Gradient AI serves artificial intelligence (AI) solutions for the insurance industry to mend loss ratios and profitability by predicting underwriting and claim risks with greater accuracy, as well as reducing quote turnaround times and claim expenses through intelligent automation. This…
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80% Firms Have Accessed Their Cyber Insurance, Survey Claims
Only 2% of large British firms have separate insurance against cyber attack as per the current reports. But a survey was conducted among 300 US based IT decision makers by Censuswide. The survey shows- nearly 80% of companies have had…
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Chartered Insurance Institute Makes Key Nomination
Less than a week following the Chartered Insurance Institute’s (CII) apology over a cybersecurity incident, the professional body has now appointed a chief digital and information officer in the person of Mathew Mallett. Joining from the UK Space Agency, Mallett…
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One In 10 Travel And Pet Policies Cancelled To Save Money
Last year, one in 10 policies have been cancelled as per GlobalData, for customers, facing financial toughness. UK customers are changing their expenditure habits and every one in out of 10 customers cancelled their travel and pet policies while facing…
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Boxx Insurance To Buy Intelligence Platform Tenolarbit-
BOXX insurance is all set to acquire Templarbit, a cyber threat intelligence platform, for mapping and monitoring company’s attack surface. Canadian based Cyber Insurtech firm BOXX has took power upon American based threat intelligence firm Templarbit and the sum is…
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LUCKYTRUCK RAISES $2.4 MN TO DIGITISE TRUCKING INSURANCE
US based Insurtech, LuckyTruck- A Cincinnati based firm has grabbed US $ 2.4mn in a seed extension as it continues to overhaul the cover of truck insurance industry. This step is led by Candid Insurance Investors, a group of angel…
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MANYPETS ACQUIRES INSURANCE CARRIE5TO SUPPORT U.S. EXPANSION –
Digital Edge Insurance is getting acquired by a pet insurance firm- ManyPets and will be permitted to introduce it’s own policies and execute them in the market as it carries it’s U.S rollout. ManyPets – Pet insurance firm is to…
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ATTAINING CARBON NEUTRAL STRATEGY TAKES INSURERS TOWARDS STRUGGLE
Heading to the overall physical and systemic work system of an insurance industry, the effect extracted are just the beginning. From the bulletin of October 19, 2022, a headline emerged that Insurance company stepped back in signing a deal for…
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New Coalition To Whisk Insurtech Innovation In India
A new coalition amidst insurance company Tokio Marine and fintech- focused VC firm Arbor Ventures sets a goal to boost up insurtech innovation in India. Tokio Marine: Japan’s Insurance Giant, has joined hands with Arbor Ventures, a fintech focused venture…
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Brit Names Modern A&H Underwriter
Global specialty insurer and reinsurer Brit Ltd has elected Jack Hinton as an underwriter in its disaster and health team. Hinton joins the team from RSA, where he was a senior underwriter for accident and health insurance. He has furthermore…
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