InsurTech

In a groundbreaking collaboration, Hiscox, the leader in the London Market insurance industry, has partnered with Google Cloud to develop the first-ever AI-enhanced lead underwriting model. This game-changing partnership integrates Hiscox London Market’s technology platform with Google Cloud’s generative AI technology, paving the way for significant automation and transformation in the underwriting process. Collaboration Overview Hiscox and Google Cloud’s collaborative

In an effort to address the ever-evolving cyber threat landscape, WTW has launched a groundbreaking cyber insurance product called CyProtect Bermuda. This comprehensive solution is specifically designed for large enterprises operating within the Bermuda market. With its wide range of features and coverage, CyProtect Bermuda aims to serve as a robust shield against the cyber risks that the financial, professional,

In an exciting announcement, KPMG in the UK has revealed the appointment of Huw Evans as the incoming Head of Insurance. Huw will be taking over from Trevor Jones, who is set to retire from the firm in April 2024. This transition in leadership brings with it a wealth of experience and expertise that will further enhance KPMG’s insurance practice.

Miller, a leading independent specialty insurance broker, is making waves in the financial services industry as one of the first organizations in the UK to combine Salesforce Einstein and Financial Services Cloud. By capitalizing on the advanced capabilities of AI-driven tools, Miller is empowering its teams to provide more personalized and impactful client service experiences. Additionally, these tools are enhancing

Qover, a company specializing in embedded insurance orchestration, has announced its partnership with ZEEKR, a luxury electric vehicle (EV) brand. This collaboration aims to provide a tailored insurance program for ZEEKR customers, and it will initially be launched in the Netherlands. The Embedded Insurance Solution In a remarkable feat, Qover has developed and launched an embedded insurance solution for ZEEKR

MIS, a leading geospatial intelligence provider, is delighted to announce the extension of its successful partnership with the Lloyd’s market. As a pioneer in providing advanced data and imagery solutions for the global insurance industry, MIS has equipped the Lloyd’s market with its innovative Global Events Observer (GEO) platform. Accessible to all qualifying Lloyd’s Managing Agents, GEO expedites claims decisions,

In response to the escalating global threat of cyber-attacks and the increasing importance of the cyber insurance market, KYND Limited and Consilium have formed a strategic partnership. This collaboration aims to equip insurance brokers with cutting-edge cyber risk assessments from KYND, enabling them to gain in-depth insights into prospective and existing clients’ exposure to cyber risks. With an anticipated market

As Ukraine continues to grapple with the consequences of an ongoing war, Marsh McLennan’s new facility, Unity, offers a glimmer of hope for the country’s struggling economy. This innovative insurance solution aims to support Ukrainian grain exports and alleviate the challenges posed by the blockade of Ukrainian grain ports by Russia. By providing affordable and comprehensive coverage for shipowners and

In an era of technological advancements and an increasingly connected world, the insurance market is witnessing a surge in the use of data collection from alternative sources. Insurers, alongside insurtech ventures, have traditionally relied on insureds’ information obtained through proposal forms to assess risks and set policy prices. However, the rise of wearable technology and other innovative data sources has

CyberCube, a leading provider of analytics for the cyber insurtech industry, has released Account Manager v5, a new version of their portfolio modelling product called Portfolio Manager. This latest update further enhances the capabilities of Account Manager, allowing clients to quantify the impact of individual accounts on their overall portfolio’s loss profile. With this powerful tool at their disposal, underwriters