Untapped potential in Europe for insurers

A report from Finaccord investigates which platforms offer the most business development potential for insurance companies seeking affinity partnerships

Sapiens announces five new strategic partnerships

Sapiens International, a provider of software solutions to the insurance industry, has expanded its Partner Network, with five new partnerships in the North American market

Insurtech Start-up secures $10 million in funding

Kenyan insurance technology start-up, Turaco has secured $10 million in funding Series A equity round

Hyperautomation of insurance data grows

Kanverse.ai, a hyperautomation platform, has joined Guidewire’s Insurtech Vanguards Program

AllClear partners with Akur8

AllClear Travel Insurance, UK, has partnered with French specialist software developer Akur8, giving the broker access to the company’s risk and demand modelling and rate making solutions

Liberty General Insurance introduces AI claims platform

India’s Liberty General Insurance has introduced an artificial intelligence-based (AI) automated platform for the processing of claims on travel and motor insurance policies

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

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