Oak Reinsurance partnered with Moody’s to adopt applications on the Moody’s Intelligent Risk Platform™, which enables a high-definition modeled view of risk across global catastrophe perils, including the Moody’s RMS cyber, terrorism and climate change model suite. OAK Re has forecast underwriting goals for its launch year, with a target of $300 million gross written premium reinsurance business across a range of areas from property, cyber and terrorism, as well as innovation and transition-focused opportunities.

National Insurance Company partnered with Roadzen’s AI powered XClaim Product. One of the biggest insurers in India, NICL has a total of 34 regional offices, of which 10 joined Roadzen’s AI-powered XClaim platform. Based upon strong performance, NICL has expanded its contract with Roadzen to include an additional four regional offices. Roadzen was selected as a Digital Service Provider for processing AI-based claims after successfully completing a comprehensive vetting of NICL’s Request for Proposal process.

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