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 This is particularly true for insurance carriers, which face the challenges of outdated on-premises legacy systems.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
In a bid to revolutionize travel insurance solutions, Blink Parametric, an InsurTech company specializing in parametric insurance, has forged a partnership with Baloise, a leading Swiss insurance service provider. This collaboration aims to integrate Blink Parametric’s advanced travel insurance solutions into Baloise’s single-trip travel insurance policies, creating a more comprehensive and proactive approach to protecting travelers. Integration of Advanced Travel
Roadzen Inc., a leading auto insurance company leveraging artificial intelligence (AI) to transform the industry, has announced the appointment of Jean-Noël Gallardo as its new Chief Financial Officer (CFO). With a strong background in financial planning, analysis, treasury management, compliance, fundraising, and mergers and acquisitions (M&A), Gallardo is expected to play a key role in Roadzen’s continued growth and expansion.
In recent years, the insurance industry has witnessed a rapid evolution with the advent of generative AI (GenAI) technologies. These cutting-edge tools have presented insurers with unprecedented opportunities to streamline processes, analyze cyber risks with greater accuracy, and make prioritized recommendations for improving the security of their customers. The emergence of GenAI has paved the way for powerful new tools
In a groundbreaking collaboration, Blink Parametric and Baloise, one of the leading Swiss insurance service providers, have joined forces to introduce a suite of innovative travel insurance solutions. This partnership aims to transform the travel insurance landscape by providing customers with real-time, tailor-made digital travel assistance products. With a focus on meeting the evolving needs of travelers, Baloise is rolling
Checkatrade, the UK’s largest trade directory, has announced a strategic collaboration with Superscript, a leading small business and startup insurance distributor. This partnership aims to provide comprehensive insurance coverage to Checkatrade’s extensive network of 47,000 members. With a commitment to meeting The Checkatrade Standard and undergoing diligent vetting checks, these members are now required to have appropriate insurance coverage. Superscript
In the fast-paced insurance industry, customer experience (CX) reigns supreme. Insurers are increasingly recognizing that providing a superior CX is the key to success. In this article, we explore the importance of CX, consumer preferences, the power of Generative AI (GenAI), and how it can transform the industry. We’ll also delve into the specific tenets for an efficient CX platform
DigitalOwl, an insurance technology company, has recently secured a significant $12 million investment from Reinsurance Group of America, Incorporated (RGA). This investment marks a strategic partnership between the two companies and paves the way for the integration of DigitalOwl’s advanced AI technology into RGA’s systems through a long-term global partnership. The collaboration aims to further aid platform development and enhance
Ohio Mutual, a leading mutual insurance company, has recently announced its partnership with Akur8, a provider of advanced risk and rate modelling solutions. The collaboration aims to streamline Ohio Mutual’s predictive modelling processes, improve rate reviews, and foster a more data-driven approach to sharing actionable insights with internal stakeholders. This strategic move demonstrates Ohio Mutual’s commitment to staying ahead in
Dyad, Inc. (formerly XDimensional Technologies and I-Engineering) has recently made a significant foray into the Property & Casualty (P&C) insurance market. This strategic move aims to meet the evolving needs of various segments within the insurance industry. With a strong focus on innovation and comprehensive solutions, Dyad is poised to make a lasting impact in the market. Strategic Vision Recognizing
