toward the assessment, communication, and mitigation of cyber risks. Together,
The insurance sector stands on the edge of a dynamic period marked by both significant hurdles and prospects for growth. As the horizon of the mid-2020s approaches, a plethora of challenges such as burgeoning cyber threats, the ramifications of environmental decline, and changing social and economic structures loom large. These factors compel insurers to be strategic, leveraging cutting-edge analytics and
Cytora, an AI-driven risk assessment firm in the insurance sector, has recently announced the strategic expansion of its global advisory board by welcoming Emmanuel Clarke, the former President and CEO of PartnerRe. Clarke’s addition heralds a significant move for Cytora as it seeks to strengthen its international presence and leverage his extensive experience to facilitate its growth ambitions. Strategic Expansion
With the insurtech sector growing, Novidea stands out by upgrading its platform significantly to revolutionize insurance. This update emphasizes improving operational efficiency and enhancing customer satisfaction. Novidea’s release introduces advanced features poised to alter how insurance tasks are managed. This article explores Novidea’s platform upgrade and its potential effects on the insurtech industry. The insurance technology industry is witnessing the
As cyber threats become increasingly prevalent and advanced, businesses globally are in urgent need of superior cyber-risk management strategies. To combat this, Brit Ltd, a leader in InsurTech, has unveiled an innovative solution called Brit Cyber First50, which is a Lloyd’s Consortium and represents a pioneering approach to cyber insurance. With a substantial $50 million backing, First50 is designed to
Chubb, a leading player in the insurance sector, has unveiled a significant strategic initiative: the creation of a comprehensive international transactional risk division. This move aims to bolster Chubb’s presence on the global stage by providing a range of transactional risk insurance solutions across various markets. Spearheading this venture is industry veteran Josh Cowen, who has been appointed as Senior
Marble is set to transform the commercial insurance realm for small and medium enterprises (SMEs) with its latest addition—a commercial insurance shopping tool on its digital insurance wallet platform. This new feature is designed to tackle the complexities traditionally involved in acquiring and managing insurance policies. By introducing a service that streamlines these processes, Marble is catering to the growing
The innovative collaboration between PeppercornAI and ICE InsureTech marks a significant milestone in the digital transformation of the insurance industry. This strategic partnership is poised to leverage PeppercornAI’s cutting-edge conversational AI platform, Pipr, alongside ICE InsureTech’s robust technological framework. Together, they aim to modernize the insurance landscape, providing solutions that promise a synchronous blend of agility, intelligence, and operational excellence.
