The InsurTech sector is heating up as Meshed, an AI-powered insurance technology startup, secures fresh backing from Aviva and Haatch. This investment marks a strong vote of confidence in Meshed’s mission to transform the insurance industry with artificial intelligence and automation. 🔑 What Meshed Brings to the Table 🎯 Why Aviva and Haatch Are Investing […]
Category: Insurtech
With Technology, Insurance Is Shifting from ‘Repair and Replace’ to Prevention.
A New Era for Insurance The insurance industry is undergoing a major transformation. Traditionally focused on “repair and replace”, insurers are now adopting a “predict and prevent” model — thanks to rapid advancements in technology. With tools like AI, IoT devices, predictive analytics, and telematics, insurance is no longer just about compensation after damage. It’s […]
Insurtech Funding Set to Rebound in India, Eyes Over $1 Billion in the Next 12 Months.
India’s insurtech sector is gearing up for a major comeback. After facing a phase of moderated investments and tighter capital inflows, the industry is now poised to cross $1 billion in funding over the next 12 months, signaling renewed investor confidence and a promising growth trajectory. From a Slump to Surge The global funding winter […]
Visit Health and IIA Release Landmark Report on OPD Insurance in India.
A Game-Changer for India’s Healthcare Insurance Sector Visit Health, in collaboration with the India InsurTech Association (IIA), has released a groundbreaking report titled “The Changing Landscape of OPD Insurance in India.” This in-depth study shines a light on how Outpatient Department (OPD) insurance is evolving and why it holds the key to the future of […]
InsureVision Teams Up With MSI on AI Dashcam Risk Assessment.
In a forward-thinking collaboration aimed at transforming vehicle insurance and fleet safety, InsureVision has partnered with MSI (Mobile Systems Inc.) to deploy AI-powered dashcam technology for enhanced risk assessment. This partnership marks a significant leap in how insurers evaluate driving behavior, manage claims, and reduce road accidents through real-time, intelligent data capture. Redefining Risk with […]
Sophos and Capsule Launch Cyber Insurance Solution for MSP Customers.
In a move that strengthens the intersection of cybersecurity and insurance, Sophos, a global leader in cybersecurity, has partnered with Capsule, a cyber insurance innovator, to launch a tailored cyber insurance solution for managed service provider (MSP) customers. This collaboration addresses a growing concern for businesses of all sizes: how to manage the financial fallout […]
UK Government Defends National Insurance Exemption in India Trade Deal.
The UK government is defending a key clause in the draft UK-India trade agreement that would exempt Indian workers temporarily based in the UK from paying National Insurance contributions. This move, part of ongoing efforts to finalize a free trade deal with India, has stirred both political debate and public interest. What’s the Exemption About? […]
Insurance Claim Cannot Be Denied For Breach Of Impossible Condition: Supreme Court
In a landmark decision, the Supreme Court of India has ruled that insurance claims cannot be denied due to the breach of conditions that are impossible to fulfill. This ruling marks a significant shift in how insurance companies handle claims, especially in cases where the terms and conditions of the policy might be unrealistic or […]
The Growing Role of MGAs in the Insurance Market.
The insurance industry is undergoing significant changes, with Managing General Agents (MGAs) playing an increasingly important role in shaping the market. As intermediaries between insurers and agents, MGAs have become vital players in the distribution and management of insurance products. Their influence has been growing steadily, driven by a combination of market demand, innovation, and […]
How AI is Transforming Insurance Underwriting
The insurance industry is undergoing a quiet revolution as artificial intelligence reshapes underwriting—evaluating risk and pricing policies. From faster approvals to more personalized premiums, AI is making insurance smarter, but not without controversy. How AI is Changing Underwriting 1. Hyper-Personalized Risk Assessment AI analyzes thousands of data points beyond traditional factors (like age or driving history), including: Example: Auto […]
