Artificial Intelligence (AI) is revolutionising the insurance sector by enhancing underwriting, claims processing, customer service, and product development. The technology has already shown its value in automating manual tasks, improving risk assessments, detecting fraud, personalising customer interactions, and enabling predictive pricing.

Chaiz, an Austin-based marketplace for extended car warranties, has raised $3.7m in seed funding, as it looks to expand its coverage options.

The FCA has recently completed its review on how PEPs, including Members of Parliament, public servants, and their relatives and close associates (RCAs), are handled by financial services.

Whitespace, the fully digital e-trading platform and a Verisk business, has launched new library and contract builder capabilities.

Aon, a global professional services firm, and Columbia University, an Ivy League research university based in New York, have renewed their partnership until 2027 to enhance research on the correlation of climate risk between various perils and regions.

AU10TIX, a leading global technology company in identity verification and management, announced today the release of its sophisticated anti-money laundering (AML) solution.

Protect AI, a trailblazer in AI and ML security, today announced the closure of its Series B funding round, amassing $60m.

ThinCats, a leading player in the FinTech sector, has just secured £75m in a mezzanine funding injection from CPP Investments.

Graceview, a pioneering legal generative AI company, recently announced the successful closure of a $1.5m funding round.

Abnormal Security, the forefront in AI-native human behavior security, has successfully closed its Series D funding round on $250m, which has propelled the company's valuation to an impressive $5.1bn.