Insurance technology news from Elpha Secure, MEMIC, KOBA Insurance and more. (Credit: ESB Professional/Shutterstock)

Elpha Secure selected CyberCube’s new generation of cyber risk analytics tools. The New York-based MGA has licensed CyberCube’s Portfolio Manager platform and its Single Point of Failure Intelligence module. The products will conceptualize Elpha Secure’s risks as the business grows and create a compelling case to attract capacity from providers operating within the insurance-linked securities space.

MEMIC selected Gradient AI for its underwriting solution to better identify risks and improve the underwriting accuracy of workers’ compensation policies. Using Gradient AI, MEMIC can leverage the knowledge of its own people, the power of AI and access to a vast data set containing millions of anonymized underwriting and claim records. This combination has enabled MEMIC to move beyond traditional underwriting to quote policies more accurately, reflecting a company’s unique risks.

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