The insurance technology sector received less investment for two consecutive years, 2022 and 2023, according to the Insurtech Global Outlook 2024, prepared by the consulting firm NTT DATA. "All of them are coexisting at the same time in the Mexican market, making investments and managing to continue growing, this is something very particular to the Mexican…
Insurtech
How AI and tech will impact insurers in 2025
A few key trends and developments are expected to define the insurance industry’s future.
Generative AI has led to constructive disruption in the insurance industry, helping streamline operations, enabling more tailored and profitable product offerings, improving fraud detection, and supporting faster, more informed policyholder services in policy and claims management.
Building vs buying an AI solution: What should insurtechs consider?
Insurtechs and insurers leveraging AI are considering whether to build or buy their solutions. What’s the best answer?
NEW YORK, Dec. 5– The Depository Trust and Clearing Corp., a provider of clearing and settlement services to the financial markets, issued the following news release:. New DTCC Survey highlights that 55% of respondents believe there is a high or very high chance of a high-impact systemic event in 2025. New York/ London/ Hong Kong/ Singapore/ Sydney, December 4, 2024- The…
Patrick T. McHenry, R- North Carolina, chairman of the House Financial Services Committee, issued the following news release:. Ahead of a hearing to examine how technology is shaping the future of finance, the Chairman of the House Financial Services Committee, Patrick McHenry, and Ranking Member Maxine Waters introduced two bipartisan measures highlighting…
Is there a winning AI strategy for insurers? IBM says yes
While generative AI can give insurers an advantage over competitors, the way they use it also matters, says IBM.
Deepfake detection software helping insurers fight fraud
The ease of creating convincing deepfake images and even videos is threatening to increase insurance fraud.
A.I. for life agents enables faster and more accurate field underwriting
Live from the ITC 2024 Vegas conference, InsuranceNewsNet Publisher Paul Feldman interviews leaders from Xcela, an AI-driven platform designed to simplify and accelerate the insurance sales and underwriting processes.
How A.I. is making life carriers faster, better, and more profitable
Live from ITC 2024 Vegas, InsuranceNewsNet Publisher Paul Feldman interviews Matthew Segreti, CTO of LIDP, a firm specializing in policy administration for life and annuity products.
Revolutionizing QA technology for carriers and insurtechs
Live from ITC Vegas, discover how Emtech is helping Insurance Companies and Insurtechs transform their QA their software projects faster and more efficiently than ever.
5 ways startups can survive insurtech’s ‘second wave’
As insurtech enters what’s being called its “second wave,” experts are suggesting companies target 5 key areas to sustain growth.
–BrokerTech Ventures, the world’s largest broker-led accelerator and insurtech community, announced today the addition of Leavitt Group as a partner. Leavitt Group, one of the nation’s largest privately held insurance brokers headquartered in Cedar City, Utah, joins 13 brokers and 14 carriers, wholesalers, and community partners to strengthen the vast BTV…
For the first time in the company's history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio- based parent company of Root Insurance founded in 2015 recorded third quarter net income of about $23 million compared to a net loss of about $46 million a year ago during the same period. For the year thus far, Root Inc. is also in the positive with net…
NEW YORK, NY, UNITED STATES, November 6, 2024/ EINPresswire.com/– MIC Global, a pioneering full-stack embedded micro insurance provider, is pleased to announce a new partnership with leading InsurTech company VOOM Insurance, to provide reinsurance to its rideshare business. This strategic collaboration aligns perfectly with MIC’ s mobility book and…
How insurers can reclaim value in the sharing economy
The innovations of companies like Uber, Lyft and Turo offer exciting options for consumers and small businesses, but they have also created complexity in the insurance space.
How insurers can tackle the cyber insurance risk of deepfakes
A legal expert is urging insurers to keep abreast of the risks associated with one of the most complex forms of cyber crime: deepfakes.
Insurers need to work fast to train employees on AI, or risk losing them
Having perfunctory skills in artificial intelligence is now “table stakes” for new hires in the insurance marketing world.
Cover Genius CEO: Partnerships, agility define the future of insurtech
The American insurtech landscape has entered a “second wave” that’s all about collaboration and partnerships, says the Cover Genius CEO.
