The MENA Insurtech Summit 2024, the premier event for insurance and insurtech stakeholders in the Middle East and North Africa region, concluded on a high note, yesterday, on 13 May in Doha, Qatar. Powered by Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, and partners, the three-day summit, which was held under the theme ‘AI Impact on the Insurance Value Chain’, brought together 1,500 participants including 120 speakers, 40 insurance companies, 40 investors, 50 insurtechs, and an assembly of experts, entrepreneurs, regulators and technology partners from across the region and beyond to explore the latest trends and opportunities in the region’s fast-growing insurtech ecosystem.

Swiss Re launches an augmented version of its Life & Health underwriting manual Life Guide. The new version comes equipped with Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant, developed by Swiss Re, that integrates Microsoft Azure OpenAI Service. Swiss Re Life Guide Scout aims to help increase the efficiency and quality of underwriting by generating swift answers compiled from curated expert knowledge in response to questions asked by the underwriter in natural language.

Studies from Swiss Re and leading life carriers reveal that Electronic Health Records (EHRs) can have a transformative impact on the traditional life & health underwriting process, resulting in quicker, non-invasive decisions for customers, more personalized risk assessment by underwriters, and maintained mortality expectations.

Galytix, the GenAI platform for the financial sector, and Foyer Global Health, the international health insurer for expatriates and companies, today announced a collaboration to implement HealthX, the digital health platform for insurers.

Lumera, a leading insurtech company dedicated to the digital transformation of the European life and pensions industry, has entered an agreement with Nordic life insurance and pension provider Nordea Liv to deliver a new solution for managing the company’s life and pension insurance portfolio in the Norwegian market. 

To address one of the most pressing problems in healthcare,ⁱ Experian® Health, a leading provider in revenue cycle products, announces the launch of AI Advantage™ to mitigate the increasingly high volume of healthcare insurance claims denials.

Bupa (Asia) Limited, a health insurance specialist, and CoverGo, the leading global no-code insurance SaaS platform for health, P&C, and life, are joining forces to streamline Bupa's health insurance ecosystem in Hong Kong.

Healthcare International, a leading provider of International Private Medical Insurance (IPMI) to expats, digital nomads and the internationally mobile has been added to the Health Compass price comparison platform.