News – Page 2
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Insurance Times Advent Calendar: Ed Gaze
For the 13th day of advent, Ed Gaze, chief executive at Innovative Risk Labs, names his personal highlight of 2024 and why optimism should be on the cards for 2025.
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Insurance Times Advent Calendar: Mark Huxley
For the 12th day of advent, Mark Huxley, founder of Huxley Advisory and immediate past master at The Company of Entrepreneurs, discusses insurtechs and what two things he would like to see in 2025
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Uinsure names new chief technology officer
’He’s been an instrumental force behind the scenes,’ says group managing director
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Google urges insurers to tap YouTube for better customer connections
’Insurers and price comparison businesses are able to tell their stories with creative freedom with a multiformat approach,’ says managing director of financial services
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Geospatial analytics insurtech appoints chief revenue officer to lead European expansion
The new appointee will be based in London to support growth agenda
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Watch: Insurance firm’s go at classic heart warming Christmas advert
’I wanted to tell a story that I knew would resonate within the industry,’ says vice president of marketing
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Policy Expert targets £500m GWP as capacity deal announced
’We are delighted to agree this multiyear deal,’ says chief executive
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Generative AI-backed predictive modelling underpins market ‘overperformers’ – Guidewire
’Generative AI [is] able to get all that unstructured data and make structured elements – [it] fuels the ability to create models,’ says senior vice-president
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Small business insurtech announces new PI product
’We want to unite UK businesses to help them grow and share in our profits,’ says chief executive
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AI helping insurers cover losses more proactively – Guidewire
New technology is making ’insurance more transparent, accessible and easier to understand [for] consumers’, says director
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AI helping underwriters spend more time in-person with brokers
’AI can help firms gain a competitive edge by removing admin from the underwriter, so they can spend more time in meaningful discussion,’ says managing director
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Guidewire to update platform to help firms streamline claims management
’Guidewire’s AI powered applications will help insurers improve risk selection and pricing,’ says chief executive
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Venture capital funding for insurtechs projected to hit $4.2bn by end of 2024
There is ’a positive rebound’ for VC-backed insurtechs, with ’series B funding picking up’, says chief executive
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Backchat: November 2024
A mummified cat, a third birthday, a golden retriever and a new video series on reinvention. What has the insurance industry been up to of late? You heard it here first…
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Optalitix inks new partnership to help underwriters
’Having worked in insurance pricing for over 30 years, I realise the importance of underwriting for the industry,’ says co-founder
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Quantee inks long-term deal to help insurer with pet pricing
’There is a responsibility and regulatory requirement from insurers to provide fair pricing to the consumer and to be transparent,’ says director
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AI focused firms secured majority of insurtech funding in Q3 2024 – Gallagher Re
The quarter has seen a ’shift towards a more even distribution of capital, reflecting a maturing and stabilising industry,’ says global head of insurtech
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Axa UK inks deal to boost female representation in data and technology roles
’This collaboration means we can create more opportunities for women in data roles,’ says head
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Earnix inks deal to help insurance firms deliver more personalised products
’Earnix recognises the potential for growth and innovation in the UK insurance market,’ says head of business development
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Insurance industry ‘right on the cusp’ of using AI for improved underwriting judgement
’A drive in productivity and improved judgement just allows us to insure more,’ says chief executive