InsurTech stories - Page 3

IMS will power Motability's new Drive Smart app, using telematics to monitor under-30s' driving and help manage rising insurance costs.

Instabase appoints Omkar Pendse to spearhead product and technology as it doubles down on AI workflow automation after $100 million raise.

Wakam UK promotes Philip Ward to Group CFO as its UK portfolio hits GBP £400 million, backed by a 197% solvency ratio and strong partner scores.

WTW links its Radar platform with Databricks to cut insurer data turnaround to minutes and tighten governance on pricing and analytics work.

UK bank Griffin posts fivefold revenue surge as it processes GBP £3 billion in payments and signs more than 50 platform customers.

First Connect's digital insurance marketplace tops USD $500m in GWP, fuelled by rising demand from independent agents and carriers.

Wialon has added Lytx AI dashcams to its platform, bringing video-based safety and monitoring tools to 4 million connected vehicles.

Royal London Asset Management adopts Seismic's AI-driven platform to streamline client content, boost productivity and tighten compliance controls.

Aviva extends its tech pact with TCS, shifting another 1.1m UK life policies onto the BaNCS platform to streamline service and costs.

Finance leaders hail AI as core to strategy, yet fewer than half have scaled it beyond pilots amid legacy, skills and leadership hurdles.

UK motorists cling to older, cheaper cars and shop around less for cover as easing premiums and cost pressures dampen insurer switching.

Solera launches a global circularity consortium to unite insurers and mobility players on shared decarbonisation and circular economy goals.

As embedded finance reshapes digital platforms, Dwolla argues only security-first infrastructure can truly earn and sustain customer trust.

Guidewire unveils Olos, a cloud release unifying pricing, underwriting and workers' comp with agentic AI to speed rate changes and decisions.

Rapid7 and HITRUST link attack surface monitoring with HITRUST controls to automate continuous compliance and cut manual audit workload.

The Solera Foundation celebrates a year of advancing women's leadership in insurance, expanding its global network across Latin America and Asia-Pacific.

Insurtech firm CDL speeds up agentic AI rollout using Dynatrace's platform, cutting costs and enabling policy issuance within seconds for improved customer satisfaction.

Insurers must overhaul legacy systems and embrace AI-driven data to boost speed, transparency, and risk assessment in the evolving insurance landscape.

Insurtech firms must curb overblown AI claims, balancing innovation with regulatory compliance to avoid risking insurer reputations and finances.

By 2026, insurance firms with robust API infrastructure will lead the market, enabling seamless AI integration across pricing, claims, and customer services.