Insurtech Digital takes a look at the best and biggest stories from the past month
WRITTEN BY : AMELIA MATTHEWSON
CYTORA , GEOSMART INFORMATION : STEM FLOOD RISK FOR INSURERS
HISCOX LAUNCHES MARKET-FIRST GEN AI UNDERWRITING MODEL
Hiscox ’ s generative AI-enhanced lead underwriting model enabled by Google Cloud went live . This model , initially developed as a proof of concept in December 2023 , aims to streamline the process of providing sabotage and terrorism insurance quotes .
Cytora has partnered with GeoSmart Information to enhance insurers ’ flood risk assessment capabilities . By integrating GeoSmart ’ s detailed flood data into Cytora ’ s platform , insurers can access comprehensive flood and climate risk data , aiding in risk evaluation and decision-making .
AUB GROUP ENTERS INTO AN EQUITY PARTNERSHIP WITH MOVO GROUP
AUB Group Limited has announced an agreement to acquire an 80 % equity stake in the Movo Group of Companies . The investment aims to expand AUB ’ s presence in the UK retail broking market . Movo will maintain its independence while benefiting from AUB ’ s industry expertise and expanded broker options . insurtechdigital . com 15