Artificial Intelligence

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News

Generative AI-backed predictive modelling underpins market ‘overperformers’ – Guidewire

2024-11-28T15:00:00+00:00By

’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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News Analysis

Briefing: Technology innovation once again raises London’s transformation hopes

2024-11-27T09:00:00+00:00By

Data driven underwriting is set to become ‘fundamental part of Lloyd’s future’, says membership organisation

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News

AI helping insurers cover losses more proactively – Guidewire

2024-11-26T13:45:00+00:00By

New technology is making ’insurance more transparent, accessible and easier to understand [for] consumers’, says director

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News Analysis

The complexity of business interruption insurance – and why innovation is lagging behind

2024-11-25T08:00:00+00:00By

Technology has already improved ‘low-hanging fruit’ problem areas, but now it is time to aim a little higher with AI tools, to better support claims handlers and end customers with detailed BI claims

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News

AI helping underwriters spend more time in-person with brokers

2024-11-22T08:17:00+00:00By

’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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News Analysis

Briefing: Data reform bill treads privacy fine line, but insurer opportunities ahead

2024-11-20T09:00:00+00:00By

New data access bill has the power to ’drive efficiency and economic benefits’, says head of analytics, claims and underwriting

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News

Guidewire to update platform to help firms streamline claims management

2024-11-19T14:00:00+00:00By

’Guidewire’s AI powered applications will help insurers improve risk selection and pricing,’ says chief executive

money startups

News

Venture capital funding for insurtechs projected to hit $4.2bn by end of 2024

2024-11-18T13:38:00+00:00By

There is ’a positive rebound’ for VC-backed insurtechs, with ’series B funding picking up’, says chief executive

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Sponsored Content

How brokers can get the most from generative AI – Open GI

2024-11-14T15:00:00+00:00By Peter Hunter

Generative artificial intelligence (AI) has been an industry hot topic since ChatGPT was born in 2022, but how can brokers harness the technology to grow their businesses? Peter Hunter, head of research and development at Open GI, shares his top tips

Chris Barclay chief commercial officer Superscript

IT Awards 2024

Insurance Times Awards 2024: Superscript’s proprietary AI platform provides agents with usable data in just two seconds

2024-11-13T15:00:00+00:00By Insurance Times

Chris Barclay, chief commercial officer at Superscript, talks about the company’s submission for the Excellence in Technology – Broker award

Funding UK

News

AI focused firms secured majority of insurtech funding in Q3 2024 – Gallagher Re

2024-11-11T12:00:00+00:00By

The quarter has seen a ’shift towards a more even distribution of capital, reflecting a maturing and stabilising industry,’ says global head of insurtech

Ollie Davies, Operations Director at SBS

IT Awards 2024

Insurance Times Awards 2024: SBS Claims driving ‘technological advancement’ to save claim handlers 800 hours a month

2024-11-08T12:21:00+00:00By Insurance Times

Ollie Davies, operations director at SBS, talks about the firm’s entry for the Excellence in Claims Technology – Claims Management Service Provider award

race to the top, battle, relevancy, MGAs

News Analysis

MGAs take up tech tools in battle for relevancy

2024-11-06T08:00:00+00:00By

‘Without innovation, an MGA offers no differentiation’, says chief executive – but how are these firms tapping into technology to stay ahead of the competition?

Nik Ellis

IT Interview

Nik Ellis: Tech Champion prize celebrates ‘edgy’ firm that is not afraid of failure

2024-11-04T08:00:00+00:00By Tim Evershed

Managing director says that to stay at the forefront of technology innovation and implementation, businesses must be ‘prepared to evolve’ and have ‘the nerve’ to try new things

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Insurtech 50 cover

In 2023 we launched our inaugural Insurtech 50 report, produced exclusively by Insurance Times and based on data provided by business management consultancy Oxbow Partners.

This report collates a portfolio of the 50 most innovative UKGI insurtechs that insurers and brokers should have on their partnership radar, based on specific criteria defined by Insurance Times to reflect the needs and interests of our readership.

Read the report