Rise in insurance fraud linked to cost of living squeeze
The cost of living crisis in the UK has contributed to a dramatic increase in insurance fraud, with a surge of 61% reported, according to the City of London Police's Insurance Fraud Enforcement Department (IFED).
Cloverleaf Analytics and Socotra seal partnership for elevated insurance intelligence
Cloverleaf Analytics, an esteemed provider of Insurance Intelligence solutions, and Socotra, renowned supplier of top-tier insurance IT solutions and policy core, have declared a new partnership.
ShipStation and ParcelGuard partnership takes on shipment insurance
ShipStation, a leading player in cloud-based ecommerce shipping solutions, has unveiled its shipment protection offering, ParcelGuard, for US merchants.
InsurTech innovator Federato lands $25m investment led by Caffeinated Capital
Federato, an innovative InsurTech firm, introduced as the insurance industry's premier RiskOps underwriting platform, disclosed today a successful $25m Series B fundraising round.
IFRS revolutionises climate reporting with global sustainability standards
The International Sustainability Standards Board (ISSB) of the IFRS Foundation its new sustainability and climate disclosure standards.
From stagnation to transformation: How pricing reshapes the digital landscape for specialty insurers
Digital transformations have spurred exponential profitability across various sectors including ridesharing, retail, banking, and travel. However, according to hyperexponential, despite being a data-rich sector, the insurance industry has been slower in achieving this level of growth.
Socure eyes world-class ID verification with $70m Berbix acquisition
Socure, a digital identity verification solutions firm, has acquired San Francisco-based Berbix, a pioneer in document verification solutions.
Driving change in insurance
As insurance firms continue to look towards the future, trust seems to be the key to unlock the full potential of companies.
BeeKeeperAI secures $12.1m to bolster AI on private healthcare data
BeeKeeperAI, a zero-trust, collaboration software firm for developing and deploying AI, has successfully secured $12.1m in funding.
Rowan Douglas takes reins as CEO of Howden’s climate risk and resilience unit
Howden has publicised the appointment of Rowan Douglas as the CEO of its Climate Risk and Resilience division.
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