The Paytech Magazine Issue 13

Read All Posts From The Paytech Magazine Issue 13

Invision Cyber, founded by Acies with Stuart Essex and James Ingram, partners with Trend Micro to launch a cyber insurance product for US customers, using telemetry-driven underwriting backed by Lloyd’s syndicates.

New Cyber Insurance MGA Launches with Exclusive Partnership with Global Cybersecurity Firm, Trend Micro – Targeting US Customers

Invision Cyber, a new cyber insurance MGA founded by Acies with London and Lloyd’s market veteran Stuart Essex and cyber expert James Ingram, has entered into a strategic partnership with global cybersecurity leader Trend Micro to offer a cyber insurance product tailored exclusively for Trend Micro customers in the US.

Insurtech

Shift Technology launches Shift Claims, an AI-powered claims management platform using agentic AI to automate processes, assist claim handlers, and improve efficiency, with leaders Eric Sibony and Markus Keller highlighting early results.

Shift Technology Launches Shift Claims to Power Claims Transformation with Agentic AI

Shift Technology launched Shift Claims powered by agentic AI Shift Claims helps transform claims operations by assessing and prioritizing cases

Insurtech

Zego CEO Sten Saar introduces the UK’s first app-based telematics insurance, replacing black box devices with smartphone-driven insights to give new drivers fairer, safer, and more transparent car insurance options.

Zego Leads the UK Shift From Black Box to App-Based Telematics Insurance

Zego, the UK’s first insurtech unicorn and a pioneer in telematics insurance, announced its ambition to reshape how drivers think about car insurance.

Insurtech

Capgemini and LIMRA release the World Life Insurance Report 2026, with Samantha Chow and Bryan Hodgens highlighting how insurers must adapt products for millennials and Gen Z by adding living benefits and digital engagement.

Consumers Under 40 Are Skipping Life Insurance as They Delay Traditional Triggers Such as Marriage and Parenthood

The World Life Insurance Report 2026, conducted jointly by the Capgemini Research Institute and LIMRA, shows that even though 68% of adults under the age of 40 see life insurance as essential for a healthy financial future, current offerings do not align with their financial priorities, hindering adoption.

Insurtech

Capital for Life highlights the gender gap in UK life insurance, with Carlton Crabbe urging action as women remain less likely to hold coverage compared to men, leaving dependants financially vulnerable.

50% of UK Women Still Uninsured: The Gender Gap in Life Cover

Despite juggling care roles and household duties, many UK women remain without life insurance, leaving dependants vulnerable. Recent research from Capital for Life and Post Office Life revealed that while 53% of adults say they have a life insurance policy, gender differences persist: 56% of men have coverage compared to 51% of women. That 5-point gap signals a deeper issue in financial protection.

Insurtech

AXA XL’s Cyber Claims Unveiled report shows 88% of incurred cyber losses stem from claims over $1 million, with Fran Gari, Danielle Roth, and Andrew Farr highlighting ransomware trends, detection improvements, and underwriting insights.

Large Loss Claims Account for 88% of All Its Global Cyber Losses, Says AXA XL Study, Revealing Key Trends and Insights

According to an AXA XL claims analysis, 88% of all incurred losses from its cyber claims over the last decade arise from claims that surpass $1 million, suggesting that a relatively small number of large claims are responsible for the majority of cyber losses.

Insurtech

Socotra launches Model Context Protocol (MCP) Server, the first insurance-specific MCP platform enabling agentic AI integration with Socotra Insurance Suite, with Sonny Patel highlighting its AI-ready API design.

Socotra Launches MCP Server, Enabling Fast and Secure Integrations with Agentic AI

Socotra today released its MCP Server, the most mature MCP server in the insurance industry