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News
Huscarl raises $5.6M to build an autonomous AI actuary for corporate self-insurance
1+ week, 5+ day ago (1303+ words) For decades, companies have relied on commercial insurers to transfer the financial risks associated with their operations. But an increasing number are choosing to retain more of those risks themselves through insurance subsidiaries known as captives. Now, artificial intelligence is…...
INTX expands offering within Xitus
2+ week, 2+ day ago (422+ words) INTX Insurance Software has announced the continued expansion of the INTX (Re)Insurance Operating System within Xitus Re, the Bermuda-based P&C runoff reinsurer, as Xitus expands across increasingly complex portfolios, transaction structures and jurisdictions. At the center of Xitus…...
The "grudge purchase" that could cost businesses more than they think
2+ week, 6+ day ago (561+ words) "One of the main reasons people buy PI because they're told to, that they have a contract and the other person says if you want this work, you must tick this box and have PI cover, and they go away…...
Bolt debuts industry-first AI insurance platform
3+ week, 4+ day ago (84+ words) Insurance Nerds Bolt debuts industry-first AI insurance platform Bolt Launches AI-Powered Insurance Distribution Platform Bolt, an InsurTech company specializing in distribution, has introduced what it describes as the insurance industry's first AI-powered distribution platform. This platform is designed to provide…...
Business Interruption Coverage Belongs on the Balance Sheet, Not the Back Page
3+ week, 4+ day ago (331+ words) Business interruption coverage is the most undervalued line on the modern balance sheet, and treating it as an afterthought costs owners far more than the premium ever would. Next to property, liability, or cyber, the line item looks minor, but…...
Thoughts From M-Files on AI Investment ROI: Insurers Need to Focus -
3+ week, 4+ day ago (848+ words) Some thoughts here from M-Files on the problems that AI is being used to solve, plus the potential ROI on serious long term investment and transformation; Insurance organisations are investing heavily in artificial intelligence, with the technology increasingly being deployed…...
Gallagher Re creates digital risk unit as AI reshapes accumulation
3+ week, 5+ day ago (431+ words) Gallagher Re has launched a digital risk practice, pulling AI liability, data centres, cyber, and digital risk engineering into a single advisory function. The move comes as technology-driven accumulation exposures increasingly cut across multiple insurance lines simultaneously. Ian Newman leads…...