Insurance stories - Page 6

AI adoption is forecast to widen the gender skills gap in the UK's GBP £1 trillion tech sector, raising concerns over equality in emerging industries.

Applied Systems acquires Cytora to enhance AI-driven efficiencies, aiming to streamline and automate the insurance lifecycle globally.

Insurers urged to modernise spreadsheet use for Solvency II, adopting no-code platforms to enhance compliance and reduce risks in regulatory reporting.

UK insurers paid over GBP £150 million for subsidence damage as climate change risks threaten 1.2 million more homes by 2050, ABI and LexisNexis warn.

Retail leads AI satisfaction in EMEA with 96% success rate, while healthcare outspends all sectors but faces challenges, says Lenovo's CIO Playbook 2025 study.

A Nexi survey of 28,000 Europeans reveals regional online payment preferences and growing demand for sustainable retail practices across the continent.

Cinven acquires majority stake in Smart Communications to boost global growth and innovation in regulated sectors using its cloud-based customer communication platform.

Hexaware Technologies has named Shantanu Baruah President and Global Head of Healthcare, Life Sciences & Insurance to spearhead its growth strategy.

NTT DATA and Mistral AI team up to develop private AI ecosystems for regulated sectors across Europe and Asia-Pacific, focusing on data privacy and ethical deployment.

UK leads Europe with 47% of firms adopting agentic AI to boost software productivity, outpacing France and Germany amid global AI investment surge.

A new study reveals AI is evolving from an adviser to a core architect in enterprise decision-making, enhancing transparency and accountability across sectors.

UK universities and insurers have launched a GBP £2 million project to develop insurance products addressing risks from commercial artificial intelligence use.

Organisations using Teradata VantageCloud achieved a 427% ROI and USD $7.9 million annual benefits, cutting costs and boosting AI model accuracy by up to 15%.

TCS reported USD $7,421m revenue in Q1 FY26, highlighting gains in AI and cybersecurity despite a slight year-on-year revenue decline.

Endava appoints Alastair Lukies as Chief Engagement Officer and Rob Machin as Chief People and Locations Officer to boost AI-led growth and global engagement.

UK drivers logging up to 6,000 miles annually pay nearly 10% less on insurance, as usage-based models and telematics gain traction amid rising living costs.

A survey finds 65% of UK business leaders rank AI as vital as water and energy, with 93% urging swift adoption alongside calls for thoughtful oversight.

Nimbl predicts AI will create new job roles and growth, transforming the workforce with personalised services rather than causing redundancies.

Datadog unveils enhanced log management tools helping firms cut costs and meet strict compliance, including long-term retention and local data storage options.

Denodo has earned the Snowflake Financial Services Competency, recognising its expertise in secure data management for banking, capital markets, and insurance.