Tag: Insurance Technology

AI in Insurance Market to Surge to $79.89B by 2032 | Regulatory and Cloud Trends

AI in Insurance Market to Surge to $79.89B by 2032 | Regulatory and Cloud Trends

The AI in insurance market is projected to grow at 33.06% CAGR, driven by cloud adoption and evolving regulations like NAIC guidelines and the EU AI Act. This report examines how AI transforms underwriting, claims, and fraud detection across regions.

Zinnia Migrates AnnuityNet Platform to AWS, Enhancing U.S. Annuity Processing

Zinnia transitions its AnnuityNet platform to Amazon Web Services, significantly boosting scalability and security for processing over half of U.S. bank and broker-dealer annuity submissions.

PURE Insurance Upgrades to Duck Creek Billing for Enhanced Billing Automation

PURE Insurance upgrades to Duck Creek Billing, enhancing automation, customization, and operational efficiency in insurance billing for P&C carriers.

RTA Launches Lloyd's-Backed Physical Damage Program for Commercial Auto Insurance

Reliable Transportation Association expands U.S. commercial auto insurance with Lloyd's-backed Physical Damage program. Digital platform enables instant quotes, rewarding safety with competitive pricing.

YAML-in-HTML Enhances AI-Readable Insurance Data on the Web

YAML-in-HTML embeds structured, trust-scored insurance data into web pages enhancing AI understanding and regulatory compliance for Medicare Advantage plans.

InvoiceCloud Adds Insurance Innovation Expert Michael Costonis to Board

InvoiceCloud strengthens its leadership with Michael Costonis joining the board to drive strategic growth and digital innovation in insurance payment solutions.

Insurance Industry Advances in MENA Partnerships and AI Governance

Key insurance industry updates include Arthur J. Gallagher's MENA partnership, Allianz Partners UK's travel product expansion, and Cytora's ISO/IEC 42001 AI governance certification enhancing digital insurance frameworks.

Verisk to Acquire AccuLynx for $2.35B, Enhancing Insurance Claims Tech Ecosystem

Verisk's $2.35B acquisition of AccuLynx strengthens its property insurance claims ecosystem by integrating contractor SaaS workflows and enhancing data-driven restoration services.

Modern Agency Management Systems Transform MGA Efficiency in P&C Insurance

Explore how modern Agency Management Systems enhance efficiency, compliance, and scalability for Managing General Agents in the Property & Casualty insurance market.

Top 5 Tech Trends Driving Digital Transformation in U.S. Insurance

Explore the top five technological innovations redefining the U.S. insurance industry, including Generative AI, cloud-native systems, IoT, embedded insurance, and blockchain, enhancing operations and customer experience.