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Verisk Launches New Underwriting Solution to More Quickly Assess Rebuild Valuefor Commercial Properties in the U.K.
Globenewswire· 2025-10-15 07:15
Core Insights - Verisk has launched Commercial Rebuild, an underwriting solution aimed at providing U.K. commercial property insurance specialists with a customizable model for accurately assessing the rebuild value of small- to mid-market commercial buildings [1][6] Industry Context - The launch comes at a critical time as underinsurance is a significant concern, with a report indicating that nearly 46% of commercial properties in the U.K. are estimated to be underinsured [2] Product Features - Commercial Rebuild allows for remote estimation of reinstatement costs without the need for site visits, using just an address to calculate costs for various commercial premises [3] - The solution combines a tailored surveyor model with high-quality data and technology to help insurers, brokers, and MGAs calculate reinstatement costs more efficiently [4][6] - Key features include minimal input requirements, access via real-time API or web-based portal, and a regularly updated detailed rebuild cost model to align with changing material and labor costs [7] Operational Benefits - The system aims to provide high-quality estimates that align with building industry valuations, making it more economical for insurers to cover small- to mid-market commercial properties [6] - By leveraging comprehensive property datasets and technology, the solution enhances customer satisfaction and simplifies workflows for insurers, MGAs, and brokers [6][8]
MediaAlpha To Report Third Quarter Financial Results on October 29, 2025
Globenewswire· 2025-10-13 20:10
Core Viewpoint - MediaAlpha, Inc. is set to release its third quarter 2025 financial results on October 29, 2025, and will host a Q&A conference call to discuss these results [1][2]. Company Overview - MediaAlpha is recognized as a leading programmatic customer acquisition platform in the insurance industry, connecting insurance carriers with online shoppers [3]. - The company has over 1,200 active partners, excluding agent partners, and facilitated nearly 119 million Consumer Referrals in its marketplaces in 2024 [3]. - MediaAlpha's programmatic advertising technology supported $1.9 billion in spending across various insurance sectors, including property & casualty, health, and life insurance, over the twelve months ending June 30, 2025 [3].
DXC Launches Assure Smart Apps to Accelerate AI-Driven Innovation in the Insurance Industry
Prnewswire· 2025-10-13 04:01
Core Insights - DXC Technology has launched DXC Assure Smart Apps, a suite of AI-powered applications aimed at transforming the insurance industry by enhancing customer engagement and operational efficiency [1][2][3] Group 1: Product Features and Benefits - Assure Smart Apps integrate seamlessly with insurers' core systems using cloud capabilities from Amazon Web Services (AWS) and APIs from the DXC Assure Platform, enabling efficient implementation of AI-driven solutions [2][3] - The applications are designed to address common challenges in the insurance sector, providing features such as self-service capabilities, AI-driven customer support, and intelligent insights for decision-making [7] - The partnership with ServiceNow enhances the workflow technology and AI capabilities of the Assure BPM platform, resulting in an approximate 80% reduction in process design time [4] Group 2: Market Position and Expertise - DXC Technology has over 40 years of industry experience and is a trusted partner for 21 of the top 25 insurers, processing more than 1 billion policies on its software [5] - The modular approach of Assure Smart Apps allows insurers to innovate at their own pace without disrupting existing operations or investments [3]
Health In Tech, AlphaTON Partner to Develop ‘HITChain’ Blockchain Platform for Healthcare Claims on TON
Yahoo Finance· 2025-10-11 13:48
Group 1 - Health In Tech Inc. (NASDAQ:HIT) is recognized as one of the best performing new tech stocks, having signed a non-binding strategic Letter of Intent with AlphaTON Capital Corp. (NASDAQ:ATON) on September 30 [1][2] - The collaboration aims to develop HITChain, a blockchain-enabled healthcare insurance claims processing platform utilizing The Open Network/TON, combining Health In Tech's insurance expertise with AlphaTON's blockchain infrastructure [2][3] - HITChain is designed to tackle inefficiencies, fraud, and lack of transparency in US healthcare claims processing, aiming to reduce administrative costs and enhance trust among stakeholders [3] Group 2 - Health In Tech operates as an insurance technology platform and offers a health intelligence card to streamline medical records and claims management [4] - AlphaTON Capital Corp. is a clinical-stage immune-oncology company focused on pharmaceutical and biotechnology product development [4]
Is the Vanguard Total Stock Market ETF a Millionaire-Maker?
The Motley Fool· 2025-10-07 08:09
Group 1 - The Vanguard Total Stock Market ETF (VTI) is highly diversified, tracking the CRSP U.S. Total Market Index, which includes 3,508 companies listed on American stock exchanges [1][3] - The ETF's top three holdings are Nvidia, Microsoft, and Apple, which together have a combined market value of $12.2 trillion, representing 18.1% of the fund [3][4] - The ETF has delivered a compound annual return of 9.2% since its inception in 2001, with a recent acceleration to 14.6% over the last 10 years, largely driven by tech companies in cloud computing, enterprise software, and AI [7][8] Group 2 - The Vanguard ETF provides exposure to the AI industry but does not rely on its success as heavily as more concentrated index funds like the Nasdaq-100, which has a higher weighting in hypergrowth stocks [5][6] - The ETF's performance may be less volatile, appealing to risk-averse investors, but it has resulted in lower returns during the recent AI boom [5][6] - The ETF could potentially turn a $50,000 investment into $1 million in 22 to 34 years, depending on the annual return rate [8][9] Group 3 - The Vanguard ETF includes smaller companies that may represent emerging growth stories, which are not available in more concentrated indexes [7][10] - Companies like Upstart Holdings, Lemonade, Sprouts Farmers Market, Tenable, and SoundHound AI are examples of growth stories found within the Vanguard ETF [10]
DXC Launches Assure Broking Essentials: AI-Powered SaaS for Small and Mid-Sized Insurance Brokers
Prnewswire· 2025-10-07 04:01
Core Insights - DXC Technology has launched Assure Broking Essentials, an AI-powered multi-tenant SaaS solution aimed at enhancing operations for small and mid-sized insurance brokers [1][2] - The solution addresses challenges in the insurance industry, including the need for digitization, compliance with regulatory requirements, and meeting customer expectations [1][2] - Assure Broking Essentials integrates with partners like ServiceNow and AWS to provide a secure, scalable platform that improves productivity and customer service [2][3] Industry Context - The insurance industry is facing pressures from legacy technology, skills shortages, and outdated processes, necessitating modern solutions [2] - DXC's solution is designed to replace legacy processes with an AI-first operating model, facilitating fast onboarding and integration [1][2] - The platform adheres to evolving regulatory frameworks, including ACORD GRLC standards, ensuring compliance and security [1][2] Company Positioning - DXC Technology has over 40 years of experience in the insurance sector and processes over 50% of transactions in the London insurance market [4] - The company aims to modernize the global insurance ecosystem and expand its portfolio to support brokers of all sizes [3][4] - DXC continues to innovate in core insurance systems, managing over one billion policies processed on its software [4]
DXC Launches APEX Partnership Program to Connect Insurers with Certified InsurTech Providers
Prnewswire· 2025-10-07 04:01
Core Insights - DXC Technology has launched the DXC APEX Program, aimed at simplifying integration and accelerating innovation within the insurance value chain [1][4] - The program addresses the challenge of fragmented and costly integration with third-party solutions, enabling faster adoption of new capabilities for (re)insurers and brokers [2][4] - The DXC Assure Platform serves as a cloud-based service that supports both legacy and next-generation systems, facilitating seamless integration and operational efficiency [3][4] Industry Impact - The DXC APEX Program is designed to help insurance providers modernize their operations and adopt emerging technologies more rapidly [4] - InsurTech providers have joined the program, which allows DXC customers to streamline workflows and reduce costs, driving sustainable growth [4][6] - DXC Technology is a trusted partner for 21 of the top 25 insurers globally, processing over 1 billion policies on its software [4]
Huize Holding Limited Announces Resignation of an Independent Director
Globenewswire· 2025-10-02 09:00
Core Viewpoint - Huize Holding Limited announced the resignation of Mr. Aaron Xiaolei Hou as an independent director, effective September 30, 2025, due to personal reasons, with no disagreements reported with the company [1][2]. Company Overview - Huize Holding Limited is a leading insurance technology platform in Asia, connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions [2]. - The company targets mass affluent consumers and aims to meet their lifelong insurance needs through an integrated online-to-offline insurance ecosystem [2]. - Huize offers a wide range of insurance products and services, enhancing the insurance service chain with proprietary technology-enabled solutions for consultation, user engagement, marketing, risk management, and claims service [2]. Management Changes - Mr. Cunjun Ma has been appointed as the chairperson of the nominating and corporate governance committee, succeeding Mr. Hou [1]. - The company expressed gratitude for Mr. Hou's contributions during his tenure, highlighting his experience and insights as instrumental for corporate governance and strategic development [2].
Verisk Names Saurabh Khemka President of Underwriting Solutions
Globenewswire· 2025-09-30 12:30
Doug Caccese steps into strategic advisor role before leaving Verisk in January 2026 Saurabh Khemka President of Underwriting Solutions JERSEY CITY, N.J., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, today announced that Saurabh Khemka has been named president of Underwriting Solutions, effective immediately. “Saurabh has been a great partner to our underwriting clients and has repeatedly used their n ...
Verisk Introduces New AI Tools to Streamline the Property Claims Experience
Globenewswire· 2025-09-30 12:15
XactAI brings new automated capabilities to Verisk’s Xactware, a leading software for claims professionalsJERSEY CITY, N.J., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading data analytics and technology provider to the global insurance industry, today announced the launch of XactAI: a suite of capabilities powered by artificial intelligence that are purpose-built to enhance efficiency, consistency, and speed in claims handling. Now available as part of the Xactware suite of products for ...