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Insurtech

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Insurers need to work fast to train employees on AI, or risk losing them

October 31, 2024 Top Stories No comments.
Image shows several cartoon snippets related to AI.
Artificial intelligence is changing the insurance industry dramatically.

Having perfunctory skills in artificial intelligence is now “table stakes” for new hires in the insurance marketing world.

Read more
October 30, 2024
Angus McDonald, Cover Genius CEO
Angus McDonald, Cover Genius CEO

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.

Prudential partners with Insurtech 123Seguro to serve customers in Latin America

October 29, 2024

Prudential Financial, a financial services company, issued the following news:. Prudential Financial, Inc., a global financial services leader, has announced a strategic partnership with 123 Seguro, a leader in digital insurance transformation in Latin America and one of the region's largest digital insurance platforms. Beginning in 2024, Prudential and…

October 24, 2024

AI-driven solutions to overcome insurance industry hurdles

A new wave of AI-enabled tools and platforms offers a powerful solution to help insurers enhance operational efficiency.

October 22, 2024
Image shows a cell phone and social media scenes
Critics say social media sites like TikTok are spreading misinformation about life insurance.

TikTok, YouTube videos mislead viewers on life insurance, critics say

The proliferation of so-called “financial experts” using half-truths and polished scripts to peddle life insurance on TikTok and YouTube is concerning to many in the industry.

October 16, 2024
Image shows a line of people and the Haven Technologies logo.
MassMutual is shuttering Haven Technologies.

MassMutual to shut down insurtech subsidiary as Haven brand fades

Massachusetts Mutual Life Insurance Co. is folding its insurtech subsidiary Haven Technologies at the end of the year.

October 15, 2024
Illustration of a precision measuring tool with the letters "EXL" overlapping. NVIDIA-partner-EXL-develop-most-accurate-insurance-AI-model.

EXL, NVIDIA develop ‘most accurate’ AI insurance model

A US-based data solutions provider has begun rolling out a unique artificial intelligence model built specifically for the insurance industry.

October 14, 2024
Photo illustration of a large rusty, old metal dollar sign against a backdrop of junk. Junk-fees-crackdown-a-win-win-for-insurtechs-expert-says.

‘Junk fees’ crackdown a ‘win-win’ for insurtechs, expert says

Insurtechs should view a “junk fees” crackdown as an opportunity to show value and establish trust, Cover Genius CRO says.

October 11, 2024
Illustration of a small robot asking "How can I help you?" dawn-of-a-new-era-Insurance-chatbot-industry-to-hit-45B-by-2032.

‘Dawn of a new era’: Insurance chatbot industry to hit $4.5B by 2032

The global insurance chatbot market has experienced enormous growth and is expected to hit nearly $4.5 billion by 2032.

Insurtech market could reach over US$ 150 billion by 2030

October 10, 2024

According to a report by research firm Grand View Research, this segment is expected to grow by 52.7% annually between 2023 and 2030, and reach revenues of US$ 152.43 million during this period. "The trend is for insurance companies, brokers and policyholders to increasingly adopt technologies to improve operational efficiency, enhancing experiences and…

FintechZoom.com Explains Insurtech: Impact and Future

October 9, 2024

Insurtech Market: An Overview of the Current Trends, Industry Analysis & Opportunities, and Forecast (2021–2030)

October 9, 2024

An Overview of the Insurtech Market: Current Trends, Industry Analysis& Opportunities, and Forecast. NEW CASTLE, DE, UNITED STATES, October 9, 2024/ EINPresswire.com/– Allied Market Research recently released a report focuses on the“ Insurtech Market.” According to the research report, the global insurtech sector is predicted to gain a revenue of $158,994.52…

Seventh annual InsurTech100 names the companies transforming the insurance industry

October 9, 2024

FinTech Global has released the new edition of its InsurTech100 list, highlighting the top innovators addressing the critical challenges facing insurers. To compile the list, a panel of seasoned analysts and industry veterans meticulously reviewed over 2,100 nominations presented by FinTech Global. Each application was assessed on its ability to…

BriteCore Recognized as an InsurTech 100 Company

October 9, 2024

–BriteCore, the leading cloud-native core insurance platform for Property& Casualty insurance providers, is proud to announce its been named to the 2024 InsurTech100, Fintech Global's annual list of the world's most innovative insurance technology companies. “We are thrilled to recognize BriteCore as part of this year's InsurTech100,” said Richard Sachar,…

Hexure Named to the InsurTech100 List for the Second Time

October 9, 2024

Hexure, a provider of sales and regulatory automation solutions for the life and annuity industry, announced it has been named to the FinTech Global 2024 InsurTech100 list. Selected by a panel of esteemed industry experts and analysts, the InsurTech100 is an annual recognition of the top 100 most forward-thinking companies worldwide at the forefront of…

October 3, 2024
Photo illustration of a robot battling with a suspicious looking dark figure. How-one-AI-solution-is-helping-to-tackle-insurance-fraud.

How one AI solution is aiming to help tackle insurance fraud

One California-based data company is hoping its AI technology can be used to help fight insurance fraud across the industry.

October 2, 2024
Graphic illustration of a person watching financial information graphs on a computer. Interest-rates-AI-usage-among-factors-to-drive-whole-life-insurance-growth.

Interest rates, AI usage among factors to drive whole life insurance growth

LIMRA discusses the factors that will drive life insurance growth, as well as some challenges for carriers and agents.

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