News
How broken interactions are costing insurers growth
6+ hour, 11+ min ago (299+ words) A decade of investment in digital transformation has left insurers with faster engines and emptier waiting rooms. Across the sector, carriers have poured capital into modernising pricing models, overhauling underwriting systems, and rebuilding customer-facing channels from the ground up. According…...
Columbia Lloyds adopts Zesty AI for property risk analysis
2+ week, 6+ day ago (299+ words) Columbia Lloyds Insurance Company has selected Zesty AI's Risk and Decision Intelligence platform as the regional insurer looks to strengthen underwriting accuracy and property risk visibility across its homeowners portfolio in Texas, Oklahoma and Arkansas. The Houston-based insurer operates in…...
Insurers losing $72. 8m every day to filing delays
3+ week, 1+ day ago (376+ words) Delays in US property and casualty insurance rate filings are costing insurers an estimated $72. 8m per day, with most objections linked to preventable operational errors rather than disputes over pricing itself, according to new research from Zesty AI." The Insur Tech…...
Lexis Nexis launches AI home insurance risk model
3+ week, 5+ day ago (363+ words) Lexis Nexis Risk Solutions has launched an AI-driven property risk model aimed at helping US home insurers improve underwriting accuracy as claims costs continue to rise. The new platform, Lexis Nexis Location Intelligence for Home, uses neural network modelling and…...
Incept teams with Fortegra for UK property insurance
4+ week, 7+ hour ago (229+ words) Incept, an algorithm-driven Insur Tech, has entered into an underwriting agreement with Fortegra to support the launch of its digital title insurance solution in the UK. The partnership is designed to accelerate UK property transactions by providing faster access to…...
UK insurers face risk gap as 93% of properties misvalued
4+ week, 1+ day ago (446+ words) A staggering 93% of UK properties are insured for the wrong amount, signalling a major flaw in how insurers assess and price risk, according to new research from Intelligent AI. The finding underscores a growing "Risk Intelligence Gap" across the market,…...
NRDC taps Zesty AI to analyse climate insurance risk
1+ mon, 6+ day ago (307+ words) Zesty AI, an AI-driven property risk intelligence company, has revealed that the Natural Resources Defense Council (NRDC), one of the United States" foremost environmental advocacy groups, is leveraging its ZORRO Discover" product to advance climate-focused research and public policy initiatives....
Kin expands digital home insurance offering to Oklahoma
1+ mon, 2+ week ago (473+ words) Kin, a digital home insurance provider, has expanded into Oklahoma, offering homeowners a new option for personalised coverage designed for the state's severe weather risks. The move marks Kin's entry into a market where a small number of insurers dominate…...
UK home insurers face losses as costs and competition rise
2+ mon, 2+ week ago (345+ words) UK home insurers are expected to post a Net Combined Ratio of 103% in 2026, returning to loss-making territory as rising costs and competitive pressures weigh on profitability. According to analysis by EY, the forecast means insurers will pay out "1. 03 in claims…...
UK gadget insurance policies hit record high as device prices surge
7+ mon, 6+ day ago (332+ words) Gadget insurance in the UK has hit a record high, with policies rising from 7. 87m in 2023 to 8. 46m in 2024, as the prices of smartphones, tablets and wearable surge. According to research from independent insurance consultancy Broadstone, the sector has seen an annual…...