Industry News

 SteelEye, which claims to be the first and only integrated surveillance solution, has integrated ChatGPT into its compliance platform.

Regulatory compliance tech vendor eflow Global is working with Portfolio Bi, a developer of investment management software and services, to help managers meet regulator and investor requirements.

AdvantageGo, commercial insurance and reinsurance software provider, has entered into an alliance with InsurTech Zywave.

Auto insurance company Indiana Farmers has selected CCC Intelligent Solutions, a cloud platform providing solutions for the P&C insurance economy, for its AI-powered solutions.

Munich Re has partnered with InsurTech Paperless Solutions Group (PSG) to launch a risk assessment and e-application solutions to transform life insurance underwriting.

Contango Digital Assets, a leading blockchain venture capital firm, has recently closed its seed round on $1.2m.

Simply Business, a Boston-based digital insurance company focused on small businesses, is to offer several of its commercial insurance solutions through AmSuisse.

Toku, a platform seeking to revolutionise the way firms collect payments in Latin America, has scored $7m in a seed funding round.

Admiral, a car insurance provider in the UK, has extended its partnership with Cambridge Mobile Telematics (CMT), to launch LittleBox Pod, a new telematics offering that can lower insurance prices for drivers of all ages.

Swiss Re has reported that natural disasters resulted global economic losses of $275bn in 2022, of which $125 billion were covered by insurance, reaffirming a trend of 5-7% annual increases.