Tag : insurers

Parametric Insurance: Revolutionizing Traditional Insurance Models
Guest Posts InsurTech

Parametric Insurance: Revolutionizing Traditional Insurance Models

Neha Batra
Parametric insurance, a novel approach to risk management, represents a departure from traditional insurance methods. In contrast to indemnity-based insurance, where claims are assessed based on actual losses, parametric insurance operates on the principle of predefined triggers, typically related to weather benchmarks or other quantifiable parameters. This innovative model offers......
Howden Tiger Partners with VIP Software to Deliver Loss Cost - Benchmarking Data and SaaS enabled Compliance Applications
InsurTech News

Howden Tiger Partners with VIP Software to Deliver Loss Cost – Benchmarking Data and SaaS enabled Compliance Applications

PR Newswire
Howden Tiger, the reinsurance broking arm of Howden, the global insurance group, announces its new partnership with VIP Software, the leading vendor management platform for insurers. VIP Software has reshaped vendor management in the insurance industry, and this strategic alliance is designed to expand the current success path by leveraging......
Idelic Introduces New Safety Suite Platform For Insurers
InsurTech News

Idelic Introduces New Safety Suite Platform For Insurers

Business Wire
A New Solution to Improve Commercial Fleet Insurance Profitability Idelic, a leading provider of advanced commercial driver performance management solutions, is proud to announce the launch of its first-to-market Safety Suite Platform for Insurers. This innovative solution addresses the challenges faced by insurers in risk pre-selection and monitoring, paving the......
New Capco Insurance Survey Confirms US Policyholders’ Desire For Personalized Offerings
InsurTech News

New Capco Insurance Survey Confirms US Policyholders’ Desire For Personalized Offerings

Business Wire
Nine out of 10 policyholders will share additional personal data with their insurer to secure more tailored products and services, cheaper premiums or other benefits Survey highlights focus on value for money, affordability of premiums, and trust in brands when buying insurance Capco, the global technology and management consultancy, published......
Digital News

Insurers Can Unlock $874 Billion In Untapped Potential By Investing In Data And Analytics—Everest Group

Fintech News Desk
By investing in becoming data-centric organizations, insurance companies can unlock a collective economic value of US$874 billion, according to Everest Group. This potential lies in the impact data and analytics can have in helping organizations increase operational efficiency (US$306 billion), reduce claims leakage and fraud (US$117 billion), and achieve premium......
MAPay to Create First 100 Million NFTs for Digital Health Records on the Algorand Blockchain
Digital Payments News

MAPay to Create First 100 Million NFTs for Digital Health Records on the Algorand Blockchain

Fintech News Desk
Built on Algorand, and in partnership with the Government of Maharashtra in India, NFT technology will be used for storing personal health data for the first time MAPay, a global healthcare technology firm with a focus on decentralized payment networks, unveiled its partnership with the Ministry of Public Health and Family......
Betterview Announces Partnership with Iceye
InsurTech News

Betterview Announces Partnership with Iceye

Fintech News Desk
Betterview, the insurtech company insurers rely on to identify and manage real property risk, announced a new partnership with Iceye, the leading provider of reliable, timely, and accessible geospatial data. Data from Iceye will now be available to all Betterview users within PartnerHub, the third-party marketplace within the company’s Property......
B2B InsurTech News

KOBA Insurance Chooses Socotra Policy Core Platform to Expand UBI Product Portfolio

Fintech News Desk
Socotra, the modern core platform provider for innovative insurers, today announced that KOBA Insurance, an insurtech MGA pioneering usage-based insurance products in Australia, is migrating its insurance program onto the Socotra policy core platform. “I applaud the team at KOBA for their vision of accelerating innovation for mid-sized carriers” Currently, KOBA is......
New Coretech Insight Report Shows a $25 Million Speed-to-Market Advantage for Insurance Carriers
InsurTech News

New Coretech Insight Report Shows a $25 Million Speed-to-Market Advantage for Insurance Carriers

Fintech News Desk
The analysis, sponsored by Socotra, found that the benefits of shorter time-to-market exceeded the costs by as much as 40 times. Coretech Insight, an independent advisory firm focused on core technology for the insurance industry, released a report finding that insurers that launch products faster by deploying cloud agile technology......
Demyst Partners with Snowflake to Provide Rapid, Seamless Data Access for Banks, Insurers, and Fintechs
Banking News Security

Demyst Partners with Snowflake to Provide Rapid, Seamless Data Access for Banks, Insurers, and Fintechs

Fintech News Desk
The external data solutions leader deepens relationships with Snowflake to provide better outcomes for end users. Demyst, a leading external data solutions provider, announced a partnership with Snowflake, the Data Cloud company, enabling businesses to combine intelligence from thousands of data products to make faster and more accurate data-informed decisions.......
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