Industry News

The evolution from manual to automated systems in the insurance industry marks a significant leap towards efficiency and precision. This transition, driven by the need to overcome the limitations of traditional underwriting methods, has paved the way for a new era of insurance operations. An automated underwriting system stands at the forefront of this transformation, leveraging advanced analytics and algorithms to streamline decision-making and risk assessment processes.

Nassau Financial Group, a Hartford, Connecticut-based growth-oriented and digitally enabled financial services company, has today announced an exciting new partnership with LifeYield, a leading FinTech firm specialising in applications aimed at optimising retirement income, maximising Social Security, and minimising the tax impact on investments for clients.

Berlin-based InsurTech SureIn, a firm that specialises in delivering end-to-end insurance solutions, gas bagged €4m in seed funding.

Insurers have prioritised modernisation, but are struggling with implementation, according to a study from Earnix.

The UAE Banks Federation (UBF) and the Hong Kong Association of Banks (HKAB) have recently entered a significant MoU.

As a firm prepares to launch a mutual fund, it's crucial to establish a solid distribution strategy. ACA Group, which offers governance, risk and compliance support, recently offered a guide for intermediary channels for mutual fund distribution. 

New York-based Lemonade, an AI-powered InsurTech firm with a strong emphasis on social impact, recently announced a significant partnership with General Catalyst (GC), a reputable venture capital firm and one of Lemonade's initial backers.

Regulators in the US are set to tighten the screws on banks regarding which communities they serve through online lending.

Google has announced the launch of its earthquake alert system for Android devices in India.

The Central Bank of the UAE has selected three new partners to assist in the implementation of its CBDC strategy.