Insurtech – Page 2
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News
Global insurtech funding surges in Q2 2024 – Gallagher Re
’This year’s emphasis on AI will assist businesses in navigating the challenging process of comprehending the fundamentals of AI,’ says global head of insurtech
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Recorder appoints ex-CFC leader as head of insurance amid continued expansion
’Her subject matter expertise and extensive network within the London insurance market will undoubtedly help Recorder to accelerate its mission of delivering more commercial insurance products via APIs,’ says co-founder
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Wrisk reports 219% year-on-year growth in H1 2024
’Our figures for 2024 are testament to our ethos of continuous improvement,’ says chief executive
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Percayso inks partnership with UK aggregator for vehicle pricing
’We are constantly searching for innovations that improve our efficiency,’ says founder
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Insurtech to expand underwriting footprint after Aviva and Prestige deal
’We’ve built up a good amount of data and we’ve been able to demonstrate over the last five years that we can underwrite with the right level of caution,’ says chief executive
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Ondo reports revenue increase and continued UK growth
’Our focus in [financial year 2025] remains top line growth, driving towards cash flow break even by the end of the financial year,’ says chief executive
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Altus opens London headquarters as it looks to grow insurance arm
’Having recruited significantly in London over the last two years we have outgrown our previous offices,’ says chief executive
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Recorder aims to give brokers ‘competitive edge’ with AI platform
Brokers should not restrict themselves to collaborating with just one tech provider – insurtech chief commercial officer says its ability to ‘play nicely’ with other software firms can benefit brokers
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Cytora inks deal to help insurers with commercial property risk assessment
’This integration will enable insurers to perform more accurate risk evaluations,’ says chief operations officer
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Lemonade expands Aviva partnership with new UK offering
’The UK has proven to be an exciting market for us with a large digitally-savvy population who appreciate an easy, personalised experience,’ says chief executive
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News Analysis
Briefing: Addressing the insurance technology skills gap bottleneck after Girls in Tech bids farewell
’While the recent closures are a shame, it might also provide our industry and other sectors the opportunity to rethink how we work together to bring women together,’ says chief evangelist
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Insurtech bosses respond to closure of Girls in Tech
’Trying to get women into tech and recruit senior women is only possible if there’s younger girls coming in,’ says chief executive
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News Analysis
Labour’s AI strategy – and its potential impact on insurance
’The balance between fostering responsible AI development and hindering innovation is critical’ when it comes to new regulation, says chief technology officer
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ABI and Insurtech UK agree MoU to ‘connect the dots’ between ‘best of technology’
‘Innovation and harnessing the best of technology is crucial to maintaining our sector’s competitive edge,’ says director general
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Ripe appoints new head of M&A
’This appointment reflects the importance of M&A in our future expansion plans,’ says chief executive
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News Analysis
TechTalk: Brain drain hits claims sector – but will AI hamper the hiring of new talent?
With artificial intelligence doing tasks typically assigned to entry level starters, how is this impacting career routes and talent in claims? Insurance Times explores the issue…
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RightIndem names new chief strategy officer
’It’s a well-deserved achievement,’ says chief executive
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Acini inks embedded cycling insurance partnership
’By embedding insurance into bicycle purchases, there’s an opportunity to promote safety among cyclists,’ says co–founder
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Supercede completes $15m funding round to further develop platform
’We are not just building a company – we are shaping the future of reinsurance,’ says chief executive
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Insurtech enters trade credit market with policy launch
’We’re looking forward to working closely alongside both new and existing broker partners to discover opportunities to expand the market,’ says chief underwriting officer