Total Health Care

Lloyd | July 13, 2020

Centuries-old exchange Lloyd’s of London will be focussing on its core markets, announcing a strategy that will see the world’s specialist insurance marketplace relinquish US admitted licenses. In a market bulletin issued by syndicate capability oversight head Peter Montanaro, Lloyd’s said it will be strengthening its focus on the US reinsurance and excess & surplus (E&S) insurance market “where it is the market leader,” in a move that will be carried out by...

Insurance Business America | April 01, 2020

An industry expert is calling for legislators to pass a bill that would mandate that insurance companies pay for business losses incurred due to a pandemic such as the current COVID-19 outbreak. Zach Finn – a professor and director of the Davey Risk Management and Insurance Program at Butler University in Indiana – has helped craft, outline, and lobby for a Pandemic Risk Insurance Act (PRIA) together with a group of colleagues. PRIA is similar to the Terrorism Risk and Insurance Act ...

Core Insurance, Insurance Technology

Accesswire | May 04, 2023

CogniSure AI, a leading provider of insurance document extraction and analytics solution provider, has entered into a partnership with market-leading no-code platform provider, Innoveo, to drive underwriting efficiencies and pricing accuracy for commercial insurers. CogniSure's Submission Insights platform unlocks understandings trapped in unstructured documents such as loss runs, applications, schedules, and SOVs - in real time with high accuracy levels. The enhanced submis...

Risk Management

Verikai | September 07, 2022

Insurance technology startup, Verikai, launches Med/Rx to build on their existing product base and further optimize the underwriting process for their carrier clients. Verikai uses machine learning models to give insurers a deeper view of risk, using extensive clinical and behavioral data to create risk scores. Now, with the addition of Med/Rx, carriers will be able to run group reports through Verikai's platform to establish a baseline of high-cost conditions and prescriptions that appear i...