Company News

Artificial Intelligence (AI) is revolutionising the insurance sector by enhancing underwriting, claims processing, customer service, and product development. The technology has already shown its value in automating manual tasks, improving risk assessments, detecting fraud, personalising customer interactions, and enabling predictive pricing.

Chaiz, an Austin-based marketplace for extended car warranties, has raised $3.7m in seed funding, as it looks to expand its coverage options.

The FCA has recently completed its review on how PEPs, including Members of Parliament, public servants, and their relatives and close associates (RCAs), are handled by financial services.

Whitespace, the fully digital e-trading platform and a Verisk business, has launched new library and contract builder capabilities.

Aon, a global professional services firm, and Columbia University, an Ivy League research university based in New York, have renewed their partnership until 2027 to enhance research on the correlation of climate risk between various perils and regions.

Insured Nomads, a leading global provider of health insurance and assistance products for modern companies and travellers, has partnered with Global Nomad Pass to incentivise travellers, remote workers, and digital nomads to shop with local businesses.

Stori, the Mexican FinTech unicorn, has announced a substantial investment of $212m.

Credit Agricole Bank Polska has leveraged Comarch's expertise to redefine the customer experience in banking.

Handling health and lifestyle data involves several intricate challenges, primarily due to the sensitive nature of the information. Ensuring privacy is a top priority, and securing consent for data use can be complex, especially if not addressed early in the process. This often restricts analysis to internal use only, limiting the involvement of external experts and increasing the risk of bias due to broad consent requirements.

ZestyAI, the leading provider of climate and property risk analytics solutions, has unveiled its newest solution, designed to address the increasing frequency and severity of non-weather water and freeze claims.