Liberty Mutual Re, Sprout, and Britam join forces to launch insurance solution for Kenyan...
Liberty Mutual Reinsurance has announced its involvement in a new partnership aimed at supporting Kenyan coffee growers through innovative insurance solutions.
Hiscox debuts generative AI-enhanced lead underwriting model in collaboration with Google Cloud
Hiscox, a global specialist insurer known for its tailored insurance solutions, has announced the launch of the London insurance market's first lead underwriting model enhanced by generative AI.
Howden Re partners with Temblor to enhance earthquake risk modelling in Turkey
Howden Re, a global reinsurance broker known for its innovative risk transfer solutions, has announced a new partnership with Temblor Inc, a catastrophe modelling company that specialises in seismic hazard and risk assessment.
Walnut raises $4.6m to revolutionise embedded insurance distribution
Walnut, an innovative company in the insurance distribution sector, has successfully closed a $4.6m funding round. The funding round was led by NAventures, the corporate...
The ethical implications of AI in insurance
Artificial Intelligence (AI) is revolutionising the insurance sector by enhancing underwriting, claims processing, customer service, and product development. The technology has already shown its value in automating manual tasks, improving risk assessments, detecting fraud, personalising customer interactions, and enabling predictive pricing.
Aon and Columbia University extend partnership to enhance climate risk research
Aon, a global professional services firm, and Columbia University, an Ivy League research university based in New York, have renewed their partnership until 2027 to enhance research on the correlation of climate risk between various perils and regions.
ZestyAI unveils AI-powered model for non-weather water claims
ZestyAI, the leading provider of climate and property risk analytics solutions, has unveiled its newest solution, designed to address the increasing frequency and severity of non-weather water and freeze claims.
AI-driven insurance firm Roadzen secures $4m funding from Mizuho Securities
Roadzen Inc., a global leader in AI at the convergence of insurance and mobility, has secured an extension of its loan maturity date and...
Applied Systems launches all-new data analytics capability for US and Canadian markets
Applied Systems®, a leading provider of cloud-based software that powers the business of insurance, has announced the general release of an all-new data analytics capability.
UK insurance firms struggle to meet Consumer Duty Act expectations
New research from NTT DATA UK&I has unveiled that 82% of UK consumers have not noticed a change in their interactions with insurance providers...