Tag: 2023 insurance

In an era defined by technological leaps, the insurance industry faces a pivotal juncture: with the opportunity to embrace Generative AI (GenAI) to elevate customer experiences at the forefront of that. FinTech Global had the privilege to speak with Deepti Kalra, vice president & head of AI Products & Solutions - Insurance Analytics at EXL, delving into the crucial facets of GenAI and its transformative potential within insurance. 

Markel, an insurance operation within Markel Group Inc., has introduced a Specialty practice within its International Wholesale division.

The digital transformation of the insurance industry has been underway for many years. Carriers have drastically improved their efficiency, speed and accuracy through the implementation of new technologies. Now the sector may be looking towards data analytics to make the latest leap in the space. 

In the late 17th century, Edward Lloyd set up his famous coffee house in London's Tower Street, laying the groundwork for modern insurance. Fast forward almost 350 years and insurance, now a $6tn industry, has evolved drastically. However, specialty insurers today grapple with unprecedented challenges. This article will delve into these emerging issues and technological advancements driving industry transformation.

Augment, a newly launched reinsurance broker, has recently made waves with an inaugural investment of $100m.