Tag: insurance sector

The UK’s financial watchdog has quietly adjusted how firms monitor regulatory expectations, introducing a new framework designed to provide clearer guidance across key sectors....

Communications governance is moving sharply up the agenda for insurers as regulators tighten expectations around data completeness and retrieval. Supervisors increasingly expect firms to...

Leading figures from the insurance and cyber security sectors have issued a unified call for insurers to enhance cyber resilience in response to a rapidly evolving threat landscape.

359 senior insurance professionals were surveyed, managing over $13tn in assets on their balance sheets Only 20% of respondents haven’t considered AI, whereas...

MENA InsureLab, an InsurTech accelerator and venture builder, has secured strategic backing from TIC Technology Innovation Capital, a US-based venture capital firm.

Embed Security, a cyber firm specialising in AI-driven threat analysis, has successfully raised $6m in early-stage funding.

The buzz around Generative Artificial Intelligence (AI) in the insurance sector is undeniable. Each keynote, panel, and networking break at business conferences seem to orbit the potential of AI to revolutionise the industry by generating content, streamlining processes, and enhancing efficiency. Yet, this growing excitement begs a critical question: Is Generative AI truly the breakthrough the insurance sector needs?

Descartes Labs, a trailblazer in geospatial analytics and artificial intelligence (AI), has announced its acquisition of Geosite, a renowned SaaS provider known for delivering cutting-edge geospatial intelligence solutions to property and casualty insurance companies.

Xceedance, a global leader in insurance sector support, technology, and data services, has unveiled its latest innovation, the MGA Agility Suite.

The European Supervisory Authorities (EBA, EIOPA, and ESMA – the ESAs) have released a comprehensive report, shedding light on the direct provision of financial services by BigTech companies in the EU.