February 2024 - Page 16

AXA has partnered with cyber protection and insurance firm BOXX Insurance to address the issue of small businesses’ vulnerability to cyber threats. The partnership aims to provide a cyber risk mitigation solution

TLDR Global law firm Norton Rose Fulbright has launched its seventh annual Insurathon competition for insurtech startups. The winning firms will receive €50,000 ($55,000) in prize money, comprising of €25,000 of free

Let’s see what’s in the news today. Egypt: FRA gives 3-month notice to technology-based insurance brokerages to comply with new regulation The Authority’s management aims to improve the work mechanisms of the

TLDR: 63% of Singapore’s insurance market plans to replace core management systems in 2024 The majority of Singaporean insurance leaders prioritise onboarding technology to enhance customer value The key challenges faced by

WTW, a prominent player in the insurance industry, has introduced a groundbreaking cyber insurance product specifically tailored for small and medium-sized enterprises (SMEs) with annual revenues below $50M. This strategic move aims

Insurity launches AI-powered solution to revolutionize decision-making for P&C insurance carriers Insurity, an insurance software provider, has launched an AI-powered analytics solution called Insurity Predict, which is designed to revolutionize decision-making for

TLDR: FullCircl, an InsurTech company, has responded to the British Insurance Brokers’ Association’s (BIBA) newly unveiled 2024 Manifesto. The Manifesto addresses the challenges and opportunities facing insurance brokers in the UK’s current

TLDR: The Egyptian Financial Regulatory Authority (FRA) has issued a notice giving insurance brokerages that use technology in their business models three months to comply with new regulations. Resolution No. 215 of

TLDR: Shanghai has established a big data lab to promote data-sharing that will help insurers develop innovative products for residents of the city. The lab will use medical diagnostics and treatment data

TLDR: Car insurance rates in the U.S. have risen by 37% since 2020, largely due to the high cost of repairing high-tech vehicles. Sensors and computer code in cars, along with the