Upgrading or changing legacy platforms and enterprise software can be a nightmare to disentangle, particularly when dealing with existing operating systems, data storage, and payment processing software. When planning an upgrade, there have historically only been two options: Buy pre-made …
Sayata Unveils AI-Powered Risk Engine That Flags High-Risk Accounts Sayata has launched the Sayata Risk Engine, an AI-powered platform that uses sophisticated AI to flag specific high-risk accounts expected to drive up loss ratios. Sayata’s Risk Engine’s SmartExtrapolation technology uses …
Verisk, the Jersey City, New Jersey-based data analytics and technology provider, has launched a suite of next generation catastrophe models. Verisk’s suite of 100+ Next Generation Models (NGM) is designed to help insurers and reinsurers evaluate risk across the globe, …
Executive Summary: Specialty insurance has experienced significant growth in recent years. Greg Gaydos, senior business development executive at Zywave, looks at the reasons and advises how to best take advantage of its wealth of opportunities. The excess and surplus lines …
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 …
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 …
Chubb announced a collaboration with NetSPI, a global provider proactive security. The pairing is designed to strengthen clients’ cyber-risk profiles with enhanced attack surface management and penetration testing solutions. According to a press release, Chubb policyholders in the U.S. and …
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 …
WTW, the global advisory, broking and solutions company, announced the global launch of Neuron, a sophisticated digital insurance platform. Neuron uses cutting-edge technology to help underwriters and brokers connect and trade more easily, improving the speed and cost of doing …
Senate Majority Leader Chuck Schumer said Thursday he had launched an effort to establish rules on artificial intelligence to address national security and education concerns, as use of programs like ChatGPT becomes widespread. Schumer, a Democrat, said in a statement …
