Akur8, renowned for its next-generation InsurTech pricing and reserving solutions, has teamed up with Utica First, a leader in small business and personal lines insurance. This collaboration is set to revolutionize Utica First’s pricing models through the implementation of Akur8’s Core Platform Solution. Akur8 specializes in enhancing insurance pricing practices with its proprietary machine-learning technology,...Read More
The 2024 U.S. presidential election, one of the most closely watched and contentious in recent history, has culminated in Donald Trump’s re-election as the 47th president. With the nation sharply divided over key issues—from economic policies and immigration to the future of democracy—this election has underscored the deepening polarisation in the U.S. political landscape. As...Read More
Earnix, the leading AI-driven platform for intelligent decisioning SaaS solutions in the insurance and financial services sectors, has announced the appointment of Jessica Buss to its Board of Directors effective October 1st. This strategic addition is aimed at enhancing Earnix’s growth and operational strategies, with Buss tasked with prioritising profitability and growth. Robin Gilthorpe, CEO...Read More
Akur8, the next-generation insurance pricing and reserving platform, has been selected by RSM to enhance its insurance pricing process. The partnership is aimed at enabling RSM to enhance its actuarial services by leveraging Akur8’s advanced pricing modules: Risk, Demand, and Rate. These tools are designed to improve accuracy, speed, and transparency in insurance pricing, a critical need...Read More
Specialist research firm FinTech Global has released its seventh annual InsurTech100 list, outlining some of the industry’s leading incumbents. This year’s list recognises firms that are not only addressing the industry’s most pressing challenges but are also reshaping how insurers operate and engage with their customers through cutting-edge technology. The FinTech market as a whole is...Read More
Lockton, the world’s largest privately-owned insurance brokerage, has announced the launch of Lockton Pulse, a groundbreaking digital insurance offering designed for SMEs and individuals across Australia. The moves comes in response to the growing need for faster, more convenient insurance services tailored to small businesses and individuals. As traditional insurance systems struggle with outdated processes,...Read More
US-based InsurTech managing general agent, Ledgebrook, has secured $17m in a Series B funding round. The round was led by Duquesne Family Office, with participation from The Stephens Group, and continued support from long-time partners Brand Foundry Ventures and American Family Ventures, according to Life Insurance International. Founded in 2022, Ledgebrook focuses on providing technology-driven solutions for...Read More
Starwind Specialty Insurance Services, a subsidiary of TIH, has partnered with Stone Point Credit to launch Fractal Re, a newly formed collateralised reinsurer. The partnership aims to enhance Starwind’s reinsurance capacity across its diversified casualty programs by leveraging third-party capital. Fractal Re will enable Starwind to better serve its customers and distribution partners by expanding...Read More
Verisk has announced the U.S. launch of Whitespace, an all-in-one platform designed to transform operations for brokers, underwriters, and managing general agents (MGAs) in the global (re)insurance market. The move comes in response to the growing need for efficiency and digital transformation in the excess and surplus (E&S) and specialty insurance sectors. The platform aims...Read More
Rising delinquencies across all consumer lending lines have become a significant concern, as highlighted by the Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion. This uptick in defaults, alongside intensifying competition, shrinking profit margins, and increasing financial pressures, is pushing lenders to reassess their pricing and credit risk strategies. In response, many lenders are...Read More
