Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, has expanded its capacity to underwrite companies with annual revenues of up to $1bn. This expansion is made possible through a collaboration with Chaucer Group, a global specialty (re)insurance leader, aiming to strengthen cyber resilience for American middle-market businesses. The...Read More

Akur8, a next-generation insurance pricing and reserving solution, has been selected by leading Spanish insurer Seguros Lagun Aro to streamline its insurance pricing process. Leveraging Akur8’s state-of-the-art technology, the collaboration is set to focus on boosting the Bilbao-based firm’s property and casualty (P&C) offerings. With Akur8’s solution, Seguros Lagun Aro will benefit from faster, more precise pricing...Read More

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