Cytora, a leading digital risk processing platform, has joined forces with hyperexponential, a pricing decision intelligence company, to introduce "supersonic underwriting" capabilities in the commercial insurance sector.

OneDegree Group, a prominent digital asset insurtech leader based in Hong Kong, has successfully raised $55 million in its Series B funding round.

The insurance industry in the Philippines experienced a slight decline in net income, reaching nearly P10 billion in the first quarter, primarily driven by a drop in the life insurance segment.