The launch of WTW's ResQ Machine-led Reserving introduces a significant technological advancement designed to increase the precision and efficiency of property and casualty (P&C) loss reserving for insurers and reinsurers. This innovative tool leverages proprietary algorithms to enhance
Brown & Brown, one of the leading insurance brokerages, experienced remarkable financial growth during the third quarter of 2024, citing a significant increase in both net income and revenues. The company reported a net income of $234 million for Q3, which is a substantial 33% rise from the
The 66th edition of the Reinsurance News Monte Carlo Executive Roundtable, held during RVS in September 2024, provided a comprehensive discussion on the reinsurance market conditions leading up to the January 2025 renewals. Sponsored by BMS Re and PwC, the event highlighted the impressive
Markel, a division of the Markel Group, has announced the immediate appointment of Dena Furmanek as Senior Underwriter for Fine Art in North America. Based in the Chicago area, Furmanek will report directly to Kyle McGrath, the Head of US Fine Art. In her new role, Furmanek will be responsible for
Porch Group has announced a significant milestone after getting the green light from the Texas Department of Insurance (TDI) to set up Porch Insurance Reciprocal Exchange (PIRE), a new homeowners insurance reciprocal exchange in Texas. This decision is a strategic step aiming to enhance Porch
Apple Watches are highly coveted for their sleek design and advanced features, but they can come with a hefty price tag. Fortunately, there are several avenues to secure an Apple Watch affordably, from retailer promotions to insurance company incentives. This article will guide you through various
In a groundbreaking move to safeguard its agriculture sector from the ravages of climate change, the Government of Ghana has secured its first parametric drought insurance policy issued by the African Risk Capacity Limited (ARC Ltd.). This innovative policy represents a significant expansion in
The insurance industry is on the cusp of a significant transformation driven by technological advancements and a renewed focus on innovation. As insurers adapt to the rapidly evolving market landscape, their strategies center around agility, customer-centricity, and leveraging cutting-edge
Agentech, an AI-powered workforce solution provider, is creating waves in the insurance claims industry with its recent $3 million seed fundraising. This significant milestone highlights the firm’s potential to revolutionize traditional insurance workflows. The following analysis breaks down A
With recent technological advancements making waves across various sectors, the insurance industry is not far behind. ClaimSorted, an emerging player in the InsurTech landscape, aims to reshape the insurance claims process by incorporating AI and automation technologies. Backed by substantial
