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Imagine filing an insurance claim from your phone, tracking its progress, and resolving everything within days. It might sound like a mirage, but this is already happening. The insurance industry, once known for its slow and outdated processes, is undergoing a significant transformation thanks to rapid advancements in technology and innovative tech-driven solutions. 

How technology is transforming the insurance sector

Imagine filing an insurance claim from your phone, tracking its progress, and resolving everything within days. It might sound like a mirage, but this is already happening. The insurance industry, once known for its slow and outdated processes, is undergoing a significant transformation thanks to rapid advancements in technology and innovative tech-driven solutions. 
Uk-based firm MPowered Mortgages has reported that its AI-powered chatbot now solves 60% of broker enquiries.

MPowered Mortgages’ AI-powered chatbot solving 60% of broker queries

Uk-based firm MPowered Mortgages has reported that its AI-powered chatbot now solves 60% of broker enquiries.
Raincoat, pioneering AI climate insurance in Puerto Rico, clinches $150k

Raincoat, pioneering AI climate insurance in Puerto Rico, clinches $150k

Raincoat, a startup based in Puerto Rico, has received a significant financial boost with a $150k award from Google. This funding forms part of the...
Insurity has announced a new partnership with Coherent to advance the capabilities of property and casualty (P&C) insurance organisations, enabling them to modernise their systems and streamline operations.

Insurity and Coherent join forces to modernise P&C insurance operations

Insurity has announced a new partnership with Coherent to advance the capabilities of property and casualty (P&C) insurance organisations, enabling them to modernise their systems and streamline operations.
APOLLO Insurance has entered into a strategic partnership with Rhapsody Property Management Services to streamline access to digital tenant insurance solutions across Canada.

Apollo Insurance partners with Rhapsody Property Management to simplify tenant insurance in Canada

APOLLO Insurance has entered into a strategic partnership with Rhapsody Property Management Services to streamline access to digital tenant insurance solutions across Canada. The collaboration...
IBISA secures $3m to expand parametric climate insurance in Asia and Africa

IBISA secures $3m to expand parametric climate insurance in Asia and Africa

IBISA, a global leader in the Climate InsurTech sector, has successfully raised $3m to enhance its parametric insurance offerings aimed at mitigating weather-related risks across Asia and Africa.
Emerald Bay and Lightspeed unveil partnership to provide comprehensive insurance coverage in California

Emerald Bay and Lightspeed unveil partnership to provide comprehensive insurance coverage in California

Emerald Bay Risk Solutions, a collaborative underwriting carrier, has announced a strategic partnership with Lightspeed Specialty Insurance Solutions, a specialty insurance MGA and subsidiary of Volnay Insurance Holdings.
CAPE Analytics and Vexcel forge strategic partnership to enhance AI property insights

CAPE Analytics and Vexcel forge strategic partnership to enhance AI property insights

CAPE Analytics, a leader in AI-powered property insights for insurance and real estate risk, and Vexcel, a global leader in aerial imaging, have announced...
Yardi, a leading provider of real estate software for every portfolio size and type, has announced a new partnership with Obligo to enhance the resident experience by offering an innovative alternative to traditional security deposits.

Yardi and Obligo partner to revolutionise security deposit process

Yardi, a leading provider of real estate software for every portfolio size and type, has announced a new partnership with Obligo to enhance the resident experience by offering an innovative alternative to traditional security deposits.
GradGuard has expanded its renters insurance program to include students coverage in Rhode Island.

GradGuard launches expanded renters insurance program for Rhode Island students

GradGuard has expanded its renters insurance program to include students coverage in Rhode Island.

News Stories

InvestiFi and HiFin Technology join forces to enhance digital banking implementations

InvestiFi and HiFin Technology join forces to enhance digital banking implementations

InvestiFi, a prominent InvestTech platform, has entered into a strategic partnership with HiFin Technology, a leading Alkami Technology services firm.
Singapore banks enhance security to fend off phishing threats

Singapore banks enhance security to fend off phishing threats

In a recent announcement by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS), major retail banks in Singapore are set to overhaul their security protocols.
Google eyes $23bn acquisition of Wiz in major cybersecurity expansion

Google eyes $23bn acquisition of Wiz in major cybersecurity expansion

Google is reportedly close to finalizing its most significant acquisition to date, with cybersecurity company Wiz at the centre of a $23bn deal, according...
Redwood National and State Parks

Endor Labs secures strategic investment from Citi Ventures to bolster software security

Endor Labs, a trailblazer in software supply chain security, recently announced a strategic investment from Citi Ventures.
Argentine FinTech startup Tapi secures $22m in Series A

Argentine FinTech startup Tapi secures $22m in Series A

Argentine FinTech company, Tapi, has successfully raised $22m in a Series A funding round.

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