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
In the competitive landscape of insurance underwriting, the integration of risk data is emerging as a secret weapon to enhance the performance of your underwriting team. One way this can be exploited is through the use of loss control, a risk management method aimed at decreasing the likelihood of losses occurring and minimising the impact...Read More
Insurtech UK has published its Roadmap of recommendations for policy-makers to retain and strengthen the UK’s leading global status in insurance innovation. The plan, which was released at the end of June, outlines how the next government can create a supportive environment for UK InsurTech to flourish, according to FF News. Key recommendations include establishing a regulatory...Read More
Insurance is an industry where every pathway converges towards the customer. When developing policy offerings, it’s crucial to consider the client, including features such as online quote generation and purchasing options for auto and homeowners insurance. The convenience of obtaining these policies online has become essential for satisfying customers and capturing market share. Global IT...Read More
Imagine a world where insurance isn’t bogged down by endless paperwork, long processing times, and one-size-fits-all policies. Instead, envision a landscape where every interaction is tailored to fit your unique needs, claims are processed swiftly and accurately, and customer service is available around the clock. Welcome to the transformative era of generative AI in insurance. ...Read More
