United Kingdom (UK)
mea appoints UK managing director to drive UK growth
mea, the AI-powered processing platform for the global insurance industry, has announced the appointment of Graeme Asquith as UK managing director.
SynID to help insurers digitally approve more genuine customers
Synectics Solutions has launched SynID, a tool to help insurers verify the identity of customers in real-time. The tool is expected to help insurers approve more genuine customers and reduce fraud.
Fadata unveils new SaaS for insurers strategy
Fadata, a core insurance platform provider, has announced a new SaaS strategy to become a leading provider of cloud-based insurance software.
Aon launches new insurance solution for financial institutions
Aon plc, a leading global professional services firm, has launched a new insurance solution for financial institutions (FIs) called FI Protect 360.
ClimateTech spinout Previsico raises $2.4m in funding to boost growth in the US and Europe
Previsico, a UK-based climate technology company that provides live flood forecasting solutions, has raised $2.4m in a new funding round led by VC investor 24Haymarket and supported by the Foresight Group.
Velocity expands specialty insurance platform with Insight Risk acquisition
Velocity HoldCo, LLC, a US-based insurance holding company, has acquired a majority stake in Insight Risk Technologies, LLC, a technology-focused MGA in the builder's risk market.
AXA Commercial uses AI to identify RAAC-affected buildings
AXA Commercial has used artificial intelligence (AI) to identify buildings that may be affected by reinforced autoclaved aerated concrete (RAAC).
New catastrophe models to help insurers assess risk and support growth of offshore wind
McGill and Partners, a renowned global boutique specialist (re)insurance broker, has teamed up with Renew Risk, a leading risk analytics SaaS provider, to develop bespoke catastrophe models tailored for offshore wind portfolios.
Allianz Trade joins Trade Finance Distribution Initiative
Allianz Trade, a leading trade credit insurer, has joined the Trade Finance Distribution Initiative (TFD Initiative) as a member.
Send recognised as a leader in commercial insurance software
Send Technology Solutions Ltd (Send), a leading provider of cloud-based commercial insurance software solutions, has been named a Leader in the IDC MarketScape: Worldwide P&C Intelligent Underwriting Workbench Applications 2023 Vendor Assessment.
Markel boosts underwriting productivity by 113% with Cytora partnership
Markel, a leading speciality insurer, has announced a 113% increase in underwriting productivity following its partnership with insurtech firm Cytora.
NEXT Insurance's Coverage Builder: empowering agents to tailor coverage to the needs of small businesses
NEXT Insurance, a digital insurer for small businesses, has launched a new tool called Coverage Builder, which enables insurance agents to tailor coverage quotes to the specific needs of their small business clients.
Alchemy Technology Services acquires r10 Consulting, strengthening its position in the insurance sector
Alchemy Technology Services, a leading global provider of specialised IT services and solutions for the insurance and financial sectors, has announced its acquisition of r10 Consulting, a London-based management consultancy specialising in the insurance…
Origami Risk elevates executives to drive growth in core solutions
Origami Risk, a leading Software as a Service (SaaS) technology company specialising in risk, safety, and insurance solutions, has announced significant executive appointments within its Core Solutions division.
Outra launches new predictive data tools to help businesses target new customers
Data science company Outra has launched a new suite of data products that predicts when people are likely to move home and the impact of this on their purchasing choices.
UK insurtech Stoïk secures $10.7m in funding
In a significant development for the UK insurtech sector, Stoïk, a leading player in the industry, has successfully secured $10.7m in new funding.
Conduit Re takes the road to pricing decision intelligence with hyperexponential
Conduit Re, the Bermuda-based global reinsurer, has achieved end-to-end underwriting with pricing decision intelligence (PDI) leader hyperexponential.
AI in insurance: Customers value trust and transparency over speed
A new survey, conducted by claims automation insurtech Sprout.ai in collaboration with YouGov, polled over 4,400 UK and US consumers.
PwC UK and Clearspeed Inc. announce alliance to combat fraud
PwC UK, a leading professional services firm, announced an alliance with Clearspeed Inc., a provider of voice analytics technology for accurate, automated risk assessment at scale.
British data scientist survey: External data key to success, but poor quality remains a challenge
A new survey of data scientists, including those in the insurtech sector, has found that the vast majority have significantly improved their model results using external data.
NAVEX to open new London office
NAVEX, a provider of integrated risk and compliance management solutions, has announced plans to open a new office in London.
Ignite Insurance Systems increases staff headcount by more than a third
Ignite Insurance Systems (Ignite), the policy administration software house, has increased its overall staff headcount by 40% in the last nine months in response to continued business growth and service demand.
Chubb launches Lloyd's lithium battery consortium
Chubb has launched a new Lloyd's of London consortium to provide insurance coverage for risks associated with the transit and storage of lithium batteries.
Melissa Collett appointed as CEO of Insurtech UK
Insurtech UK, a prominent insurtech trade association, has named Melissa Collett its inaugural chief executive officer (CEO).