Tags: Insurance Industry
Munich Re Acquires Next Insurance for $2.6 Billion: A Major Move in Insurtech
Germany’s Munich Re has announced its acquisition of Next Insurance, a Palo Alto-based digital insurance provider, for $2.6 billion. Founded in 2016, Next Insurance specializes…
Boosting Cyber Resilience: Urgent Call for the Insurance Industry to Combat Evolving Threats
In response to rising cyber threats, leaders in insurance and cybersecurity are urging the industry to enhance cyber resilience. A recent roundtable by Intersys highlighted…
Nirvana Insurance Secures $80M in Series C Funding, Approaching $850M Valuation Milestone
Nirvana Insurance, an AI-driven commercial trucking insurer based in California, has raised US$80 million in a Series C funding round, boosting its valuation to approximately…
Smartpay and Chubb Join Forces to Revolutionize Embedded Insurance in Japan
Smartpay Corporation has partnered with Chubb Insurance Japan to launch innovative embedded insurance products, aiming to modernize the insurance sector in Japan. This collaboration seeks…
Revolutionizing Insurance: Why 80% of Executives Are Embracing AI for Business Growth
A Goldman Sachs Asset Management survey of 359 senior insurance professionals reveals increasing adoption of artificial intelligence (AI) in the industry. The survey shows that…
Unraveling the Cyber Insurance Crisis: How AI-Powered Attacks Are Shattering Coverage and What the Future Holds
The demand for cybersecurity insurance has surged in response to increasing cyber threats, particularly due to advancements in artificial intelligence (AI) that enhance the sophistication…
Unlocking Competitive Edge: Why Insurers Must Harness AI by 2025
The insurance industry is undergoing a major transformation driven by Artificial Intelligence (AI), particularly Agentic AI, as we approach 2025. This technology enhances operations and…
HDI Global Unveils Innovative Environmental Liability Insurance Line in the US Market
HDI Global Insurance Company (HGIC) has launched a new line of environmental liability products to address the rising demand for environmental, social, and governance (ESG)…
Brooks Insurance Boosts Underwriting Division with Strategic Key Hire
Brooks Insurance, a leading wholesale insurance brokerage, has appointed Tiffani Ann Garabedian as senior vice president of underwriting to enhance its underwriting capabilities and program…
Generali and MIT Join Forces to Revolutionize AI Innovation in the Insurance Industry
Generali has partnered with MIT’s Laboratory for Information and Decision Systems (LIDS) to leverage Artificial Intelligence (AI) in the insurance sector, starting in January 2025.…
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