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Underwriting and pricing

Pricing and underwriting models, submission intake and triage, AI catastrophe models, aerial imagery, rate filings that cite ML.

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Company announcement

AI in Insurance

Donegal widens ZestyAI agreement to bring AI property analytics into underwriting

Donegal Insurance Group is rolling out ZestyAI's Z-PROPERTY analytics to its underwriters and portfolio managers under a wider agreement with the vendor, FinTech Global reported on 21 October. The tool adds roof condition, roof complexity and debris indicators to roof age. The report gives no states, timetable or measured results; Donegal has used ZestyAI's Roof Age model since a partnership announced in October 2024.

Source: FinTech Global

Company announcement (trade press report)

AI in Insurance

Manulife launches AI assistant that answers Canadian advisors' underwriting questions, but makes no decisions

Manulife has launched an AI assistant that answers Canadian advisors' underwriting questions before they submit an application, while decisions stay with its underwriters and its MAUDE engine. The tool draws on Manulife's underwriting handbooks and first covers life, critical illness and Synergy products. Manulife says the answers are not binding and may contain errors.

Source: Insurance Business (Canada)

Company announcement

AI in Insurance

ERGO NEXT launches AI self-inspection tool for small-business commercial property cover

ERGO NEXT Insurance, the US small-business insurer owned by Munich Re's ERGO Group, said on 14 October that business owners can now complete commercial property inspections themselves in about 15 minutes with a vision-AI tool. The company compares this with a usual wait of five to 10 days for a field inspector and says the tool is available now for direct customers.

Source: ERGO NEXT Insurance

Company announcement

AI in Insurance

DXC widens its Assure insurance platform and plans to combine its capabilities with its London Market core system

DXC Technology announced insurance software changes at its London executive forum on 7 October, including a new Assure Configuration Manager and wider use of its AI-enabled Assure Smart Apps. It has set out its intent to combine Assure Platform capabilities with its London Market Core Platform. DXC says Smart App deployments support more than 450 insurers.

Source: DXC Technology

  1. Commercial RiskAI in InsuranceLive

    MS Amlin introduces AI wording tool to speed up renewals ↗

  2. CoveragerAI in InsuranceMarketing claimPress release

    PolicyMe launches AI underwriting copilot ↗

    PolicyMe has launched an AI underwriting copilot, saying it has helped over 50,000 Canadians secure $20bn in cover.

    Also: FinTech Global

  3. AddedMunich ReAI in InsurancePress release

    September 04, 2024 | Business news Sun Life Malaysia Adopts Munich Re Automation Solutions SaaS Underwriting Platform, ALLFINANZ SPARK ↗

  4. AddedMunich ReAI in InsurancePilotPress release

    May 21, 2024 | Business news Mongeral Aegon goes live with Munich Re Automation Solutions’ automated underwriting solution, SARA ↗

  5. AddedMunich ReAI in InsurancePartnershipPress release

    April 23, 2024 | Business news Munich Re Life US and Clareto Usher in Next-Level Efficiency in Life Insurance Underwriting with Automated EHR Summarizer ↗

  6. AddedMunich ReAI in InsurancePartnershipPress release

    April 08, 2024 | Business news Munich Re Automation Solutions announces business relationship with American Family Life Insurance Company ↗

  7. AddedMunich ReAI in InsuranceMarketing claimPress release

    December 19, 2023 | Business news Automation Solutions accelerates insurance underwriting with SARA ↗

    Munich Re Automation Solutions says its SARA tool accelerates insurance underwriting.

  8. AddedShift TechnologyAI in InsuranceMarketing claimPress release

    Shift Technology Strengthens Insurance Decisioning Solutions via Generative AI Capabilities Shift Technology, a provider of AI-powered decision optimization solutions, announced Gen AI functionality across its suite of products. ↗

    Shift adds generative AI functionality across its insurance decisioning product suite.

  9. AddedShift TechnologyAI in InsuranceMarketing claimPress release

    Shift Insurance Suite Now Applies Artificial Intelligence Across Policy Lifecycle Processes New Products and Solution Upgrades Address Rapidly Changing Business Requirements PARIS and BOSTON – January 27, 2021 – Shift Technology, a provider of AI- ↗

    Shift applies AI across policy lifecycle processes with new product and solution upgrades.

  10. Omer ElaminAI in InsuranceLivePress release

    Orient Insurance launches agentic AI underwriting platform 'Orient Brain' ↗

    Orient Insurance, part of Al-Futtaim Group, launched an enterprise agentic AI platform called Orient Brain, built with partner Riskcovry, designed to help underwriters analyze submissions, assess risk and accelerate decision-making.

  11. Insurance PostAI in InsuranceMeasured

    CFC’s AI-augmented underwriting cuts costs tenfold ↗

    CFC says its first agentic underwriting system has delivered tenfold cost savings.

  12. Insurance AsiaAI in InsurancePilot

    Liberty International Insurance Hong Kong CEO Cynthia Sze discusses business integration, emerging risks and AI’s role in improving underwriting and claims workflows, whilst stressing that human judgement remains central to insurance. ↗

    Liberty International HK's CEO says AI is improving underwriting and claims workflows, while human judgement stays central.

  13. FinTech GlobalAI in InsuranceMarketing claimPress release

    Why core overhauls could cost insurers more than they think ↗

    Earnix's Brian Shipley argues making core system replacement a prerequisite could cost insurers years of pricing gains.

  14. AddedSwiss ReAI in InsurancePartnershipPress release

    Read More about: Swiss Re and RIQ partner to advance risk transfer powered by data and AI ↗

    Swiss Re and RIQ announce a partnership to advance data- and AI-powered risk transfer.

  15. Insurance Innovation ReporterAI in InsuranceMarketing claimPress release

    ITC Brief: Tinubu Connects Surety Workflows, Embeds AI ↗

    Tinubu plans to connect brokers and carriers on surety workflows and use AI to speed underwriting and product configuration.

  16. Insurance Innovation ReporterAI in InsuranceMarketing claimPress release

    ITC Brief: Sixfold Broadens AI’s Role in Underwriting ↗

    Sixfold describes underwriting AI that uses carrier appetite and external data, with decisions referred to humans.

  17. Insurance Innovation ReporterAI in InsuranceLivePress release

    ITC Brief: YuLife Links AI Engagement to Prevention ↗

  18. FinTech GlobalAI in InsurancePartnershipPress release

    Donegal expands ZestyAI deal to sharpen property risk ↗

    Donegal adopted ZestyAI's Z-PROPERTY to apply high-accuracy property data across its personal lines book.

    Also: Insurance Edge

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