Insurance

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/ai

Experian UK&I taps AI for commercial insurance underwriting

Experian UK&I today announces a new AI-powered data solution ‘Hazard Tags’ which will help transform underwriting processes in the commercial insurance sector.

/payments

TreviPay and Allianz Trade partner on B2B risk management

TreviPay, the most-trusted B2B payments and invoicing network, today announced a new strategic partnership with Allianz Trade, the global leader in trade credit insurance.

/people

Insurtech Sedgwick appoints business development director

Sedgwick, a leading global provider of claims management, loss adjusting and technology-enabled business solutions, has appointed Stephen Hearn as International Business Development Director.

/retail

Xceedance buys Millennium Information Services

Xceedance, a global leader in consulting, technology, operations support, and data solutions for the insurance sector, has acquired Millennium Information Services, Inc. (MIS), one of the largest property inspection and data analytics companies in the U.S.

/retail

Community First Credit Union taps TruStage for auto insurance

Committed to safeguarding its members in their times of need, Santa Rosa, Calif.-based Community First Credit Union announced today it has partnered with TruStageTM, a financially strong insurance, investment and technology provider, to integrate its Payment Guard embedded insurance strategy into the credit union’s indirect auto loan channel.

/wholesale

Lockton launches digital insurance programme

Lockton, the world’s largest privately-owned insurance brokerage, today launched Lockton Pulse, its new ground-breaking digital insurance offering for SMEs and individuals across Australia.

/people

WTW strengthens digital trading team

WTW (NASDAQ: WTW) has today announced the appointment of Parveen Kaur as Global Leader of Operations, Strategy Execution and Data to Neuron, the company’s commercial digital trading solution.

/retail

LWCC selects Akur8 core platform

Akur8, the next-generation insurance pricing solution powered by transparent machine learning, is excited to announce its recent collaboration with Louisiana Workers’ Compensation Corporation (LWCC), Louisiana’s largest workers’ compensation carrier, dedicated to excellence in execution from underwriting to life-long care of an injured worker.

/ai

KeyBank partners Zentist to bring AI to dentist revenue cycle management

KeyCorp (NYSE: KEY) announced a strategic relationship, which includes a minority investment, with Zentist, a leading cloud-based Insurance Revenue Cycle Management (RCM) software provider for Dental Support Organizations (DSOs) across the country.

/cloud

Equisoft signs Suriname insurance firm Assuria

Equisoft, a leading global digital solutions provider to the financial industry, is pleased to announce that Assuria, the largest insurance company in Suriname, is in the process of implementing Equisoft/manage, a modern cloud-based policy administration solution, as well as the Equisoft/illustrate and Equisoft/apply digital sales and service solutions.

/security

Markel launches FintechRisk+ cyber insurance policy

Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced the launch of its new FintechRisk+ insurance policy, underlining its long-term commitment to provide market-leading coverage and service solutions for fintech companies in an increasingly complex market.

/wholesale

Ebix Inc exits Chapter 11

Ebix Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced today that it has successfully completed its Chapter 11 restructuring process and has emerged as a financially and operationally stronger company that is well-positioned for the future.

/Insurance

Numeral API connects with HSBC

Numeral, the payment technology provider, and HSBC Innovation Banking UK, the banking partner to innovators and their investors, today announce a collaboration to enable innovative companies to embed HSBC Innovation Banking UK’s payment and account services via Numeral APIs.

/regulation

Howden integrates FullCircl into Acturis

FullCircl, a software provider that helps insurance brokers accelerate growth and seamlessly integrates compliance into the process, today announces that it has signed a multi-year agreement with Howden, the global insurance intermediary group, in a deal which will help Howden clients ensure correct levels of cover whilst reducing the burden and costs of compliance.

/markets

Cytora partners with AI-powered due diligence company Xapien

Cytora, the leading digital risk processing platform, has partnered with AI-powered due diligence company Xapien.

/people

One Inc names Michael Ellis CFO

One Inc, the leading digital payments network for the insurance industry, today announced the appointment of Michael Ellis as the company’s new Chief Financial Officer (CFO), effective August 5, 2024.

/retail

Wefox exits German market

As announced in June, wefox has continued to implement its exit from the German insurance market as part of the refocusing of its portfolio on profitable market positions of critical size.

/retail

Lemonade expands home insurance offering in the UK

Lemonade, the digital insurance company powered by AI and social impact, today announced the launch of Buildings and Contents insurance in the UK.

/payments

GoCarless and ICE InsureTech partner on faster payments for insurance firms

GoCardless, the bank payment company, has announced a strategic partnership with award-winning insurance software platform ICE InsureTech, to deliver faster and seamless automated payment collection for insurance companies in Australia and New Zealand.

/ai

NYDFS adopts guidance on AI use by insurance firms

Today, Department of Financial Services (“DFS”) Superintendent Adrienne A. Harris adopted guidance to protect consumers from unfair or unlawful discrimination by insurers using artificial intelligence.

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