Almost everyone in the insurance sector is talking about AI, yet few organisations have managed to deploy it at scale. By 2025, nearly 90 per cent of insurers are expected to implement some form of AI. That figure sounds impressive until you consider that only around seven per cent are likely to move beyond pilot programmes. The challenge is...

Israel-based automotive group Colmobil has chosen Novidea’s cloud-native insurance management platform to modernise and consolidate its vehicle insurance operations. The rollout will cover Colmobil’s insurance business and aims to simplify workflows, reduce manual tasks, and strengthen data-driven decision-making, according to Yahoo! Finance. Until now, Colmobil operated separate systems for vehicle sales and insurance activities, which limited visibility and reporting across the...

Lausanne-based LegalTech startup Ex Nunc Intelligence has closed an oversubscribed €1.8m pre-seed funding round to further develop its Silex platform and expand its legal intelligence infrastructure. The funding will be used to accelerate product development, support specialised AI agents for law, and enhance the platform’s data infrastructure, according to Beinsure. The round was led by Spicehaus Partners and included participation from...

Financial crime risk assessments are often discussed in terms of frameworks, scoring models and tooling, yet their true strength is determined by something far more fundamental: the people involved. According to Arctic Intelligence, methodologies can be standardised and technology can automate workflows, but the quality of any financial crime risk assessment ultimately reflects human judgement, engagement and organisational culture....

BirdsEyeView, a European Space Agency-backed InsurTech, has secured an undisclosed seven-figure investment to support international expansion and accelerate development of its wildfire risk modelling capabilities. The funding will be used to scale operations across new markets while strengthening the company’s machine learning-driven natural catastrophe models. The investment round was led by venture and growth equity fund 24 Haymarket, with further participation...

CrowdStrike and Seraphic Security have entered into a definitive agreement that will see CrowdStrike acquire Seraphic as it looks to extend enterprise-grade protection directly into the web browser. The acquisition is intended to address what CrowdStrike describes as a growing security blind spot, with the browser now acting as the primary execution layer for modern work, cloud applications and AI...

Plumery has launched AI Fabric, a new solution designed to help financial institutions operationalise artificial intelligence faster and more safely across their digital channels. The launch comes as banks and other financial institutions face growing pressure to move beyond AI experimentation and deliver production-ready use cases. Many organisations struggle to turn pilots into scalable deployments because their data is fragmented...

Polygon Labs, Coinme and Sequence have entered into definitive agreements as part of a strategic acquisition initiative. The acquisitions are designed to complete Polygon Labs’ core infrastructure for regulated stablecoin payments and money movement in the U.S., combining blockchain rails with licensed fiat access and enterprise wallet capabilities. The value of the deal has not been disclosed. Polygon Labs’ rationale for...

London-based InsurTech YuLife has appointed Tal Gilbert as chief executive officer as the InsurTech company enters its next phase of growth, with a renewed focus on artificial intelligence and employee benefits.  In his new position, Gilbert will be responsible for advancing YuLife’s intelligence-led platform, strengthening its AI capabilities and expanding its offerings for employers, advisers and insurers globally. As part of...

A majority of investors and financial institutions believe that the European Union’s proposed simplified ESRS could undermine the quality of sustainability information they receive from companies, according to a new study published by the EFRAG. According to ESG Today, the findings highlight growing concerns that recent efforts to streamline sustainability reporting may come at the expense of data comparability and...