Technology
Kalepa’s Monasterio says £55m funding will aid its London presence
Kalepa’s CEO and co-founder Paul Monasterio said its latest investment will be used to enable “true” AI decision making in the London market where it plans to open an office in the coming months.
ManyPets calls for two-fold approach to agentic fraud
Fraudsters have been using agentic AI to obtain multiple quotes in large numbers and must be tackled by using firms own data as well as quarantine models said ManyPets’s chief data officer Pierre du Toit.
Amdocs buys EIS as insurtech giants consolidate
Major software and services provider Amdocs has entered the insurtech space by snapping up EIS for $340m (£250.14m) up-front, with further payments tied to the business achieving certain performance targets.
Axa’s Walker outlines growth models for next decade
Axa Insurance UK's CEO Jon Walker has urged insurers to engage in dialogue with the government and regulators to ensure “predictable and proportionate” regulation, plus identify at-risk SMEs to ensure growth.
Ageas’ Middle on using AI to make insurance accessible
The challenge and “exciting” opportunity for personal lines insurance will be using artificial intelligence to make coverage more accessible, said Ageas UK’s CEO Ant Middle.
From manual bordereaux to trading agility
From manual bordereaux to trading agility, insurance pricing can now change daily, but trading infrastructure hasn’t kept pace. This article explains why manual bordereaux must go and why it’s time to rethink the connection between brokers, MGAs and…
Addresscloud’s Varley says outdated AI data is a major risk
The impact of AI using outdated and poor-quality information could create far-reaching consequences regarding climate change-related events, according to Addresscloud’s co-founder and CEO Mark Varley.
Amazon on how insurers can get out of pilot purgatory
Insurers looking to move beyond proof-of-concept pilots must focus on customer problems, matching AI tools to specific tasks and establish clear guardrails, according to Terry Buechner, global head of insurance core system modernisation at Amazon Web…
Tokio Marine HCCI launches humanoid robot coverage
Tokio Marine HCC International and broker Adrian Flux are launching what they describe as the UK’s first domestic humanoid robot household insurance policy.
OpenAI reveals ‘strength and depth’ of security insurers need
Viyat Bhalodia, a member of the technical staff at ChatGPT creator OpenAI, has outlined the security controls insurers need when using artificial intelligence agents.
Ten insights from Sapiens Ignite: The future of AI in insurance
AI powered hyper-relevance is the new competitive advantage, but how can insurers make this a reality? This blog provides ten insights from Sapiens Ignite which recently took place in Nashville and highlights what the future holds for AI insurance.
Lloyds Bank picks Superscript for SME insurance
Lloyds Banking Group has selected digital insurance broker Superscript to provide business insurance to its small business customers.
Guidewire eyes AI agents as consumers of platform
Guidewire is “starting to think about AI agents as sort of first-party consumers of this platform,” according to CEO Mike Rosenbaum.
Guidewire pays £1.2bn for Hyperexponential
Guidewire is set to buy Hyperexponential for $1.7bn (£1.27bn), with $400m (£300.05m) more payable if recurring revenue targets are hit, as it looks to ‘define’ the use of artificial intelligence in underwriting.
CFC's agentic underwriter cuts submission costs 'tenfold'
CFC’s first agentic underwriting system has returned tenfold cost savings, according to the specialist insurer.
60 Seconds With… LexisNexis’s Carla McDonald
Carla McDonald, director for product management and claims at LexisNexis Risk Solutions, hates ironing, likes to dance to Tina Turner’s Simply the Best, and can’t live without her family.
Marrow progresses in ChatGPT race amid regulatory concerns
Firms need AI that can deal with regulatory concerns to succeed in the new “agent economy”, according to Marrow’s co-founder and CEO Tim Graham, as the platform completes its pre-seed round.
Artificial’s King encourages AI context-switching workers
Potential increased tokenisation costs will mean human workers who can context-switch with AI and be used at scale will become very important to the industry, says Artificial’s co-CEO David King.
First Central launches agentic AI motor proposition with Microsoft
First Central has launched Motivo, an agentic AI-powered motor insurance proposition, developed with Microsoft.
What will the insurance policy of the future look like?
Examining the role of agentic AI in tomorrow's underwriting process
How can AI fast track insurance claims?
How artificial intelligence is reshaping claims experiences is examined in the latest Insurance Post Podcast, sponsored by RDT.