Aviva Selects AutoRek as Their Automated Reconciliation Solution
- 2 days 5 hours 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
- 1 week 5 hours 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
- 3 weeks 10 hours 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
- 3 weeks 11 hours 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
- 1 month 1 week 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
- 1 month 4 weeks 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
- 1 month 4 weeks 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.
Insurtech blip Expands Small Business Insurance Offerings with Professional Indemnity Cover
- 2 months 3 days ago
- Insurtech
blip, a leading provider of small business insurance, is excited to announce the launch of its Professional Indemnity Insurance, expanding its comprehensive range of coverage designed specifically for today’s entrepreneurs and professionals. This new offering reinforces blip’s dedication to safeguarding small businesses with tailored, flexible protection. Offering a policy which grows with businesses, where a £1mlimit costs less than £100.
One Inc and U.S. Bank Partner to Modernize Payment Solutions for Insurance Carriers and Policyholders
- 2 months 1 week ago
- Insurtech
One Inc, the leading payments network for the insurance industry, announced today a partnership with U.S. Bank aimed at delivering a comprehensive, unified payment experience for Property & Casualty (P&C) and Life insurers. The collaboration will provide the seamless integration of U.S.
TransUnion Expands Strategic Relationship with LexisNexis Risk Solutions to Help U.K. Insurance Providers Serve Their Customers
- 2 months 2 weeks ago
- Insurtech
Global information and insights company TransUnion has expanded its long-standing relationship with LexisNexis® Risk Solutions, a leading provider of insurance data and advanced analytics, to offer TransUnion’s Affordability Report to U.K.
Duck Creek Technologies Acquires Risk Control Technologies to Deliver Comprehensive Risk Management and Mitigation Solutions
- 3 months 2 weeks ago
- Insurtech
Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) insurance, today announced it has acquired Risk Control Technologies, Inc. (“RCT”), a Toronto-based provider of risk management and loss control solutions. This strategic investment is set to transform how insurance carriers prevent loss and manage risk, enabling deployment of advanced AI and machine learning capabilities at the... more
Covr Unveils Its Third-Generation Insurance Software: The Most Advanced Platform for Simplifying Insurance for Financial Professionals
- 3 months 3 weeks ago
- Insurtech
Covr Financial Technologies, a leading digital insurance provider, announced this week the launch of Advisor 3.0, the latest version of its industry-leading insurance platform. This cutting-edge software empowers financial professionals, insurance advisors, and institutions to streamline their insurance business across various product lines, including life insurance, disability insurance, long-term care, and more.
Cytora and Kroll Ink Partnership to Provide Commercial Insurance Underwriters With New Insights Into Values and Risks
- 3 months 3 weeks ago
- Insurtech
Cytora, the leading digital risk processing platform, has partnered with the leading independent global risk and financial advisory solutions firm, Kroll.
Akur8 Has Been Selected by RSM to Bolster Their Insurance Pricing Process
- 3 months 3 weeks ago
- Insurtech
Akur8, the next generation insurance pricing and reserving solution powered by Transparent AI, is excited to announce its new collaboration with RSM US LLP (« RSM »), the leading provider of assurance, tax and consulting services for the middle market. RSM has used Akur8’s Reserving solution for several years and will now leverage Akur8’s Pricing solution (RISK, DEMAND and RATE modules) to provide enhanced actuarial services to its clients.
Experian to Transform Commercial Insurance Underwriting Processes with New AI-Powered Data Partner Solution
- 3 months 3 weeks ago
- Insurtech
Experian UK&I today announces a new AI-powered data solution ‘Hazard Tags’ which will help transform underwriting processes in the commercial insurance sector. Manual underwriting methods can be time-consuming for insurers and can often lead to a lack of clarity over key questions that are pivotal for accurate risk rating and quote pricing, as businesses expand and change their operations over time to reflect market demand.
