Hiscox is rolling out its AI-augmented submission-to-quote tool more widely across Retail after it improved speed to quote by around 75% in two US broker lines.
The EY organization has announced an alliance between INSTANDA, one of the leading AI-augmented no-code insurance platforms, and Ernst & Young LLP (EY UK) to help insurers execute transformation at scale, unlock the potential of AI, and support their people to provide greater value across the business.
Sapiens has launched Sapiens Brain, an insurance-specific AI foundation designed to provide models and agents running on SapiensAIP, the company's recently announced AI platform for the insurance industry, with domain knowledge drawn from the company's insurance software, documentation, and product history.
ElevenLabs has completed a $300m employee tender offer valuing the AI voice and conversational agent company at $22bn, double its valuation at its February Series D. Wellington and T. Rowe Price led the transaction.
Engine by Gen has updated its insurance marketplace, Savvy Insurance Solutions, to support AI agents shopping on consumers' behalf, including assistants such as Muse and Instinct.
Socotra has announced the launch of Socotra Configuration Assistant, a native product experience that turns business requirements into a working product in Socotra.
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