IIR

Unprofitable Insurance—Tail Effect Hits Auto Lines

Carriers must balance profitability with growth and market share capture strategies, but thus far, there are no signs of such a reversal—and the tail effect is just beginning to unfold.

Posted: Nov 24, 2024

Aviva Integrates Verisk Xactware to Boost Claims Efficiency in Canada

The integration of Xactimate, XactAnalysis, and XactXpert directly into Aviva’s environment aims to optimizing the insurer’s internal processes

Posted: Nov 21, 2024

ACORD Solutions Group Names James Pring Director of Business Development

Pring has been a key player in modernizing the London Insurance Market, helping brokers and carriers seamlessly adopt ACORD Standard messaging.

Posted: Nov 21, 2024

AAIS Adopts Akur8 to Enhance Predictive Modeling Capabilities

AAIS sought to create a repeatable, end-to-end process that includes enhanced visualizations and built-in reports to successfully broaden its use of predictive models.

Posted: Nov 21, 2024

FM Names Lyndon Broad EVP, Staff Insurance Operations

Broad will lead FM’s core insurance operations, including underwriting; research and engineering; claims; data analytics and AI; and global client services, sales and marketing.

Posted: Nov 21, 2024

Startup Faura Tackles Climate Risk in Insurance with Data-Driven Approach

Faura CEO Valkyrie Holmes aims to revolutionize how insurers assess property resilience.

Posted: Nov 21, 2024

Guidewire CEO Vaunts Progress in Cloud Transition

In his keynote at the Connections event, Mike Rosenbaum noted that client cloud implementations have gone from four to 86, and predicted an ultimate figure of up to 400 users of Guidewire Cloud.

Posted: Nov 21, 2024

Neutrinos Launches Intelligent Automation Marketplace for Insurance

The new marketplace offers insurance enterprises access to an ever-expanding library of pre-built solutions on the Neutrinos platform.

Posted: Nov 20, 2024

Manulife announces $5.4B Reinsurance Transaction with RGA

The transaction, which includes $2.4 billion of long-term care, validates LTC reserves and assumptions and will result in a $0.8 billion release to shareholders via share buybacks.

Posted: Nov 20, 2024

New York Life Declares Record $2.5B Dividend Payout for 2025

New York Life has paid in excess of $1 billion in total dividends every year since 1990 and more than $50 billion in total dividends over that time.

Posted: Nov 20, 2024

IAPM Taps Clearwater Analytics to Sharpen Risk and Performance Reporting

IAPM is using the Clearwater Analytics Risk & Performance Solution to perform in-depth factor-based attribution and ex-ante risk analyses.

Posted: Nov 20, 2024

One Inc and U.S. Bank Partner to Modernize Insurance Payment Solutions

The collaboration will provide the seamless integration of U.S. Bank’s money movement and banking capabilities with One Inc’s ClaimsPay® and PremiumPay® solutions.

Posted: Nov 20, 2024

Verisk Offers Insurers Address-Level Insights to Better Assess Fire Protection Capabilities

LOCATION Property Protection Scor (PPS) measures homeowners fire protection with deeper granularity and enhanced scoring criteria.

Posted: Nov 19, 2024

Protect Group Partners with Blink Parametric on Travel Protection Solutions

The partnership introduces Blink Parametric’s real-time parametric technology into Protect Marketplace.

Posted: Nov 19, 2024

Rokstone Launches Global Parametric Product

Partnering with NormanMax Lloyd’s Syndicate 3939, Rokstone Parametric will have the ability to write both Facultative and Treaty Business.

Posted: Nov 19, 2024

Luma Financial Technologies and iPipeline Collaborate to Streamline L&A Solutions

The collaboration provides advisors and agents with access to an extensive selection of standardized carrier products and advanced digital tools, within a single, intuitive platform.

Posted: Nov 18, 2024

Delos Names Gloria Hendrickson Head of Reinsurance

Hendrickson’s experience in underwriting and catastrophe modeling and her ability to secure reinsurance capacity for new programs will support Delos’ plans for growth.

Posted: Nov 18, 2024

Guidewire Unveils Las Leñas Cloud Release at Connections Event

The new release is designed to help streamline claims management and increase agility across the insurance lifecycle.

Posted: Nov 17, 2024

Bamboo Insurance Selects Cloverleaf Analytics for Data Insights

Cloverleaf’s GenBI-powered Insurance Intelligence platform will enable Bamboo to have a holistic view of insurance data in Guidewire Cloud.

Posted: Nov 17, 2024

Setting Goals for AI Success in Insurance

By aligning AI initiatives with customer-centric and organizational objectives and following a structured framework for goal setting and measurement, insurers can harness AI’s full potential to improve risk management, enhance customer experience, an...

Posted: Nov 17, 2024

Nationwide Expands Availability of Leakbot devices to additional Nationwide Customers

Leakbot’s smart home solution will now be available to Nationwide customers in 16 states.

Posted: Nov 14, 2024

Standard Casualty Adopt ZestyAI Manufactured Home Coverage

Integrating ZestyAI’s suite of AI-powered solutions will enable Standard Casualty to enhance property and peril-specific risk insights for policyholders.

Posted: Nov 14, 2024

Nationwide Expands Availability of Leakbot Devices to Additional Nationwide Customers

Leakbot’s smart home solution will now be available to Nationwide customers in 16 states.

Posted: Nov 14, 2024

Standard Casualty Adopt ZestyAI for Manufactured Home Coverage

Integrating ZestyAI’s suite of AI-powered solutions will enable Standard Casualty to enhance property and peril-specific risk insights for policyholders.

Posted: Nov 14, 2024

Samplemed Parners with dacadoo to Enhance s.360 Life Underwriting SaaS

The new offering delivered by this partnership will enable the integration of outputs from dacadoo’s Risk Engine into the s.360 workbench ecosystem.

Posted: Nov 14, 2024