InsurTech Digital

23/09/2024

How can healthcare organizations keep up with evolving cyber threats while navigating cyber insurance requirements?

Christopher Henderson, Senior Director of Threat Ops at Huntress, discusses how insurers are reshaping risk models and the evolving role of cyber insurance in healthcare. MFA, help desk verification, and stricter audits are key to ensuring coverage.

Read more: https://ow.ly/gL4w50TsZuX

Cyber Insurance in Healthcare: Rising Premiums, Regulatory Pressure, and the Struggle to Stay Ahead of Threats

23/09/2024

Old Mutual has completed a significant digital transformation by migrating its entire IT infrastructure to the cloud. This shift enables the financial services giant to enhance customer experiences and leverage data-driven AI solutions. Spearheaded by May Govender, Group CIO, this transformation modernizes Old Mutual's core life insurance and wealth management systems.

Read more: https://ow.ly/WGBL50TkT0w

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22/09/2024

As enterprises face evolving cybersecurity threats, HID is leading the transition to passwordless authentication, helping organisations adopt passkeys. Sean Dyon, Director of Strategic Alliances at HID, highlights how passkeys enhance security and streamline user experiences.

Read more: https://ow.ly/qON150TkSbj

20/09/2024

Responsible Underwriting and DORA.

Responsible underwriting in insurance involves accurately assessing risks to ensure that premiums are sufficient to cover potential claims while maintaining profitability and fairness. This process is crucial for the financial health of insurance companies and their ability to meet obligations to policyholders.

Read more here about Data Analytics and Underwriting: Precision and Efficiency: https://ow.ly/cIMo50TmCqZ

20/09/2024

How will IS2's new API-enabled hosted pricing solution revolutionize the insurance industry?

With this groundbreaking tool, insurers like Markel can dynamically adjust pricing in real-time, utilizing up to 500 different rating factors for unparalleled accuracy. IS2's latest innovation is already turning heads, having won the "InsurTech-Platform" award at the 2024 National Insurance Awards.

Read more: https://ow.ly/stXu50TrFFR

IS2 has launched its innovative API-enabled hosted pricing solution which aims to boost distribution for commercial insurers and Managing General Agents

19/09/2024

How is AXA revolutionizing customer experience with their new online claims platform? Suzy Tiffany, Retail Claims Director at AXA UK, highlights how this AI-powered tool streamlines the process for car and home insurance claims, enhancing efficiency and customer satisfaction.

Read more: https://ow.ly/FZxX50TqJEV

As AXA launches a new online claims platform, the fusion of AI and digital services is revolutionising the customer experience and operational efficiency

18/09/2024

We're proud partners of the Banking Transformation Summit taking place in Charlotte, North Carolina this November!

Banking Transformation Summit is the leading event for banks and tech professionals to learn, connect and shape the future of banking.

Find more info & apply to attend here: https://bit.ly/3yNPRRo

18/09/2024

InsurTech Digital explores the top risk management platforms reshaping the insurance industry. Companies like Cowbell are driving innovation through AI and real-time risk monitoring, empowering insurers with greater confidence in the digital age.

See the list: https://ow.ly/zZIM50TpT6n

17/09/2024

How is Akur8 revolutionizing the insurance industry with AI?

Samuel Falmagne, CEO and Co-Founder, and Brune de Linares, Chief Client Officer, lead Akur8 in automating risk modeling for insurers. With $120M in Series C funding, led by One Peak and Partners Group, Akur8 plans global expansion and product development.

Read more: https://ow.ly/IKgT50Tp2Ww

French insurtech Akur8 has raised US$120mn in a Series C funding round, bringing its total investment to US$180mn and valuation to US$400mn

16/09/2024

How will Onsurity’s focus on digital innovation transform the SME insurance market by 2026?

Kulin Shah, Co-founder and COO, and Prakash Parthasarathy, CIO at Creaegis, are leading the charge as Onsurity secures $21M in Series B funding. The company aims to expand its client base to 50,000 SMEs with cutting-edge solutions.

Read more: https://ow.ly/yRAQ50TooOq

Insurtech startup aims to expand client base sixfold by 2026, focusing on digital innovation and product development

16/09/2024

How can Guidewire's latest HazardHub data transform property insurance in hurricane-prone areas?

Christina Hupy, Vice President at HazardHub, highlights the importance of understanding hurricane risks to inform coverage and mitigation strategies. This new dataset offers unprecedented insights, helping insurers navigate climate threats and adjust premiums accordingly.

Read more: https://ow.ly/1xlS50To14f

As climate risk intensifies, Guidewire's latest data release offers insurers unprecedented insights into property-level hurricane vulnerability

13/09/2024

How can insurers improve climate risk assessment with cutting-edge technology? Cytora, a leader in digital risk processing, partners with Mitiga Solutions to provide insurers with advanced climate risk intelligence via Mitiga’s EarthScan platform. Juan de Castro, COO at Cytora, and Alejandro Marti, CEO at Mitiga, highlight how this collaboration enhances risk evaluation capabilities.

Read more: https://ow.ly/7cAE50TmOuh

Insurers gain access to cutting-edge climate data as Cytora and Mitiga Solutions join forces

12/09/2024

Are identity and privilege compromises impacting your cyber insurance coverage?
According to Delinea's 2024 Cyber Insurance Research Report, identity security is crucial, with 95% of U.S. companies investing in solutions like MFA and privileged access management. Insurers are tightening requirements, and AI is playing a growing role in lowering premiums.

Read more: https://ow.ly/s9hf50Tm526

The cyber insurance market evolves as insurers enforce identity security controls and AI technologies to combat rising claims and sophisticated cyber threats.

12/09/2024

Woodruff Sawyer’s CIO, Matt Kulangara, shares insights on transforming the company’s IT infrastructure, embracing AI, and prioritizing customer care. From remote working solutions during COVID-19 to launching the Connect platform, Woodruff Sawyer is innovating risk management and client services.

Read more: https://ow.ly/uUIn50TkUpE

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12/09/2024

Are you curious about which companies are leading the charge in claims automation? Insurity’s AI-powered chatbots, Duck Creek Technologies’ real-time analytics, and LexisNexis’s data-driven insights are transforming the industry. Visionaries like these are redefining how insurers tackle the claims lifecycle.

Read more: https://ow.ly/hBJf50TlHIn

09/09/2024

How is Usage-Based Insurance (UBI) transforming auto insurance with data-driven insights? Insurers are leveraging telematics to offer personalised premiums, rewarding safer driving habits. With innovations in AI and blockchain, UBI is poised to reshape the industry.

Read more: https://ow.ly/wHyp50TiAOt

Discover how Usage-Based Insurance (UBI) is reshaping the insurance industry, using telematics and data analytics for personalised premiums and safer driving incentives.

05/09/2024

How can insurance companies leverage advanced risk modelling to address rising catastrophe losses? Verisk’s 2024 Global Modelled Catastrophe Losses report shows insured losses at USD $151bn, driven by climate change and urban expansion. The report highlights the need for robust strategies and EP metrics. Verisk’s collaboration with the Climate Advisory Council is helping insurers stay ahead of risks.

Read more: https://ow.ly/snXa50TgzsW

Verisk's latest report reveals a sharp increase in catastrophe losses, driven by climate change, urban expansion, and inflation. Learn more about how insurers can adapt to these rising risks.

04/09/2024

WE'RE BACK! Read the brand new September edition of InsurTech Digital for deep dives into Responsible Underwriting and DORA, Blockchain's Transparency & Efficiency A Tool For Insurance and more!

FEATURING:
- May Govender from Old Mutual Limited
- Matt Kulangara from Woodruff Sawyer
- Sean Dyon from HID

ALSO:
- The top 10 InsurTech Platforms
- Executive insights from Liselotte Munk
- A lifetime of achievement spotlight on Daniel Schreiber

Read the full edition here: https://insurtechdigital.com/magazine/insurtech-magazine-september-2024

04/09/2024

How can Ondo Insurtech and NFU Mutual revolutionize water damage prevention with cutting-edge technology? Craig Foster, CEO of Ondo Insurtech, and Phil Cooper, Propositions Manager at NFU Mutual, are leading the charge to implement LeakBot, aiming to deploy 17,000 units by January 2025.

Read more: https://ow.ly/pB0s50Tf4qZ

Ondo Insurtech teams up with NFU Mutual to deploy LeakBot technology, aiming to prevent water damage and reduce insurance claims for homeowners

02/09/2024

We’ve partnered with Insurtech Insights Asia 2024, Asia’s largest insurance conference, which opens on December 4th and 5th at the Kerry Hotel, Hong Kong.

Get 30% off tickets using our unique discount code: BIZCLIK30 here: https://ow.ly/nZ4C50T4TMt

02/09/2024

How is Charles Taylor’s Tide platform transforming the insurance industry? Reiss Gavin, London Market Programme Manager at Charles Taylor, discusses how Tide revolutionises delegated underwriting, enhances data accuracy, and integrates cutting-edge AI for claims processing. Explore how Tide’s innovations are streamlining operations and driving better decision-making in the complex insurance landscape.

Read more: https://ow.ly/6cEa50TcfTm

Discover how Charles Taylor's Tide platform revolutionises bordereaux management with automation, security, and advanced analytics for insurance operations.

30/08/2024

Find out how parametric policies address a wide range of risks, from flight cancellations to flooding, by offering pre-agreed payouts triggered by specific events.

"Technology aside, entirely new things in insurance come along very rarely. Parametric insurance is one of those major innovations. It’s taking off because it creates certainty, offers an alternative way to cover risks that traditional insurance may not fully address – from the first dollar lost, without exclusions or deductibles – and pays lightning fast," says Mark Rogers, Vice President, Business Development at Vitesse.

Find out more here: https://ow.ly/e85X50Tatsa

Discover how parametric insurance offers rapid payouts, flexible coverage, and innovative solutions for risks that traditional insurance struggles to address.

29/08/2024

Did Taylor Swift Really Insure Her Legs for US$40 Million?

Take a look at the types of insurance afforded to celebrities, their legs and other body parts, which are often insured for staggering amounts ➡️ https://ow.ly/ziNL50T8ncq

28/08/2024

In the wake of mounting pressure on the insurance industry, a recent poll has shed light on the growing demand for change within the sector.

We spoke to Rory Yates, Global Strategic Lead at insurance platform provider EIS about automation and the 'swivel chair' problem.

Read what he had to say here: https://ow.ly/qwl450T8n4i

Transforming claims with automation and deep customer understanding is key to building trust and enhancing experiences. Learn how innovation can unlock new value.

23/08/2024

How did Swiss Re achieve a net income of US$2.1bn in H1 2024? The answer lies in disciplined underwriting and strong investment returns. Andreas Berger, Swiss Re's Group CEO, emphasizes the company's commitment to consistent results and increased resilience. With a return on equity of 20.1%, Swiss Re continues to lead in financial performance.

Read more: https://ow.ly/bJk050T52oe

Swiss Re posts a strong H1 2024 net income of USD 2.1 billion, supported by disciplined underwriting, low catastrophe claims, and robust investment returns.

22/08/2024

How can companies like INSHUR transform the on-demand economy through embedded insurance? Dan Bratshpis, Co-Founder and CEO of INSHUR, highlights the importance of integrating technology and insurance to meet the needs of today's drivers. The rise of embedded insurance is driven by younger generations demanding seamless, personalized experiences across digital platforms.

Read more: https://ow.ly/KS1850T3Tu8

The on-demand economy is set to hit US$335bn by 2025, driving innovation in embedded insurance, offering drivers personalized, seamless auto coverage through apps

21/08/2024

How can Walnut Insurance revolutionize the insurance industry with its embedded tech?

Adrien Niblock, CPO and Co-founder of Walnut, and François Lafortune, CEO of Diagram Ventures, are leading the charge to modernize and streamline insurance distribution. With US$4.6M in new funding, Walnut is set to redefine the insurance experience for consumers and businesses alike.

Read more: https://ow.ly/V04j50T3cXP

Discover how Walnut Insurance simplifies distribution by embedding insurance into digital platforms, enhancing efficiency and customer experience through innovation.

21/08/2024

How is digital transformation reshaping the insurance industry? EY and Guardtime are leading the charge by modernizing marine insurance through blockchain technology, collaborating with industry giants like Maersk and Microsoft. Admiral’s partnership with Google Cloud exemplifies the shift towards cloud computing for enhanced customer experience.

See the list: https://ow.ly/WaN150T35zy