Tag: Insurance

World Nomads, the global travel insurance provider, has announced the launch of its new Annual Multi-Trip (AMT) product in the UK & Ireland.

Sidecar Health, a transformative health insurance company providing major medical coverage to businesses, announced today the closure of $165m in Series D financing.

Lumera, a leading InsurTech company dedicated to the digital transformation of the European life and pensions industry, has entered into an agreement to acquire ITM, as part of its international growth strategy.

Novidea, the creator of the cloud-based, data-driven enterprise insurance management platform, has announced the strategic acquisition of Docomotion, an automated document generation technology provider.

Uk-based firm MPowered Mortgages has reported that its AI-powered chatbot now solves 60% of broker enquiries.

For medium-to-large businesses, developing new applications can come with a swathe of new challenges. One key issue revolves around creating workflows for dozens of business applications - and the difficulties that can involve for firms without serious coding expertise. When a leading US insurance business faced this issue, Symfa stepped in to build a micro low-code platform to help insurance business users change business logic fast and easily.

Allica Bank, a UK-based bank specialising in supporting established SMEs, has entered into a partnership with Westcor Internationa to launch their Perfect Title insurance product across its commercial mortgage range starting from 1st July 2024.

Bondaval, a leading London-based InsurTech, has announced the release of its first trade credit insurance product.

Imagine an insurance industry where decisions are made with the speed and precision of a machine, yet imbued with the empathy and discernment of a human. This is not a futuristic dream but a present-day reality being shaped by the integration of AI in insurance underwriting. As AI takes on more significant roles, automating data-intensive tasks and improving risk assessment accuracy, the indispensable value of human expertise becomes even clearer. AI automation specialists Simplifai lifts the lid on the synergy between AI and human expertise in insurance.

Insurance is an industry where every pathway converges towards the customer. When developing policy offerings, it’s crucial to consider the client, including features such as online quote generation and purchasing options for auto and homeowners insurance. The convenience of obtaining these policies online has become essential for satisfying customers and capturing market share. Global IT business products provider Comarch dives into how you can satisfy your digital insurance clients.