Industry News

Nassau Financial Group has entered into a definitive agreement for its subsidiary Nassau Life Insurance Company to acquire New York-based Delaware Life Insurance Company (DLNY).

FM Global, a commercial and industrial property insurer, has opened its client-centred experiential risk management facility in Asia Pacific, situated in Singapore Science Park.

Smart money app Plum has been ranked as the fastest growing FinTech company in the UK and the fifth in the technology space.

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

Insurance carrier Nationwide has partnered with health data platform Human API in a bid to improve the life insurance buying experience by maximising the use of digital health data.

Insurer MEMIC has selected Gradient AI, a provider of  artificial intelligence (AI) solutions  in the insurance industry, to bolster its underwriting for workers’ compensation policies.

Midwest Family Mutual Insurance Company, a provider of coverage across 24 states in the US for over 100 years, has selected InsurTech Betterview to better analyse risk.

In the age of information, it's easy to make data-driven decisions, however InsurTech Air Doctor advocates for the role of empathy in the workplace.

While AI is the top of technoogy discussions, there is still uncertainty around it. Aveni recently hosted a webinar AI: Why an executive understanding is so important, which can be watched here. It featured a discussion between natural language processing (NLP) scientist Dr Lexi Birch and Aveni COO Jamie Hunter.??

Digital images and selfies have been a staple for online verification for many years. However, Electronic IDentification has warned that they are no longer KYC/AML compliant.