(Photo by author.) The Golden Age of InsurTech is now a long way off, and it’s not going to return, according to Max Drucker, CEO of Carpe Data (Santa Barbara, Calif.), delivering his introductory remarks at the company’s Data In Paradise user group meeting in Santa Barbara, Calif., this week, the first held since 2022. “InsureTech is never going to be exciting again,” he commented. “InsureTech is never going to be a thing again like it was before.” This pronouncement came within a discussion of the history of the InsurTech movement, which Drucker characterized as having gone through three maj ..read more

(Image credit: David Guenther/Unsplash.) Origami Risk (Chicago), a provider of risk, safety and insurance SaaS solutions, has announced the launch of its new package of Generative AI (GenAI) solutions for risk managers at the RIMS RISK WORLD conference in San Diego next week, as it urges risk managers to take an informed approach to adopting and integrating the latest artificial intelligence tools. In response to the acceleration of GenAI, Origami reports that it is launching two prototypes that aim to safely guide risk and insurance professionals through the strategic adoption of AI ..read more

(Image source: ACORD Solutions Group.) Artificial, a London-based algorithmic technology provider, has added ACORD Transcriber to its suite of machine learning and generative AI data extraction tools for its clients in the commercial and specialty insurance space. ACORD Transcriber is ACORD Solutions Group’s (London) intelligent document processing solution for fast, accurate data extraction and digitization from any structured or unstructured insurance document, including the full library of ACORD Forms. By licensing ACORD Transcriber, Artificial enables its clients to automate even more of t ..read more

(Property analyzer screenshot. Source: Aon plc.) Aon plc (Chicago) a global professional services firm, has launched a new suite of risk analyzer tools that allow brokers in North America to receive exposure data, quantify loss potential and help risk managers make better decisions based on total cost of risk. Aon reports that it will showcase the new analytic capabilities at the Risk Management Society’s (RIMS) RiskWorld conference in San Diego, Calif., beginning May 5. Joe Peiser, CEO, Commercial Risk, Aon. Aon’s Property Risk Analyzer is the latest release under Aon Actionable Analyt ..read more

(Image source: Canopius homepage.) Canopius, a Hamilton, Bermuda-based global specialty lines (re)insurer, has announced that it has strengthened its senior leadership team in Bermuda with the appointment of Jesse DeCouto as Chief Underwriting Officer and Tonia Morgan as Chief Financial Officer of Canopius Reinsurance Limited. Morgan takes up her new role on July 1st, succeeding Teresa Gallant; DeCouto joins on September 1st, in a newly created role. Jesse DeCouto, Chief Underwriting Officer, Canopius Reinsurance Limited. Jesse DeCouto began his career as a pricing actuary in 2000, bringing ..read more

(Image source: Neoreasoning homepage.) Neoreasoning, a startup aiming to deliver innovative solutions that empower title insurers and provide a superior customer experience, has launched a new technology product designed to automate title insurance claims handling using the cutting edge of generative AI and Large Language Models (LLMs). Through the new tool, the vendor aims to transform the traditional claims handling process, injecting speed, accuracy, and efficiency through smart automation. Neoreasoning describes its software application as leveraging advanced generative AI to interpret, pr ..read more

(Image credit: Joshua Sortino/Unsplach.) Until about ten years ago, the common approach to integrating and automating applications was creating complex code understandable by only the most experienced developers. Thus, even deployment of the simplest application required development time and the creation of new code. To further complicate the issue, it was typical for each integration to require point-to-point development. The term “spaghetti integration” describes the results of this situation perfectly. Perhaps needless to say, but spaghetti integration and the tangles of integration code le ..read more

(Vertafore CEO Amy Zupon on stage at the New Orleans Ernest N. Morial Convention Center. Source: Vertafore.) At this year’s Vertafore Accelerate user conference/NetVu Community gathering earlier this month at the New Orleans Ernest N. Morial Convention Center, CEO Amy Zupon’s keynote address emphasized the company’s record investment in its products and focused on three key trends: the imperative of cybersecurity, the need to focus on data quality, and the opportunities and hazards of artificial intelligence in general, and Generative AI in particular. Zupon, who was appointed CEO in 2016 as p ..read more

(Image source: iPipeline website.) iPipeline (Exton, Pa.), a provider of digital solutions for the life insurance and wealth management industries, has announced the appointment of Adam Boone as Chief Financial Officer, tasked with leading the financial management activities for its growing global business. Boone will play a critical role in advancing the company’s strategic operating initiatives, including spearheading plans for sustained financial growth, according to an iPipeline statement. Pat O’Donnell, CEO, iPipeline. Boone has nearly 20 years of experience building and managing global ..read more

(Image source: Pexels.) Bold Penguin (Columbus, Ohio), an integrated digital solution platform dedicated to simplifying commercial insurance, has announced a collaboration with Salesforce (San Francisco), launching Bold Penguin Terminal and SubmissionLink on Salesforce AppExchange, an enterprise marketplace for partner apps and experts. The new product will empower customers to streamline their commercial insurance quote and bind process, according to a Bold Penguin sttement. Founded in 2016, Bold Penguin’s integrated digital solution platform aims to simplify commercial insurance for carriers ..read more