79% Of Commercial Insurers Cite Risk Digitization As Primary Technology Priority
- 1 week 6 days ago
- Insurtech
A new survey conducted by Cytora, the digital risk processing platform, has revealed the top strategic technology priorities for major commercial insurers across the North America and UK and identified a strong industry-wide focus on risk digitization.
Embrace Or Fall Behind: More Than Half Of Insurance Firms Will Adopt SaaS Solutions To Handle Disparate Data
- 2 weeks 6 days ago
- Insurtech
Outdated processes are continuing to result in lengthy settlement periods and hinder efficiency across the insurance industry. New research from AutoRek has revealed that two-thirds of firms contend with at least 10 data sources or inputs to their premium payment process. Adding to this, more than half of all firms surveyed process over 10 million transactions annually, with an average of over 16.77 million.
Cytora Joins Google Cloud Marketplace To Transform Commercial Insurance
- 3 weeks 1 day ago
- Insurtech
Cytora, the AI risk digitization platform, today announced its availability on Google Cloud Marketplace. The move will enable more commercial insurers, MGAs, reinsurers and brokers to automate risk processing to create capacity, decouple premium growth from expense growth, and gain control over risk submission data.
Pioneer Insurance Selects Sapiens to Drive Digital Innovation in the Philippines
- 4 weeks 1 day ago
- Insurtech
Sapiens International Corporation , a leading global provider of software solutions for the insurance industry, announced that Pioneer Insurance and Surety Corporation, the leading insurance provider in the Philippines, has chosen Sapiens Insurance Platform to drive digital transformation and enhance customer experience.
Fusion Specialty Partners With Insly to Accelerate Growth in M&A Insurance
- 1 month 1 week ago
- Insurtech
Fusion Specialty, the global underwriting agency (managing general agent), has chosen Insly to provide end-to-end insurance software across its global operations. The system will enable Fusion Specialty to better handle rapidly increasing business volumes, support the underwriting process, and automate and standardise processes across the insurance lifecycle.
Cytora and Confianza Partner to Bring Smarter Business Intelligence to Insurers
- 1 month 1 week ago
- Insurtech
Cytora, the leading digital risk processing platform, and Confianza, a cutting-edge insurtech that is fast-tracking targeted risk selection and loss ratio improvements, today announced a strategic partnership designed to enhance commercial insurance workflows and improve underwriting efficiency.
Insurity Survey Reveals Declining Consumer Confidence in AI for P&C Insurance, Signaling a Need for Action From Insurers
- 1 month 2 weeks ago
- Insurtech
Insurity, a leading provider of cloud-based solutions for insurance carriers, brokers, and MGAs, today released more findings from its 2025 AI in Insurance Report, highlighting a significant shift in consumer trust and sentiment toward the use of artificial intelligence (AI) in P&C insurance com
Vouch Expands Insurance Capabilities With StartSure Acquisition and Announces Series D Financing Led by Allegis Capital
- 1 month 3 weeks ago
- Insurtech
Vouch, the leading business insurance provider for high-growth companies, today announced that it has signed a definitive agreement to acquire the team and book of business of StartSure Insurance Services, Inc., an insurance provider that simplifies how small businesses get insurance. Vouch is also announcing the first close of its Series D funding round, led by Allegis Capital with all other major investors participating, reinforcing its... more
Aviva Selects AutoRek as Their Automated Reconciliation Solution
- 2 months 1 week ago
- Insurtech
Aviva, one of the UK's leading insurance, wealth and retirement businesses, has chosen AutoRek, a leader in automated reconciliations, as their reconciliation and CASS tool.
Lazada and Peak3 Launch a New Digital Insurance Joint Venture in Southeast Asia
- 2 months 2 weeks ago
- Insurtech
Lazada, Southeast Asia’s leading eCommerce platform, and Peak3, a global leader in insurance technology, have announced the launch of a joint venture (JV) to build the leading digital and embedded insurance ecosystem in Southeast Asia.
European Insurers Prepare for a $362 Billion Tech Transformation
- 2 months 4 weeks ago
- Insurtech
The insurance industry is poised for significant technological advancements, with global IT spending projected to reach $362 billion by 2025. In response to this rapid evolution, Reuters Events has released the Top 2025 Technology Trends for European Insurers chartbook, offering critical insights into the future of insurance technology.
Farm Bureau Insurance Company of Idaho Selects Akur8’s Core Platform Solution to Enhance Predictive Modeling and Drive Better Pricing Decisions
- 2 months 4 weeks ago
- Insurtech
Akur8, the next generation insurance pricing and reserving solution powered by transparent machine learning, is thrilled to announce that Farm Bureau Insurance Company of Idaho, the largest property-casualty insurance company headquartered in the Gem State, has selected Akur8’s Core Platform solution to streamline the development of high performing, explainable pricing models.
Cytora and Moody’s RMS Partner to Help Insurers Weather Climate and Natural Disaster Risk
- 3 months 2 weeks ago
- Insurtech
Cytora, the leading digital risk processing platform, has partnered with global catastrophe risk modeling and solutions company Moody’s RMS.
Zurich Acquires AIG’s Global Personal Travel Business, Becoming a Leading Travel Insurer
- 4 months 5 days ago
- Insurtech
Zurich Insurance Group (Zurich) has successfully acquired AIG’s global personal travel insurance and assistance business, including Travel Guard, for USD 600 million, plus a potential earn-out payment. The transaction makes Zurich one of the largest travel insurers globally.
Wefox Agrees to Sell Insurance Carrier
- 4 months 6 days ago
- Insurtech
As announced in June 2024, the Liechtenstein-domiciled insurance carrier wefox Insurance AG is no longer part of wefox's core business. wefox has now agreed to sell the insurance company to a group of Swiss companies led by BERAG.
