InsurTech stories
Rising temperatures are making generators more likely to face outages, replacement power costs and bigger balance sheet losses during peak demand.
Insurers risk costly errors if AI outputs are not checked for accuracy before they reach claims, pricing and underwriting decisions.
Insurers under staffing pressure may use the platform to speed renewals, prospecting and compliance work while cutting back-office time.
Fleets using Geotab devices can now tap behaviour-based commercial insurance without extra hardware, as telematics pricing remains underused.
The fresh capital gives the automotive software firm room to scale in the US, where repair delays and manual processes still add costly friction.
The insurer is bolstering its Asia management as it pushes harder into data, automation and AI to improve underwriting and customer service.
The funding will help banks and insurers automate lending, claims and onboarding while keeping AI decisions auditable and compliant.
The hire signals Spektrum's push to turn growing demand for cyber resilience tools into repeatable global sales and channel growth.
The move gives the insurer software maker a foothold in a region where carriers are now seeking AI to speed underwriting and claims.
Asia Pacific insurers are set to see more AI-driven system renewal as Sapiens steps up its regional push with a senior hire.
Most fintech startups could miss out on planned tax relief unless Treasury rewrites rules to reflect the sector's long, costly path to scale.
Severe weather can now interrupt claims less often, as the insurer's critical systems were restored in tests in just under an hour.
Investors now judge private equity targets by how AI could erode margins, weaken moats or lift pricing, not just technical novelty.
The cover could free up millions in reserves for smaller renewable sites, while giving insurers live data to price risk more tightly.
Companies under pressure to govern AI and share sensitive data could use proof-based controls without replacing existing cloud systems.
Advisers and applicants could see shorter waits as NEOS rolls out automated medical evidence processing across its life insurance platform.
Direct-to-consumer rivals are intensifying pressure on agencies as carriers still lack market intelligence on where business is shifting.
Insurers under growing scrutiny over cyber exposures can now track live portfolio risk and unresolved vulnerabilities across insured organisations.
Cleaner early claims data could cut delays and rework for motor insurers as LexisNexis rolls out three tools across the U.K. market.
Insurers risk wasted AI spending unless new tools fit agents' daily workflows, as Cake & Arrow's research found uneven uptake and patchy support.
