Infrastructure/Back-end

Founded in 2005, Ascent has a key mission: help insurers and reinsurers become more profitable by accelerating their ability to transact. We recently spoke to CCO George Earp and Principal Architect Konrad Pfeffer to find out more.

Planck has unveiled a 'game-changing' underwriting tool that incorporates advanced Generative AI (GenAI) functionalities.

Everest has established a new wholesale division to serve the US excess and surplus (E&S) and programs markets. The global underwriter providing property, casualty, and...

Coaction Global has announced the completion of a $200m capital raise to support its transformation into a full-service specialty insurance company.

Comprehensive management of new and emerging risks is vital for any company aiming to ensure compliance and maintain a strong financial position. For insurance companies, however, it becomes doubly crucial as risk is the very basis of their value, and product, this is why solutions such as loss control could become the next big opportunity for insurers.

Inari, described as a "core technology infrastructure provider for the global insurance and reinsurance industry", has successfully secured $5.2m in a seed funding round. This was led by Caixa Capital Risc, operating through Criteria Venture Tech.

CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimisation, has completed a $24m Series C funding round.

Akur8, described as the next-generation insurance pricing solution utilising transparent machine learning, has announced a strategic collaboration with SGI CANADA, a prominent property and casualty insurance division operating in five Canadian provinces, with the shared goal of enhancing the insurance pricing process.

VakıfBank stands as Turkey’s second-largest bank concerning asset size and loans. With a robust approach, the bank provides state-of-the-art products and services for corporate, commercial, and individual banking sectors. Adhering to modern banking standards, VakıfBank is paving the way for a higher savings rate in Turkey.

The Loss Control Maturity Model has transformed the way companies think about their processes, particularly with the introduction of FinTech solutions. Risk Control Technologies has garnered insights from over 150 customers. It has found that the majority of loss control departments could have benefitted from a software platform much earlier than they realised. The primary challenge? Many didn't know where or how to initiate the journey.