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Underwriting

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.

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.

Top 100 UK Insurers 2026: Axa

Axa remains in ninth place on this year’s Top 100 UK Insurers list, after combining its retail and commercial arms under a single structure earlier this year.

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