Visa has entered into advanced discussions to acquire the British financial fraud prevention firm Featurespace for a reported £700 million, marking a significant step in Visa's persistent efforts to improve its arsenal of fraud detection technologies. Established in 2008 and based in Cambridge,
Ascot Group, a Bermuda-based global specialty insurer, has taken a monumental step in the reinsurance sector with the launch of its new capital management platform, Leadline Capital Partners. For an industry always on the lookout for innovative solutions to complex risk management issues,
In a groundbreaking collaboration, Simplifai, a prominent AI-driven automation provider, has partnered with Stillwater Insurance to revolutionize the insurance company's claims process. This partnership marks Simplifai’s official entry into the U.S. market, aiming to substantially bolster customer
The first half of 2024 has been daunting for the US InsurTech sector, starkly contrasting with its previously rapid growth. A significant dip in both funding and deal activities marks this downturn. How are industry players navigating these choppy waters, and can innovation and regional strengths
The proposed Cyber Security and Resilience Bill, unveiled in the recent King’s Speech, marks a significant move by the UK government to strengthen the nation's cyber security framework in response to an increasingly hostile digital threat landscape. This article delves into how this bill could
Digital technologies have brought transformative changes to the insurance industry, also introducing new complexities and regulatory requirements. Customer Identity and Access Management (CIAM) emerges as a key player, helping insurance firms navigate these challenges while balancing security,
The business-to-business (B2B) commerce ecosystem is on the verge of a significant transformation, thanks to a strategic partnership between Nuvo, a trade credit technology platform, and Allianz Trade, a global leader in trade credit insurance. This collaboration aims to enhance and streamline B2B
The intersection of climate change and investment strategies has never been more pertinent. As climate risks become increasingly evident, investors are seeking robust methodologies to integrate these considerations into their decision-making processes. Enter the Physical Climate Risk Assessment
QuickFacts, an InsurTech startup founded in 2020 by Christy Barsalou and Jeff Barsalou, has been making significant strides in revolutionizing the insurance industry. Using cutting-edge technology, the company aims to streamline operations, enhance efficiency, and improve the overall workflow for
The burgeoning field of insurtech, which is a fusion of insurance and technology designed to modernize the traditional insurance sector, is rapidly changing the way insurance services are offered. Insurtech companies are leveraging advanced technologies like AI and data science to simplify complex
