How AI-backed dynamic pricing is transforming insurance sales
In a constantly evolving landscape, insurance businesses grapple with macroeconomic trends impacting profitability and sustainability. From shifts in claims costs driven by inflation to the escalating risks posed by climate change, insurers face multifaceted challenges. State Farm and Allstate's retreat from California's home insurance market due to wildfire risks underscores the severity of these challenges.
Stephen Pike to head new credit insurance venture backed by Investor Beat Capital Partners
Investor Beat Capital Partners is set to launch Convergence, a credit insurance business led by founder and chief executive Stephen Pike.
Mulberri and Acronis join forces to offer embedded cyber insurance to US SMBs
Mulberri, an AI-driven insurance platform, has announced a partnership with Acronis to offer Mulberri’s Cyber Insurance to Acronis' small and medium-sized business customers in the US.
How to choose the best AI solution for claims management
The insurance industry is undergoing a transformative shift, propelled by the integration of Artificial Intelligence (AI). As insurers grapple with increasingly complex claims and rising customer expectations, AI has emerged as a potent tool to streamline processes, enhance accuracy, and elevate customer satisfaction levels. However, amidst the plethora of AI solutions available, selecting the right option for claims management is not a simple task, as AI automation platform Simplifai explains.
AKKO announces acquisition of Upsie to cement market position
AKKO, a premier provider of modern device insurance solutions, has proudly announced its acquisition of Upsie, an innovative player in the device insurance market.
HDI Global aims to extend services to mid-market segment
HDI Global, an industrial insurer renowned for its long-term partnerships with large industrial clients globally, is extending its services to the mid-market segment. With a...
Allianz Partners introduces instant online chat for HCF travel insurance customers
Allianz Partners Australia, a leading insurance provider, has unveiled a new online chat feature tailored for customers of its travel insurance partner, HCF.
McKinsey and Google Cloud collaborate to drive $4tn business value with GenAI
McKinsey and Google Cloud have partnered to unlock the capabilities of generative artificial intelligence (GenAI), with an estimated $4tn in potential business value.
Electric Bike Company teams up with Oyster for enhanced rider insurance experience
Oyster, an embedded insurance platform for commerce, has announced its partnership with Electric Bike Company, a renowned player in the micro-mobility industry.
New legal expense insurance for digital asset theft unveiled by M2 Recovery
M2 Recovery, a prominent InsurTech firm, has recently unveiled a novel insurance product specifically designed to address the legal expenses associated with the recovery of stolen digital assets.