Underwriting

It's launching its Risk Exchange platform as a marketplace to connect underwriters with risk capital, including from institutional investors and insurance companies.

Groundspeed Analytics was seeking to raise venture capital funding when Insurance Quantified made the initial contact.

Baldwin Risk Partners has launched "Centers of Excellence"

Sessions held throughout Dig-In 2023 with panelists from insurers such as New York Life, Arch Insurance and CSAA Insurance Group discussed the importance of technology in insurance and how to use data effectively.

The MGA market in the P&C insurance industry is experiencing significant changes, driven by trends such as growth in the excess and surplus space, prioritizing speed to response over speed to market, and the emergence of parametric insurance.

The technologies safeguard insurers' ability to understand historical data and remotely apply those insights to risk modeling and underwriting.

There are other less obvious ways underwriters can use the technology, but one area is field underwriting.

Generative AI could further enhance automation of previously manual or even legacy technology processes.

Spun off from auto and home insurtech Cover, the blockchain-based reinsurance platform logs $35 million in coverage year-to-date

The system created by Nationwide and Generali was recently recognized for the 2023 Celent Model Insurer award for Digital and Emerging Technologies.