Let’s see what’s in the news today.
InsurTech 2.0 Brings AI to SMB Insurance, Foxquilt Says
![](https://www.pymnts.com/wp-content/uploads/2024/01/construction-SMBs-insurance.jpg?w=620)
A Toronto-based company is using AI to customize insurance policies for sole proprietorships and small businesses, embedding payments in the process.
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75% of insurance organisations set to replace core insurance management platforms by 2025
![](https://fintech.global/wp-content/uploads/2024/01/sigmund-_dJCBtdUu74-unsplash-scaled.jpg)
75% of insurance organisations will replace core insurance management platforms by 2025, according to a new global report from Novidea.
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Insurtech firm Root appoints UK country manager
![](https://www.itweb.co.za/static/africa/pictures/2024/01/Alex-Astengo-2024.jpg)
Alex Astengo will develop Cape Town-based Root’s UK presence, as it is in partnership discussions with insurers, retailers, banks and telcos.
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Amazon slams doors on UK Insurance Store after only 15 months
![](https://fintech.global/wp-content/uploads/2024/01/bryan-angelo-FtiXADBTqGY-unsplash-scaled.jpg)
Amazon has announced the closure of its UK Insurance Store 15 months after its October 2022 launch.
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Capella Space and Floodbase partner to enhance parametric flood insurance
![](https://fintech.global/wp-content/uploads/2024/01/kelly-sikkema-_whs7FPfkwQ-unsplash-scaled.jpg)
Capella Space Corp., an American space tech company, has announced a strategic partnership with Floodbase to enhance parametric flood insurance.
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