By partnering with Montreal-based artificial intelligence and software firm Element AI, Canadian property and casualty insurer Gore Mutual is to adopt the Element AI Underwriting Partner software product into its underwriting practice.
Arch Insurance (UK) Limited (Arch) continues to extend its division through acquisitions. Having acquired Axiom Underwriting on 1 April, Arch has now also completed the acquisition of specialist underwriting agency Obelisk Underwriting.
A recent report published by Ernst & Young LLP (EY) and InsurTechNZ has highlighted that insurtechs in New Zealand are having to form partnerships with other startups, or else plan overseas expansion due to the apathetic reception of local insurers.
DBRS, an independent international ratings agency, has published a commentary on the bancassurance channel in Spain, detailing its dominant position in the Spanish life insurance market and its predicted contribution to the growth in Spanish banks’ earnings.
It’s time to talk about Brexit again, but in this instance there’s a little light at the end of the tunnel. French insurer La Parisienne Assurances (LPA), which provides travel, property and casualty and other insurance services, is looking to ensure it can continue providing underwriting services to the UK, even after the country leaves the European Union.