Tag: AI in Insurance

Sapiens enters new phase following Advent takeover

Sapiens International Corporation has announced a series of senior leadership appointments as it begins a new phase as a privately held InsurTech company following...

Cytora embeds open-source intelligence to reduce claims leakage

Cytora has entered a new partnership with Pilotbird as it looks to strengthen fraud detection and claims accuracy for commercial and property and casualty insurers.

Canadian FinTech investments halved QoQ in Q3 as investors prioritised smaller...

Key Canadian FinTech investment stats in Q3 2025: Canadian FinTech investments halved QoQ in Q3 Average deal value dropped by 46% to $9.5m as...

TransRe taps Cytora AI to boost underwriting speed

TransRe has partnered with digital risk processing platform Cytora to digitise its facultative reinsurance operations worldwide.

Qumis powers legal-grade AI for NFP insurance teams

Qumis, a generative AI platform built by insurance lawyers, has been adopted by NFP to modernise its property and casualty operations. The partnership helps NFP...

Cytora unveils AI-driven automation for risk workflows

Cytora has introduced Unified Risk Reasoning, an AI-powered tool designed to fully automate risk data workflows for insurers. This new release enhances Cytora’s digital risk...

LatAm FinTech investments increased by 13% QoQ in Q2 as investors’...

Key LatAm FinTech investment stats in Q2 2025: LatAm FinTech funding increased by 13% QoQ in Q2 2025 Average deal value increased to $15.9m...

AI transforms AML compliance in insurance

In today’s evolving financial crime landscape, the insurance sector is facing increasing scrutiny. Long considered a low-risk area, both life and non-life insurance products are now being exploited for money laundering, sanctions evasion, and fraud.

AI-powered cyber underwriting expands with Markel, Cyberwrite

Cyberwrite has expanded its partnership with Markel Insurance to enhance underwriting and cyber risk modelling across Europe using AI-driven analytics. Markel Europe has been using...

Nearmap acquires itel to create all-in-one property intelligence platform for insurers

Nearmap has revealed its plans to acquire itel, a move that will bring together two respected names in the property intelligence and insurance claims ecosystem.

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