Howden, a global insurance broker, has recently announced its acquisition of Arctic Insurance AS, a rapidly growing Norwegian insurance broker. This strategic move reflects Howden’s ambition to enhance its presence in the Nordic region and further expand its international footprint. Enhancing Presence in the Nordic Region With the acquisition of Arctic Insurance, Howden aims to strengthen its position in the
In a groundbreaking case that challenges the conventional understanding of cyber and kinetic warfare, pharmaceutical giant Merck has reached a significant settlement with its insurers in relation to a $1.4 billion claim stemming from the infamous NotPetya malware attack. This landmark case has highlighted the blurred lines between cyber and kinetic warfare, underscoring the urgent need for comprehensive insurance coverage
In a move that demonstrates its commitment to offering comprehensive cybersecurity solutions, leading cyber insurance provider Cowbell has announced the extension of its cyber insurance solutions to mid-market businesses. Previously catering exclusively to small and medium-sized enterprises (SMEs), Cowbell’s market-leading cyber insurance policy will now benefit mid-market organizations with an annual turnover of up to £1 billion. This expansion ensures
In today’s digital age, the insurance industry is experiencing significant changes as emerging technologies revolutionize traditional business practices. Blockchain, with its decentralized and transparent nature, holds immense potential to reshape the insurance sector by improving transparency, enhancing risk management, and simplifying complex processes. In this article, we will explore how blockchain technology can revolutionize the insurance industry, bringing benefits for
In the ever-changing landscape of homeowners insurance in Florida, Loggerhead Insurance has emerged as a reliable provider, offering replacement coverage to those who face non-renewal notices from Progressive Home. With the increasing difficulty of finding reliable insurance in the state, Loggerhead’s commitment to trust, empathy, and doing what’s right has set them apart from the competition. The Partnership with Socotra:
In a groundbreaking move, Duck Creek Technologies has announced its partnership with CAMCOM, an industry-agnostic AI-powered platform for visual inspections. This collaboration aims to revolutionize the vehicle inspection process by leveraging advanced technology to optimize and streamline claims management for Duck Creek Claims customers in the APAC region. Streamlining the Vehicle Inspection Process With the integration of CAMCOM’s innovative technology,
In a significant move to bolster its insurance offerings and drive nationwide expansion, private investment firm Gallatin Point Capital LLC has acquired a majority stake worth $1.25 billion in the attorney-in-fact for Trusted Resource Underwriters Exchange (TRUE). The investment will enable TRUE to enhance its underwriting capacity in Florida and strategically expand its presence across the country. With the strong
In a strategic move to bolster the insurance industry’s visual data authentication capabilities, Photocert and Duck Creek Technologies have established a partnership. With the increasing volume of manipulated visual content, the demand for trustworthy authentication becomes crucial. Leveraging AI-powered technology, Photocert specializes in visual data authentication, and together with Duck Creek Technologies, they aim to revolutionize inspections and ensure the
Assurdeal, a prominent player in the insurance industry, has recently made a strategic move to bolster its position in the digital insurance landscape in France. The company has officially announced the addition of Mikaël Maslé, a seasoned professional with over two decades of profound expertise in the insurance sector, to their esteemed advisory board. This development signifies Assurdeal’s commitment to
In a bid to provide comprehensive coverage and ongoing device protection to its users, JULO has introduced a pioneering insurance cover known as JULO Cares. This innovative offering is backed by Sompo, a global insurer with a track record of almost 50 years in Indonesia. With JULO Cares, customers can enjoy peace of mind knowing that their smartphones are safeguarded
The insurance sector is undergoing a major transformation as innovative technologies reshape the industry. These advancements aim to improve customer experiences, expedite operations, and enhance risk management. In this article, we will explore the impact of insurtech companies and how they utilize technology to offer policyholders a smooth and customized experience. We will also delve into the automation of insurance
The Travelers Companies, Inc. (NYSE: TRV) has successfully finalized its acquisition of Corvus Insurance Holdings, Inc., a company known for its industry-leading suite of integrated cyber sales, underwriting, service, and support capabilities. This acquisition cements Travelers’ position as a leader in the cyber insurance space, offering comprehensive coverage and risk management solutions to its customers. Overview of Corvus Insurance Corvus
