Company News

FRISS opens office in France to boost its efforts combating fraud

Automated fraud and risk detection platform FRISS has expanded to France to boost efforts in fighting insurance Fraud.
biodiversity

Standard Chartered breaks new ground with first head of biodiversity

Standard Chartered has announced the appointment of Oliver Withers as the bank's first Head of Biodiversity.

CyberCube and Duck Creek partner to bolster cyber underwriting

Cyber risk analytics specialist CyberCube has partnered with Duck Creek Technologies a leading provider of software-as-a-service (SaaS) insurance core systems, to streamline the underwriting of cyber insurance policies.

InsurTech BIMA bags $30m to expand in Africa and Asia

InsurTech BIMA has raised $30m in a new round with the goal of using the money to drive mass adoption of digital health and InsurTech solutions in emerging markets.
Motor claims processing has become a crucial component of the insurance industry due to its high volume, significant impact on customer satisfaction, and financial implications. With the frequent occurrence of vehicle-related incidents, insurers must efficiently manage numerous claims to maintain operational effectiveness. The speed and accuracy of claims handling directly influence customer satisfaction and loyalty - and Generative AI may be the future, as Simplifai explains.

How Generative AI is transforming motor insurance claims

Motor claims processing has become a crucial component of the insurance industry due to its high volume, significant impact on customer satisfaction, and financial implications. With the frequent occurrence of vehicle-related incidents, insurers must efficiently manage numerous claims to maintain operational effectiveness. The speed and accuracy of claims handling directly influence customer satisfaction and loyalty - and Generative AI may be the future, as Simplifai explains.

Around 4,800 websites hit by formjacking each month, Symantec study claims

Around 4,800 unique websites are compromised by formjacking code each month, a report from cybersecurity giant Symantec states. The 24th volume of the Internet Security...
MAS

Google Cloud, MAS forge partnership to enhance AI capabilities in financial sector

The Monetary Authority of Singapore (MAS) and Google Cloud have partnered to focus on the development and use of Generative AI applications.

INSHUR partners with Five Sigma

InsurTech company INSHUR has bolstered its UK in-house claims operations through a new deal with Five Sigma, a cloud-native claims management solutions provider.

Klarna becomes Europe’s most valuable FinTech on the back of $650m round

Swedish payments unicorn Klarna can convincingly claim to hold the title of Europe's most valuable privately-owned FinTech company after a $650m funding round pushed...
Aon plc, a leading global professional services firm, announced that Edmund Reese will be appointed as executive vice president and chief financial officer (CFO), effective 29 July 2024.

Edmund Reese to join Aon as CFO amidst strategic growth plans

Aon plc, a leading global professional services firm, announced that Edmund Reese will be appointed as executive vice president and chief financial officer (CFO), effective 29 July 2024.

News Stories

Experian and Paylink unveil debt consolidation solution to boost financial accessibility

Experian and Paylink unveil debt consolidation solution to boost financial accessibility

Experian, a global leader in consumer and business credit reporting and marketing services, partners with Paylink, a forefront provider of affordability software and payments solutions.
Mitigram and Fides join forces to revolutionise global trade finance

Mitigram and Fides join forces to revolutionise global trade finance

Mitigram, a global leader in digital trade finance, has announced a strategic partnership with Fides, the industry-leading provider of multibank connectivity solutions.
Approveit secures $1m in funding to enhance its payment automation software

Approveit secures $1m in funding to enhance its payment automation software

Approveit, an operations and automation platform for businesses, has successfully raised $1m.
Validus partners with HSBC for $50m facility to boost SME lending in Indonesia

Validus partners with HSBC for $50m facility to boost SME lending in Indonesia

Validus, headquartered in Singapore, has announced a new partnership with HSBC, establishing a $50m debt facility aimed at bolstering financial inclusion for micro, small, and medium enterprises (MSMEs) in Indonesia.
BillEase secures Series C funding led by TPG's The Rise Fund to enhance Filipino financial inclusion

BillEase secures Series C funding led by TPG’s The Rise Fund to enhance Filipino...

BillEase, a digital consumer finance platform in the Philippines, has announced a significant milestone in its growth trajectory.

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