Industry News

Akur8, the creator of next-generation insurance pricing solutions employing transparent machine learning, has teamed up with Canal Insurance Company, a leading commercial insurance provider.

The City of London Corporation, in collaboration with HM Treasury, has recently unveiled the 2023 edition of the State of the Sector: annual review of UK financial services. This marks the second edition of the review, which was first suggested by Lord Hill's UK Listing Review in 2021. The report focuses on evaluating the international competitiveness and allure of UK's financial services.

Insurers are finding themselves on the cusp of an innovative overhaul, specifically with regard to the claims journey - a process historically plagued by complex systems and lack of transparency, but now being redefined by advancing technology and evolving customer expectations.

Simply Business, a Boston-based digital insurance firm catering to small businesses, has declared a new collaboration with Cerity, a leading provider of digital-first, direct-to-consumer workers' compensation insurance policies.

CapStack, the integrated operating system for banks, has officially stepped out of stealth mode, amassing $6m in pre-seed funding.

A survey has found almost half of board members believe organisations lack the necessary skills and expertise to tackle climate issues.

As ESG becomes a major focus for regulators around the world, companies need to ensure they can cope with the regulatory requirements. One area...

Nikhil Rathi, the FCA chief, has issued a warning to banks concerning the risks associated with AI and the menace of 'deep fake' fraud.

In the ongoing global efforts against money laundering, the task of comprehending customer identities has proven to be a crucial element in Know Your Customer (KYC) compliance for financial establishments over the years. However, the perpetual shift in regulations has augmented the expense and intricacy involved in acquiring and maintaining clients.

The European Union (EU) has recently adopted a new and thorough robust data privacy agreement with the United States.