Data/Intelligence

Cytora, a leading InsurTech company, has been engaged by Chubb, a global insurance leader, to automate claims document processing.

Amidst the growing call to enhance the customer experience, many believe the time is now to incorporate artificial intelligence (AI) across the entire customer lifecycle. However, while this technological advancement holds immense promise, concerns have emerged regarding the potential detachment from human interaction, which some consumers may find disconcerting. Several industry experts weighed in on the debate as part of the Professional InsurTech Certificate course.

Cloud-native insurance platform Novidea has named Yaniv Cohen as its new chief customer officer.

Quantee, the next-gen pricing platform, has announced a partnership with Sapiens International Corporation that is designed to provide insurers with end-to-end pricing capabilities.

Skyward Specialty Insurance Group, property & casualty (P&C) insurer has partnered with Gradient AI, to power its Accident and Health (A&H) division.

Coalition has struck a new multi-year capacity agreement with Aspen, to deploy cyber insurance capacity in the USA. 

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

Actuaries, often dubbed as mathematical risk managers, play a pivotal role in the insurance industry. Their expertise in quantifying and managing risk is essential for insurers in a market where financial responsibility for potential negative outcomes is traded. However, determining the cost of this responsibility isn't a straightforward task; it involves estimating expected losses akin to manufacturing costs for tangible goods. Yet, setting a price demands more than just knowing costs; it requires calibrating profit margins to market realities and consumer behaviours. InsurTech Quantee delves into the intricate process, known as price optimisation.

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

Digital innovation is reshaping the risk landscape for insurers, revolutionising the way they assess, manage, and mitigate risks. Through the advent of advanced data analytics, artificial intelligence, and automation technologies, insurers are gaining unprecedented insights into risk factors, enabling them to make more informed decisions and respond swiftly to emerging threats.