March 2024 - Page 12

TLDR: Technology is transforming crop insurance in India, making it more efficient and cost-effective for farmers. The use of satellite imagery, data analytics, and other advanced technologies is revolutionizing the insurance process.

Article Summary TLDR: The Japanese FinTech leader Smartpay has partnered with Chubb Insurance to accelerate the digitisation of the Japanese insurance industry. Anticipated to Surge to 80tn Yen ($500bn) by 2027, the

TLDR: – Aon has acquired the technology assets of Humn.AI, an insurtech that went into administration in December 2023. – The acquisition will strengthen Aon’s commercial fleet proposition and provide data-driven insights

Let’s see what’s in the news today. Revolutionising insurance pricing: To build or partner for success The landscape of the insurance industry is undergoing a profound transformation, driven by rapid technological advancements.

TLDR: IQumulate Premium Funding is a top performer in the Insurance Business 5-Star Insurance Innovators award. The firm is recognized for its innovations in the claims process and new products. The article

Concirrus Unveils ‘World’s Largest Pool of Marine Claims Data’ TLDR: Concirrus released a new market model with the largest pool of marine claims data. The model allows for benchmarking against industry datasets

TLDR: InsurTech company Porch Group reported strong financial results for Q4, with revenue surging 79% from the previous year and a significant decrease in net loss. Company credited core insurance segment, strategic

Key Elements of wefox CEO Appointment TLDR: – wefox appoints Mark Hartigan as new CEO – Co-founder Julian Teicke transitions to President role wefox, a prominent InsurTech company, has appointed Mark Hartigan

Revolutionising Insurance Pricing TLDR: Key points: Rapid technological advancements are transforming the insurance industry Hyperexponential released a whitepaper on whether firms should build or partner for insurance pricing transformation Revolutionising Insurance Pricing:

Let’s see what’s in the news today. Akur8 selected by Swedbank to bolster its insurance pricing process Akur8, the next-generation insurance pricing solution powered by Transparent AI, has been selected by Swedbank