Tag: insurtech

Actuaries, often dubbed as mathematical risk managers, play a pivotal role in the insurance industry. Their expertise in quantifying and managing risk is essential for insurers in a market where financial responsibility for potential negative outcomes is traded. However, determining the cost of this responsibility isn't a straightforward task; it involves estimating expected losses akin to manufacturing costs for tangible goods. Yet, setting a price demands more than just knowing costs; it requires calibrating profit margins to market realities and consumer behaviours. InsurTech Quantee delves into the intricate process, known as price optimisation.

Ushur, a leading provider of Customer Experience Automation solutions, continues to innovate with its latest major release, which includes the introduction of a key feature aimed at empowering citizen developers.

Verisk, a leading global data analytics and technology provider, has introduced an automated generative artificial intelligence (Generative AI) record summary capability.

MediConCen Limited, an InsurTech company specialising in automating insurance claims using AI, has raised $6.85m in a Series A funding round. 

Ignite Specialty Risk, a provider of litigation risk insurance, has launched its Litigation Capital Protection Insurance offering in the US.

Boost Insurance, a prominent insurance infrastructure platform, has recently made headlines by securing over $130 million in new reinsurance capacity.

Corvus Insurance, a leading cyber underwriter driven by a proprietary AI-driven cyber risk platform, has introduced a newly expanded Tech E+O product which aims to meet the evolving needs of the market.

Marsh, a prominent player in the insurance industry, has appointed Lorraine Stack as the new Risk Management Leader for Europe, effective immediately.

Shepherd has recently concluded a successful $13.5m Series A funding round and concurrently launched an innovative AI-powered offering known as Shepherd Compliance.

Spotr, a Dutch AI-powered property data platform, has recently garnered €4.5m in funding to bolster its mission of constructing the world's most reliable and expansive image-driven property database.