IIR

Chubb Strengthens Leadership to Advance Digital Strategy in Financial Lines

Four promotions within North America Financial Lines will elevate the company’s underwriting and service excellence and enhance the digital experience for customers and brokers.

Posted: Dec 28, 2022

Benekiva, MRS Partnership Adds Underwriting Automation to Claims Disbursement Process

The vendors’ collaboration enables carriers to offer new insurance and financial services products to claimants during the claim disbursement process.

Posted: Dec 22, 2022

illumifin Names Peter Goldstein President and CEO

The former CEO of LTCG brings nearly 30 years of experience to the third-party insurance administration and technology provider.

Posted: Dec 21, 2022

Singlife with Aviva Launches Accelerator for InsurTech Startups

The program will initially support up to eight early stage InsurTech startups, with plans to evolve its operating model in the future to support startups with more complex needs.

Posted: Dec 21, 2022

Betterview Donates CAT-RS Technology to Insurers Affected by Hurricane Ian

Over 30 insurers used the recently developed application to allocate CAT response resources, proactively alert customers, and understand losses faster and with greater granularity.

Posted: Dec 21, 2022

Previsico and Geosite Partner on Flood Impact Prediction and Prevention

Previsico’s solution provides Geosite’s U.S. carrier clients with live actionable flood alerts, so they can work with their customers ahead of a NAT-CAT event to mitigate flood losses.

Posted: Dec 20, 2022

6 Predictions Insurers Should Be Prepared for in 2023

From wearables to cloud-first approaches, here are six predictions that are expected to fuel the next stage in insurers’ digital evolution.

Posted: Dec 20, 2022

Verisk Announces Acquisition of Swedish InsurTech Mavera

The addition of the Nordics personal injury player supports Verisk’s expansion in Continental Europe and its growth as a technology and analytics partner to the global insurance industry.

Posted: Dec 20, 2022

Yaffa Cohen-Ifrah Joins Sapiens Leadership Team

Cohen-Ifrah rejoins Sapiens as Chief Marketing Officer and Head of Investor Relations.

Posted: Dec 19, 2022

Closing the Claims Talent Gap Through Digital Transformation

Advanced technologies, like AI, ML and IoT, can support understaffed insurance companies, helping them compete in today’s market.

Posted: Dec 19, 2022

Arbol’s Parametric Catastrophe Reinsurance Solution Delivers Payout for Hurricane Ian Damages

The $10M payout was executed on October 21, just three weeks after Hurricane Ian departed the U.S. in one of the first payouts for loss or damage attributed to Hurricane Ian.

Posted: Dec 19, 2022

CyberCube Raises $50M in Growth Capital Financing

The new funding will fuel the commercial development of CyberCube’s cutting-edge products and solutions to quantify cyber risk while accelerating go-to-market expansion.

Posted: Dec 18, 2022

EigenRisk Adds Teren Wildfire Model to CAT Risk Management Platform

Teren’s model provides a resource for risk managers and property insurance underwriters designed to depict relative potential for wildfire occurrence at a high resolution.

Posted: Dec 18, 2022

Insurity Partners with Dream Payments to Enable Digital Claims Payments

The collaboration with Dream Payments and J.P. Morgan Payments, Insurity enables P&C insurers leveraging Sure Claims Payments to reduce operational costs, increase policyholder satisfaction, and easily stay secure and compliant.

Posted: Dec 15, 2022

ALE Solutions Joins Guidewire PartnerConnect

ALE’s Ready for Guidewire integration will enable streamlined data transfer between ALE and Guidewire ClaimCenter users, saving time and increasing efficiency.

Posted: Dec 15, 2022

Near Space Labs Speeds Accurate Property Imaging from the Stratosphere

The startup flies autonomous craft in the stratosphere to deliver much more high-resolution image data in hours rather than days or weeks.

Posted: Dec 15, 2022

4 AI Predictions for the Insurance Industry in 2023

2023 will be the year that AI gains significant momentum in the insurance industry due to maturing technology advancements, the rising popularity, and familiarity of AI, as well as the greater availability of vast amounts of quality data.

Posted: Dec 15, 2022

Mitsui Sumitomo Engages Wikifri to Deploy Ceded Reinsurance Platform

Wikifri provided a team of reinsurance subject-matter-experts to manage the program and provide business analyst support and data conversion expertise.

Posted: Dec 14, 2022

SMA Technologies Promotes Ryan Dimick to CTO

A 10-year SMA and financial services IT veteran, Dimick is charges with accelerating the company’s technological innovation in next growth stage.

Posted: Dec 14, 2022

Coterie Adopts Carpe Data’s Minerva to Leverage Business Classification Insights

The Minerva platform will help Coterie identify critical risk in underwriting for small commercial businesses.

Posted: Dec 14, 2022

Oyster Raises $3.6M to Launch Point-of-Sale Platform for Personal Insurance

Through a consumer- and merchant-friendly model, Oyster seeks to modernize personal insurance through seamless embedded experiences for consumers at the point-of-sale.

Posted: Dec 13, 2022

Sapiens Enters Finnish Market with LocalTapiola Life

Finland’s second largest insurer will consolidate eight systems into a new single platform using Sapiens’ CoreSuite, Business Intelligence, Cloud Services and Cloud Hosting.

Posted: Dec 13, 2022

CCC Scales Crash Data Availability by Adding Zendrive to Network

Zendrive Joins the CCC Network, offering insurers instant mobile crash detection data designed to speed and improve claims resolution beginning at FNOL .

Posted: Dec 12, 2022

Descartes Underwriting Launches Full Stack Insurance Company

The Paris-based climate-risk focused MGA says the new entity will be able to provide cover and fresh capacity to a wider range of clients.

Posted: Dec 12, 2022

Ohio Bureau of Workers’ Compensation Goes Live on Sapiens CoreSuite

One of the nation’s largest workers’ comp carriers in North America, has adopted the latest release of the vendor’s CoreSuite for Workers’ Compensation.

Posted: Dec 11, 2022