Industry News

Specialty insurance classes pose some of the most intricate pricing challenges in the insurance industry. Their rapidly evolving dynamics, coupled with their long-term nature, demand prices capable of standing the test of time. Gathering sufficient data for these specialty lines often proves difficult due to the nascent stage of many of these books and the inherent complexities in data collection.

RegTech firm, REGnosys, and award-winning social enterprise, Next Tech Girls, have announced a promising partnership with a shared goal of addressing the prevalent issue of gender disparity in the technology sector.

Giraffe, a New York-based FinTech firm, offers an innovative impact investing platform, aimed specifically at employees.

Leading cash-flow management platform, Settle, has recently secured an impressive $145m credit facility.

Galaxy Ventures GmbH, the parent company of Austrian FinTechs AgenaTrader and TradersYard, has announced its €3.5m investment.

The power of pricing transformation in the digital journey of insurance companies cannot be overstated. A pivot towards this aspect can lead to an impressive array of benefits, ranging from competitive edge to talent retention, regulatory adherence and even improvement in loss ratio.

Flagright recently outlined some of the key reasons why it is key for compliance officers to demystify algorithmic bias.

Artificial intelligence (AI) has captured people’s imagination for decades. Sci-fi movies have often placed technology at their centre, depicting both potential utopias and dystopias of human life. In recent years, remarkable strides in AI have brought us closer than ever to a future where it seamlessly integrates into our daily lives. Yet, we are merely scratching the surface of what lies ahead.

Chargeback fraud, an ever-present issue affecting businesses of all kinds and sizes, results in losses totalling to billions annually. The surge in eCommerce has coincided with an increase in such fraudulent activities, and this alarming trend is expected to continue.

In the US, the notion of Environmental, Social and Governance (ESG) reporting has been met with widespread approval. A growing awareness of ESG's value...