Sprout.ai, an intelligent claims automation platform for the insurance industry, has appointed Ian Thompson, former Group Chief Claims Officer at Zurich, as the first member of its newly created growth advisory board. This role is effective immediately and signals Sprout.ai’s ambitions to enhance its strategic direction and innovation within the InsurTech space. Thompson brings over 30 years of experience in the...

Napier AI and ThreatMark, a fraud prevention-focused firm, have recently entered into a strategic partnership.

Omnea has announced a significant milestone in its journey, securing a substantial $20m in a Series A funding round.

ESG Book, the world's leading provider of sustainability-related data for public and private companies, has joined forces with Zfolio.

Gradient AI, a prominent enterprise software provider, has partnered with Michigan Planners, a full-service insurance agency, to provide more accurate risk assessments and better-customised health plans. Previously, Michigan Planners faced limitations in data and staff bandwidth, which hindered its ability to fully assess risk for employer groups. By incorporating Gradient AI’s SAIL™ underwriting solution, Michigan Planners can now offer deeper insights...

hyperexponential, a global pricing platform provider for re/insurers, has introduced its first templated reinsurance pricing model, designed for treaty reinsurance, including Excess of Loss (XoL) agreements. Introducing this solution, the company aims to address inefficiencies in pricing processes, offering a more streamlined approach for reinsurers globally, according to InsurTech Insights. The newly launched templated reinsurance pricing model allows reinsurers to build...

Volt Underwriting has officially launched as an approved coverholder, backed by Dale Underwriting Partners’ Lloyd’s Syndicate 1729, with support from MGA Accelerator DA Strategy. The launch comes in response to the growing demand for insurance solutions within the energy transition sector. As global efforts to shift to renewable energy intensify, companies in this space require tailored coverage to address the unique...

Deutsche Bank, a leading global financial services provider, has announced the launch of dbX, its next-generation integrated correspondent banking ecosystem. The platform was developed to empower financial institution (FI) clients by providing them with enhanced functionalities, according to FF News. These upgrades aim to leverage Deutsche Bank’s vast industry knowledge, investment capabilities, and extensive global network to support clients’ operational efficiency...

Revolut, a global FinTech company known for its versatile digital banking services, has launched a new point-of-sale (POS) terminal device aimed at larger businesses across the UK and Ireland. The rollout is designed to support these businesses as they prepare for the upcoming Black Friday and the busy festive shopping season, according to Finextra. The launch comes as Revolut looks to...

From traditional methods to advanced AI technologies, anti-money laundering (AML) compliance has experienced significant transformation.