TLDR: Applied Systems has acquired Planck, an AI company for the insurance industry. The acquisition will enhance Applied’s AI capabilities and create more value at every stage of the insurance lifecycle. The

TLDR: Key points: The role of claims handlers is evolving due to technological advancements and changing customer expectations. Future specializations in claims handling include digitally enabled customer advisors, complex claims adjusters, claims

TLDR: Insurtech Recorder is providing brokers with an AI-driven platform for a competitive edge. The platform aims to enhance the customer experience and differentiate brokers in the market. Insurtech Recorder has introduced

TLDR: ReSource Pro has named Saima Shaukat as Senior Vice President, Retail Practice. Shaukat’s background in insurance technology and services will drive the enhancement and customization of ReSource Pro’s services for the

Let’s see what’s in the news today. Crop insurance to see growth from 2024 onwards, govt tech push to boost sector: Eco Survey New Delhi, Jul 22 (PTI) The agriculture insurance sector

Selective Insurance and One Inc Partnership TLDR: – Selective Insurance partners with One Inc to streamline claims payment process – One Inc’s ClaimsPay digital payment solution will be integrated to facilitate quick

TLDR: Fintech and insurtech firms are expected to apply for digital insurance licences in Malaysia. Bank Negara Malaysia is giving potential applicants a two-year window starting from Jan 2, 2025. Key Elements:

Summary of Cyber Policy Article TLDR: Key points: Recent massive technology outage impacting various industries has raised concerns about cyber insurance policy language Guy Carpenter and Aon provide insights on coverage for

TLDR: Key Points: The agriculture insurance sector is projected to see growth from 2024 onwards with an average real premium growth of 2.5% over the medium term. Technological advancements and government initiatives

TLDR: Agriculture insurance sector expected to see growth from 2024 onwards with a 2.5% premium growth rate. Government implementing technological initiatives to improve crop insurance accessibility and efficiency. Key Elements of the