In an ambitious bid to dominate the regulatory technology sector, Corlytics has embarked on a significant expansion into the North American market. Armed with substantial investment backing from Verdane and a series of high-profile acquisitions, the company is poised to solidify its footprint in
The issue of insurance fraud has been thrust into the spotlight by Kwaku Yeboah-Asuamah, CEO of MiLife Insurance Company, who warns that these deceitful actions pose a significant threat to the entire industry. Fraudulent claims not only siphon resources away from legitimate cases but also
The United States faces a growing challenge in securing affordable flood insurance as severe weather events become more frequent due to climate change. Flooding no longer threatens only coastal areas but increasingly impacts urban and inland regions. The result is a widening insurance protection
In a move that could redefine the digital insurance landscape, Munich Re Specialty has decided to sell GJW Direct, a venerable non-commercial marine insurance specialist, to the burgeoning digital managing general agent, Ripe. This acquisition marks Ripe’s second major deal within the past year, u
Artificial intelligence (AI) is dramatically reshaping various industries with its far-reaching capabilities, and the insurance sector is no exception. Among the many insurance processes experiencing significant transformation, underwriting stands out as one of the most profoundly impacted.
In a noteworthy development that underscores the growing digitization trend within the insurance industry, the pan-African AXIAN Group has acquired a significant stake in Ivorian insurtech startup WiASSUR through its subsidiary, AXIAN Investment. Although the financial terms of this transaction
In March 2023, the InsurTech Association (ITA) was founded with the mission to foster innovation within the insurtech industry in the United States. Within a mere 18 months, the ITA has seen phenomenal growth, reaching over 125 members, more than 80% of which are corporate entities. This astounding
The Car Insurance Fraud Detection Software Market is witnessing significant global growth, driven by a range of factors that highlight its importance. From 2024 to 2032, this market is expected to see substantial increases in share, size, and revenue, driven by the rising necessity for advanced
Ledger Investing has successfully secured and launched a $100 million casualty sidecar for a global reinsurer, marking a significant milestone for the company. This funding will support Ledger’s casualty reinsurance business across three underwriting years on a quota-share basis. The development u
Principal Financial Group (PFG) has long been a cornerstone in the financial sector, renowned for its dedication to customer satisfaction, security, and privacy. With the increasing prevalence of cyber threats and the ever-evolving landscape of data privacy regulations, PFG’s commitment to these a
