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Zurich, UTS enhance mental health underwriting using AI
The AI models can help Zurich to make immediate underwriting decisions on applications related to mental health disclosures.
HUB unveils new digital marketplace for commercial fleet services
The marketplace offers various products and services including fleet management, maintenance and diagnostics, and insurance.
Specialty insurer Bowhead raises $128m in US IPO
The insurer sold more than 7.5 million shares at $17 each, surpassing the 6.7 million shares initially marketed at $14–16 apiece.
NormanMax, Apollo launch parametric insurance Syndicate 3939
Syndicate 3939 has already started underwriting, with a focus on hurricanes, tropical cyclones, earthquakes and typhoons.
Martello Re reportedly in talks to raise $800m in new equity funding
The reinsurance company has received pledges from both new and existing stakeholders.
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Cover Whale secures $27.5m from Morgan Stanley Expansion Capital
This investment, a mix of debt and equity, will be used by the insurer to fund its growth plans.
FWD Group extends cloud collaboration with AWS for five years
AWS will continue to host a wide range of core business applications such as customer, finance and insurance agent interfaces.
INZMO introduces AI-based legal chatbot for Germany’s rental market
The new AI tool, called RentalBot, operates on a pay-per-consult basis and offers expert insights on common tenancy issues.
Insurtech company discovermarket enters Philippines with cyber product
The cyber solution from discovermarket enables Globe to protect customers against online threats such as shopping fraud.
Mason Owen, ITS roll out AI-based legal indemnity insurance platform
This platform uses AI to quickly compare and evaluate terms of multiple A-Rated insurers to recommend the most suitable one.