Data/Intelligence

Akur8, the next-generation insurance pricing solution powered by Transparent AI, has been selected by Swedbank, to enhance its insurance pricing process. 

As insurance firms continue to look towards the future, trust seems to be the key to unlock the full potential of companies. 

Concirrus, a prominent provider of AI-powered marine insurance intelligence, has launched an updated hull market model.

In the not-so-distant past, navigating through the bustle of public transport meant holding onto a paper ticket. However, the concept has swiftly become a relic of a bygone era. The transition from traditional paper tickets to e-tickets has resulted in more convenience and efficiency. Apart from reducing the environmental impact, this shift has streamlined the ticketing process, offering passengers instant access through their smartphones or other digital devices, as Scanbot SDK explains.

In the rapidly evolving world of insurance and InsurTech, the term "big data" is gaining significant traction. With implications for risk assessments, policy pricing and customer interactions, insurance industry professionals explore how it is driving innovation.

Aviva, a leading insurance provider, and RiskEye, a digital risk management specialist, have joined forces to enhance Aviva's cyber insurance offering.

Smart Communications, which helps companies engage in meaningful customer conversations, has named Anthony Bennett as its new chief information officer.

The digital transformation of the insurance industry has been underway for many years. Carriers have drastically improved their efficiency, speed and accuracy through the implementation of new technologies. Now the sector may be looking towards data analytics to make the latest leap in the space. 

Many insurance companies offer their customers the convenience of scanning and submitting claims-related documents through dedicated mobile apps. While this approach works well for many, not all users want to download additional applications. Fortunately, there's an alternative solution that combines efficiency and user-friendliness – implementing a Web SDK for document scanning directly through browsers.

In an era where innovation is reigning supreme, the insurance industry has found itself on the precipice of transformative change. Long accustomed to traditional models of risk assessment and policy pricing, insurers are now embracing the disruptive potential of Internet of Things (IoT) and telematics technologies. These cutting-edge tools offer unprecedented insights into policyholders' behaviour and assets, revolutionising the way insurers evaluate risk and tailor coverage.