GeoX partners with Sompo Japan to develop AI-based automated underwriting platforms

insurance news

GeoX, a leader in supplying geospatial data to insurers Announced today a partnership with Sompo Holdings Inc., Sompo Japan Insurance Inc., and Sompo Risk Management Inc., specialty providers of property and casualty insurance and reinsurance with operations in the U.S. and 80,000 employees in 228 cities in 30 countries. This partnership will support Sompo Japan as it develops an automated underwriting methodology utilizing state-of-the-art AI technology.  In recent years, advances in geospatial data technologies such as higher resolution and 3D satellite imagery have led insurers to use data in ways…

Read More

Headline: FinTech Global’s InsurTech100 list reveals the must know companies in the sector in 2021

As the InsurTech sector continues to hit record investment levels, FinTech Global has revealed the 100 most innovative InsurTech companies as part of its fourth annual list. The InsurTech100 2021 is a ranking of the world’s most innovative technology solution providers that address the digital transformation challenges within insurance. An exhaustive list of 1,400 companies was compiled by FinTech Global. This data was then assessed and voted on by a panel of analysts and experts. Finalists were selected for their innovative use of technology to solve a significant industry problem or generate…

Read More

Dennis M. Baez Joins Berkley Construction Professional as Senior Vice President of Underwriting

Morristown, N.J. (August 31, 2021) – Dennis M. Baez joins Berkley Construction Professional, a division of Berkley Alliance Managers, a Berkley Company, as a senior vice president of underwriting. He is responsible for underwriting primary and excess business within the retail and wholesale insurance communities, fostering strong broker relationships and achieving profitable growth for Berkley Construction Professional’s contractors’ and owners’ professional liability portfolio. “Dennis’ extensive experience at several global leaders in insurance broking will help us better understand the professional liability needs of our customers and enable us to develop…

Read More

Luma Appoints Annuity Industry Leader Keith Burger as Director of National Sales

insurance news industry

Cincinnati, OH, June 15 2021 – Luma Financial Technologies (“Luma”), an independent, market leading multi-issuer structured products and annuities platform, announced today that annuity industry veteran, Keith Burger, has joined the company as National Sales Director for Annuities. Mr. Burger will lead Luma’s rapid expansion across all distribution channels as the annuity technology platform of choice. He will oversee the firm’s strategic initiatives to provide Luma’s scalable platform to financial professionals looking to increase the efficiency and effectiveness of transacting in the annuity marketplace. Firms who implement the Luma platform…

Read More

New Survey from Harbor Life Settlements Reveals Knowledge Gaps That May Be Costing Life Insurance Policyholders

life insurance gaps

Harbor Life Settlements, a company dedicated to helping people unlock the value of their life insurance by making the life settlement process straightforward and transparent, today announced the key results of its 2020 Life Settlement & Retirement Survey. Harbor Life conducted a national survey of 1,702 U.S. adults to better understand people’s knowledge of life insurance benefits and options, with the goal of uncovering insights that help individuals make better decisions around financial and retirement planning. Overall, Harbor Life’s study revealed that while 70% of U.S. adults have life insurance,…

Read More