Any conversation about the evolution of the insurance industry must start with digitalization. Nevertheless, digitalization is a pretty nebulous concept that might mean different things to different insurance organizations as they attempt to fulfill the demands of the modern consumer. As part of the Professional InsurTech Certificate programme, a number of industry experts talked about the impact that digitalization is playing in the insurance sector.
The hiring of industry veteran Jason Van as its new CEO has been announced by AutoSettle, an Australian platform for automotive transactions situated in New South Wales.
Leading supplier of real-time automobile lienholder, registration, and title data systems, Yotta Automated Software systems Inc. (YASSI), has joined Guidewire's InsurTech Vanguards program.
A leader in Digital Communications Governance (DCG) & Compliance, Theta Lake, has unveiled a number of new product developments aimed at meeting changing client needs.
In the insurance sector, the transition from manual to automated systems represents a major advancement in accuracy and efficiency. This shift has opened the door for a new era in insurance operations and was motivated by the need to get past the drawbacks of conventional underwriting techniques. At the front of this revolution is an automated underwriting system that uses sophisticated analytics and algorithms to expedite the risk assessment and decision-making procedures.
An inventive way to get inexpensive auto insurance based on unique driving habits has been introduced by Mile Auto and VIU by HUB (VIU), an omnichannel insurance brokerage platform.
ERV Nordic has selected Simplifai, a secure AI automation solution, to improve the effectiveness of their travel insurance claims handling procedures.
Amidst the several accessories the manufacturer intends to offer with its upcoming R3 EVs and the next-generation R2 SUV, Rivian has a little cinematic surprise nestled inside its new "treehouse" rooftop tent.
In an attempt to save its Los Angeles headquarters, troubled electric vehicle startup Faraday Future has issued its first recall, affecting all 11 of the cars it manufactured last year.
Silicon Valley Bank (SVB), a division of First Citizens Bank, has extended a $75 million warehouse financing facility to Carputty, a forward-thinking FinTech company that is at the vanguard of auto finance and ownership.
Juniper leads the way in innovative insurance coverage for reproductive health.
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Finastra introduces a small business DFA 1071 compliance data gathering module.
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