Blink Parametric’s Flight Disruption Solution Introduced to the MAWDY Leading travel insurance brand, InsureandGo Ireland, is set to enhance its offerings by implementing Blink Parametric’s innovative flight disruption solution. This parametric-powered benefit will apply to customers of InsureandGo’s single trip and annual multi-trip travel insurance plans, providing them with automatic notifications and a choice of benefits in the event of
Foxquilt, a leading North American company specializing in embedded small business insurance technology, is thrilled to announce a strategic and long-term capacity relationship with global specialty insurance provider Markel. This partnership marks a significant step forward in revolutionizing the small business insurance industry by combining Foxquilt’s innovative technology and Markel’s deep knowledge and expertise. Foxquilt’s Underwriting Platform Foxquilt distinguishes itself
In a groundbreaking move, Hyperexponential successfully launched its certification program in 2023, marking a significant milestone in the company’s ongoing mission to empower insurance professionals, validate their skills, and unlock Pricing Decision Intelligence for organizations. Responding to Customer Demand The launch of the hyperexponential certification program responds to a clear demand from customers and partners for additional skill certification opportunities.
The InsurTech industry, which combines insurance and technology, has seen significant growth in recent years. However, 2023 proved to be challenging as deal activity within the sector experienced a drastic drop. Inadequately automated technologies and other obstacles contributed to a decline in the number of deals and overall investment. Despite these setbacks, experts in the industry are anticipating a rebound
In the fiercely competitive insurance industry, differentiation has emerged as a critical factor for success. Insurtech, a term used to describe innovative startups leveraging technology to disrupt the traditional insurance market, has been at the forefront of driving this transformation. This article explores the various aspects of insurtech’s impact on the insurance landscape. Engaging with Executives to Understand Pressing Issues
Lemonade, the disruptive digital insurance company, has announced the extension and expansion of its financing relationship with General Catalyst (GC), also known as “Synthetic Agents.” This strategic partnership aims to provide crucial financial support and certainty for Lemonade’s customer acquisition cost (CAC) spending as the company continues to revolutionize the insurance landscape through its cutting-edge use of artificial intelligence (AI)
In an effort to fortify their competitiveness in the market and offer superior value to policyholders, Freyou Insurance, a digital insurer from Germany, has joined forces with Akur8, an innovator in insurance pricing solutions. This collaboration aims to revolutionize the insurance industry by incorporating Akur8’s comprehensive platform into Freyou Insurance’s pricing workflow. Freeway Insurance’s Perspective René Jansen, Chief Insurance Officer
Motor insurance company Zego has recently unveiled its highly anticipated Business Van Insurance product, designed specifically for businesses that heavily rely on vans for their day-to-day operations but not for deliveries. This targeted insurance offering aims to provide comprehensive coverage, competitive pricing, and flexibility to meet the unique demands of operations-driven businesses. With an impressive track record of success with
HNB General Insurance (HNBGI) has announced the launch of Project Phoenix, a groundbreaking initiative in collaboration with Azentio Software. This transformative project marks a significant milestone in HNBGI’s digital transformation journey, promising unparalleled value to its stakeholders. With the aim of enhancing efficiency, accuracy, and overall operational effectiveness, Project Phoenix is set to elevate HNBGI’s competitiveness and ensure its agility
In a groundbreaking move, FloodFlash, the pioneer insurance technology company, has expanded its operations to an additional 10 US states. This expansion brings the revolutionary sensor-enabled parametric flood insurance to Delaware, Iowa, Missouri, New Jersey, New York, Oregon, South Carolina, Washington, Vermont, and Massachusetts. With unrestricted access to FloodFlash’s innovative product, these states can now benefit from affordable and comprehensive
In today’s rapidly evolving digital landscape, businesses across industries are recognizing the need to modernize their operations and systems. This is particularly true for insurance carriers, which face the challenges of outdated on-premises legacy systems. However, a trailblazing solution has emerged – Korr’s cloud-native core operating system. It offers a transformative approach to migrate on-premises legacy systems to the cloud,
Marsh, a leading insurance brokerage and risk management firm, has announced the launch of ReadyCell, a groundbreaking solution aimed at simplifying risk financing strategies for organizations. Leveraging the power of artificial intelligence (AI) technology, ReadyCell allows for swift establishment of personal insurance entities within Marsh’s esteemed Mangrove Protected Cell Facility. This innovative platform significantly simplifies the usually complex and time-consuming
