Reinsurance News
automation
Capgemini report finds physical AI expected to scale within five years despite deployment barriers
16th April 2026
Capgemini Research Institute, the research division of the Capgemini, has published the report Physical AI: Taking human-robot collaboration to the next level, examining how advances in artificial intelligence are shaping robotics and the potential business value that may result. The report describes physical AI as a transition from traditional automation towards systems ... Read the full article
mea Platform secures $50m growth investment from SEP
17th February 2026
mea Platform, an AI-driven insurance technology company, has announced a $50 million minority growth equity investment from SEP, a prominent investor in enterprise technology. Founded in 2021, mea focuses on applying artificial intelligence to the insurance industry, offering products designed to improve combined ratios and strengthen margins. The company, which has been ... Read the full article
Surviving a softening market with smarter, automated renewals: DXC Technology’s Mahon
16th January 2026
James Mahon, Reinsurance Pre-Sales Lead at DXC Technology, emphasised that in an increasingly complex and softening market, re/insurers must rethink their renewal strategy and invest in automated renewal management rather than relying on manual, people-dependent processes. In an interview with Reinsurance News, Mahon noted that recent market conditions have made the ... Read the full article
Hurricane Season Spurs Automation & Exposure Management Advancements in LatAm: Pro Global
31st July 2024
With the 2024 hurricane season in full effect, this time of the year is always interesting for the re/insurance industry due to the number of opportunities and challenges it poses for many different countries/regions. Reinsurance News recently spoke to Martin Smith, President of Pro Global, Latin America (LatAm) about some of ... Read the full article
Howden selects AutoRek to boost digital transformation across key back-office processes
7th June 2024
Howden, the global insurance intermediary group, has selected software provider AutoRek to boost the efficiency of key back-office processes through intelligent automation. According to the announcement, this new partnership is anticipated to help Howden centralise and streamline areas of its Insurance Broker Accounting (IBA) operations, ultimately increasing capacity for future growth and ... Read the full article
Munich Re Automation Solutions’ underwriting solution goes live with Brazilian life insurer
23rd May 2024
Munich Re Automation Solutions Ltd, a provider of automated underwriting and analytics solutions to the life insurance industry, has announced that its SARA risk assessment solution is now live with Brazilian life insurance firm, MAG Mongeral Aegon. SARA is a state-of-the-art digital underwriting solution, deployed at point-of-sale, which MAG will use ... Read the full article
Autonomous vehicles will transform auto insurance in the coming decades: Moody’s
17th April 2023
Personal and commercial auto insurers will initially benefit from fewer accidents as the use of autonomous vehicles increase, however, they face long-term risks that will reduce the need for insurance in the coming decades, suggest analysts at Moody's. According to Moody's, vehicles with Level 2 autonomy (partial automation, with constant driver ... Read the full article
IAG unit invests in Planck for its underwriting automation operations
14th April 2023
IAG's corporate venture capital arm, IAG Firemark Ventures, has invested in global insurtech platform Planck in a bid to expand into the Australian and New Zealand commercial insurance market. Planck provides real-time answers to underwriting questions for the global commercial insurance industry and IAG said this "technology could potentially be embedded ... Read the full article
Swiss Re partners with automotive tech firm Luminar
1st March 2023
Reinsurance giant Swiss Re and automotive tech firm Luminar have partnered to advance assisted driving and improve safety while reducing the costs of consumer adoption. Luminar notes that the first step of the joint initiative is to analyse the on-road performance and safety improvements of consumer and commercial vehicles equipped with ... Read the full article
Swiss Re partners with SBLI on automated claims experience
7th February 2023
Reinsurance giant Swiss Re has partnered with The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) to offer customers Swiss Re’s Automated Claims Experience solution. The reinsurer's automated claims experience is a digital tool that guides beneficiaries through the claims process. Swiss Re's tool uses simple empathetic language, which is designed ... Read the full article
Automation changing how insurers interact with consumers: PwC
1st December 2022
A new report from PwC Middle East has highlighted several key trends that are expected to make an impact on the future of the Middle East’s insurance industry. One of the key trends that the report addresses is how automation and artificial intelligence (AI), and how they are changing the way ... Read the full article
Vortex launches fully automated weather insurance portal
31st October 2022
Vortex Weather Insurance has announced that it will enhance its parametric weather index insurance offerings with an all-new, fully automated weather insurance portal. The company’s new Weather Insurance Portal is an industry-leading digital insurance platform that will allow event organizers and insurance brokers to quote, bind, and insure outdoor events online ... Read the full article
90% of insurers think automation is key to regulatory pressure: WTW
1st March 2022
90% of insurers surveyed by WTW have said automation is key to solving the pressures placed on them by regulators. Surveying 61 insurers across 17 countries, WTW said that the majority of respondents thought that cost management, a shortage in skilled resources, and improving governance and auditability, could be met with ... Read the full article
Up to 300% ROI for automation in London Markets: NTT DATA
9th June 2020
IT services and consultancy firm NTT DATA UK says automation could drive ROI of between 30% and 300% annually in London Markets, depending on the process. NTT DATA notes how the approval of claims can reduce the time taken from hours, to just minutes, meaning more claims can be processed in ... Read the full article
SCOR automates financial processes with Accenture tech
15th January 2020
SCOR has improved the efficiency of its internal functions by utilising technology from professional services firm Accenture, which has enabled the reinsurer to automate financial processes, among other benefits. Previously, many of SCOR’s key processes within the finance function, including the quarterly-close process, were conducted manually, using spreadsheets, email and the ... Read the full article
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