Swiss Re Launches Swiss Re Life Guide Scout, a Generative AI-powered Underwriting Assistant
- 1 year 5 months ago
- Insurtech
Swiss Re launches an augmented version of its Life & Health underwriting manual Life Guide. The new version comes equipped with Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant, developed by Swiss Re, that integrates Microsoft Azure OpenAI Service. Swiss Re Life Guide Scout aims to help increase the efficiency and quality of underwriting by generating swift answers compiled from curated expert knowledge in response... more
Insurance Leaders Optimistic About AI’s Impact on Underwriting Quality and Fraud Reduction but Underwriter Confidence Lags
- 1 year 5 months ago
- Insurtech
The Capgemini Research Institute’s World Property and Casualty Insurance Report 2024, published today, reveals the underwriting capabilities of insurers are being restricted by organizational constraints.
FloodFlash Launches New Business Interruption Coverage Ahead of Hurricane Season
- 1 year 5 months ago
- Insurtech
Ahead of the 2024 Atlantic hurricane season, FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage in the United States. With a widely predicted hyperactive hurricane season, many experts anticipate huge losses from property damage and BI that could devastate businesses and communities for months on end.
Genesis Launches Credit Insurance Application
- 1 year 5 months ago
- Insurtech
Genesis Global launched a new solution to automate bank processes for offsetting credit risk in lending and financing businesses.
Data-Driven Marine Insurance Sails Forward Following Cytora and TradeAtlas Team Up
- 1 year 5 months ago
- Insurtech
Cytora, the leading digital risk processing platform, has partnered with global trade data company TradeAtlas. The partnership will enable marine insurers to leverage a huge range of import and export information to make faster and more accurate risk decisions.
Verisk Pioneers New Approach to Catastrophe Risk with Release of Next Generation Models
- 1 year 5 months ago
- Insurtech
Verisk, a leading global data analytics and technology provider, has announced a monumental leap forward in global catastrophe modeling and risk analysis with the launch of Verisk's Next Generation Models (NGM). This suite of 100+ models will be implemented by insurers and reinsurers to evaluate risk across the globe with a new financial modeling framework designed to reflect anticipated insured losses from extreme events more accurately than... more
Cytora Engaged by Chubb to Enhance Claims Automation
- 1 year 5 months ago
- Insurtech
Insurtech Cytora announced that the company has been engaged by Chubb, a world leader in insurance, to automate claims document processing. Cytora is a pioneer of Generative AI applied to insurance workflows that digitize insurance workflows at unparalleled levels of performance, configurability and scalability across the enterprise.
Insurtech Qover Forges Partnership with Rewards Credit Card Yonder
- 1 year 5 months ago
- Insurtech
Qover, insurtech leader in embedded insurance orchestration, announces its partnership with UK-based credit card fintech Yonder, offering its members a seamless and comprehensive travel insurance experience.
Clearcover Launches Generative AI Insurance Tool to Expedite Claims Processing and Improve Customer Experience
- 1 year 5 months ago
- Insurtech
Clearcover, a next-generation car insurance company, announces the launch of its revolutionary generative AI solution that further digitizes statement collection, significantly streamlining the insurance claims process and customer experience.
Chubb and Atome Announce Regional Partnership to Drive Consumer Protection Across Southeast Asia
- 1 year 6 months ago
- Insurtech
Chubb, a world leader in insurance, and Atome, one of Southeast Asia's leading digital financial services platforms, today announced a regional partnership to help drive consumer protection across Southeast Asia. The partnership will enable both companies to co-create a range of insurance products available to Atome's customers in Singapore, Malaysia, the Philippines and Indonesia.
Chubb Launches Global Transactional Risk Platform to Grow its Footprint Internationally
- 1 year 6 months ago
- Insurtech, People Moves
Chubb today announced the launch of a global transactional risk platform to provide transactional risk liability insurance products across international markets. Chubb has appointed Josh Cowen as Senior Vice President, International Transactional Risk to lead this initiative from London.
PeppercornAI & ICE InsureTech Announce Partnership
- 1 year 6 months ago
- Insurtech
Insurtech PeppercornAI announced its first strategic partnership with ICE InsureTech which will support rapid digital transformation in the insurance industry. The partnership will enable providers to leverage PeppercornAI’s conversational AI platform Pipr, whilst also benefiting from seamless integration through ICE’s Open Business APIs and modern infrastructure.
Marble Expands Services: Members Can Now Shop for Commercial Insurance
- 1 year 6 months ago
- Insurtech
Marble, the all-in-one digital wallet for insurance, has expanded its offerings to include commercial insurance, solidifying its position as a comprehensive insurance platform for members. With a mission to simplify insurance shopping and management, Marble now empowers members to organize, compare, and shop for both personal and commercial insurance policies seamlessly within its app.
Open Makes Bold Entry into UK Insurance Market with SO-SURE Acquisition to Boost Global Expansion
- 1 year 6 months ago
- Insurtech
Open, a global leader in embedded insurance is set to strengthen its foothold in the UK insurance market with its strategic acquisition of SO-SURE, a UK-based InsurTech. The acquisition of SO-SURE closed on Monday, 11th March 2024, and will see Open leverage the UK-based insurtech’s award-winning mobile protection and contents products as a catalyst for accelerated growth within the UK.
stc Group and bolttech Forge Strategic Collaboration in the Middle East
- 1 year 6 months ago
- Insurtech
International insurtech bolttech and stc Group, the leading telecommunications company acting as the engine of digital transformation in the region, today announced the launch of its partnership and expansion into the Middle East. bolttech’s collaboration with stc Group will provide stc’s customers with innovative, embedded device protection offerings through a technology-enabled experience.
