InsurTech stories
Security fears and a skills gap are holding back UK small firms, even as nearly half now use AI and more plan to adopt it.
Rising demand from insurers and brokers has helped the firm double its client base this year as it adds new catastrophe models and executives.
Insurers and employers are tightening AI oversight as new risks, compliance demands and workplace changes reshape underwriting, benefits and HR planning.
Fragmented healthcare claims workflows in the US are set to be replaced by a single AI platform, reducing manual processing and compliance risk.
The deal should speed reimbursements for medical providers by cutting manual steps in bill intake, attachment handling and payment processing.
Poor-quality sanctions lists can swamp compliance teams with false alerts while letting real matches slip through, raising regulatory risk.
Rising demand for digital infrastructure is prompting insurers to rethink cover for power, cooling and outage risks at data centres.
Shared AI infrastructure will help the insurer roll out agents faster, while keeping oversight tight across its 52-country network.
Patients moving between Hong Kong and mainland China could get simpler treatment, claims and payments as the firms test services across the border.
The partnership could open access to more than 570 insurers in 43 countries as DingGo seeks live deployments of its crash management tools.
Productivity gains are being left on the table as businesses adopt artificial intelligence too slowly and without the skills or strategy to scale it.
Insurers can now use familiar AI coding tools to build and manage policies in Socotra's platform without bespoke integrations, the company says.
An oversubscribed second fund lifts assets under management past USD $60 million as the firm targets early-stage fintech and AI deals.
Investment fell by more than 40 per cent year on year as Canadian fintech deals shrank to 47, despite a second-quarter rebound.
Property insurers and planners are tapping recurring aerial captures as Nearmap turns 20 years of imagery into AI-driven property data.
Three in four Australians would switch booking platforms for automatic travel cover, as trust in AI-led protection decisions remains low.
The relocation puts Lyric closer to a major US healthcare hub as it expands after buying Concert and adds new roles over time.
The trial could ease staffing pressure and compliance burdens for Japanese dealers as they sell insurance alongside cars in live showrooms.
Higher first-half earnings and a lower combined ratio are underpinning a broader push to grow HDI Global's US large-corporate business.
Property claims teams could gain faster decisions and fewer disputes after Sync Technologies won Guidewire's InsurPitch Sydney from five finalists.