52% of Consumers Prefer Insurers Investing in Tech for Better Claims Experience After Severe Weather, Insurity Survey Finds
- 4 months 1 week ago
- Insurtech
Insurity, the leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, today announced findings from its 2024 Severe Weather Consumer Pulse Survey, revealing deeper insights into consumer opinions on how severe weather events influence their insurance coverage decisions. Insurity’s survey uncovered a shift in consumer priorities, emphasizing that cost is no longer the greatest driver for policy selection.
Insurity Launches New Spreadsheet API Solution to Enhance Insurance Product Development
- 4 months 3 weeks ago
- Insurtech
Insurity, the leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, today announced the launch of Insurity Spreadsheet API, a solution designed to help insurance organizations launch new insurance products faster by transforming the business logic in sprea
PhonePe Launches Pre-Approved Term Life Insurance
- 4 months 3 weeks ago
- Insurtech
PhonePe, today announced the launch of a ‘pre-approved term life insurance’ feature on its platform. The feature aims to make insurance coverage more accessible and affordable for millions of Indians by waiving the requirement for proof of income at the time of policy purchase.
Cytora And Xapien Partner To Bring Rapid, Automated Due Diligence To Commercial Insurers
- 4 months 3 weeks ago
- Insurtech
Cytora, the leading digital risk processing platform, has partnered with AI-powered due diligence company Xapien.
Wefox Exits German Market with Two Successful Transactions
- 5 months 5 days ago
- Insurtech
As announced in June, wefox has continued to implement its exit from the German insurance market as part of the refocusing of its portfolio on profitable market positions of critical size.
Insurtech UK Launches New Advisory Panel to Strengthen UK Insurtech Sector
- 5 months 1 week ago
- Insurtech
Insurtech UK today launches a new Advisory Panel convening senior leaders from across the insurance industry to progress strategic priorities for the future growth of UK insurtech.
Selective Insurance Employs One Inc’s ClaimsPay® Solution
- 5 months 2 weeks ago
- Insurtech
One Inc, the leading digital payments network for the insurance industry, announced today that Selective Insurance, a leading business, home, and auto insurer, has selected One Inc's ClaimsPay® digital payment solution.
Lemonade's 2024 Giveback Donates Over $2 Million to Customer-Chosen Organizations in its Eighth Year
- 5 months 2 weeks ago
- Insurtech
Lemonade, the digital insurance company driven by AI and social impact, announced its 2024 Giveback, marking the eighth consecutive year of giving back to dozens of local and global charities chosen by customers.
Ushur Launches Prebuilt Onboarding Automation Solution for Group and Worksite Benefits Companies
- 5 months 2 weeks ago
- Insurtech
Ushur, the leader in AI-powered Customer Experience Automation™ (CXA), today announced its prebuilt AI-powered automation solution to slash turnaround time and improve onboarding communications for insurance carriers, health plans and financial services companies.
Cytora to Enhance Risk Assessment Capabilities with Gamma Risk Partnership
- 5 months 2 weeks ago
- Insurtech
Cytora, a leading digital risk processing platform, has announced a strategic partnership with Gamma Risk, a global provider of location intelligence systems and services, aimed at revolutionizing commercial property risk assessment for insurers.
Verisk Launches First-of-its-Kind Insurance Index to Better Inform Pricing Decisions
- 5 months 3 weeks ago
- Insurtech
The insurance industry exceeded loss ratio levels that have not been seen in nearly 20 years, with an estimated $21.2 billion reported in underwriting losses in 2023. To help insurers, Verisk a leading global data analytics and technology provider, has launched its ISO Experience Index, an innovative tool designed to modernize how actuaries in the insurance industry analyze risk patterns.
AutoRek to Transform Insurance Firms’ Premium Processing by Joining Forces with J.P. Morgan Payments
- 6 months 3 days ago
- Insurtech
AutoRek, a leading insurtech that streamlines premium processing operations within insurance firms, today announced that it has joined forces with J.P. Morgan Payments to help insurance firms overcome data complexities and present new market opportunities.
Allica Bank Partners with Westcor International to Launch Title Indemnity Insurance and Cut Application Times
- 6 months 5 days ago
- Insurtech
Allica Bank has partnered with leading title insurance provider Westcor International to introduce their Perfect Title insurance product across its commercial mortgage range from 1st July 2024. The move will help to significantly reduce lending times for new property purchases up to a maximum value of £1.5 million with an LTV of up to 60%. It will also apply to any refinance application, regardless of loan amount or LTV.
Bondaval Releases Trade Credit Policy That Delivers Greater Certainty Over Credit Risk Cover, Without the Admin Burden
- 6 months 1 week ago
- Insurtech
Bondaval, a leading insurtech offering payment default protection powered by technology, is launching its first trade credit insurance product. With the help of intelligent tools and guidance built into the Bondaval platform, users are equipped to effortlessly manage their policy obligations, understand what actions they need to take, and achieve greater certainty over their cover.
Cytora Joins Forces with ChAI to Help Insurers Navigate Market Volatility
- 6 months 2 weeks ago
- Insurtech
Cytora, the leading digital risk processing platform, has partnered with ChAI, an AI-powered raw material market intelligence and commodity pricing forecaster.
