Kita, a leading provider of carbon insurance products, has announced the appointment of James Brown as their new Technical Underwriting Advisor. With decades of experience in technical underwriting, James will play a crucial role in assisting Kita in assessing risk and developing innovative insurance solutions for carbon removal projects. This appointment marks a significant step forward for Kita as they
In the United States, mid-market companies are gravely underestimating the risks associated with flooding, leaving themselves vulnerable to significant financial losses and business disruptions. Despite the increasing frequency and severity of floods, a shocking number of companies are unaware and ill-prepared for such events. This article sheds light on the misconceptions surrounding insurance coverage, explores the staggering costs of flooding,
Anansi, a pioneering insurtech firm, has announced a groundbreaking collaboration with Tokio Marine HCC, Liberty Mutual, and Arch Insurance to introduce a unique parametric goods-in-transit insurance solution for large retailers. This innovative partnership aims to revolutionize the goods-in-transit insurance sector by offering unparalleled coverage and flexibility. By leveraging Anansi’s data-centric platform and parametric claims solution, this collaboration significantly eases the
In a strategic collaboration, INSTANDA, a leading digital insurance platform provider, has joined forces with Farmsure, a renowned agricultural risk management company. The collaboration aims to revolutionize the insurance landscape in the farming community by delivering innovative and tailored insurance solutions. With INSTANDA’s cutting-edge technology and Farmsure’s deep expertise in agricultural risk management, farmers and agribusinesses can now access advanced
Prodigy Health Insurance Services, a leading provider of medical stop loss insurance, has announced a strategic partnership with Gradient AI to leverage its underwriting solution and bolster its offerings. The collaboration will utilize Gradient AI’s SAIL solution for group health underwriting, enabling more accurate quoting for new business and facilitating the transition of clients to more cost-effective self-insured plans. This
Farmsure, a trusted agricultural insurance specialist, and INSTANDA, a global leader in life insurance distribution and policy administration SaaS platform technology, have announced a strategic partnership. This collaboration aims to revolutionize insurance solutions for the agricultural sector by combining INSTANDA’s state-of-the-art technology with Farmsure’s extensive expertise in agricultural risk management. Challenges in the agricultural industry The agricultural industry is currently
Foresight, a leading provider of workers’ compensation insurance, has announced a new strategic partnership with QBE North America, a global insurance company. This partnership enables Foresight to write on select QBE entities’ paper, effective from November 1, 2023. The collaboration between Foresight and QBE aims to revolutionize workers’ compensation coverage, enhance workplace safety, and drive savings on insurance costs for
In today’s rapidly changing world, global challenges such as inflation and natural disasters have made cost optimization more crucial than ever before. Additionally, emerging technological trends like Global Generative AI are reshaping the insurance market. In the face of these challenges, insurance agents and financial advisors require innovative solutions to enhance their capabilities and provide exceptional service to their clients.
In today’s digital age, the insurance industry is undergoing a transformation, thanks to the introduction of in-depth data analytics capabilities. Insurers in 2023 are now empowered to perfect their value chain by utilizing data-driven decision-making to streamline and improve the efficiency of their solutions. The ability to analyze vast amounts of data provides valuable insights that can revolutionize insurance processes
The recent partnership between Guidewire and Swiss Re aims to revolutionize the insurance industry by providing customers with a suite of advanced analytics products, integrations, and improved data transfer mechanisms. This collaboration is set to eliminate operational friction between risks, insureds, insurers, reinsurers, and intermediaries, ultimately driving efficiency and agility while reducing protection gaps in the industry. Objectives of the
In today’s ever-changing global landscape, insurers face numerous challenges, from inflationary pressures to the impact of natural disasters. Cost optimization has become crucial for insurers to maintain profitability and effectively navigate these challenges. Simultaneously, emerging technological trends like Global Generative AI are reshaping the insurance market, offering new opportunities for efficiency and improved decision-making. One such innovation, the Zelros Copilot,
Guidewire, a leading provider of software solutions for the property and casualty (P&C) insurance industry, has announced its latest cloud release, Innsbruck. This new release introduces a wide array of functional capabilities that enable insurers to capitalize on market opportunities. With advancements in customized digital experiences, risk insights, and claims automation, Innsbruck is set to revolutionize the way insurers operate
