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
In a bold move to revolutionize the landscape of mutual insurance, Bain Capital Insurance has invested $200 million to establish The Mutual Group. This strategic initiative aims to elevate service standards and operational efficiency within the industry. Through the acquisition of GuideOne Insurance Company’s operational platform, Bain Capital Insurance is launching The Mutual Group, with GuideOne becoming the first company
In the ever-evolving landscape of technology, Lemonade, an insurtech company, has emerged as a trailblazer by harnessing the power of artificial intelligence (AI) to revolutionize the insurance industry. With its innovative use of AI, Lemonade is not only streamlining the claims process but also providing exceptional customer service. Streamlining the Claims Process Lemonade’s AI-powered platform is at the forefront of
In a significant cyber attack, title insurer First American and its subsidiaries have experienced a major disruption to their systems and operations. This breach has not only caused a shutdown of various services but has also raised concerns about the security of sensitive data. This article provides an overview of the cybersecurity incident, the company’s response, the impact on operations,
The global insurance sector plays a vital role in safeguarding the financial well-being of individuals, businesses, and economies as a whole. As insurers face various challenges in an ever-changing market landscape, it becomes imperative to assess their capital adequacy and systemic risks. This article provides a comprehensive analysis of the current state of the insurance industry, including the impact of
In an increasingly digital world, mobile phones have become an integral part of our lives. However, their portability comes with the risk of loss or theft. Tracking a T-Mobile phone, therefore, is of paramount importance. This article explores the various reasons why tracking a T-Mobile device is crucial, including issues related to safety, data protection, parental control, business efficiency, insurance
Duck Creek Technologies, a leading provider of insurance software solutions, has recently announced its support for and integration into Lloyd’s Outwards Reinsurance Scheme (LORS) for its ceding reinsurance customers. This latest functionality provided by Duck Creek Reinsurance aims to offer global carriers the necessary tools to seamlessly integrate into Lloyd’s, the world’s leading reinsurance market. The integration into LORS brings
