Search Results for: Property Insurance

AXA XL unveils new cyber insurance extending coverage to help businesses manage emerging Gen AI risks
Artificial Intelligence Finance Fintech News

AXA XL unveils new cyber insurance extending coverage to help businesses manage emerging Gen AI risks

PR Newswire
by PR Newswire0
To help businesses manage risks arising from developing their own Generative AI (Gen AI) models, AXA XL unveiled new coverage, available by endorsement, to its cyber insurance coverage globally, extending coverage to address specific Gen AI risks. According to Michael Colao, AXA XL’s Global Chief Underwriting Officer, Cyber, “Looking to improve efficiency, improve......
Sixfold's AI Prepares Insurers for Future Risks in Cyber Insurance
Artificial Intelligence Finance Fintech News

Sixfold’s AI Prepares Insurers for Future Risks in Cyber Insurance

PR Newswire
by PR Newswire0
Insurers using Sixfold’s AI can quickly adapt their risk strategies to address new cyber threats, providing accurate and future-ready underwriting assessments. Additionally, the partnership with CyberCube aligns with the strategy of utilizing the best data sources to streamline underwriting, keeping insurers ahead as cyber insurance premiums are projected to reach $20......
arqu Secures $10 Million in Series A Funding to Accelerate Transformation in Wholesale Insurance
Fintech InsurTech News

arqu Secures $10 Million in Series A Funding to Accelerate Transformation in Wholesale Insurance

Business Wire
by Business Wire0
arqu, a tech-enabled wholesale insurance brokerage transforming how large-scale, complex commercial risks are transacted in the $100bn Excess & Surplus (E&S) market, announces its $10 million Series A financing, led by Crosslink Capital with participation from Intact Ventures. arqu also saw continued support from all existing investors, Lightspeed Venture Partners, Foxe Capital and Nationwide Ventures. “arqu is not......
BriteCore Introduces Latest Core Software Innovations to Power Mid-Size Insurance Carriers
Artificial Intelligence Cloud Finance Fintech News

BriteCore Introduces Latest Core Software Innovations to Power Mid-Size Insurance Carriers

Somesh Utkar
by Somesh Utkar0
New Product Features Leverage Generative AI and Enhance User Experience to Drive Efficiency and Growth BriteCore, the leading provider of cloud-native core insurance solutions for property and casualty (P&C) carriers and MGAs, today announced the launch of several new product features designed to enhance its support for insurance carrier clients......
APOLLO and Payquad Solutions Expand Partnership to Provide Renters Embedded Digital Insurance
InsurTech News

APOLLO and Payquad Solutions Expand Partnership to Provide Renters Embedded Digital Insurance

Business Wire
by Business Wire0
APOLLO Insurance, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, has expanded its partnership with Payquad Solutions to embed tenant insurance directly into Payquad’s workflows, providing renters easy and seamless access to tenant insurance. “Apollo Insurance Solutions Ltd. and its subsidiaries” APOLLO’s platform launched......
Verisk Launches First-of-its-Kind Insurance Index to Better Inform Pricing Decisions
Finance Fintech News

Verisk Launches First-of-its-Kind Insurance Index to Better Inform Pricing Decisions

GlobeNewswire
by GlobeNewswire0
Verisk’s ISO Experience Index can help the insurance industry quickly assess changes in risk patterns and the cost of insuring risk The insurance industry exceeded loss ratio levels that have not been seen in nearly 20 years, with an estimated $21.2 billion reported in underwriting losses in 2023. To help insurers, Verisk (Nasdaq: VRSK),......
Deloitte 2024 Financial Services Industry Predictions: AI Expected to Transform Retail Investing, Increase Banking Fraud and Drive New Insurance Market; Climate Change Expected to Further Increase Insurance Costs for Commercial Real Estate
Fintech News

Deloitte 2024 Financial Services Industry Predictions: AI Expected to Transform Retail Investing, Increase Banking Fraud and Drive New Insurance Market; Climate Change Expected to Further Increase Insurance Costs for Commercial Real Estate

PR Newswire
by PR Newswire0
Deloitte’s 2024 Financial Services Industry Predictions reports highlight trends that have the potential to impact innovation and growth as well as risk and resiliency Deloitte released its “2024 Financial Services Industry Predictions,” which outlines some of the most significant emerging trends across the financial services industry over the next three......
Kanguro Insurance Expands into Renters Insurance in Texas Market
InsurTech News

Kanguro Insurance Expands into Renters Insurance in Texas Market

PR Newswire
by PR Newswire0
Kanguro Insurance, known for its innovative AI-driven pet health insurance plans, has announced its expansion into renters insurance, starting with the Texas market. The company is actively seeking partnerships with insurance agencies and property managers while offering a streamlined tech-forward product directly to consumers, particularly within Texas’s Latino community. “We recognize the need for......
South Korean Insurtech Carrot has Secured BBI (Behavior Based Insurance) Solution Project of Lippo General Insurance, Indonesia
InsurTech News

South Korean Insurtech Carrot has Secured BBI (Behavior Based Insurance) Solution Project of Lippo General Insurance, Indonesia

PR Newswire
by PR Newswire0
Leveraging its accumulated data capabilities and experience, Carrot plans to create integral systems to facilitate LGI’s introduction of BBI product in Indonesia. Carrot General Insurance Corp. (“Carrot” or the “Company”) has taken its first step on the journey to becoming a global insurtech company. Carrot, South Korea’s largest digital insurance carrier, has announced......
Wipro Invests in Aggne to Strengthen Consulting & Services Capabilities in the Insurance Sector
Fintech Investments News

Wipro Invests in Aggne to Strengthen Consulting & Services Capabilities in the Insurance Sector

Business Wire
by Business Wire0
With this investment, Wipro becomes a majority shareholder in Aggne, which brings to Wipro a highly sought-after and unique set of capabilities and Intellectual Property (IP) in the property & casualty (P&C) insurance space. Wipro Limited, a leading technology services and consulting company, today announced that it has made a......
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