Shift Technology to provide AI fraud alerts to Sapiens

Sapiens International, a provider of software solutions to the insurance industry, has formed a strategic partnership with Shift Technology, the developer of AI-driven decision automation and optimisation solutions

Insurtechs raise investments in latest funding rounds

Kenya’s Lami Technologies raised US$3.7 million through Harlem Capital-led second round of funding, while the UK’s Quotech acquires £1 million from Convex Group and other investors

NTUC Income launches FlexiTravel short trip travel insurance product

Singaporean insurance cooperative NTUC Income has launched a new travel insurance product for short trips which enables travellers to purchase insurance by the hour

AXA provides Verisk health risk underwriting tool to Chinese partners

Data analytics provider Verisk has announced that AXA Life & Health Reinsurance Solutions is providing its Health Risk Rating Tool to its insurance partners in China

Southern Cross launches Procedure Checker digital tool

The online search engine helps members find out whether their surgical procedure is covered under their policy, as well as whether requirements or pre-existing conditions may affect coverage

Cover Genius surpasses 10 million sales via its distribution platforms

Insurtech firm Cover Genius has announced that it has surpassed 10 million policy sales via its embeddable online distribution platforms

Socotra and Spixii announce strategic partnership

The partners will integrate Spixii’s chatbot technology into Socotra’s insurtech platform to enhance service functionality for users

KAYAK launches travel protection services on its digital platform

The protection is provided by digital insurance firm Koala and covers cancellation protection, international medical expenses and repatriation costs

FlightDelay allows policyholders to automatically be paid for travel delays

Etherisc launches automated blockchain travel insurance

The open-source technology accepts cryptocurrencies and can autonomously issue policies and execute payouts for travel delays to insurance policyholders

LexisNexis and Shift Technology enter alliance to boost claims processing capabilities

Combination of LexisNexis Claims Clarity and Shift Insurance decisioning capabilities gives claims professionals a new tool for automating claims processing

Klook and ZA Tech sign joint venture agreement

The partners will combine Klook’s travel booking platform with ZA Tech’s insurtech software

Digitisation of insurance underwriting continues with MetLife/Munich Re partnership

Munich Re Automation Solutions Ltd has partnered with MetLife France, which has adopted the ALLFINANZ product suite to digitise its life insurance underwriting process

Insurtech investment in travel insurance

Mario Pierobon spoke to industry experts to uncover their views on how start-up disruptors have changed what the travel and health insurance sector can do to better meet the needs…

The growing prominence of parametric travel insurance solutions

Though it’s not a new concept, the parametric insurance model is gathering momentum and looks set to pick up pace as we emerge from the pandemic. Sarah Watson looks at…

A technological perspective on the Covid-19 outbreak

Software solutions provider NIS details the importance of scalability and digitisation when it comes to insurance businesses adapting to meet the changing market