Markel, a global specialty insurer, has launched a cutting-edge cyber insurance policy designed to cater to FinTech firms. The offering, known as FintechRisk+, was developed to address the rapidly changing risks faced by FinTech companies, particularly in the areas of cyber threats and ransomware attacks. As these threats evolve, businesses require not only financial protection...Read More
As the insurance industry rapidly modernises, actuaries are becoming integral in shaping and executing strategic growth plans. With a focus on enhancing risk management, leveraging advanced technologies like AI, and optimising decision-making processes, actuaries are driving innovation across the landscape. Their expertise is crucial in adapting to industry changes and achieving long-term business objectives, underscoring...Read More
In today’s rapidly changing insurance sector, the focus on managing the human side of risk has never been more important. Insurance now extends beyond policies and claims—it is about fostering a culture of safety, building long-term trust, and enhancing collaboration between insurers and their clients. A well-structured service plan that tackles these human elements can...Read More
Chubb, a leading global insurance provider, has launched a new product to cater to high-net-worth individuals in Switzerland. The company, known for offering bespoke and comprehensive insurance solutions, continues to expand its range of services with this latest addition, according to InsurTech Insights. The introduction of the new Chubb Masterpiece Signature insurance comes as part of...Read More
Simplifai has partnered with Stillwater Insurance to automate its claims process, aiming to enhance customer service and operational efficiency. This collaboration marks Simplifai’s first U.S. customer, representing a significant milestone for the AI-driven automation provider. Through the collaboration, Simplifai’s Claims Intake Solution will enable Stillwater to streamline the handling of claims-related emails and attachments, reducing the...Read More
As we step into the second half of 2024, the InsurTech landscape is poised for significant advancement. Emerging technologies such as AI, machine learning, and large language models are set to revolutionise risk assessment, underwriting, and customer experiences. Meanwhile, there is a growing emphasis on ESG considerations bubbling up under the surface. InsurTech Analyst‘s Harry...Read More
Carbon Underwriting Limited, a specialist and independent managing general underwriter, announces the launch of its second syndicate, Syndicate 5757, following approval from Lloyd’s. The firm, known for its expertise as a managing general underwriter and operating Lloyd’s syndicate CBN 4747, is thrilled to share that it has received in-principle approval from Lloyd’s for the establishment of...Read More
The insurance sector is a dynamic market that continuously evolves due to technology, policyholder demands, and legislation. To stay competitive and provide optimal service, insurers must adapt to these changes. Comarch, a global IT business products provider, explores several trends shaping the insurance claims landscape. Digital transformation is far from over in the insurance industry. Insurers...Read More
Akur8, a next-generation insurance pricing solution, has announced that Millennial Specialty Insurance (MSI) will leverage its innovative offering to streamline the decision-making processes within its pricing team. This collaboration will see MSI adopt Akur8’s unique Risk and Rate modelling solution to enhance its pricing capabilities, and deliver more competitive rates to its clients. Akur8’s innovative approach, which...Read More
Global reinsurer MAPFRE RE, known for its robust presence in the insurance and reinsurance industry, has announced the appointment of Alberto Estévez Allegue as chief representative officer of its representative office in Tokyo, Japan. The move, which will become effective 1 July 2024, comes as the firm looks to strengthen its position in the APAC market,...Read More
