Tag: Insurance

The surge of generative AI tools has brought a new frontier of risk for financial institutions, insurers, lenders and other sectors reliant on document...

A new survey from Smarsh has found that while AI tools are rapidly being adopted in UK financial services, many employees remain concerned about oversight and compliance.

The insurance sector is at an important crossroads. It is currently in a period of increased competition and market pressure, meaning existing growth and profitability strategies are under strain. They need to find a way to cope with this market pressure but not stifle their future growth.

Acrisure, a global FinTech company delivering tech-powered financial services to businesses and individuals, has raised $2.1bn through a new issuance of convertible senior preferred stock.

As insurers face growing pressure to meet rising customer expectations, the rush to adopt generative AI (GenAI) tools is putting accuracy at risk, according to M-Files.

AI expert agents are emerging as powerful tools in the insurance industry, reshaping the underwriting process by mimicking human decision-making. As artificial intelligence continues to evolve, these agents stand out from traditional AI models by reasoning through complex situations and taking action in a way that mirrors how underwriters work in real life.

SiriusPoint has unveiled a new strategic partnership with Holmes Murphy, one of the largest independent insurance brokerages in the US. The partnership sees SiriusPoint working...

Edenred Payment Solutions, a UK-based e-money institution, has launched a new Virtual Card Number product designed to help insurance companies speed up claims payments. Insurance...

In the ever-evolving landscape of financial regulation, staying compliant while efficiently managing risks presents significant challenges. According to Opoint, the burgeoning sector of regulatory...

A landmark study by the University of Groningen has demonstrated the tangible financial benefits of digital health engagement, revealing that insurers can cut healthcare...