TLDR: Neptune Flood acquires Charles River Data to enhance AI-driven flood insurance solutions. The acquisition strengthens Neptune Flood’s Triton underwriting system with advanced data science and AI capabilities. Neptune Flood, the nation’s

Let’s see what’s in the news today. Farmers Edge and Saskatchewan Municipal Hail Insurance Partner to Enhance Hail Business Intelligence with InsurTech Tools WINNIPEG, Manitoba–(BUSINESS WIRE)–May 1, 2024– Read the original article

TLDR: CLARA Analytics and Origami Risk deepen partnership to fast-track AI adoption in the insurance industry. Integration between products aims to offer a seamless solution to help self-insurers, brokers, and carriers reduce

TLDR: QBE North America has launched a specialized Healthcare Liability practice to cater to the distinct needs of healthcare organizations. The practice, led by Senior Vice President John Livatino, offers a comprehensive

AI in InsurTech TLDR: AI could be a game-changer for InsurTech according to Andrew Johnston, global head at Gallagher Re InsurTech. In Q1, AI-centred InsurTechs accounted for 28% of all deals in

TLDR: Urban Jungle raised £11.2m in funding led by existing investors, including Sony Ventures. They have raised a total of £43.3m and aim to use technology to make insurance fairer and more

Let’s see what’s in the news today. Should insurers invest in becoming an IT organisation? As the world marches towards modernisation, industries across the board are facing the pressing question of how

TLDR: AI in the insurance industry has both benefits and risks. It can streamline manual tasks, improve underwriting accuracy, and enhance customer service. However, it also poses risks such as handling sensitive

TLDR: Microsoft Copilot for Microsoft 365 is redefining insurance by helping employees in key roles such as agents, brokers, claims employees, underwriters, financial advisors, leaders, and contact center representatives be more productive

Prudential to shut down Assurance TLDR: Prudential is shutting down Assurance, the insurance tech startup it acquired for $2.35 billion in 2019. This decision comes after a review of their businesses and