Joanna England

1 month ago | insurtechinsights.com | Joanna England

Hiscox Re & ILS, the reinsurance and insurance-linked securities division of Hiscox, posted a pre-tax profit of $267.5 million for 2024, marking a significant rise from $221.4 million in 2023. The company also improved its undiscounted combined ratio to 69%, highlighting its strong underwriting performance. Hiscox Re & ILS crossed the $1 billion threshold in insurance contract written premium (ICWP), with a 4.7% increase year-over-year, reaching $1.03 billion.

2 months ago | insurtechinsights.com | Joanna England

As AI innovation accelerates, the lack of coordinated global safeguards is increasing uncertainty for businesses and the insurance sector. With AI adoption expanding across industries, the absence of clear regulatory frameworks presents significant liability, compliance, and cybersecurity challenges.

2 months ago | insurtechinsights.com | Joanna England

Tesla has introduced its first-ever insurance discount for Supervised Full Self-Driving (FSD) users in two U.S. states, marking a key step ahead of its planned launch of unsupervised robotaxi services later this year. According to reports, the initiative, which begins February 1 for new customers and March 8 for existing ones, marks a significant step in Tesla’s push toward autonomous driving and its expanding role in the insurance market.

2 months ago | insurtechinsights.com | Joanna England

The AI model, which has surged to the top of Apple’s App Store downloads, is now being integrated into Roadzen Inc.’s MixtapeAI platform, marking a major step in its expansion into global business applications. Roadzen Inc.), a global leader in AI-driven insurance and mobility solutions, announced today that it has incorporated DeepSeek’s open-source reasoning model into MixtapeAI, its recently launched AI automation platform.

Jan 10, 2025 | insurtechinsights.com | Joanna England

The emotional and financial toll on residents cannot be overstated. With 10 confirmed fatalities and the death toll expected to rise, the human cost is tragic. Meanwhile, survivors face the daunting task of rebuilding their lives amid an uncertain insurance landscape. Five wildfires have scorched nearly 29,000 acres across Los Angeles and surrounding areas, forcing the evacuation of nearly 180,000 residents. These fires have already been deemed the most destructive in the city’s history.