insurance technology News

Tech Update: Vertafore Delivers Policy Binding in its Personal Lines Rater; Amwins’ Online Marketplace Provides Bindable Quotes From Multiple Carriers

Vertafore Delivers Policy Binding in Personal Lines Rater Vertafore, headquartered in Denver, launched the industry’s first bind capability within a personal lines rater. Vertafore’s personal lines rating and quoting platform, PL Rating, enables independent agencies to quickly find and bind …

Tech Update: Aon Launches Climate Risk Monitor to Aid Risk Mgmt, Renewal Decisions

Insurance broker Aon plc has launched its Climate Risk Monitor, a tool that helps clients visualize and understand their exposures to physical climate risk in order to enable better business decisions. The property insurance market is increasingly influenced by climate-related …

Tech Update: Hiscox London Mkt, Google Collaborate to Boost Underwriting With AI

Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the London market insurance industry. The collaboration combines Hiscox London Market’s recently built technology platform, Hiscox AI Laboratories (Hailo) with Google …

Tech Update: AXA XL Launches Virtual Reality Training Solution for Risk Managers

AXA XL Risk Consulting announced the launch of AXA Immersive Solutions, an innovative training solution leveraging virtual reality (VR) and digital twin technologies. AXA Immersive Solutions gives AXA XL’s risk consultants access to a 3D model of a standard factory …

Tech Update: Re/Insurance Communications Platform ‘fuse’ Launches

A communications platform called “fuse” has been launched for the global commercial insurance and reinsurance industry. Fuse promises retail, wholesale and reinsurance brokers, insureds, insurers and reinsurers a web-based platform to connect and speed re/insurance transactions to placement. Available 24/7, …

Insurance Technology: Embroker Partners with Dashlane and Cowbell; Betterview and EagleView Launch Property Intelligence Alliance

Embroker announced a partnership with password-management provider Dashlane and cyber insurer Cowbell to increase customer security and expand cyber liability coverage. “Through Cowbell and Dashlane, we are not only able to support our customers in the event of a cyber …

InsurTech NY Accepting Applications for Digital MGA Lab

InsurTech NY has opened its application window for its Digital Managing General Agency (MGA) Lab. Applications for the cohort will be accepted through July 15. InsurTech NY brings together carriers, brokers, investors, and insurtech startups for educational conferences, a competition, …

Insurance Software on the Block as Private Equity Looks to Cash In

European buyout houses Montagu Private Equity and Astorg Partners are preparing to hang the “for sale” sign on their UK insurance software investments, hoping to woo insurers and fellow private capital funds with their technology. Montagu is exploring a sale …

Chubb to Launch Technology Hub in Thessaloniki, Greece

Property/casualty insurer Chubb announced it will launch a new technology services center in Thessaloniki, Greece, in early 2023, aiming to deliver innovative technologies that enhance the customer experience, increase efficiency and accelerate the company’s digital transformation. Technical engineers and developers …

Tech Update: Risk Solved and expert.ai Offer Language-to-Data Solution for Insurers; Zurich Insurance Launches Global API Marketplace

Risk Solved and expert.ai Offer for Language-to-Data Solution for Insurers Risk Solved Ltd, a global risk management platform provider, and expert.ai, an artificial intelligence (AI) specialist in natural language understanding, have announced a partnership to deliver a language-to-data solution for …