Canopius, a global specialty and P&C re/insurer, has formed a strategic partnership with Globex Underwriting Services to strengthen the placement of local marine insurance policies worldwide. The collaboration enables Canopius to extend admitted local marine coverage across more than 200 countries and territories, according to InsurTech Insights. By leveraging Globex’s global network and digital infrastructure, the insurer aims to streamline...

A water leak is rarely “just a leak”. It is one of the fastest ways to turn an ordinary week into emergency call-outs, disrupted occupants, damaged finishes and months of reinstatement work. The irony is that the water itself is usually the smallest line item on the balance sheet. The real expense begins once it escapes into the fabric of...

Ecuador has contracted its first parametric agricultural insurance policies, providing protection against extreme rainfall and drought for up to 10,000 people in smallholder rice and maize farming households. The placement marks a milestone for the Tripartite Agreement Programme, a public-private partnership between the Insurance Development Forum, United Nations Development Programme and the German Federal Ministry for Economic Cooperation and Development...

The battle against financial crime is often seen as a regulatory obligation or a test of technical capability. In reality, it is far more complex than this. Effective compliance is ultimately a response to human behaviour, personal vulnerabilities and the gaps that exist across financial systems. According to ComplyAdvantage, treating financial crime purely as a compliance checklist risks overlooking the...

Digital sovereignty has rapidly evolved from a regulatory talking point into a boardroom priority. In its latest whitepaper, Digital Sovereignty: A Technical Framework – Balancing security, control and business priorities in an increasingly complex digital landscape, esynergy argues that many UK organisations are pursuing the wrong strategy. Rather than equating sovereignty with data localisation, the firm contends that control, governance,...

UiPath and WorkFusion have entered into an acquisition agreement that expands UiPath’s industry-focused automation capabilities within financial services and banking. The acquisition is designed to strengthen UiPath’s portfolio of agentic AI-powered solutions tailored to the financial services sector, particularly in the area of financial crime compliance. By integrating WorkFusion’s pre-built AI agents, UiPath aims to enhance automation across anti-money laundering...

Wealth management is approaching a structural inflection point as artificial intelligence shifts from isolated experimentation to becoming embedded in decision-critical workflows. Across advisory businesses, AI is no longer confined to innovation labs or proof-of-concept pilots. Instead, it is influencing advice quality, strengthening risk governance, enabling operational scale and reshaping how institutions build and maintain client trust. IntellectAI, which offers AI-powered tools...

Jacksonville-based FinTech firm FIS has launched the Insurance Risk Suite AI Assistant, a generative AI tool designed to provide actuaries with instant guidance on building and maintaining risk models. The solution aims to reduce the time actuaries spend navigating complex technical documentation by delivering immediate answers to detailed modelling queries in any language, 24/7. By embedding AI directly into its...

WTW, a global advisory, broking and solutions company, has appointed George Lewkowicz as global proposition leader for P&C capital modelling within its insurance consulting and technology division. Based in London, Lewkowicz will now oversee WTW’s global P&C capital modelling and reinsurance pricing propositions, according to FF News. His remit includes driving innovation, supporting business development and delivering tailored solutions to...

Fraud alert reviews just got a whole lot faster and easier for financial institutions. Banks and other financial institutions are facing an unprecedented wave of AI-enabled fraud in 2026. According to Workfusion, from account takeovers and cheque fraud to identity theft and crypto-related scams, fraudsters are increasingly using advanced tools to exploit gaps in detection processes. In response, firms are recognising...