Tag: Underwriting

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.

Qlarifi, a FinTech start-up focused on improving credit reporting for Buy Now, Pay Later (BNPL) transactions, has successfully closed its pre-seed funding round.

Nirvana Insurance, an AI-driven commercial trucking insurer, has secured an $80m Series C funding round, bringing its valuation close to $850m.

Fusion Specialty, a global underwriting agency (managing general agent), has partnered with Insly, an insurance software provider, to modernise its operations and enhance efficiency. The...

Simplifai, a leader in AI-driven automation, has launched Agentic AI designed to optimise critical processes such as claims handling, underwriting, and customer service. The Norwegian...

A recent report by Capgemini highlights that 62% of insurance executives acknowledge AI and machine learning as crucial for enhancing underwriting quality and reducing...

Descartes Underwriting has launched a new parametric insurance product to protect US-based utility-scale solar farms from tornado damage, offering up to $70m in coverage. The...

SBLI, The Savings Bank Mutual Life Insurance Company of Massachusetts, is set to transform life underwriting by leveraging Swiss Re’s Underwriting Ease solution through...

Insly, a low-code software provider for the insurance sector, has revealed it has joined the Underwriting Agencies Council (UAC). The decision to join the UAC...

Optalitix, a provider of advanced insurance underwriting software, has announced a strategic partnership with PwC to provide innovative underwriting solutions to insurers operating at...