Majesco named in IDC’s 2023 FinTech Rankings, earns Top 100 Spot
September 15, 20233 min
Recognized as Top 100 Emerging FinTech
Duck Creek Technologies announces New Chief Financial Officer
September 12, 20234 min
Company appoints Teresa M. Kim, experienced technology finance executive, to oversee finance and accounting functions
CLARA Analytics raises $24M in Series C Funding
September 8, 20234 min
CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimization, announced its $24 million Series C funding, bringing its total funding to $60 million. This round was led by new investor Spring Lake Equity Partners, with participation from existing investors including Aspen Capital Group, Oak HC/FT and QBE Ventures. “Insurers are facing increased pressure to manage losses and expenses, and they have awakened to the value that AI can generate in...
Evident announces Evie
September 8, 20235 min
– Evie responds in real-time and provides recommended content to both risk managers and all of their business relationships uploading required compliance documentation– Evie analyzes thousands of insurance requirements to help configure your Coverage Criteria Group workflows and provide immediate analysis and results – Evie identifies common non-compliance issues throughout your Coverage Criteria Group requirements helping increase your compliance rate Evident, the global leader in business credentialing, is thrilled to welcome the world’s only generative AI solution for Risk...
Sally Jewell named Chair of Symetra Financial Corporation BOD
September 7, 20235 min
Symetra Financial Corporation (“Symetra”), a wholly owned subsidiary of Sumitomo Life Insurance Company (“Sumitomo”), announced the designation of Sally Jewell as chair of its board of directors, effective Aug. 24, 2023. Ms. Jewell, former U.S. Secretary of the Interior under President Barack Obama and former CEO of REI, joined Symetra’s board in March 2018. She succeeds Thomas Marra, who recently resigned after serving as chair since 2017. “We are extremely pleased to have a leader...
Majesco and Microsoft announced a strategic alliance
September 6, 20234 min
Majesco, a global leader in cloud insurance software solutions, and Microsoft have announced a strategic alliance aimed at driving long-term digital transformation for insurers. By leveraging Microsoft Cloud and Analytics capabilities, the partnership empowers customers with a scalable and secure intelligent cloud environment. With a shared vision of empowering individuals and organizations to achieve more, the enhanced collaboration promises innovative and transformative solutions, ensuring sustained growth and agility in the ever-evolving insurance industry. Majesco is...
InsurTech Market Projected to Reach $49.78 Billion by 2027
September 4, 20239 min
The “InsurTech (Insurance Technology) Global Market Report 2023″ report has been added to ResearchAndMarkets.com’s offering. The global InsurTech (insurance technology) market is poised for substantial growth, projected to increase from $10.53 billion in 2022 to $14.37 billion in 2023 at a compound annual growth rate (CAGR) of 36.52%. Furthermore, the market is expected to reach $49.78 billion by 2027, with a CAGR of 36.42%. What is InsurTech? InsurTech, or insurance technology, refers to the integration of technological advancements to...
Verisk modernizes system to combat insurance fraud in Israel
August 31, 20234 min
Digitization of insurance has led to rising consumer expectations for a simpler and faster claims experience
Alpha FMC announced new hire
August 24, 20233 min
Alpha FMC, the leading global consultancy to the asset management, wealth management and insurance industries, announces the hire of Keval Mehta to its North American insurance consulting team. Keval joins Alpha as an executive director and insurance technology leader, as part of Alpha’s continued expansion into the North American insurance consulting market. Keval is a trusted technology executive joining from Accenture, where he was a managing director, insurance cloud and data practice lead, and was...
Westland Insurance acquired two P&C brokerages
August 7, 20233 min
Westland Insurance, Canada’s leading independently-owned insurance brokerage, announced that it acquired two P&C brokerages: Hubbard Insurance Group and Assurance B. Belliveau Insurance Inc. These acquisitions contribute to Westland’s national expansion and bring Westland into new areas. Hubbard Insurance Group is a family-owned brokerage located in Ontario that’s been serving the insurance industry for 35 years. It’s comprised of two divisions: Hubbard Insurance Brokers, a P&C brokerage with a commercial insurance focus, and Hubbard Financial Services,...