A recent survey by ZestyAI has revealed that 73% of insurers believe AI models are key to managing climate-related losses, as the insurance industry grapples with mounting losses from extreme weather. The study, which surveyed 200 senior executives in Property & Casualty insurance, found that one in four respondents now use artificial intelligence (AI) models to assess the risk of...

Marsh, the world’s largest insurance broker and risk advisor, and part of Marsh McLennan, has announced two significant leadership appointments. Alistair Fraser will step into the newly created role of international corporate & commercial leader, effective 1 January 2025, while Alistair Brighton will succeed Fraser as CEO, corporate & commercial UK. Marsh provides comprehensive insurance and risk advisory services to clients...

Parametrix, a leader in cyber insurance solutions, has launched an innovative insurance product designed to protect enterprise clients from the costs associated with digital disruptions. The launch of Parametrix Enterprise Solutions addresses the increasing need for businesses to safeguard their operations in the face of growing digital dependency and potential disruptions, according to InsurTech Insights. As businesses expand their reliance on...

A recent study conducted by Tunic Pay in collaboration with Opinium, reveals that the UK's current banking measures to combat fraud are falling short of effectiveness.

Everest Reinsurance, the reinsurance division of Everest Group, Ltd., has announced the appointment of Emily Davis as head of its global specialties business. This division, which encompasses aviation, marine, cyber, engineering, and parametric solutions, will benefit from Davis’ expertise as she steps into her new role reporting to Everest Reinsurance executive vice president and chief operating officer, Jill Beggs. She brings...

Key UK FinTech investment stats in Q3 2024: UK FinTech investments dropped by 15% YoY Deals under $100m halved as investors focus on smaller deals Novatus Global Limited, an award-winning regulatory technology provider for the global financial sector, made itself known to the UK FinTech market with a Series A funding round of $40m In the third quarter of 2024,...

Embed Security, a cyber firm specialising in AI-driven threat analysis, has successfully raised $6m in early-stage funding.

SageSure, a leading managing general underwriter (MGU), has announced a new partnership with Auros Reciprocal Insurance Exchange to offer improved homeowners’ insurance solutions in the states of Louisiana and Mississippi. The move is aimed at addressing high demand and limited availability in these regions. The goal is to expand SageSure's product offerings for both producers and policyholders across the Gulf and...

NatureFinance has launched NatureAlign, a tool aimed at enhancing financial institutions' alignment with nature-positive outcomes, specifically through the Biodiversity Plan framework. According to ESG Today, founded in 2019 as The Finance for Biodiversity Initiative, NatureFinance's mission is to integrate biodiversity considerations more deeply into financial decision-making processes. This aligns global finance more closely with nature conservation and restoration efforts. NatureFinance...

Optera, an innovator in ESG and carbon management software, has introduced a new iteration of its Supply Chain Manager.