Company News

P&C and health pricing teams operate in a dynamic environment. They need to ensure that their current pricing strategy is not only appropriate for their policyholders but also accurately aligned with the evolving competitive and regulatory landscape. In reality, pricing executives act as insurance portfolio managers, constantly monitoring margins, loss ratios, and GWP to align with both the insurer's overall strategy and market competition. Recent regulations such as the UK's Customer Duty, also highlight the necessity for real-time identification of risk outliers within portfolios and the ability to explain these outliers to regulators, making this capability a regulatory requirement.

How to master insurance portfolio management

P&C and health pricing teams operate in a dynamic environment. They need to ensure that their current pricing strategy is not only appropriate for their policyholders but also accurately aligned with the evolving competitive and regulatory landscape. In reality, pricing executives act as insurance portfolio managers, constantly monitoring margins, loss ratios, and GWP to align with both the insurer's overall strategy and market competition. Recent regulations such as the UK's Customer Duty, also highlight the necessity for real-time identification of risk outliers within portfolios and the ability to explain these outliers to regulators, making this capability a regulatory requirement.
Bud Financial, a London-based financial data intelligence platform, has announced that it has chosen Vilnius, Lithuania as its European hub.

Bud Financial chooses Vilnius as its European hub

Bud Financial, a London-based financial data intelligence platform, has announced that it has chosen Vilnius, Lithuania as its European hub.

Two companies reach unicorn status in this week’s FinTech funding rounds

The FinTech sector saw a pair of new unicorn's emerge following a host of successful tranches across the space, as $827.5m was raised throughout this week's FinTech funding rounds.

New Deloitte survey reveals major shift in corporate ESG strategies for 2024

A new survey from Deloitte has highlighted significant trends among public companies gearing up for enhanced ESG disclosures.

GIX files with SEC to introduce pioneering green stock exchange in America

GIX, an enterprise established in 2022 by former NYSE executives is striving to lead the US in sustainability-focused financial operations.

US Treasury unveils comprehensive cloud security framework for financial services

The U.S. Treasury, in collaboration with the Financial Services Sector Coordinating Council (FSSCC), has officially released a comprehensive suite of resources tailored for financial services institutions.
Juno, the first company in the U.S. to provide child disability insurance, has announced the successful closure of an $8.5m Series A funding round.

Child disability insurance pioneer Juno raises $8.5m in Series A funding

Juno, the first company in the U.S. to provide child disability insurance, has announced the successful closure of an $8.5m Series A funding round.

Enterprise blockchain innovator Allium raises $16.5m led by Theory Ventures

Allium Inc, an enterprise in blockchain data delivery, today announced a successful early-stage funding round of $16.5m. According to Silicon ANGLE, this significant investment will...

Coast accelerates fleet payment solutions with $40m Series B funding

Coast, a New York-based company, has announced a $40m investment in its Series B funding round, spearheaded by ICONIQ Growth.
Embroker, the digital insurance company simplifying the insurance buying experience for businesses, has unveiled its specialised coverage program designed for real estate agents and brokers.

Embroker launches specialised insurance program for real estate professionals

Embroker, the digital insurance company simplifying the insurance buying experience for businesses, has unveiled its specialised coverage program designed for real estate agents and brokers.

News Stories

Simplifai, a firm specialising in AI-powered solutions, has been recognised for demonstrating the most strategic impact in the insurance industry. 

Simplifai recognised for strategic impact in the insurance industry

Simplifai, a firm specialising in AI-powered solutions, has been recognised for demonstrating the most strategic impact in the insurance industry. 
LinkedIn

How to harness LinkedIn’s full potential for financial services

LinkedIn has become an essential tool for professionals, especially within the financial services industry. According to Theta Lake, with its impressive networking capabilities, LinkedIn...
Ivans, a leading provider of software solutions for the insurance industry, has announced the expansion of commercial lines supported on its Ivans Distribution Platform.

Ivans introduces comprehensive commercial policy support on Ivans Distribution Platform

Ivans, a leading provider of software solutions for the insurance industry, has announced the expansion of commercial lines supported on its Ivans Distribution Platform.
entity

How entity verification shapes AI deployment in risk management

Moody's has unveiled findings in their recent study, indicating that Entity Verification is crucial for improving AI accuracy in risk and compliance sectors.
scam

June’s spike in impersonation scams costs Singaporeans $10.6m

In June, Singapore witnessed a significant rise in impersonation scams, with fraudsters swindling $10.6m from 63 victims. According to Finextra Research, these sophisticated scams...

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