One could hardly discuss the global insurance sector without acknowledging the profound impact of technological advancements. These developments have transformed various facets of the industry, driving operational efficiency, fostering innovative offerings, and improving risk management practices.
The traditional workflows of the insurance industry have often faced criticism for their outdated systems and administrative burdens. Mike Witte aims to address these issues through his new startup, Equal Parts, which seeks to revolutionize this sector with the integration of artificial
The rise in electric vehicle (EV) ownership has brought not only environmental benefits but also new challenges for the insurance industry, particularly concerning vehicle replacements. As an increasing number of drivers make the switch from internal combustion engine (ICE) vehicles to EVs,
Recent findings by ZestyAI, specializing in AI-driven risk analytics for the insurance industry, have revealed that over 12.6 million U.S. properties are at high risk of hail-related roof damage. This potential threat translates to an estimated $189.5 billion in replacement costs, emphasizing the
Belgian insurer Ageas has strengthened its foothold in the UK personal lines insurance market by acquiring Esure from Bain Capital for nearly £1.3 billion. This strategic acquisition is expected to make Ageas the UK's third-largest personal lines insurer. The deal forms part of Ageas’s Elevate27
Embri, an embedded insurance platform, has launched a crowdfunding campaign on Crowdcube to accelerate its growth in the embedded insurance marketplace. This funding round, which is currently in early access and opens to the public at the end of April, aims to support Embri’s expansion across the
