Tag: Data analytics

The Loss Control Maturity Model has transformed the way companies think about their processes, particularly with the introduction of FinTech solutions. Risk Control Technologies has garnered insights from over 150 customers. It has found that the majority of loss control departments could have benefitted from a software platform much earlier than they realised. The primary challenge? Many didn't know where or how to initiate the journey.

Specialty insurance classes pose some of the most intricate pricing challenges in the insurance industry. Their rapidly evolving dynamics, coupled with their long-term nature, demand prices capable of standing the test of time. Gathering sufficient data for these specialty lines often proves difficult due to the nascent stage of many of these books and the inherent complexities in data collection.

Ennabl, an innovator in the InsurTech industry, with a data analytics platform that empowers insurance brokers and agencies, has announced a successful Series A fundraising round.

Foxquilt, a prominent North American insurance technology (InsurTech) firm, specialising in catering to small businesses and micro-enterprise markets, has made a thrilling announcement of securing $12m in a funding round.

ThoughtSpot, an innovative company leveraging Artificial Intelligence (AI) for analytics, has announced the completion of its $200m acquisition of Mode Analytics, a contemporary Business...

In a recent post by Cognitive View, the company provided complaint insights to reduce claims disputes and compliance issues. 

Red Flag Alert, a credit risk data and risk intelligence firm based in Manchester, has bagged £4.5m in funding.

If a firm is looking to hold a competitive edge, it is vital they oversee a successful client onboarding programme.

Audit teams at companies are not merely just tick-box functionaries in public sectors companies, they are often critical to the GRC process.

Managing General Agents (MGAs) are becoming increasingly instrumental in the global insurance market by targeting niche or underserved sectors. With approximately 600 MGAs in...