Latest news with #insurtech
Yahoo
31-05-2025
- Business
- Yahoo
bolttech integrates AWS Gen AI to enhance efficiency
Singaporean insurtech company bolttech has integrated AWS generative AI solutions to lower costs of its operations and personalise customer services. The platform, "bolttech Gen AI Factory," has been developed using Amazon Bedrock and enhances the existing call centre platform, already operating on Amazon Connect and Amazon Lex. Gen AI Factory adds speech-to-speech capabilities to bolttech's chatbots, enabling multilingual, natural conversations with customers and allows teams to create Gen AI applications within the insurance value chain. The pilot, which began with Korean, provides 'real-time' responses to insurance policy queries, catering to both simple and complex enquiries. Through automation of basic activities such as claims processing, it allows bolttech's agents to focus on improving operational efficiency and customer engagement. With AWS's infrastructure, bolttech aims to use AI for better risk assessment, early warning systems for threats, and AI -driven virtual assistants for claims processing. AWS Singapore country manager Priscilla Chong stated: 'bolttech is an example of a company delivering innovation using generative AI to enhance customer experiences, improve operational efficiency, and drive innovation in how insurance services are delivered and consumed globally. We're thrilled to support bolttech, and we're pleased that AWS's choice-based, model-agnostic approach is delivering AI-powered convenience to discerning customers at the forefront of the AI revolution.' The company is already using AWS tools to expedite time to market. It has reported over 50% reduction in time updating code documentation files with Amazon Q Developer. bolttech Asia CEO Philip Weiner said: 'At bolttech, we remain steadfast in our vision to connect people with more ways to protect the things they value. To achieve this at scale, we rely on the right data and AI infrastructure. AWS's cloud computing and Gen AI services, including Amazon Bedrock, provide the foundation to access diverse model choices, deliver superior price-performance ratios, and robust trust and safety enterprise features that align perfectly with our needs. Earlier in May 2025, bolttech entered a joint venture with Sumitomo Corporation to offer device protection in Asia. "bolttech integrates AWS Gen AI to enhance efficiency " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Arab News
27-05-2025
- Business
- Arab News
Tawuniya's ‘InsurAI' challenge showcases AI-powered breakthrough in insurance
Marking the culmination of its highly anticipated 12-week virtual program 'InsurAI,' Tawuniya, the largest insurance company in the Middle East and North Africa, successfully concluded its Demo Day on May 26. The event showcased 10 cutting-edge startups, selected from a competitive pool of over 1,000 applicants, which presented their innovative solutions designed to unlock new avenues for growth and transformation in the insurance sector. Launched in December 2024 by Tawuniya in collaboration with Plug and Play, and supported by government partners including Monsha'at and CODE, the InsurAI program underscores Tawuniya's steadfast commitment to driving digital transformation in the region's insurance industry. It also aims to propel economic development and strengthen Saudi Arabia's growing startup ecosystem in alignment with Saudi Vision 2030 goals. The program provided a unique platform for 10 rising innovators — Papaya Insurtech, WideBot AI, DESAISIV, Intella, Yasmina, AlloBrain, Curacel, CozmoX AI, and Chefaa — who were selected through a rigorous evaluation process. During Demo Day, these startups pitched their next-generation generative AI solutions to a curated audience of investors, technology leaders, and Tawuniya executives. Abdullah Alshargi, CTO at Tawuniya, said: 'The InsurAI is more than just a platform — it's a statement of intent. We are investing in a future where artificial intelligence is seamlessly integrated into the insurance ecosystem to bring about real, measurable impact. Demo Day spotlighted how visionary startups are already solving some of the industry's most pressing challenges — from claims automation and fraud detection to hyper-personalized customer experiences.' 'Through strategic partnerships and hands-on mentorship, we have built a launchpad for innovation that aligns with Tawuniya's mission to lead the digital transformation of the insurance sector. We envision InsurAI as a catalyst for long-term collaboration and a driver of what's next in insurtech,' he added Over the course of the program, each team received expert mentorship and support in areas such as product development, regulatory compliance, and go-to-market strategy. Strategic partners played an instrumental role in the program, enhancing the startups' journey toward scalability and investment-readiness. The event concluded with the announcement of the top three startups, who shared a prize pool of $225,000 alongside potential partnership opportunities with Tawuniya. This event marks a significant milestone in Tawuniya's mission to foster an innovation-driven ecosystem and cement Saudi Arabia's role as a regional hub for AI and insurtech.
National Post
21-05-2025
- Business
- National Post
Quandri Appoints Patrick Mulroy as Head of Strategy and Partnerships to Accelerate North American Growth
Article content Quandri's expansion plans include opening a Boston office to more effectively service its growing US customer base, which includes HomeServices Insurance and Blue Ridge Risk Partners among others Article content Article content VANCOUVER, British Columbia & BOSTON — Quandri, the AI platform modernizing personal lines renewals for insurance agencies, today announced the appointment of Patrick Mulroy as Head of Strategy and Partnerships. With more than 15 years of experience in the insurance and tech industries, Patrick will play a critical role in driving Quandri's expansion across North America, including opening the insurtech company's first U.S. office in Boston and unlocking new growth opportunities via strategic partnerships. Article content As Head of Strategy and Partnerships, Patrick will be focused on driving growth through partnership channels, along with key customer and carrier relationships. He'll lead go-to-market execution for indirect sales and drive long-term value by embedding Quandri deeper into the workflows of agents, carriers, and platforms. Article content 'This role is about accelerating our exponential growth, and Pat is the right person to lead it,' says Jackson Fregeau, CEO and co-founder of Quandri. 'He has the rare ability to navigate complexity, build meaningful partnerships, and align strategy with execution. His work will be foundational in helping us scale our impact even further.' Article content 'Quandri is solving real, systemic problems in the insurance space, and doing it with precision,' says Mulroy. 'The opportunity is huge and I look forward to helping lead that charge through smart partnerships and strong execution.' Article content Patrick previously spent time with Gallagher and HUB International prior to moving into insurtech where he was most notably Head of Distribution and Head of Agency Sales at Tarmika, a commercial quoting platform that was acquired by Applied Systems. Patrick brings deep insurance experience and a proven track record of driving results in complex ecosystems. He joins Quandri during a high-growth phase as the company expands its U.S. footprint, grows its team, and adds new customers to its roster. Article content Quandri transforms the policy renewal process for personal lines insurance brokerages by automating time-consuming and repetitive tasks, identifying actionable policy insights and enabling insurance brokerages and agencies to achieve profitability and scale. Quandri's Renewal Intelligence Platform uses AI-enabled agents to accomplish manual, repetitive tasks within your Applied Epic BMS, which in turn enables your human agents to focus their efforts on more valuable work, such as calling clients and selling additional policies. For additional information, visit Article content Article content Article content Article content Contacts Article content Article content
Yahoo
16-05-2025
- Business
- Yahoo
P&V Group Becomes First Belgian Insurance Company to Benefit From Guidewire Cloud
LONDON, May 16, 2025--(BUSINESS WIRE)--P&V Group, a Belgian cooperative insurance group, and Guidewire (NYSE: GWRE), have announced that P&V Group has successfully migrated Guidewire's core applications to Guidewire Cloud Platform, helping to power its underwriting, billing and claims operations. P&V Group has been a Guidewire customer since 2014 and has become the first Belgian insurance company to move InsuranceSuite, as well as Guidewire digital, data and analytics solutions, from an on-premises environment to Guidewire Cloud Platform. The migrations will enable P&V to simplify its IT operations, adapt quickly to changing market conditions, and deliver more value to its policyholders. Rudi Serron, IT Strategy & Governance Director, P&V Group, said: "The professional collaboration between the P&V Group team and the Guidewire team has enabled a smooth transition to the cloud. The platform allows us to remain current thanks to regular updates of features and application capabilities. We are already enjoying the benefits of the migration, including an enhanced focus on innovation, with Open APIs and access to a wide-ranging Marketplace of leading insurtechs." Johan Dekens, Member of the Executive Committee and responsible for People and Technology at P&V Group, said: "I would like to thank the local Guidewire team for their hard work and dedication in helping us to facilitate a successful transition to Guidewire Cloud Platform. This is a strategic decision which will be the bedrock of P&V Group's growth over the next decade. It allows us to be more agile and flexible, helping us overcome the challenges we face, adapt to changing market dynamics, and address heightened customer expectations." Will McAllister, Senior Vice President and Managing Director of EMEA at Guidewire, said: "P&V Group is a great example of a European insurer which is dedicated to continuous innovation in the pursuit of enhancing customer experience. Guidewire Cloud Platform is the ideal platform to support this ambition, helping P&V Group to remove technical debt, improve operational efficiency, and grow profitably. "All of Guidewire is immensely proud of the partnership that we have built with P&V Group over the last 11 years, and we are privileged to call them a customer. I am excited to see the partnership continue to thrive in the years ahead as P&V Group takes advantage of all Guidewire Cloud Platform has to offer." About P&V Insurance P&V Group is a cooperative insurance group in Belgium. The organization provides insurance solutions to individuals, businesses and institutions through its various distribution channels and brands. For more information, please visit About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire's trademarks, visit View source version on Contacts Simon CoughlinSenior Manager, Public Relations - EMEAGuidewire Software, Inc.+44 7436 002 058scoughlin@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
