The Ticker

Agrees to supply ACORD4ALL mapping to Velonetic, formerly London Market Joint Ventures, to support alignment of London proprietary messaging standards for payment and claims processing with ACORD standards as part of Lloyd’s Blueprint Two initiative.

This governance, risk, and compliance platform for mid-market companies raises $10 million in growth capital from MassMutual Ventures and others to expand growth to North America and Europe. Scrut provides scalable GRC tailored to specific organizations in highly regulated industries to deal with compliance requirements.

Launches Sayata Risk Engine, an AI-powered platform that flags specific high-risk accounts that look like they’ll drive up loss ratios.

Names industry veteran Tim Crowe, formerly of Eigen Technologies and Canopius Group, to lead the new RB Jones Innovates division aimed at leveraging AI and machine learning to develop new insurance solutions at the managing general underwriter that provides specialty risk coverage.

Closes $10 million investor raise for the carbon credit insurance company. Oka, which underwrites through its Lloyd’s Oka Syndicate 1922, has partnered with three reinsurance providers and secured a commitment from a Greenlight Re subsidiary. >> Joins with Oregon Biochar Solutions to underwrite coverage for biochar carbon credits.

Rolls out Copilot, a tool to help agents increase revenue streams in the micro business market through identifying leads and customizing insurance policies for them. Agents can send a personalized quoting link to prospects, who can purchase the quoted policy online.

Launches a generative AI solution for actuaries. Model Copilot is aimed at removing up to 90% of the time required to complete common modelling tasks by assisting actuaries in understanding, documenting, and maintaining models.

Reports that the rapid evolution of generative AI technology and the increasing accessibility of “frontier” models are likely to increase the frequency, severity, and diversity of smaller-scale cyber attacks while security and defensive technologies catch up.

Verisk has made a substantial investment in the cyber risk management company. U.K.-based Kynd, which offers a platform that delivers instantaneous and continuous insights into any organization’s cyber risk profile, has expanded into the United States with a team based in Austin, Texas.

Partners with Beazley to significantly expand Ki’s digital follow capacity across open-market classes of business in property, casualty, and specialty. Brokers can now access capacity from Aspen, Beazley, Ki Syndicate 1618, and Travelers through the platform.