We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
Neutrinos, a leading provider of AI-powered intelligent automation solutions for the insurance industry, has announced a significant partnership with a global Fortune 500 life insurance company.
Encova Insurance has named Ramu Lingala as its new Executive Vice President and Chief Information Officer, succeeding longtime CIO Tony Laska, who will retire at the end of this year.
Dutch AI startup MarvelX AI has secured $6 million in seed funding, as it sets out to transform insurance back-office operations through automation and intelligent systems.
InsurTech firm Bestow has raised $120 million in an oversubscribed Series D funding round, marking a significant step forward in its mission to transform the life insurance industry through advanced technology solutions.
mea Platform, the rapidly growing AI solution transforming insurance transactions and operations, has announced the appointment of Mike McGavick as Board Chairman and Strategic Advisor.
Catastrophe modeling firm KatRisk has announced the acquisition of Gamma, a specialist in location intelligence, in a move aimed at enhancing property risk assessment and flood exposure mapping – especially in regions with limited data availability.
Global insurance brokerage HUB International has entered into a definitive agreement for a $1.6 billion minority equity investment, catapulting the company’s valuation to $29 billion—the highest ever for a privately held insurance broker.
Willis, a WTW business, has unveiled the global launch of FinTech Plus, a next-generation insurance solution purpose-built for fintech companies facing increasing complexity, evolving regulatory environments, and cyber risks.
Decant Group, a leading private client business specialising in fine wine and spirits, has announced a strategic long-term partnership with Insurtech firm Embri to embed asset protection insurance directly into its private client marketplace, the Decant Index.
Global insurance brokerage HUB International has announced the acquisition of the assets of FGLP Equity Partners, LLC, doing business as Demarie Insurance Agency.
Farmers and Mechanics Mutual Insurance Company of West Virginia (FMIWV) has partnered with ZestyAI to implement its Z-PROPERTY™ Location Insights platform, in a move to enhance underwriting accuracy and refine risk-based pricing.
Global insurance brokerage HUB International has announced the acquisition of the assets of Allegiant Global Partners (AGP), a Massachusetts-based consulting firm specializing in international health, welfare, and risk strategies for global employers.
AXA Global Healthcare China has entered into a strategic partnership with HSBC Broker-Pinnacle China, a wholly owned subsidiary of HSBC Group, to broaden access to international private medical insurance (IPMI) for high-net-worth individuals in China.
HUB International, a leading global insurance brokerage, has announced the launch of HUB Private Client Small Business Solutions, a new initiative designed to support high-net-worth individuals embarking on entrepreneurial ventures.
Chubb has announced the appointment of Carla Orejas as Head of Major Accounts and Distribution for Continental Europe, the Middle East, and North Africa (CEMENA), effective June 2, 2025.
Sixfold, a company specializing in generative AI for insurance risk analysis, has announced the launch of its latest product feature, Discrepancy Scan.
SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has announced an expansion of its partnership with Swiss Re through the integration of the reinsurer’s CARE (Claims Automated Rules Engine) into its claims process, marking a significant step forward in claims innovation and customer service.
esure, one of the UK’s leading providers of motor and home insurance, has launched a new mobile insurance app developed in collaboration with Caura, a London-based technology startup known for its vehicle management platform.
MediHelp International, a leading provider of international private medical insurance (IPMI) and private medical insurance (PMI) in Poland, Hungary, and Romania, has officially launched operations on CoverGo’s next-generation health insurance platform, marking a major step in its digital transformation strategy across Europe.
MetLife, in collaboration with its exclusive partner Aura, a leading provider of identity theft protection solutions, has introduced a new digital safety offering aimed at helping parents safeguard their children’s mental and physical well-being in today’s increasingly connected world.
MAPFRE, Spain’s leading insurer and the largest multinational insurance group in Latin America, has announced the launch of its Manifesto for a Humanistic, Ethical, and Responsible AI, becoming the first IBEX 35 company to publicly define its principles for the development and use of artificial intelligence.
AXA UK has officially launched its first motor insurance offering under a new strategic partnership with Lloyds Banking Group, becoming the sole provider of car insurance for new business initially under the Group’s Lloyds brand.
Turris, a leading provider of compliance and payment automation solutions for the insurance industry, has announced a new partnership with Loro Insurtech, a SaaS platform that enables digital insurance policy transactions.
In a strategic move to accelerate the adoption of electronic health records (EHR) in life insurance underwriting, MIB Group has acquired medical record retrieval company Clareto from Munich Re Life US.
Insurance has traditionally been slow to evolve—but that’s changing fast. Technology is now not just enhancing the industry; it’s redefining it.
U.S.-based insurtech Coalition has officially launched its Active Cyber Insurance offering in the Nordic region, marking its entry into Denmark and Sweden through its local subsidiary, Coalition Insurance Solutions, filial af Coalition Insurance Solutions GmbH, Tyskland.
Experian has announced the expansion of its Experian Marketplace portfolio through a new partnership with Root Insurance, enabling consumers to seamlessly purchase Root’s coverage directly through the Experian platform.
Likewize, a global leader in device protection, repairs, and premium technical support, has acquired Speedperform, a cutting-edge AI-driven customer support provider, in a strategic move to enhance its technology capabilities and expand its global reach.
FWD Group has announced a three-year extension of its partnership with JA (Junior Achievement) Worldwide, a youth-focused nonprofit and Nobel Peace Prize 2025 nominee.
Earnix, a global leader in dynamic AI for insurance, has announced the acquisition of Zelros, a pioneer in generative AI for insurers and banks, in a move set to transform how financial institutions manage pricing, underwriting, and customer engagement.
Kennedys IQ and litigation analytics firm Solomonic have entered into a new collaboration aimed at integrating litigation data into the insurance lifecycle to support smarter underwriting, claims handling, and compliance.
Sapiens International Corporation has announced a definitive agreement to acquire AdvantageGo, a provider of commercial insurance software specializing in underwriting workbench solutions for the London and global commercial insurance markets.
The Managing General Agents’ Association (MGAA) has entered into a new partnership with Sicsic Advisory to provide enhanced regulatory and risk support for its growing base of members in the Republic of Ireland.
Hiscox has announced the appointment of Phil Withey as Chief Technology Officer (CTO) for Hiscox London Market, further strengthening its leadership team as it accelerates its digital transformation agenda.
QBE North America has unveiled a new commercial property insurance product aimed at providing customized, comprehensive coverage solutions for large companies across the United States.
AssuredPartners has announced a new partnership with Carrum Health aimed at enhancing healthcare options for its self-insured clients.
Global reinsurance group SCOR has named Philipp Rüede as the new Chief Executive Officer of SCOR Life & Health (L&H), effective June 1, 2025. Rüede will also join the company’s Executive Committee.
American Family Insurance Life Company (AFLIC) has announced a new partnership with Empathy, a startup dedicated to providing support for individuals navigating the loss of a loved one.
Cowbell, a leading provider of cyber insurance for small and mid-sized enterprises, has announced the launch of Prime One Tech, a new professional indemnity (PI) and cyber insurance offering tailored for technology companies in the UK.
Riskonnect, a global leader in integrated risk management (IRM) solutions, has announced a strategic partnership with MAPTYCS®, a cutting-edge geospatial intelligence platform, aimed at transforming how organizations assess and respond to property and climate risks.
In a move aimed at transforming property risk evaluation in the insurance industry, Cytora, a leading digital risk processing platform, has announced a strategic partnership with LightBox, a premier provider of U.S. real estate data and geospatial intelligence.
Cloud data security startup Sentra has raised $50 million in a Series B funding round, bringing its total capital raised to over $100 million.
Steadily, a tech-driven landlord insurance startup, has raised $30 million in a Series C funding round, pushing its total valuation to $355 million.
SECUTIX, a leader in digital solutions for the event industry, has partnered with global insurtech Cover Genius to launch a new embedded ticket protection solution aimed at enhancing buyer confidence and streamlining the refund process for event organizers worldwide.
Equisoft, a global leader in digital solutions for the insurance and wealth management industries, has announced the expansion of Vice President Simon Richardson’s role to spearhead growth initiatives across the UK and Europe.
Home insurance provider Orion180 Insurance has announced a new partnership with Jewelers Mutual, aimed at delivering specialised jewelry coverage alongside standard homeowners policies.
Global analytics leader FICO and digital health innovator dacadoo have announced a strategic partnership to revolutionize life insurance risk assessment and customer engagement.
Ocient, a provider of high-performance data analytics software, has raised $42.1 million in a Series B funding round, bringing its total funding to nearly $160 million since its founding in 2016.
New York-based insurtech startup 1Fort has raised $7.5 million in a new funding round led by Bonfire Ventures, with participation from Draper Associates, Ramp founder Karim Atiyeh, and existing backers including Village Global, Operator Partners, 8‑Bit Capital, Character VC, and Company Ventures.
New Zealand-based underwriting agency Ando Insurance has renewed and expanded its partnership with SSP Worldwide as part of a broader initiative to accelerate its digital transformation strategy.
Manulife has announced the appointment of Stephanie Fadous as its next Chief Actuary, effective May 9, 2025. She succeeds Steve Finch, who was recently promoted to President and CEO of Manulife Asia.
Berlin-based insurtech startup Feather has appointed Eloi Lanthiez to lead its operations in France, as the company accelerates its expansion across Europe.
EIS, a leading provider of cloud-native SaaS core platforms, has launched AbsenceLink™, a next-generation solution designed to transform the way insurers and employers manage disability and leave.
Plymouth Rock has named Kevin Zygmunt as its new Chief Operating Officer, the company announced this week.
Ripe, the digital insurance specialist, has completed its acquisition of GJW Direct, a long-standing UK marine insurance brand, from Munich Re Specialty.
RYZE Claim Solutions has announced the acquisition of Acorn Claims, a Missouri-based adjusting firm known for its nationwide daily and catastrophe claims services.
Chapter, a leading Medicare navigation platform, has announced a $75 million Series D funding round led by Stripes, with participation from existing investors including XYZ Venture Capital, Susa Ventures, Addition, Narya Capital, and Maverick Ventures.
Luma Financial Technologies, a leading platform for structured products and insurance solutions, has successfully raised $63 million in a Series C financing round.
Vienna Insurance Group (VIG) has acquired a 48.82% stake in Phinance, one of Poland’s largest financial brokerage firms, in a strategic move to further solidify its presence in the Polish insurance and financial services market.
Qover, a leading insurtech company, has partnered with BMW and MINI to launch a new embedded motor insurance solution tailored for the Irish market.
UK-based insurtech unicorn Marshmallow has raised $90 million (£68 million) in a combination of debt and equity financing, nearly doubling its valuation to $2 billion.
Klaimy, a French insurtech startup aiming to streamline medical document processing for insurers, has raised €1.2 million in pre-seed funding.
Belgian insurance group Ageas has announced a definitive agreement to acquire UK-based digital personal lines insurer esure from Bain Capital in a deal valued at approximately $1.7 billion.
AU Group, a leading global specialist in Trade Credit and Political Risk insurance, has announced a strategic partnership with Export Trade Group (ETG) and its insurance arm, Export Insurance & Risk Solutions (EIRS).
Luxury Escapes and Cover Genius have announced an expansion of their global partnership, introducing enhanced travel protection options for travellers across Europe, North America, the Middle East, and Asia.
ZestyAI, the leader in AI-driven risk analytics for the insurance industry, today revealed that more than 12.6 million U.S. properties are at high risk of hail-related roof damage, representing $189.5 billion in potential replacement costs.
Resilience, a leading provider of cyber risk solutions, has announced the launch of its Technology Errors and Omissions (Tech E&O) coverage for enterprises in the UK and Europe, expanding its offering to companies with more than £50 million in annual revenue amid rising concerns over business interruption.
Meanwhile, a bitcoin-only life insurance startup, has secured $40 million in a Series A funding round, boosting its total funding to approximately $60 million.
Lincoln Financial Group has announced a landmark strategic partnership with Bain Capital, marking a significant step in its long-term growth strategy.
Coalition, the world’s first Active Insurance provider, today announced the launch of its new Coalition Active Cyber Policy, a reimagined surplus lines cyber policy in the U.S. market.
Cytora, the leading digital risk processing platform, has announced a strategic partnership with Vāyuh, an AI-driven weather forecasting and climate analytics company.
Insurtech innovator Optalitix has announced a strategic partnership with SortSpoke, a leader in AI-powered document processing, to transform how insurers handle underwriting data.
Guardian Life and Janus Henderson Group today announced a wide-ranging strategic partnership that will see Janus Henderson take over management of Guardian’s $45 billion investment grade public fixed income portfolio.
Global insurance broker Lockton has announced a strategic partnership with Axio, a leading provider of cyber risk quantification solutions, to strengthen its cyber risk management capabilities.
Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), a registered investment adviser and subsidiary of global reinsurance leader Swiss Re, will assume co-investment management duties for the range of catastrophe bonds and insurance-linked securities (ILS) funds offered by global asset manager GAM.
Cynozure, a leading data, analytics, and AI strategy consultancy, has announced a strategic partnership with Omni, a next-generation business intelligence (BI) platform.
MNK Group has officially unveiled its new unified brand, marking a major milestone in its global expansion strategy.
Insurtech Insights Europe 2025 conference returned to London in March for its annual event, which serves to bring together experts in insurtech and insurance technology from all over Europe, who want to stay abreast of trends, technology and innovation.
CyberCube, the global leader in cyber risk analytics, has announced a new partnership with Baltimore-based retail insurance brokerage Maury Donnelly & Parr, aimed at enhancing the brokerage’s cyber risk advisory and sales enablement processes.
Beazley, the leading specialty insurer, has appointed Sydonie Williams as Head of International Cyber Risks, highlighting both her extensive expertise and the strength of the company’s internal talent pipeline.
Picture this: A car accident claim arrives at a major insurer. Within seconds, AI analyses
photos, cross-references policy details, and flags potential fraud patterns.
In today’s fast-evolving insurance landscape, growth is not just about market expansion—it’s about innovation, adaptability, and delivering superior value to customers.
MetLife has announced a strategic partnership with technology provider SKYGEN to enhance the way dental providers interact with insurance carriers and simplify the credentialing process.
San Francisco-based healthcare startup Thatch has raised $40 million in a Series B funding round led by Index Ventures, with participation from Andreessen Horowitz, General Catalyst, ADP Ventures, SemperVirens, PeopleTech Partners, and The General Partnership.
Foliume, a pioneer in AI-driven insurance automation, has announced a $1 million seed funding round led by Pitchdrive and Wayra (Telefónica’s investment arm), with participation from prominent insurance distribution and tech leaders.
FurtherAI, a San Francisco-based startup developing AI-powered assistants for the commercial insurance sector, has raised $5 million in a funding round led by Nexus Venture Partners, with additional participation from Pioneer AI Fund, South Park Commons, Y Combinator, ConvergeVC, and Xceedence.
iLife Technologies, a prominent technology provider for the insurance industry, has announced its official rebrand as Infras.
Zurich has announced its investment in Icen Risk, acquiring a significant minority stake in the specialist M&A insurance provider.
Digital bank Monzo has announced the launch of a new renters insurance product, expanding its suite of financial services for UK customers.
Assurant has launched Vehicle Care Technology Plus, a new service contract designed to provide enhanced coverage for modern vehicle owners.
Digital Insurance Network Agentero has announced the launch of Producerflow, an advanced insurance compliance software designed to simplify producer management for carriers, Managing General Agents (MGAs), and agencies.
Prudential Financial has announced that Andrew Sullivan officially begins his tenure as Chief Executive Officer today, March 31, 2025.
Allianz Partners UK has renewed its roadside assistance partnership with Volvo Car UK for another three years, reinforcing a collaboration that has been in place since 2010.
Lloyd’s global insurer and reinsurer, MS Amlin, has announced the opening of a new branch in Sydney, expanding its Asia Pacific Reinsurance business, MS Amlin Pacific Pte. Ltd., to Australia.
Hong Kong-based global reinsurer Peak Reinsurance Company Limited (Peak Re) has received approval to establish a reinsurance branch in India’s Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC).
Sompo Insurance has strengthened its presence in Continental Europe after securing regulatory approval to write primary insurance locally in Belgium and the Netherlands.
Insurance technology leader Peak3 is transforming how insurers engage with customers through its groundbreaking accumulator insurance propositions.
A new survey by Cytora, the digital risk processing platform, has highlighted risk digitisation as the leading technology priority for commercial insurers across North America and the UK.
Expert.ai, a leading provider of artificial intelligence enterprise solutions, has announced the launch of its groundbreaking EidenAI Suite at Insurtech Insights 2025, Europe’s premier insurtech event.
Kennedys IQ SmartRisk combining generative AI with insight-led structured decision making and regulatory compliance
Yokahu, a leading innovator in parametric insurance, has unveiled cat-risk.com, the first independent, many-to-many parametric exchange designed to revolutionize disaster risk finance within the London re/insurance market.
Insurtech Insights’ Portfolio of Events and Programs Marks Emerald’s Entry into the Insurance Technology Industry and Community
Peak3, a global insurance technology leader, is accelerating its expansion plans in the UK and European markets following a successful US$35 million Series A funding round.
Ahead of insurtech insights Europe, we get to know Ron Rock and Jobs Ohio a little better!
ResiQuant, an insurtech startup transforming property risk assessment, has announced a $4 million seed funding round led by LDV Capital, with participation from Foothill Ventures, Pear VC, Alumni Ventures, and strategic angel investors.
Global insurtech bolttech has appointed Ridhi Chaudhary, Chief Investment Officer, Dragon Fund by Liquidity and MUFG, to its Board as a Non-Executive Director.
Cinven is on the verge of completing the sale of Viridium Group, Germany’s largest life insurance administrator, to an Allianz-led consortium for €3.5 billion ($3.8 billion).
Sixfold, a pioneer in generative AI solutions for insurance risk analysis, has unveiled a revolutionary AI Accuracy Validator, designed to bolster underwriter confidence in AI-driven risk assessments.
Laka, a specialist bicycle insurer, has announced the acquisition of the Luko e-scooter business in France from Allianz Direct, marking its third acquisition in the past 18 months.
Marsh, a global leader in insurance broking and risk advisory, and a subsidiary of Marsh McLennan (NYSE: MMC), has announced the launch of Cyber Echo Encore, an enhanced version of its flagship Cyber Echo insurance facility.
The insurance industry is in constant motion, and this week has seen a flurry of significant talent shifts. From top-level executive appointments at established giants like Lloyd’s to the recruitment of specialised data scientists and cybersecurity leaders, the industry is making bold moves in its talent strategy.
The countdown is on as Insurtech Insights EU 2025, Europe’s premier insurance technology conference, prepares to open its doors next week, on March 19th, at the InterContinental London – The O2. Industry giants are set to gather, shaping the future of insurance in a dynamic two-day event.
Chubb has announced the creation of a new division, North America Small & Lower Midmarket, consolidating its Lower Middle Market and Digital Small Business divisions to better serve these growing segments.
Kita, a Lloyd’s of London coverholder specializing in carbon insurance, has announced its expansion into Australia, extending its coverage to companies within the region.
ZestyAI’s advanced risk platform will boost Lemonade’s Climate and Property risk decisions.
Norm Ai, a compliance AI platform, has secured $48 million in a recent funding round, signaling strong investor confidence in its technology designed to streamline regulatory adherence within the insurance industry and beyond.
Vitesse, a global treasury and payment provider for the insurance sector, and Five Sigma, an AI-powered claims management technology innovator, have announced a strategic partnership aimed at streamlining claims payouts and enhancing customer experience.
FWD Group Holdings Limited (FWD Group) has announced its full-year results for 2024, marking a significant milestone with its first net profit under the International Financial Reporting Standard (IFRS) 17.
In the dynamic world of insurance, innovation is no longer a luxury, but a necessity. At the forefront of this transformation is Joel Agard, Group Head of Innovation at Zurich Insurance Group.
Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, has announced a strategic partnership with InsCipher, an insurtech company specializing in surplus lines tax filing and reporting.
Coalition, a leading provider of Active Insurance focused on proactive digital risk prevention, has released its Cyber Threat Index 2025, revealing critical insights into the evolving cybersecurity landscape.
Marsh has announced the appointment of Andrew George as President of Marsh Specialty, effective immediately.
Joanna England speaks with Nick Ielpo, UK Country Manager and the driving force behind Prima’s expansion into the UK market.
Nirvana Insurance, a California-based trucking insurance startup, has announced an $80 million Series C funding round, propelling its valuation to nearly $850 million.
London-based insurtech Wrisk has announced record-breaking financial results for 2024, marking its third consecutive year of growth across all areas of the business.
Heading into Spring 2025, the investment landscape for insurtech is being shaped by the lingering aftershocks of 2024’s volatile global environment.
Allianz Trade, the world’s leading trade credit insurer, today announced the launch of its standalone Business Fraud Insurance in Ireland, to help firms with more than 20 employees combat the growing threat of employee and third-party fraud.
Outmarket AI, a commercial insurance intelligence platform, has raised $4.7 million in seed funding, marking a significant milestone in its growth and development.
The insurance industry is in constant motion, and this week has seen a flurry of significant talent shifts. From top-level executive appointments at established giants like Lloyd’s to the recruitment of specialised data scientists and cybersecurity leaders, the industry is making bold moves in its talent strategy.
InsureVision, a company specialising in AI-powered contextual driving risk assessment, has announced a $2.7 million seed funding round.
Previsico, an insurtech company specialising in live flood alerts, has secured further funding to support its growth, particularly in the United States.
Manulife has rolled out generative AI (GenAI) tools and learning programs to 100% of its global workforce, marking a significant milestone in its digital transformation strategy.
AXA XL has announced a partnership with Darkweb IQ, a cybercrime prevention firm specializing in ransomware protection, data security, and third-party risk management.
Despite significant growth in microinsurance, nearly 90% of people worldwide remain vulnerable to escalating risks such as climate change, health crises, natural disasters, and conflicts, according to the newly released Landscape of Microinsurance 2024 report.
MAPFRE RE has entered into a strategic three-year partnership with CyberCube to enhance its cyber risk management capabilities and expand its presence in emerging markets.
Insurtech firm CoverForce has raised $13 million in a Series A financing round led by Insight Partners, with additional participation from Nyca Partners.
Fadata, a global leader in core insurance software, has launched the latest version of its flagship solution, INSIS, equipping insurers with enhanced capabilities to streamline operations, improve security, and adapt to evolving market demands.
When disaster strikes, policyholders need swift and reliable payouts. Phillip McGriskin, CEO and co-founder of Vitesse, understands this better than most. His company is transforming the insurance claims process with real-time global payments, cutting through traditional bottlenecks and ensuring rapid relief.
The Colorado FAIR Plan has teamed up with ZestyAI, a leader in AI-powered climate and property risk analytics, to enhance insurance accessibility for homeowners facing coverage challenges due to climate-related risks.
InsuranceDekho, a leading Indian insurtech platform, has announced a US$70 million funding round, co-led by Beams Fintech Fund, Japan’s Mitsubishi UFJ Financial Group (MUFG), and insurer BNP Paribas Cardif through its insurtech fund managed by Eurazeo.
CompScience, a provider of safety solutions and workers’ compensation insurance, has partnered with Bender Insurance Solutions and the California Manufacturers & Technology Association (CMTA) to introduce a new insurance program tailored to California manufacturers.
Kin, a direct-to-consumer, digital home insurance provider, has announced its expansion to offer home insurance coverage throughout the state of California.
Global insurance and reinsurance broker Aon, has completed its acquisition of Mitsubishi Chemical Group’s (MCG) in-house insurance agency business.
Tesla has released its 2024 financial results for its three licensed insurance carrier subsidiaries, which provide coverage for Tesla vehicles in multiple states.
Lloyd’s, the world’s leading insurance and reinsurance marketplace, has released a new systemic risk scenario warning that a hypothetical solar storm could result in global economic losses of up to $2.4 trillion over a five-year period.
Dolphin Technologies has released a no-code platform designed to streamline the implementation of smartphone telematics pilot programs for insurance providers.
Chubb Limited has announced agreements to acquire Liberty Mutual’s property and casualty (P&C) insurance businesses in Thailand and Vietnam, specifically LMG Insurance in Thailand and Liberty Insurance in Vietnam.
Loro and Faura have announced a strategic partnership aimed at providing Property Managing General Agents (MGAs) and Carriers with enhanced digital distribution capabilities and improved risk selection.
Japan Post Insurance is exploring a potential investment of up to $2 billion in a new reinsurance co-investment vehicle sponsored by Global Atlantic Financial Group, a U.S. life, retirement, and annuities insurance and reinsurance company.
Cyber insurance leader Coalition has announced a $30 million equity investment from Mitsui Sumitomo Insurance Co. (MSI), a subsidiary of MS&AD Insurance Group, the largest non-life insurer in Japan and the Asia-Pacific region.
Unum Group has entered into a $3.4 billion reinsurance transaction with Fortitude Reinsurance Company.
Fusion Specialty, a global underwriting agency specialising in mergers and acquisitions (M&A) insurance, has selected Insly to provide end-to-end insurance software across its global operations.
The insurance industry is in constant motion, and this week has seen a flurry of significant talent shifts. From top-level executive appointments at established giants like Lloyd’s to the recruitment of specialised data scientists and cybersecurity leaders, the industry is making bold moves in its talent strategy.
CompScience, a leading provider of AI-driven risk prevention solutions in commercial P&C insurance, has secured $27.6 million in a Series B funding round led by Sands Capital.
Howden Group has acquired Major Insurance Services, a general insurance brokerage located in Bunbury, Western Australia.
Chubb Limited (NYSE: CB) has announced key leadership changes in its European, Middle Eastern, African, and North American operations, effective April 1, pending regulatory approvals.
Swiss Re, Aviva and Hiscox Re & ILS have all reported strong profit margins following the release of their fiscal data – showing impressive growth in several areas.
Lemonade (NYSE: LMND), the homeowners and renters insurance provider, has reported its “best quarter ever”, showcasing strong customer growth and a surge in in-force premiums.
Cytora, a leading digital risk processing platform, has announced a strategic partnership with Confianza, an insurtech specialising in targeted risk selection and loss ratio improvements.
UK-based pet insurance startup Napo has raised £12 million in a Series B funding round, bringing its total funding to date to approximately £36 million.
FloodFlash has announced that it has agreed to be acquired by NormanMax Insurance Holdings, Inc., pending approval from the UK’s Financial Conduct Authority (FCA).
Texas-based insurtech startup Adaptive Insurance has raised $5 million in a seed funding round led by Congruent Ventures, with participation from Montauk Climate, Generation Space, and other private investors.
The CareVoice has announced the launch of its next-generation CareVoiceOS platform, a key development following the company’s Series B funding round last year.
Akur8, a leading provider of machine learning-powered pricing and reserving solutions, has announced an expanded strategic partnership with Deloitte Canada, a global leader in consulting and actuarial services.
Azos, a Brazilian insurtech specialising in life insurance, has secured $30.5 million in a Series B funding round led by Lightrock.
Consumer confidence in artificial intelligence (AI) within the property and casualty (P&C) insurance sector is on the decline, according to Insurity’s 2025 AI in Insurance Report.
Floodbase, a leading provider of flood data and analytics, has secured a $5 million investment led by Ecosystem Integrity Fund, with additional participation from Pulse Fund.
The insurance landscape is constantly evolving, driven by technological advancements, shifting customer expectations, and a dynamic global economy.
CyberCube, a leading provider of cyber risk analytics, has announced a strategic partnership with Feathery, an AI-driven automation solutions company.
Euroins Bulgaria, a subsidiary of Euroins Insurance Group (EIG) and part of Eurohold, has successfully completed a capital increase, raising BGN 115 million (€58.8 million).
Specialty Risk Re (SRR), a collateralised reinsurance company founded in 2024, has announced the successful completion of a $50 million institutional funding round. The investment was led by private equity firm NMS Capital Group.
BlueOrchard Finance, a Swiss impact investment manager, has announced that its InsuResilience Investment Fund II (IIF PE II) has reached its fundraising target of US$100 million.
Adrien Lebègue, CEO of EMEA at Peak3 discusses what lessons UK insurers can take from the APAC region.
Chinese insurtech company Waterdrop has partnered with DeepSeek, integrating large-scale AI models into its insurance operations to drive business growth and innovation.
The insurance industry is in constant motion, and this week has seen a flurry of significant talent shifts. Frm top-level executive appointments at established giants like Lloyd’s to the recruitment of specialised data scientists and cybersecurity leaders, the industry is making bold moves in its talent strategy.
The insurance industry has long relied on human expertise to assess and manage risk, says Karim Derrick, Chief Products Officer at Kennedys IQ. Underwriters, claims handlers, and legal professionals play a crucial role in decision-making, balancing data-driven analysis with professional judgment.
AI-driven insurtech company COVU has increased its Series A financing to $22 million, aiming to scale its artificial intelligence capabilities and expand its market presence.
In an industry often criticised for its slow adoption of technology, Mohandeep (Deep) Singh is leading a revolution. As the Founder and CEO of Agiliux, a pioneering insurtech company, Singh is on a mission to transform how insurance is distributed, managed, and experienced.
MAWDY, the assistance subsidiary of MAPFRE, and Vittoria Assicurazioni, Italy’s eighth-largest non-life insurance company by premium volume, have reinforced their partnership with a new service provision alliance.
SGS Engineering, a major UK retailer of tools and equipment, has partnered with Embri, an embedded insurance platform, to offer customers theft and damage protection at the point of sale.
Resilience, a leading cyber risk solutions company, has announced an expansion of its partnership with RSA to offer US-based businesses access to cyber insurance capacity through the London wholesale market.
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan (NYSE: MMC), today announced the addition of significant new capacity to its Fast Track facility, which is projected to reach billion-dollar milestone in 2025.
NEXT Insurance has announced a partnership with ZestyAI to integrate artificial intelligence into its underwriting process, aiming to provide small business owners with more tailored and efficient insurance coverage.
Muffintech, a Berlin-based insurtech startup, has announced a €3.5 million funding round to further develop its AI-driven solutions for insurance companies and brokers.
Delfina, a San Francisco-based company using AI to improve maternal healthcare, has announced a successful $17 million Series A funding round.
Lloyd’s, the world’s leading insurance and reinsurance marketplace, has announced the expansion of its Enhanced Liquidity Fund range with the launch of two new EUR and GBP Enhanced Yield Liquidity Funds.
With over 20 years of experience in financial services, Marina Belezina has developed a sharp business instinct that has guided some of the biggest players in the industry.
ServiceNow has announced the appointment of Nigel Walsh, the former Head of Global Insurance for Google Cloud, as the new head of its Global Insurance division.
Earnix, a global provider of intelligent decisioning SaaS solutions for regulated industries, has unveiled Earnix Copilot, “Alix,” a generative AI-powered assistant designed to enhance productivity and business performance for insurance and banking organisations.
Generali Hong Kong has joined forces with insurtech firm YAS to enhance personalised insurance solutions, integrating cutting-edge technology to deliver smarter, more adaptive coverage for modern consumers.
QBE North America Foundation has partnered with nonprofit InnSure and the City of Salem, Massachusetts, to launch a pilot program aimed at increasing resilience against climate-driven flood risks.
McGill and Partners has become the first London market broker to implement Agentic AI capabilities, launching its own AI agent powered by Salesforce’s Agentforce platform.
CyberCatch Holdings, Inc, a cybersecurity firm specialising in AI-enabled compliance and risk mitigation, has launched an innovative no-application cyber insurance policy as a benefit for businesses using its cybersecurity platform.
Hub International has announced the acquisition of Yavitz Insurance Group, a St. Louis-based insurance agency specialising in commercial and personal coverage.
A new $9.25 million climate risk insurance policy has been launched to protect vulnerable communities in Syria from the devastating impacts of drought, backed by the Insurance Development Forum (IDF), Swiss Re, Hiscox, and Howden, will provide financial relief to support the World Food Programme (WFP) in responding to food insecurity caused by extreme climate events.
Wopta Assicurazioni, an Italian Managing General Agent (MGA), has successfully closed a €4 million funding round, bringing its total investment to €12 million.
The insurance industry is in constant motion, and this week has seen a flurry of significant talent shifts. Frm top-level executive appointments at established giants like Lloyd’s to the recruitment of specialised data scientists and cybersecurity leaders, the industry is making bold moves in its talent strategy.
Convex Group Limited (“Convex”), the international specialty insurer and reinsurer, has announced it has received in-principle approval to launch Lloyd’s Syndicate 1984. The syndicate is expected to begin underwriting in April 2025.
Business insurance provider Vouch has announced the acquisition of StartSure Insurance Services, Inc., expanding its capabilities to better serve high-growth companies and small businesses.
HDI Global Insurance Company, the U.S. subsidiary of international corporate and specialty insurer HDI Global SE, has announced the launch of a new Environmental Liability product line to expand its presence in the environmental risk sector.
Clearcover, a next-generation auto insurer, has launched the Clearcover Inter-Insurance Exchange (CIX), a reciprocal insurance exchange aimed at expanding its presence in the non-standard auto insurance market.
High Definition Vehicle Insurance (HDVI), a technology-driven commercial auto insurance provider, has secured $40 million in growth capital, bringing its total funding to over $87 million.
GRAIL, Inc. and Quest Diagnostics have announced a collaboration to streamline physician access to GRAIL’s Galleri® multi-cancer early detection (MCED) test.
The UK and US collective decision not to sign a global AI declaration, underscores a growing division over international regulation and raises concerns about the emerging risks of unregulated AI, say insurance business leaders. Insurtech Insights gets the lowdown from Mark Kirby, Professional Services Director at Intersys Ltd. and Risto Rossar, Founder and CEO of Insly.
McGill and Partners, the independent global specialty insurance and reinsurance broker, today announces the launch of Auton Green, an expansion of its fully digital, auto-follow facility, Auton, to include additional, market-leading capacity for onshore renewable energy risks.
McKenzie Intelligence Services (MIS) and the California Insurance Emergency Response Association (CIERA) have announced a one-year partnership to enhance insurance industry coordination in response to major catastrophic events in California.
Cynozure, a leading data, analytics, and AI strategy consultancy, has launched its latest report, The Path Ahead: Priorities, Challenges, and Opportunities for Data Leaders in 2025.
Africa Specialty Risks (ASR) has appointed Sylvain Coutu as Head of Innovation and Sustainability, reinforcing its commitment to developing parametric insurance solutions in emerging markets.
MAPFRE has reported €992 million in net profit for 2024, reflecting a 29% increase from the previous year.
With projections indicating that over 100,000 new homes could be built in flood-prone areas across the UK in the next five years, Swiss Re is calling for urgent government action to mitigate future risks.
Comulate, a startup specialising in accounting automation and revenue intelligence for insurance brokers, has raised $20 million in a Series B funding round led by BOND and Workday Ventures.
SelectQuote Insurance Services, a leading Medicare broker, has announced a $350 million strategic investment from funds managed by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners.
Duck Creek Technologies, a leading provider of intelligent solutions for the property and casualty (P&C) and general insurance industry, has announced a strategic partnership with Worldpay, a global leader in payments technology.
Intelligent automation specialist, Neutrinos, has launched its AI Agent Composer, a cutting-edge platform designed to help insurers integrate AI-driven decision-making, automate complex tasks, and enhance customer engagement.
ZestyAI, a leading provider of AI-powered climate and property risk analytics, has partnered with Safepoint Holdings to enhance precision underwriting and streamline property inspections through artificial intelligence.
Marsh has announced the appointment of Nigel Hinshelwood as Chair of Marsh Limited in the UK, effective March 31, 2025, pending regulatory approval. He will succeed Tom Colraine in the role.
Alpha Insure, a leading South African insurance underwriter, has selected Akur8’s next-generation pricing and reserving platform to enhance its pricing capabilities.
Legal & General (L&G) has announced the sale of its U.S. term life insurance business to Japan’s Meiji Yasuda for $2.3 billion, marking a significant shift in its U.S. operations.
Sun Life U.S. has expanded its Family Leave Insurance (FLI) offering to Georgia, Louisiana, Mississippi, and South Carolina, further broadening access to paid leave benefits for workers in these states.
Vigil, a data platform for the annuity industry, has raised $1.3 million in pre-seed funding to expand its API-driven automation solutions for insurance carriers.
Zurich is strengthening its European presence with the acquisition of 4Care (For Care SpA) in Italy, while simultaneously introducing key enhancements to its private client insurance products in the UK.
Business insurance startup Upcover has raised $19 million in funding to fuel its expansion, including $11 million in Series A investment led by RealVC, with participation from Antler Elevate, BetterLabs, and Gandel Invest.
MAPFRE Re has announced a reconfiguration of its organizational structure, set to take effect on March 1, 2025, as part of its efforts to enhance strategic focus, expand its Life business, and strengthen relationships with clients and brokers.
Cytora has launched version 3.0 of its digital risk processing platform, featuring enhanced capabilities powered by agentic AI.
CLARK, Europe’s leading digital insurance broker, has introduced its first fully digital underwriting solution in the UK through its brand Polly.
Pinpoint Predictive, Inc., a leading risk assessment platform for Property and Casualty (P&C) insurers, has announced a strategic partnership with Lightspeed Specialty Insurance Solutions to integrate advanced loss prediction technology into Lightspeed’s pricing models.
The insurance industry is in constant motion, and this week has seen a flurry of significant talent shifts. Frm top-level executive appointments at established giants like Lloyd’s to the recruitment of specialised data scientists and cybersecurity leaders, the industry is making bold moves in its talent strategy.
EIS, a leading SaaS core platform provider for the insurance industry, has announced that Sompo Japan Insurance Inc. (Sompo Japan) has selected its advanced AI fraud detection solution, ClaimGuard™, to enhance its efforts in preventing fraudulent automobile insurance claims.
IAG Firemark Ventures, the corporate venture capital arm of general insurer IAG, has announced an investment in 7Analytics, a flood data platform that enhances insurers’ ability to assess flood risks in response to urbanisation and climate change.
LoadStar Insurance Services, a managing general agent (MGA), has partnered with Redkik, a global software provider specialising in logistics and transportation insurance, to modernise customs inspection coverage.
Markel, the insurance division of Markel Group Inc. (NYSE: MKL), has successfully migrated Guidewire ClaimCenter from an on-premise system to Guidewire Cloud, streamlining claims processing and IT operations for its U.S. specialty lines.
Resilience, a leading cyber risk solutions provider, has introduced Vendor Risk Report (VRR), an integrated tool designed to help enterprises assess and mitigate third-party cyber risks within their supply chains.
The insurance industry started 2025 with a wave of mergers and acquisitions, as companies sought to expand their market reach, strengthen capabilities, and enhance digital transformation efforts.
According to the Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan (NYSE: MMC), global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 – and marking the second consecutive quarterly decrease following seven years of rising rates.
WisePal, a financial wellness startup, has launched its own in-house independent insurance agency, leveraging Bindable’s Insurance-as-a-Service platform to offer property and casualty (P&C) insurance directly to its customers.
Qantev, a leading AI-driven claims management platform for health and life insurance, has announced a strategic partnership with INSTANDA, the fastest-growing and largest no-code policy administration platform in the global insurance market.
Insurtech Faura has joined Guidewire’s Insurtech Vanguards program, an initiative led by property and casualty (P&C) cloud platform provider, Guidewire, to help insurers learn about the newest insurtechs and how to best leverage them.
ARMD, a UK-based insurance MGA dedicated to serving the £6.5 billion tradespeople market, has announced a multi-year capacity agreement with Accelerant, a technology-driven risk exchange provider.
Duck Creek Technologies has unveiled its Payments Marketplace, an end-to-end payment ecosystem designed to streamline transactions and enhance customer experiences for insurers worldwide.
Zurich Insurance Group has signed a long-term carbon dioxide removal agreement with Nellie Technologies, marking a significant step in its corporate decarbonization strategy.
Lockton, the world’s largest independent insurance broker, has named Mark Jones as its new International Chief Financial Officer (CFO), effective immediately.
Aon has announced a partnership with Joshin, a provider of neurodivergent and disability support services, to help employers improve workplace inclusivity and access data-driven insights on neurodiversity programs.
In a significant move to enhance workers’ compensation coverage options, Bold Penguin has announced a new partnership with EMPLOYERS.
Healthee, an AI-powered employee health solutions provider, has published its first-ever industry report, “The 2025 Benefits Divide,” offering a retrospective analysis of 2024 workplace health and benefits trends.
The American Association of Insurance Services (AAIS) has announced that Inforce has joined its Partner Program.
Hiscox has launched a new Financial Institutions (FI) insurance offering, providing tailored coverage for banks, insurance companies, and asset managers worldwide, with a particular focus on North America, the UK, Australia, and Europe.
San Diego-based XILO, a provider of quoting software for independent insurance agencies, has successfully raised $7.2 million in its latest Series A funding round.
Trucordia has announced the acquisition of CADA Insurance Services’ insurance business, further strengthening its footprint in Louisiana.
Tesla has launched its first-ever insurance discount for drivers using its Supervised Full Self-Driving (FSD) technology, offering savings of up to 10% on premiums for policyholders in Texas and Arizona.
Adapting to climate change: A call for flood risk collaboration among insurers, Government, and industry by Jonathan Jackson, CEO of Previsico
World Insurance Associates, a Top 50 insurance brokerage, has announced the acquisition of Stern Insurance Group (SIG), based in Scottsdale, Arizona.
Home insurance startup Openly has announced a $193 million growth financing round, bolstering its expansion efforts and reinforcing its position as a leader in the insurtech space.
The Allstate Corporation has announced a definitive agreement to sell its Group Health business to Nationwide for $1.25 billion in cash, subject to closing adjustments and regulatory approvals.
The insurance industry is in constant motion, and this week has seen a flurry of significant talent shifts. From top-level executive appointments at established giants like Lloyd’s to the recruitment of specialised data scientists and cybersecurity leaders, the industry is making bold moves in its talent strategy.
DeepSeek, the Chinese artificial intelligence (AI) model that has taken the tech world by storm, continues to make waves with its latest industry partnership.
Ki Insurance, the algorithmically-powered Lloyd’s digital follow platform, has announced a partnership with QBE Insurance. QBE will become a capacity partner on the platform, expanding the range of insurance solutions available to brokers.
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has announced the appointment of Alexandra Cliff as its new Chief Financial Officer (CFO), effective May 1, 2025.
Hedgehog Risk, a specialist provider of sports and prize insurance, has received a significant investment from SIG Insurance, part of the Susquehanna International Group, a global quantitative trading and investment firm.
CyberCube, a leading provider of cyber risk analytics software, has announced a strategic partnership with Acclaim Insurance Brokers, one of Singapore’s premier risk consultants and insurance brokers.
Insurtech companies have kicked off 2025 with a bang, securing significant funding rounds in January. This surge in investment signals a promising start to the year for the industry, with investors expressing confidence in the sector’s potential for growth and innovation.
French insurtech unicorn Alan has reported a significant increase in annual recurring revenue (ARR), reaching €505 million in 2024—a 48% growth from the previous year’s €340 million.
Pula Foundation, a Rwandan-based insurtech company, has received a €10 million grant from the Bayer Foundation to expand access to climate risk insurance for 10 million smallholder farmers by 2030.
Nationwide is extending the reach of its Securities-Backed Line of Credit (SBLOC) offering, Nationwide Smart Credit, through a strategic partnership with Integrity Wealth.
Wopta Assicurazioni, an Italian insurtech company, today announced the successful completion of a funding round that included a club deal led by Belluzzo International Partners, bringing total funding to €12 million.
Mangrove Property Insurance Company, a newly formed Florida insurer, has received regulatory approval to begin offering property and casualty insurance to homeowners in the state.
London Underwriters (LU)has announced a partnership with NormanMax Insurance Solutions (NMIS) to expand its offerings of parametric insurance solutions.
Berkshire Hathaway Specialty Insurance (BHSI) announced the appointment of Francesco Longobardo as Head of Casualty in Italy, further expanding its leadership and underwriting capabilities in the region
London Underwriters LLC (LU), a leading national wholesale insurance broker, has announced a strategic partnership with Blitz Insurance to enhance access to Specialty Excess & Surplus (E&S) coverage.
Discover how AI, climate change, and other forces are reshaping the insurance landscape. This list features five webinars to add to the diary, that offer valuable insights and explore innovative solutions for industry professionals.
AXA XL has appointed Tim Whisler to lead its Wholesale Business in the Americas. Reporting to Lucy Pilko, CEO Americas, he will oversee the company’s Programs and Excess & Surplus (E&S) segments and lead the Wholesale Underwriting unit.
AIG has announced an expanded leadership role for Jon Hancock as the company reorganises its operations into three distinct business segments: North America Commercial Insurance, International Commercial Insurance, and Global Personal Insurance.
Aviva has selected AutoRek, a leader in automated reconciliation solutions, to enhance its reconciliation and CASS compliance processes.
Data analytics and pricing solutions Insurtech Optalitix, has announced its partnership with Tokio Marine HCC International (TMHCCI) to enhance its London Market underwriting and pricing systems.
AXA UK has been awarded the 2025 UK Underwriting Service Quality Marque (SQM) by Gracechurch, an independent insurance research consultancy specialising in performance benchmarking. This accolade highlights AXA’s exceptional underwriting service in the UK regional market.
Carbon Underwriting, the specialist independent managing general underwriter and Lloyd’s syndicate, has announced a major step forward with the launch of its international healthcare division.
John Carter, the President and Chief Operating Officer of Nationwide Financial, has announced his plans to retire at the end of the year, concluding a remarkable 40-year career in the financial services industry.
Chubb has announced two key leadership appointments within its Overseas General Insurance (COG) business.
Previsico, a leader in flood forecasting, has partnered with Descartes, a global provider of corporate parametric insurance solutions.
Prudential Financial, Inc. (NYSE: PRU) and Dai-ichi Life Holdings announced today their intent to pursue a strategic partnership focused on product distribution and asset management capabilities.
Italian insurer Generali has announced a strategic research collaboration with the Massachusetts Institute of Technology (MIT) to develop cutting-edge applications of Artificial Intelligence (AI) that could reshape the insurance industry.
MGT Insurance, an AI-powered commercial insurance provider, today announced the launch of MGT Specialty, a new surplus lines E&S company.
The Coalition for Green Capital (CGC) today announced a significant investment of $200 million in GreenieRE, a newly formed insurance company dedicated to supporting the growth of clean energy projects.
FastTrack, a leading provider of claims solutions and services to the life and disability insurance industry, today announced a partnership with RGA to bring its advanced digital life and life waiver of premium workflow automation and claims system technology to clients and prospects.
The insurance industry is experiencing a wave of activity, with recent executive appointments and departures sparking notable shifts. From leadership changes at major insurers to strategic hires at startups, the sector is in a period of significant transition.
Equisoft has announced the acquisition of VisCalc, an Atlanta-based provider of SaaS illustration software for small to mid-sized life insurance carriers.
The Fidelis Partnership, a leading Bermuda-based Managing General Underwriter (MGU), has announced its participation in the International Group of P&I Clubs’ (IGPIA) historic $3.1 billion global marine liabilities reinsurance program.
Aon plc (NYSE: AON), a leading global professional services firm, today announced the appointment of Puneet Swani as head of Talent Solutions for Asia Pacific.
Aon, a leading global professional services firm, today announced the launch of a dedicated life and health reinsurance practice in India.
Descartes Underwriting, a global corporate insurer, today announced the launch of a new parametric insurance product designed to protect utility-scale solar farms against tornado damage.
Qantev, an AI leader in health and life insurance, and InsureMO, a foundational platform for the global insurance ecosystem, today announced a strategic partnership.
Weecover, the Barcelona-based insurtech innovator specializing in embedded insurance, today announced the successful closing of a €4.2 million funding round.
Dubai International Financial Centre (DIFC) has announced a strategic collaboration with Lloyd’s, the world’s leading insurance market, to drive talent development in the insurance and reinsurance industry.
The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a global leader in data analytics and technology, has released estimates for insured industry losses resulting from the Palisades and Eaton fires.
Knighthead Insurance Group has acquired Merit Life Insurance Co., marking its expansion into the U.S. market with a rebranded entity, Knighthead Life.
DUAL Europe has announced the launch of DUAL Cyber Active Protect, a new product that combines comprehensive Cyber Insurance with proactive Cyber prevention services, and a new entity, DUAL Cyber Prevention and Response (DUAL CPR), which offers customized incident prevention and management solutions.
Canada’s insurance landscape is set for a transformative shift as Beneva, the country’s largest mutual insurer, and Gore Mutual, one of its oldest property and casualty mutual insurers, announce their plans to merge.
Celonis has launched a new AI Agent that helps prevent insurance claim leakage. Co-developed by Celonis and Apolix the new Claims Management Control Center app provides end-to-end visibility into the insurance claims process and actionable insights to reduce leakage by optimising throughput time, prioritisation, and process adherence.
Flow Specialty, the wholesale 3.0 specialty commercial brokerage, is announcing the industry’s first AI insurance broker.
Jove, an insurtech company specialising in business insurance solutions, has launched a groundbreaking Pan-European Business Liability Insurance product.
Award winning pet insurance brand ManyPets, is announcing the appointment of Shane Larkin as Chief Marketing Officer.
Qumis, an innovative AI-powered platform designed to assist insurance professionals, today announced the closing of a $2.2 million pre-seed funding round.
Insurity, a leading provider of cloud-based solutions for insurance carriers, brokers, and MGAs, today released its 2025 AI in Insurance Report, highlighting key consumer opinions on the use of artificial intelligence (AI) in P&C insurance, specifically how it pertains to severe weather.
Resilience has announced several promotions as its global growth continues to accelerate. Building on its industry-leading loss ratio, the expansion of its cyber risk management software, and its expanded appetite for its insurance offerings over the past year.
Cytora, a leading digital risk processing platform, has announced a strategic partnership with Smarty, an advanced property data solutions provider, to redefine property underwriting and risk evaluation for insurers.
Naked, the South African insurtech company, has announced the successful closing of a $38 million (approximately R700 million) Series B2 funding round.
Gallagher Re, a leading reinsurance broker, has warned that annual insured losses from natural catastrophes are approaching a new normal of $150 billion.
For the third consecutive year, SkySafe, a leading developer of drone detection and airspace security software, has renewed its partnership with the Farmers Insurance Open to provide advanced airspace protection at the prestigious PGA TOUR event.
Budget Direct Insurance, a prominent digital insurer in Singapore, has launched a new Commercial Vehicle Insurance product tailored to meet the diverse needs of businesses.
Security First Insurance and Embark MGA have partnered to launch an innovative home insurance program designed specifically for Florida’s new home builders.
SBLI has announced a partnership with Swiss Re to implement Underwriting Ease, an innovative tool designed to streamline the life insurance underwriting process.
As countries around the world hone frameworks for AI usage – the most recent of which was the UK, global insurance companies are already well ahead of the curve, copiloting new tools and solutions, and implementing the technology to streamline their operations, customer services and fraud detection systems.
Prudential Financial has announced a partnership with Penguin Benefits to launch an innovative leave planning tool aimed at simplifying leave options for both employees and employers.
Urban Jungle, the leading insurtech provider, today announced the launch of its travel insurance product, marking a significant milestone for the company as it expands its product offerings beyond home insurance.
Lloyd’s, the world’s foremost marketplace for insurance and reinsurance, has announced a significant achievement for its London Bridge risk transformation platform, which reached a capital deployment milestone of $1.92 billion by the end of 2024.
Lazada, Southeast Asia’s leading eCommerce platform, and Peak3, a global leader in insurance technology, have announced the launch of a joint venture (JV) to build the leading digital and embedded insurance ecosystem in Southeast Asia.
MiKargo247, the leading provider of on-demand insurance for one-way, spot cargo shipments, today announced a partnership with Falvey Insurance Group.
Instabase, a leading provider of applied artificial intelligence (AI) solutions for unstructured data, today announced the closing of a $100 million Series D funding round led by QIA, with participation from existing investors Greylock Partners, NEA, Andreessen Horowitz, and Index Ventures.
Tokio Marine Holdings has announced the appointment of Masahiro Koike as its new President and CEO. Current President and CEO Satoru Komiya will transition to the role of Chairman of the Board.
Olé Life, a leading Latin American InsurTech company, has successfully raised $13 million in a Series B funding round led by PayPal Ventures.
The insurance industry has seen a surge of activity in recent weeks, with a series of executive appointments and departures creating notable shifts across the sector. From major leadership changes at established insurers to strategic hires at innovative startups, the industry is undergoing a significant period of transition.
Zurich North America today announced a restructuring of its operations, creating a new Specialties business unit encompassing Construction, Surety, and Financial Lines.
The Well Done Foundation (WDF) has launched “Insured Carbon,” a program offering high-integrity carbon credits backed by a custom parametric insurance program provided by AXA.
GBSAPRI Group, a leading independent insurance broker in Italy, announced two strategic acquisitions to bolster its growth strategy.
Africa Specialty Risks (ASR), a leading (re)insurance group focused on Africa and the Middle East, has announced the operation of Africa Specialty Risks Mauritius as a Lloyd’s service company.
Reinsurance Group of America (RGA), Incorporated, a leading provider of life and health reinsurance, has announced a strategic investment in PACT Capital LLC, an independent investment firm specialising in middle-market alternative asset management.
DARAG Group, a leading legacy acquirer, has entered into an agreement to acquire a run-off portfolio from wefox Insurance AG.
Majesco, a leading provider of cloud-based insurance solutions, today announced that CEO Adam Elster has been recognised as one of the Top 50 Financial Technology CEOs of 2024 by The Financial Technology Report.
Equisoft commissioned LIMRA to conduct research in collaboration with UCT to assess data readiness for AI in the life insurance industry. This report enables life insurance carriers to evaluate their data readiness and benchmark critical areas for data modernization investment and prioritization.
State Farm, the largest insurer in California, has received over 6,700 claims for home and auto damages resulting from the recent wildfires in Los Angeles. As of the morning of January 14th, 2025, the insurer has been actively assessing and processing the claims.
Rainbow, a managing general underwriter (MGU) specialising in business insurance, has announced the successful close of an $8 million Series A funding round led by Zigg Capital.
Mike Lloyd, co-founder and former COO of cyber insurance startup Corvus Insurance, has launched Pine View Insurance Group, a new independent agency specialising in high-net-worth insurance.
Transamerica has introduced a refreshed brand identity, showcasing a modernised logo inspired by the iconic Transamerica Pyramid and a vibrant new visual design.
New York Life Insurance today announced a $150,000 pledge to support disaster-relief efforts in response to the devastating wildfires currently impacting the Los Angeles region.
Neelesh Parekh, Innovation & Growth Director Financial Services & Insurance, Zühlke, discusses ways to streamline and enhance the underwriting process.
InnSure, a nonprofit innovation hub dedicated to developing insurance solutions to tackle climate change risks, has announced the winners of its $5 million Insurance Innovation Prize.
Clearcover, a next-generation insurance provider, has announced a strategic partnership with Claim Genius, a global leader in AI-driven damage assessment and claim estimation solutions.
Bikmo, the specialist cycle insurer known for its comprehensive and tailored insurance products for cyclists and the bike industry, has announced a new partnership with premium cycling brands Santa Cruz and Cervélo.
Optalitix, a leading provider of cloud-based pricing and underwriting solutions, has announced its partnership with CannGen Insurance Services, LLC (CannGen), a pioneer in providing tailored insurance products to the cannabis, CBD, and hemp industries.
Cachet, a leading provider of insurance technology, today announced a new partnership with HDI Global SE and Bolt Drive in Germany.
The US InsurTech sector faced a challenging year in 2024, with total funding dropping by 33% year-over-year to $2.8 billion, reflecting a significant downturn from $4.1 billion in 2023 and $6.3 billion in 2020.
Charles Taylor has announced the appointment of Cesar Augusto de Aragao Alves as Head of Brazil. This strategic move strengthens Charles Taylor’s commitment to the Latin American market, which has seen significant growth in recent years.
Moody’s Corporation (NYSE: MCO) has announced an agreement to acquire CAPE Analytics, a leader in geospatial AI intelligence for residential and commercial properties.
Overhaul, a leading provider of supply chain risk management and intelligence solutions, has announced the successful completion of a $55 million equity funding round.
Global law firm Norton Rose Fulbright has announced the launch of the eighth annual Insurathon competition, designed to support start-up and scale-up technology businesses driving innovation in the insurance sector.
Global broking and advisory firm Willis Towers Watson (WTW) has introduced a cutting-edge cyber insurance facility, CyCore Asia, designed to address the escalating cyber security risks facing businesses in Hong Kong and Singapore.
Prime Minister Sir Keir Starmer has unveiled the government’s ambitious AI Opportunities Action Plan, outlining a vision for the UK to become an AI superpower.
UniVista Insurance, a leading distributor of insurance products and services to Hispanic communities in Florida and Texas, has announced a majority investment from GRAM’s Americas Buyout Fund (GRAM ABF), the Private Equity division of GRAM.
The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) has partnered with Swiss Re to enhance its life underwriting process using Swiss Re’s innovative Underwriting Ease solution.
Zurich Insurance has announced a new partnership with Zeekr Hong Kong, a leading provider of premium electric vehicles (EVs).
The inferno that swept through Los Angeles this week left behind more than charred landscapes and ruined homes; it also unleashed a secondary crisis that many residents may find equally devastating: the battle to reclaim their insurance benefits.
Cytora, a leading provider of digital risk processing platforms, today announced a partnership with Moody’s RMS, a global leader in catastrophe risk modeling and solutions.
AIG today announced the appointment of Christopher Flatt as Global Chief Underwriting Officer, effective immediately
USAA has announced the appointment of Juan C. Andrade as its next president and chief executive officer, effective April 2, 2025.
McGill and Partners, a leading independent global specialty insurance and reinsurance broker, has launched a pioneering war risk reinsurance facility for commercial property in Ukraine.
The insurance industry has been buzzing with activity in recent weeks, with a flurry of executive appointments and departures shaking up the sector. From key leadership changes at major insurers to new hires at innovative startups, the industry is experiencing a period of significant transition.
Pet insurance provider ManyPets today released its financial results for the year ending March 31, 2024, revealing a net loss of £33 million.
Direct Line Group (DLG), the company behind iconic UK brands like Direct Line, Churchill, and Green Flag, has introduced an industry-leading Vehicle Damage Assessor (VDA) accreditation program.
Parsyl Inc., a data-powered insurer of complex supply chains, today announced it has raised $20 million in new funding to accelerate its growth strategy.
Africa Specialty Risks (ASR), a leading (re)insurance group focused on Africa and the Middle East, has announced the launch of Baobab, the first-ever Africa-focused Lloyd’s Consortium.
The Hartford has strengthened its global reach with the opening of a new service company in Singapore.
ZestyAI, a leader in AI-powered climate and property risk analytics, has announced that its Severe Convective Storm suite—comprising Z-HAIL, Z-WIND, and Z-STORM—has been approved by the Missouri Department of Insurance.
Lloyd’s today announced that Chief Executive Officer John Neal will be leaving Lloyd’s in 2025, after leading the world’s marketplace for insurance and reinsurance for over six years.
Farm Bureau Insurance Company of Idaho, the largest property-casualty insurer headquartered in the Gem State, has partnered with Akur8 to integrate its cutting-edge machine-learning platform into the insurer’s pricing process.
Boxx Insurance has announced the launch of Cyber Assist, a new cybersecurity solution for business travelers, developed in partnership with World Travel Protection.
Agentech, a leader in AI-driven claims automation, has announced its selection for the NVIDIA Inception Program, an exclusive accelerator for startups leveraging AI and high-performance computing.
Jones, a leading AI-driven vertical software company specialising in insurance verification for real estate and construction, has announced the successful close of a $15 million Series B funding round.
VIG Re has announced organisational changes to its Board of Management designed to enhance the company’s strategic direction and drive operational efficiency.
Clearcover has announced the launch of Clearcover General Agency (CGA) to serve the non-standard auto insurance market in Texas.
Matic Insurance, a leading provider of embedded insurance solutions, today announced it has secured $30 million in growth funding from Vistara Growth.
Hong Kong defies expectations, boasting double-digit insurance growth despite unfavorable demographics, thanks to its unique position as a global gateway, says Edward Moncreiffe HSBC’s CEO of Global Insurance
AmeriLife, a leading developer, marketer, and distributor of life and health insurance, annuities, and retirement planning solutions, has announced an agreement to acquire Crump Life Insurance Services and Hanleigh Management from TIH Insurance Holdings.
Insly, a low-code software provider for the insurance industry, has officially joined the Underwriting Agencies Council (UAC), underlining its dedication to serving the Australian market.
INVO Underwriting has announced its acquisition of Madison Independent Agency Network (MIAN) in a strategic move to enhance support and resources for MIAN agents.
FWD Group Holdings Limited (“FWD Group” or “FWD”) has announced the appointment of Tsuyoshi Ijichi, as Representative Director, President and Chief Executive Officer, FWD Japan, effective 14 January 2025.
ICEYE has successfully closed a $65 million extension to its growth funding round, bringing its total capital raised in 2024 to $158 million.
AI is a long way off replacing the trust customers have in a human intermediary, crypto will provide new payment opportunities in the insurance industry – and attracting fresh talent has to start with mentorship and investment.
Global law firm Clyde & Co announced today its merger with Dallas law firm Tillman Batchelor LLP.
AXA has become the first global insurer to join the Stanford Human-Centered Artificial Intelligence (HAI) Corporate Affiliate Program.
In a groundbreaking partnership, Allianz Deutschland has joined forces with the German Bobsleigh and Tobogganing Association (BSD) to enhance safety measures in the high-speed sport of bobsleighing.
Zurich Singapore has announced a partnership with ComfortDelGro, a leading multi-modal transport operator, to offer travel insurance to customers booking trips to Singapore Changi Airport through the CDG Zig ride-hailing app.
Allianz Life has announced a strategic partnership with Empower to introduce the Allianz Lifetime Income+® Annuity on Empower’s retirement plan platform.
AXA – Global Healthcare has introduced an innovative digital solution designed to revolutionise health and wellbeing management.
Marsh McLennan Agency (MMA) has announced the acquisition of Acumen Solutions Group LLC, a full-service insurance agency based in Melville, New York.
NFP, a leading insurance broker and consultant, announced today the acquisition of Capstone Strategies, LLC, a P&C and benefits broker based in Midland, Texas.
Hiscox has appointed Frank Lamantia as Chief Technology Officer, effective January 21, 2025.Lamantia will report to both Mary Boyd, CEO of Hiscox USA, and Chris Loake, Hiscox Group CIO.
Sentry Insurance today announced the successful completion of its acquisition of The General®, a leading provider of non-standard auto (NSA) insurance, from American Family Insurance. The $1.7 billion transaction, initially announced in September, marks the largest acquisition in Sentry’s 120-year history.
Bold Penguin has appointed Peter Settel as its new Chief Executive Officer and President. The insurtech supports commercial insurance carriers and agents through its AI-driven quoting platform paired with a commercial insurance exchange that helps agents match businesses with the best quotes.
Allianz SE solidified its position as the world’s largest insurance company by nonbanking assets for the fifth consecutive year, according to AM Best’s latest rankings.
Allianz Partners and Mazda Motor Europe have announced an expansion of their partnership for Premium Roadside Assistance services.
AIG has announced the launch of Syndicate 2478 at Lloyd’s. Managed by Talbot Underwriting, the syndicate has received approval for a US$715 million stamp capacity for its inaugural year.
AIG has announced the completion of the sale of its global personal travel insurance and assistance business, including the well-known Travel Guard brand, to Zurich Insurance Group.
2024 proved to be a year of significant upheaval in the insurance industry, marked by a series of high-profile mergers and acquisitions, the rise of AI, and the ever-present shadow of climate change. From blockbuster deals to regulatory challenges, these 15 stories captivated the industry and shaped the conversation throughout the year.
Healthcare services company NeueHealth today announced a definitive merger agreement to be acquired by an affiliate of New Enterprise Associates (NEA) for approximately $1.3 billion.
Wefox, the European insurance technology company, is close to securing a significant funding package led by Searchlight Capital Partners, the private equity firm behind travel company Secret Escapes.
Redline Underwriting, a Lloyd’s coverholder specialty underwriting firm, has announced the launch of a new General Aviation Insurance solution, developed in collaboration with Allianz Commercial UK.
AirAsia and Tune Protect have launched AirAsia Comprehensive Travel PLUS in Singapore, offering enhanced travel coverage for AirAsia flights departing from the city.
The Standard has announced the launch of its enhanced Absence Management platform, which will take place on January 1, 2025.
DvSum, a leading provider of data intelligence solutions, has joined Guidewire’s Insurtech Vanguards program, a community designed to foster innovation within the P&C insurance sector
Leading global insurance brokerage, Gallagher, has announced the acquisition of M.J. Schuetz Insurance Services, an Indianapolis-based firm known for its expertise in property/casualty, surety, and bonding services. Terms of the deal were not disclosed.
Nexus Underwriting (‘Nexus’), a Brown & Brown group business, announces today that it has entered into an agreement to acquire Arma Fusion Limited, the parent company of Arma Underwriting Limited (‘Arma’).
RiverStone International today announced that it has signed an agreement with the French branch of Zurich Insurance Europe and Zurich Insurance Company to provide a loss portfolio transfer reinsurance (LPT) and an insurance business transfer relating to the French discontinued motor and architects & engineers (A&E) professional indemnity portfolios.
For insurance carriers, the Christmas season represents a unique period of heightened claims activity across all lines of business. While the holidays are a time of joy and celebration, they also bring increased risks tied to festive traditions, seasonal travel, and unpredictable winter weather.
2024 was a year of significant shifts in the global economy, marked by international conflict, inflation and rising interest rates, an uncertain political future and of course, the start of the AI evolution.
In this latest Thought Leadership piece, Derren Nisbet, CEO of Virtuoso QA discusses the human future of innovation as AI becomes omnipresent.
The most seductive element of AI is its promise to autonomously automate repetitive tasks, but its potential reach extends well beyond this to encompass many high-skilled roles that involve structured processes, says James Bent, VP of Solutions Engineering at Virtuoso QA
bolttech has announced Dragon Fund, by Liquidity and MUFG, is leading bolttech’s Series C funding round alongside investors Baillie Gifford, Generali – through Lion River, the Group’s company dedicated to Private Equity, and others, which is expected to total more than US$100 million.
Global professional services firm Aon has announced a significant enhancement to its Climate Risk Monitor solution, integrating advanced flood risk capabilities through a new partnership with flood risk expert Fathom.
Earnix, a leading provider of AI-powered insurance solutions, has partnered with Tokio Marine North America Services (TMNAS) to create a centralized data repository.
Tokio Marine Kiln (TMK), a leading international insurer, has unveiled a groundbreaking report highlighting the critical role insurance can play in driving growth in the global FemHealth sector, which is projected to expand from £28 billion to £103 billion by 2030.
Cytora, the leading digital risk processing platform, has partnered with global catastrophe risk modeling and solutions company Moody’s RMS.
Zurich Resilience Solutions, the commercial risk advisory unit of Zurich Insurance Group, has launched Climate Spotlight, a state-of-the-art digital solution designed to help businesses and public entities tackle climate risks.
Blink Parametric, a leading provider of parametric insurance solutions, has partnered with Zurich Indonesia to launch “FlyEasy,” a real-time flight delay coverage solution.
Bikmo, the specialist cycle insurer, has secured an additional £4.75 million in funding from Puma Growth Partners. The investment will fuel Bikmo’s growth in Europe, particularly in direct sales, partnerships, leasing, and commercial channels.
Applied Underwriters has announced that the American Atlantic Assurance Company, part of the North American Casualty group, will officially commence underwriting operations on January 1, 2025.
MetLife, a leading global financial services company, has announced the appointment of Nick Nadgauda as Executive Vice President and Chief Information Officer, effective March 10, 2025.
Prudential Financial, Inc. has announced a new strategic partnership with Empathy, a leading bereavement support platform, to enhance its workplace benefits by offering holistic support for families navigating the loss of a loved one.
OAK Re, a newly approved Lloyd’s Syndicate, has announced a strategic partnership with Moody’s to enhance its risk modeling capabilities.
McGill and Partners, the independent global specialty insurance and reinsurance broker, has announced the appointment of Andre du Preez as Head of Emerging Technology.
Lockton, the world’s largest independent insurance broker, has announced the appointment of Luke Speight as its UK Head of Fintech and Digital Assets.
Hostaway, a leading provider of vacation rental software and management systems, today announced a $365 million strategic growth investment led by General Atlantic, with participation from existing investor PSG Equity.
Root, Inc. (NASDAQ: ROOT), a technology-driven insurance company and parent of Root Property & Casualty Insurance Company, has officially launched its innovative auto insurance services in Minnesota.
As we step into 2025, the insurance industry is poised for significant transformation. Leaders from across the globe have shared their insights on the key trends shaping the future of insurance. From the rise of digital innovation to the evolving risk landscape, these predictions offer a glimpse into what the year ahead holds.
Global advisory and solutions company WTW has unveiled new artificial intelligence enhancements to its flagship financial modelling and reporting software, RiskAgility Financial Modeller (RiskAgility FM).
Global insurance and reinsurance broking group Howden has announced the appointment of Rohan Bhappu as Deputy Chief Executive Officer (CEO) of Howden Asia, effective June 2025.
GlobalData Plc has announced the acquisition of Celent, a leading research and advisory firm specializing in financial services technology.
McKenzie Intelligence Services (MIS) has reached a significant milestone, having responded to over 200 global catastrophic events since the launch of its Global Events Observer (GEO) platform in 2021.
Dan Preston, the former CEO of Metromile, has launched a new insurtech company, Stand Insurance. This new venture aims to leverage physics-driven AI to protect properties impacted by climate change.
PointeNorth Insurance Group has announced a strategic partnership with Caldwell & Langford Insurance, a leading independent insurance agency in Thomasville, Georgia, marking PointeNorth’s sixth acquisition of 2024.
Chubb has announced the appointment of John Latter to lead its global claims organisation for Chubb Overseas General (COG).
Zurich Insurance has been honored as Re/insurer of the Year at the IMPACT Awards 2024 for its outstanding commitment to sustainability through a $7.9 billion impact investing portfolio.
Porsche Auto Insurance (PAI) has introduced a new Unlimited insurance product tailored for Porsche owners who drive over 10,000 miles annually.
Beazley, a leading specialty insurer, has announced the appointment of Alessandro Lezzi as Group Head of Cyber Risks.
AXA UK has announced a strategic partnership with Lloyds Banking Group to boost motor insurance offerings.
In this latest Thought Leadership article, Teo Blidarus, CEO and Co-Founder of FintechOS discusses the future of Agentic AI
Insurance technology leader Sure has joined forces with CU Financial Group, LLC (CUFG) to launch SimpleQuote, a groundbreaking digital insurance platform designed to provide credit union members with seamless access to insurance.
German insurance giant Allianz SE has withdrawn its $1.63 billion bid to acquire a majority stake in Singapore’s Income Insurance, citing recent regulatory changes and government opposition.
GFT, a global leader in digital transformation, has announced a strategic partnership with Databricks, the data and AI platform company, to empower insurers and financial institutions across North America with advanced AI capabilities.
One Inc, a leader in digital payments for the insurance industry, has announced a partnership with GoAuto Insurance to implement its ClaimsPay® and PremiumPay® solutions.
A new analysis by ZestyAI, a leader in climate and property risk analytics powered by AI, has uncovered a significant gap in insurance coverage across the United States.
In a landmark collaboration, Cytora, a leading digital risk processing platform, has partnered with global weather information and data management powerhouse Pelmorex Corp.
Zurich UK has announced the appointment of Drazen Jaksic as its new Chief Executive Officer, pending regulatory approval.
Insurtech leader Optalitix has announced a strategic collaboration with PwC to enhance the implementation and support of its flagship underwriting and pricing platform, Optalitix Quote, for insurers in the London Market, including Lloyd’s.
Coterie Insurance, the tech-enabled MGA simplifying small business insurance, has announced the launch of workplace violence insurance coverage for small businesses in conjunction with Berkley Re Turnkey Solutions.
Flow Specialty, a leading specialty insurance wholesale broker, today announced the launch of Platformless AI, a groundbreaking approach to redefining the wholesale insurance experience.
Flywire, a leading payments platform, has partnered with GradGuard, a prominent tuition insurance provider, to enhance financial protection for students attending higher education institutions in the United States.
Africa Specialty Risks (ASR), a leading (re)insurance group focused on Africa and the Middle East, has announced new Binding Authority Agreements with Eureka Re, a multinational reinsurer with an A- rating for financial strength from Fitch and AM Best.
Lloyd’s, the world’s foremost insurance and reinsurance marketplace, has unveiled a new systemic risk scenario estimating that a hypothetical future human pandemic could result in global economic losses of up to $13.6 trillion over five years.
One Inc, a leading provider of digital payments platforms for the insurance industry, announced today that Brethren Mutual Insurance Company has successfully implemented ClaimsPay to streamline its claims disbursement process.
Odie Pet Insurance has partnered with Agentech, a leader in AI-driven claims automation, to transform pet insurance claims processing through advanced technology.
Nippon Life Insurance Co. is in advanced discussions to acquire full ownership of U.S.-based Resolution Life Group Holdings in a deal valued at approximately $8.2 billion.
As the global workforce continues to adapt to post-pandemic work models, a growing number of US companies are mandating a return to the office.
Benekiva, a leading insurtech company focused on modernising claims and servicing operations, has announced a significant expansion of its leadership team with the appointment of four industry experts.
MetLife has announced a strategic partnership with Workday to enhance employee benefits and wellness programs.
Protection Guru, the award-winning technical information service and protection value comparison tool for advisers, has called for a fundamental change in how the protection industry engages with wealth advisers.
Arthur J. Gallagher & Co. announced today that it has agreed to acquire AssuredPartners Inc. in a $13.45 billion deal.
Aviva and Direct Line have reached a preliminary agreement on the financial terms of a potential £3.6 billion acquisition of Direct Line’s entire share capital by Aviva.
CyberCube, a leading provider of cyber risk analytics, has announced a strategic partnership with the global insurance brokerage firm, HUB International.
Insurtech startup Sola has successfully raised $3.7 million in its seed funding round, advancing its mission to offer affordable and reliable natural disaster insurance to homeowners and businesses.
Redkik, a global leader in insurance technology for the logistics sector, has announced a groundbreaking partnership with Cargo Power Network, an influential global logistics and freight forwarder network.
James Bent, VP of Solutions Engineering at Virtuoso QA, explores strategies insurers can adopt to enhance AI alignment with business goals, in this latest Thought Leadership article.
Surface water flood forecasting specialist Previsico has announced a strategic partnership with Esri UK, a global leader in geographic information system (GIS) software, location intelligence, and mapping.
American Farmers & Ranchers Mutual Insurance Company (AFR), a leading provider of rural insurance in Oklahoma for over a century, has announced a strategic partnership with ZestyAI, a pioneer in AI-driven climate and property risk analytics.
Insly, a leading low-code software provider for the insurance industry, has unveiled FormFlow, its first AI-powered solution designed to revolutionise how managing general agents (MGAs) and insurers process broker submissions.
CoverGo, a global leader in no-code, AI-driven insurance technology for health, life, and property & casualty (P&C) sectors, has announced the launch of CoverGo Claims, its next-generation platform designed to transform health claims management for insurers and third-party administrators (TPAs).
Pints.ai has unveiled Autothought, a groundbreaking generative AI platform designed to revolutionise workflow automation in the insurance industry.
Clearcover, a next-generation car insurance company, has expanded its call center operations to 24/7 availability through a partnership with Ada, a leader in AI-native customer service automation.
Cover Genius, a global insurance distribution platform, has teamed up with Airpaz, a leading online travel agency, to offer comprehensive travel insurance for customers in Malaysia, Vietnam, Indonesia, Thailand, and the Philippines.
Africa Specialty Risks (ASR), a prominent (re)insurance group specialising in African and Middle Eastern markets, has announced that ASR Middle East is now operating as a Lloyd’s service company.
Sun Life Global Solutions has announced a strategic partnership with the Indian Institute of Technology (IIT) Indore to drive innovation in the insurance sector using cutting-edge technologies such as artificial intelligence (AI), machine learning, data analytics, and generative AI.
Aviva and NatWest Group have announced a five-year partnership to distribute Aviva protection insurance products through NatWest’s UK retail banking brands, including NatWest, RBS, and Ulster Bank.
Policy Expert, the award-winning home and motor insurance provider, has unveiled a significant new partnership with Bridgehaven Specialty UK Ltd (Bridgehaven) as a capacity provider.
The insurance industry’s true superpower lies in its ability to help rebuild lives after unforeseen events. Few embody this mission more passionately than JP Fabri, the visionary founder of MyUbuntu, an insurtech startup tackling one of the world’s most urgent challenges as our climate changes; namely farming in Africa.
Zurich Resilience Solutions, the risk advisory division of Zurich Insurance Group, has launched Climate Spotlight, a cutting-edge digital tool designed to help organisations better understand and manage climate risks.
Arthur J. Gallagher & Co., a leading global insurance brokerage and risk management firm, has announced the acquisition of Shepard Insurance Group, a retail insurance brokerage headquartered in Old Greenwich, Connecticut.
A new report from AXA UK has pinpointed the regions of England most susceptible to extreme weather events, highlighting growing concerns about the impact of climate change on homes and infrastructure.
B.P. Marsh & Partners Plc (AIM: BPM), a specialist private equity investor in early-stage financial services firms, has announced an additional investment of $12.6 million in XPT Group LLC, a leading U.S.-based insurance distribution platform.
In a groundbreaking collaboration, Fadata, a global leader in insurance software solutions, and FRISS, a pioneer in AI-driven Trust Automation, have announced a solution partnership aimed at redefining risk management and fraud detection within the insurance industry.
Moonrock Drone Insurance, a leading specialist managing general agent (MGA), has extended its insurance offerings to include coverage for hobbyist and recreational drone pilots.
Global insurance and reinsurance leader Everest has officially entered the Italian market after securing regulatory approval.
Aon has announced a definitive agreement to acquire the insurance agency business of Mitsubishi Chemical Group (MCG), a prominent Japanese corporation.
Sony Financial Group, a subsidiary of Sony, has announced the acquisition of the Japanese insurtech startup JustInCase.
Canara HSBC Life Insurance has launched OmniGen AI, a generative AI-powered solution built on AWS Bedrock, aiming to transform underwriting processes and enhance customer experience.
McGill and Partners, a leading independent global specialty insurance and reinsurance broker, has joined forces with Tokio Marine Kiln (TMK) and Convex to unveil a pioneering trade disruption insurance (TDI) facility.
CoverGo, a leading provider of digital insurance solutions, has announced the appointment of Louis Lee as Managing Director for the Asia Pacific (APAC) region.
Stephen Costello is the CEO and co-founder of Spectrum.Life – a trailblazing healthtech company that launched in 2018 and is revolutionising the way insurers, employers, and educators approach health, mental health, and wellbeing.
Poncho, a Swiss startup specialising in weather-based refunds for outdoor experiences, has raised $617,000 in seed funding.
Neutrinos, a leader in enterprise automation technology, has launched the Neutrinos Marketplace, a platform designed to accelerate automation initiatives across the insurance value chain.
Leading embedded insurance platform Embri has broadened its product portfolio to include insurance coverage for bicycles and high-end technology.
Singapore-based insurtech startup Igloo has introduced its direct-to-consumer platform, igloo.co.id, in Indonesia. This new platform aims to expand Igloo’s presence in the insurance value chain while simplifying access to coverage for consumers.
Indian insurtech startup Zopper has raised $25 million in a Series D funding round led by Elevation Capital and Dharana Capital, with continued support from existing investor Blume Ventures, Business Standard reports.
NeighborShare, a nonprofit organisation dedicated to facilitating direct person-to-person charitable giving, has announced its expansion into Greater Boston.
Tesla released its Q3 2024 financial results for its insurance carriers, highlighting significant growth in written premiums alongside continued underwriting losses.
Bindable, a leading InsurTech platform specializing in alternative distribution, has announced a strategic partnership with Recoop Disaster Insurance to broaden the reach of Recoop’s innovative multi-peril disaster insurance.
Zurich Insurance has announced bold new financial targets lifting its shares to their highest level in 23 years.
Root Platform (Root), a leading low-code, API-first insurance technology provider, has unveiled its Certified Developer Community program aimed at upskilling in-house developers at insurance companies.
Chartered commercial broker Konsileo has successfully secured £8 million in funding to propel its expansion across the UK.
Akur8, a leading provider of next-generation insurance pricing and reserving solutions powered by transparent machine learning, has announced a strategic partnership with the American Association of Insurance Services (AAIS).
Leading embedded insurance provider, Cover Genius, has announced its partnership with Entrupy, the AI-powered luxury authenticator, to enhance protection for high-end retail consumers
Global digital solutions provider leverages three decades of expertise to drive transformative change in insurance and investment industries.
FWD Group Holdings Limited (“FWD Group” or “FWD”) has announced that its strategic partnership with PT Asuransi BRI Life (“BRI Life”) will be the focus of a new case study at INSEAD, a globally renowned graduate business school.
Missouri-based algorithmic underwriting provider iCover has introduced iCover Direct™, a new online marketplace for life, health, and wellness products.
Insurtech startup Federato has announced the successful close of a $40 million Series C funding round, led by StepStone Group, with continued backing from existing investors Emergence Capital, Caffeinated Capital, and Pear VC.
ACORD Solutions Group, a leading provider of next-generation digital solutions for the global insurance industry, today announced the launch of ADEPT Placing, a new capability within its ADEPT data exchange platform.
Coverdash, a rapidly growing insurtech broker specialising in startups and small-to-medium-sized businesses (SMBs), has teamed up with LendingTree, the nation’s premier online financial marketplace, to offer business insurance to LendingTree customers for the first time.
Foxquilt, a digital insurance brokerage based in Toronto, has officially launched its services in New York.
Previsico has been ranked 14th in the 2024 Deloitte UK Technology Fast 50, a prestigious list celebrating the 50 fastest-growing technology companies in the UK.
Guidewire has recognised the Alberta Motor Association, Ascot Group, and Mountain West Farm Bureau along with its subsidiary, 360 Insurance Company, as the winners of its 2024 Innovation Awards.
Lockton Re, a leading global reinsurance broker, has announced a strategic collaboration with Verisk (Nasdaq: VRSK), a premier global data analytics and technology provider, to develop cutting-edge (re)insurance solutions tailored to the U.S. agriculture sector.
Bolttech, a fast-growing global insurtech company, has announced the successful closure of a USD 50 million venture debt facility with HSBC.
Remote, a leading global HR platform and payroll provider, has partnered with Kota to launch Remote Global Benefits, a streamlined solution for managing and administering multi-country health insurance plans.
Coalition has announced the launch of Security Copilot, an AI-powered assistant designed to provide real-time, personalised guidance for managing cybersecurity risks.
VOOM Insurance, a leading Insurtech company focused on usage-based insurance, has announced the appointment of Thomas Coyne as its new Head of Insurance.
Openkoda has announced the launch of Openkoda 2.0, a groundbreaking open-source enterprise platform designed to accelerate the development of modern insurance applications.
Vitesse, a global leader in treasury and payment solutions for the insurance industry, has secured an Authorisation Certificate from the New York State Department of Financial Services (NY DFS) to establish Vitesse Trust Company, LLC in New York City, marking the official start of its U.S. operations.
Previsico, a leader in surface water flood forecasting, has launched Instacasting, a new solution designed to improve the accuracy of flood risk predictions.
The insurance industry is finally stepping into the spotlight as a critical driver of economic growth and global resilience, according to David Howden, CEO and Founder of Howden.
EIS, a global leader in SaaS core platforms for the insurance market, has released its much-anticipated outlook for 2025.
Kayna, an award-winning embedded insurance infrastructure platform, has partnered with WTW, a global leader in advisory, broking, and solutions, and Vibrant, a U.S.-based vertical SaaS platform specialising in third-party vendor cybersecurity oversight.
Cairo-based insurtech startup Amenli has raised US$2.3 million in a funding round aimed at accelerating its growth and enhancing its service offerings.
DigitalOwl, a provider of advanced AI solutions for the life insurance and legal industries, has announced a strategic collaboration with ExamOne, a Quest Diagnostics company.
Aon has brokered a significant transaction with the U.S. International Development Finance Corporation (DFC) to provide $50 million in political risk insurance (PRI) aimed at supporting businesses operating in Ukraine.
Aon has launched its Cyber Risk Analyzer, a cutting-edge digital application designed to help risk managers make technology-enabled, data-driven decisions to mitigate cyber risks.
Manulife Financial Corporation has announced that Roy Gori, its President and Chief Executive Officer, will retire on May 8, 2025. Phil Witherington, currently President and CEO of Manulife Asia, has been appointed as his successor and will join the company’s Board of Directors at the time of the leadership transition.
Guidewire Software has introduced its latest platform release, Las Leñas, and showcased new AI-driven capabilities during its annual customer conference, Connections.
Hub International Limited (Hub), a prominent global insurance brokerage and financial services firm, has announced its acquisition of ANCO Insurance Managers, Inc. (ANCO Insurance), a major independent insurance brokerage based in Texas.
Lemonade has announced plans to provide detailed updates on its ambitious growth strategy, targeting a tenfold increase in its “force premium” from US$1 billion next quarter to $10 billion in the coming years.
Fortegra, a global specialty insurer and subsidiary of Tiptree, has successfully secured $150 million through the issuance of 9.25% Fixed Rate Resetting Junior Subordinated Notes due 2064.
AXA has introduced the Mind Health Self-Check, a free and privacy-focused global mental health assessment tool designed to support individuals in understanding and improving their mental well-being.
Mastercard has teamed up with Qover, a leading insurtech company, to introduce a return shipping cost protection service for credit cardholders in Belgium and Luxembourg.
Mercedes-Benz Insurance Services UK Limited has announced a partnership with insurance technology specialist Wrisk to deliver a cutting-edge car insurance solution tailored to modern consumer needs.
Insurance experts have commented on new UK proposals as Chancellor Rachel Reeves unveils a package of reforms aimed at boosting the UK’s financial services sector and driving economic growth.
In a groundbreaking collaboration, Standard Casualty Company, a leading insurer specialising in manufactured homes, has partnered with ZestyAI, a provider of cutting-edge AI-driven property and climate risk analytics.
Allstate Health Solutions, a division of Allstate, has announced a new partnership with Intuit QuickBooks, Thatch, and Ambetter Health to offer expanded healthcare solutions.
HDI Global announced today its plans to expand its environmental liability insurance offering to the international market.
Embedded insurance startup Mulberri has joined forces with Qualys, a leader in cloud-based IT, security, and compliance solutions, to provide “exclusive discounts” on cyber insurance to qualifying customers.
Attending Insurtech Insights, Asia’s largest insurtech conference can be both exhilarating and overwhelming. With a plethora of sessions, workshops, and networking opportunities, it’s easy to get lost in the crowd.
LexisNexis® Risk Solutions, a key player in insurance data and analytics, has announced an expansion of its strategic partnership with TransUnion, a global leader in information and insights.
Swiss Re has reported a net income of US$2.2 billion and a return on equity (ROE) of 13.4% for the first nine months of 2024.
Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announced its second Center of Excellence (CoE) will open in Warsaw, Poland.
Howden, a global insurance intermediary group headquartered in London, has expanded its Asian footprint by acquiring Storfield Insurance Consultants Ltd., a Hong Kong-based brokerage specialising in general insurance for small-to-medium enterprises (SMEs) and high-net-worth (HNW) clients.
Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, announced today that Ruby Reinsurance Company (Ruby Re), a Missouri-domiciled third-party life reinsurance company, has successfully closed a second round of funding, raising a total of $480 million in capital.
QBE North America has released its 2024 Digital Health Insurance Report, shedding light on the evolving risks associated with digital health services like telehealth and telemedicine.
MAPTYCS, a leading provider of advanced analytics solutions for the insurance industry, has announced the appointment of Daniel Grimwood-Bird as Chief Revenue Officer.
Insurity, a prominent provider of cloud-based software for the insurance industry, has partnered with ICEYE, a global leader in synthetic aperture radar (SAR) satellite technology, to provide real-time catastrophe insights to property and casualty (P&C) insurers.
Despite a growing economy, Thailand’s insurance penetration rate remains relatively low. To address this gap, the government and insurance industry must implement strategies to increase awareness, affordability, and trust in insurance products. Nadia Suttikulpanich, Head of the Fuchsia Innovation Center at Muang Thai Life Assurance tells Insurtech Insights more
Utica First, a prominent insurer specialising in small business and personal lines, has selected Akur8’s Core Platform Solution to advance its pricing and underwriting processes.
Oyster, a leading insurance platform for commerce, has unveiled a suite of new digital products designed to modernize the P&C insurance experience for small and medium-sized businesses.
Crux Underwriting, a leading specialty MGA, has announced a strategic partnership with mea.
Charles Taylor, a global leader in loss adjusting services with operations across 120 countries, has expanded its workforce in Malaysia by 20% over the past year, adding key talent and deploying advanced claims technology to enhance services across its four Malaysian locations.
Newgen Software, a global leader in digital transformation solutions, has announced an extension of its strategic partnership with Fadata, a leading provider of core insurance software.
Protect Group, a prominent provider of ancillary travel products, has announced a strategic partnership with Blink Parametric to introduce advanced parametric protection solutions for travel operators, airlines, OTAs, airports, and other service providers.
Sten Saar, founder and CEO of Zego, has long harboured a passion for entrepreneurship – a drive that was ignited long before he moved to London in his early twenties.
Branch Insurance, a forward-thinking carrier focused on streamlining insurance through data, technology, and automation, has significantly enhanced its claims notification process by integrating Kyber’s AI-powered platform.
As climate change drives more extreme weather, and urban expansion places more assets in flood-prone areas, flood risk is set to rise significantly.
BMS Group, an independent specialist in insurance and reinsurance brokering, has launched “BMS Bacchus,” a new stock throughput insurance solution tailored specifically for the wine industry.
Centana Growth Partners has acquired a majority stake in First Connect Insurance Services, a leading insurtech platform that connects independent insurance agents with carriers.
Sapiens International Corporation (NASDAQ and TASE: SPNS), a global leader in insurance software solutions, has announced a significant new development: a Tier 1 African insurer has successfully launched Sapiens DataSuite, bringing its data infrastructure to the cloud.
Swiss Re has announced leadership changes within its organisation. Effective January 1, 2025, Jonathan Rake will assume the role of CEO of Swiss Re Solutions.
Jonathan Jackson, CEO of Previsico, discusses the future of flooding insurance and the strategies and technologies that could help turn the tide, in the wake of Europe’s most recent tragedy
National Guardian Life Insurance Company (NGL) has selected Equisoft’s turnkey SaaS insurance solution to modernise its Preneed life business capabilities, aiming to strengthen its operational efficiency and enhance customer experience.
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan (NYSE: MMC), today announced the appointment of Alistair Fraser to the newly-created role of International Corporate & Commercial Leader.
Akur8, the innovative insurance pricing and reserving solution, has announced a new partnership with Windward Risk Managers, the company behind Florida Peninsula Insurance, Edison Insurance, and Ovation Home Insurance Exchange.
SageSure, a leading managing general underwriter focused on catastrophe-prone markets, has announced an exclusive partnership with Auros Reciprocal Insurance Exchange to bring homeowners insurance solutions to Mississippi and Louisiana.
Parametrix, a leader in parametric cyber insurance solutions, has introduced “Parametrix Enterprise Solutions,” a new type of insurance tailored to cover costs associated with digital interruptions.
Swinton Insurance, a UK broker that offers a range of insurance products under the Atlanta Group, has chosen Aurum Solutions to automate its reconciliation processes.
In the wake of the US Election, Swiss Re announced today the strengthening of its P&C Re reserves in the third quarter, following a comprehensive review.
Cytora, a leading digital risk processing platform, has partnered with data intelligence platform dataplor. The partnership will provide insurers with comprehensive location intelligence on 250 million locations in 200 countries to enable more accurate property underwriting decisions
Survey of 200 senior Property & Casualty insurance executives by ZestyAI has revealed rapid adoption of AI risk assessment models for wildfires and severe convective storms
Zywave has announced a first-of-its-kind enhancement to its Cyber Quoting solution with the addition of embedded benchmarking.
Arthur J. Gallagher & Co. has announced the acquisition of Peabody Insurance Agency, a Michigan-based insurance agency specialising in commercial and personal lines, with a focus on construction, manufacturing, and multifamily real estate.
Pole Star Global, a leading provider of maritime technology solutions, has partnered with Ambrey, a maritime risk management and intelligence firm, to enhance ship security and tracking capabilities.
The insurance industry is undergoing a digital revolution, driven by innovative technologies and forward-thinking leaders. Women are playing an increasingly vital role in shaping this transformation.
Pacific Life Re and Kakao Pay, a leading fintech company, have formed a strategic partnership to deliver innovative life insurance solutions to South Korean consumers.
Ryan Specialty, a leading international specialty insurance services firm, has entered into final discussions to acquire Innovisk Capital Partners.
Venture capital funding in insurance technology (insurtech) is showing signs of stabilization, projected to hit $4.2 billion by the end of 2024, reflecting levels not seen since 2018.
Hub International Ltd. has acquired the retail insurance brokerage arm of Western Growers Insurance Services (WGIS) in a strategic move to expand its presence in the agribusiness sector.
Vertafore has announced its acquisition of Surefyre, a leading submission and underwriting platform designed to empower Managing General Agents (MGAs) and wholesalers.
FWD Group Holdings Limited today announced robust new business growth for the first nine months of 2024.
Swiss Re has announced the sale of its iptiQ European P&C business to Allianz Direct.
Earnix, a leader in AI-driven, real-time decision-making solutions for the insurance and financial services industries, has released its 2024 Industry Trends Report, based on its annual survey of over 400 insurance executives worldwide.
ManyPets, a leading pet insurance provider, has announced its decision to exit the US market to focus on its core operations in the UK.
Lloyd’s, the world’s leading insurance and reinsurance marketplace, has announced the appointment of Nathan Adams as its new Chief People Officer.
Stere, Inc., a leading insurtech platform, and EPIC Insurance Brokers & Consultants (EPIC), a top-ranked property/casualty and employee benefits insurance broker, have entered a strategic partnership aimed at transforming insurance for small businesses through a seamless, digital experience.
Aon has announced a definitive agreement to acquire UK-based insurance broker Griffiths & Armour, a move expected to expand Aon’s presence across the UK and Ireland significantly.
AXA UK has announced a new partnership with Women in Data, an organisation dedicated to empowering women in data and technology careers
Marsh has partnered with We2Sure to launch a new insurance facility designed to protect businesses from the growing risk of carbon credit fraud.
Bindable, a leading InsurTech firm specialising in alternative distribution technology and services, has introduced a streamlined solution for organisations interested in establishing their own property and casualty (P&C) insurance agencies.
Accelerant Holdings has announced the public release of its advanced digital platform, app.accelerant.ai, aimed at enhancing underwriting and risk management capabilities for insurers and risk capital partners.
Delos Insurance Solutions, a property insurance managing general agent (MGA) focused on wildfire-prone areas, has successfully raised $9 million in a Series A funding round led by HSBC Asset Management.
Marsh, a leading global insurance broker and risk advisor, has announced key leadership appointments within its global placement practice.
Previsico has announced the launch of its advanced AI-driven flood forecasting alert service in the Republic of Ireland.
Safe Security, a pioneering company in quantitative, inside-out cyber risk assessment, has partnered with global insurance intermediary group Howden to launch Howden Safe+.
In a groundbreaking development for Ghana’s insurance industry, ETAP, a leading African insurtech, has secured the country’s first operational license for an insurtech company, granted by the National Insurance Commission (NIC).
Simon Torrance, Founder and CEO of AI Risk, describes what he sees as the most advanced deployment of ‘Agentic AI’ anywhere in the insurance industry today, setting it in the context of other forms of AI-enabled augmentation and automation, and proposing a holistic approach to AI strategy that will help companies succeed in the Age of AI.
WTW (NASDAQ: WTW), a global leader in advisory, broking, and solutions, has introduced ResQ Machine-Led Reserving, a groundbreaking tool aimed at redefining best practices in insurance reserving.
Regal, a leading provider of AI-powered contact center software, has secured $40 million in funding to accelerate the development and deployment of its innovative AI Phone Agent technology.
Best Insurance has launched a new AI-powered WhatsApp service that allows customers to obtain quotes, ask questions, and complete insurance purchases directly through the popular messaging app.
The UK’s recent budget announcement has sent ripples through various sectors, including the insurance industry. While some measures may offer opportunities, others pose potential challenges.
Vienna Insurance Group (VIG) has announced the launch of Cyber Risk Solutions GmbH (CyRiSo), a new subsidiary focused on helping small and medium-sized enterprises (SMEs) mitigate cybersecurity threats and manage the aftermath of cyber incidents.
HOMEE, a leading repair network for the property and casualty (P&C) insurance industry, has announced the successful closing of a $12 million Series C funding round led by W.R. Berkley Corporation, with participation from The Institutes and Sure.
Leading insurance and pension provider Baloise Group has announced the sale of its digital insurance subsidiary FRIDAY to Allianz.
Leading insurtech platform Bolt has announced a collaboration with Salesforce to launch Bolt for Salesforce on Salesforce AppExchange.
The Hartford and Coalition today announced a strategic, long-term capacity partnership to address the increasing demand for innovative cyber insurance solutions in the UK market.
MAPFRE reported a net result of €744 million for the first nine months of 2024, reflecting a 36% year-over-year increase driven by improved technical management across all regions.
Dundee-based insurtech company Broker Insights has officially launched in the United States, marking a significant milestone as it expands globally.
B.P. Marsh & Partners Plc, a specialist venture capital investor, has announced the sale of its 28.4% shareholding in Lilley Plummer Holdings Limited, the parent company of Lloyd’s broker Lilley Plummer Risks Limited.
Property and specialty (re)insurer IQUW has announced a strategic partnership with mea, an AI-driven processing platform tailored for the (re)insurance industry, to enhance its underwriting efficiency and streamline broker interactions.
October 2024 has been a banner month for insurtech startups, with a flurry of significant funding rounds pouring millions of dollars into the space.
Nationwide has announced a strategic partnership with Arlo Health, a New York-based Managing General Underwriter (MGU) specialising in level-funded health plans for small and mid-sized businesses.
In a strategic expansion, The Hartford has announced new leadership appointments within its Global Specialty division, aimed at enhancing innovation and providing a robust suite of products to meet diverse customer needs.
Glia, a leading provider of customer interaction technology, has announced a new integration with Insurity’s Workers’ Comp Suite.
Branch has reportedly raised $51 million in a new funding round led by American Family Ventures.
Tokio Marine Kiln (TMK) has announced the appointment of Alexandros Ampatzis as the new Head of Marine for the Asia-Pacific (APAC) region, effective 1 November 2024.
MetLife UK has partnered with YuLife to launch a new Group Income Protection proposition for the UK market.
Prudential Hong Kong has taken a significant step forward in the insurance industry by launching MedScreen+, a cutting-edge digital underwriting tool developed in collaboration with Reinsurance Group of America (RGA).
The EU AI Act was officially published by the European Commission in July 2024 after months of development. It is the first legislation aimed at regulating the development and use of AI across industries, with the goal of protecting the fundamental rights of citizens, writes Vlad Flamind, Lead Data Consultant, Zühlke
Cyber risk analytics leader CyberCube has announced a strategic partnership with U.K.-based insurance broker Miller, aimed at bolstering Miller’s cyber risk management capabilities.
Cyber insurance startup Coalition is gearing up to launch operations in Denmark, according to a recent job posting.
Pivix Specialty Insurance Services, a leading managing general agency specializing in excess and surplus lines, has announced a new contract binding program with Canopius US Insurance.
Inspectify, a property inspection and underwriting platform, has raised $5.26 million in a new funding round led by Munich Re Ventures.
ZestyAI, a pioneer in AI-powered climate and property risk analytics, has partnered with Donegal Insurance Group to implement its new Roof Age solution for their Personal Lines business.
Rokstone, the London-based specialist re/insurance managing general agent (MGA) and part of the Aventum Group, has announced a significant three-year binding authority agreement with Aviva.
Aurora Insurance, a digital commercial insurance platform based in London, has announced securing seed funding from QBE Ventures, the investment arm of QBE Insurance Group.
Insurtech Insights explores 15 innovative companies at the forefront of telematics, showcasing their groundbreaking solutions that leverage data analytics, real-time monitoring, and connected vehicle technology to reshape the insurance landscape and improve customer experiences.
Lloyd’s has today announced a new, pioneering disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster risk financing to Small Island Developing States (SIDS) in the Pacific.
Likewize, a global provider of tech protection, support, and extended warranties, has announced that Genstar Capital has increased its investment in the company.
Oliver Wyman has strengthened its property and casualty (P&C) actuarial capability in Europe with the establishment of a London-based presence. To lead this initiative, Matthew Facey has joined the firm as a Partner.
Currently celebrating its 10th anniversary, global insurtech Cover Genius has grown from a bold startup into a global leader in embedded technology, disrupting traditional models with its insurance solutions.
FCCI Insurance Group (FCCI) has successfully implemented Duck Creek Technologies’ Policy platform with Active Delivery to modernise its core operations and support its expansion into the Excess & Surplus (E&S) market.
Regional insurtech Igloo has officially launched its direct-to-consumer (D2C) platform, igloo.co.id, in Indonesia, marking its entry into the consumer-facing insurance market.
In a significant step towards sustainability, F&P, the Danish trade association for insurance companies and pension funds, has expanded its strategic partnership with Solera.
INSHUR, the multi award-winning global embedded insurance provider to the on-demand economy, has raised USD $19m in its latest funding round.
B.P. Marsh & Partners Plc (AIM: BPM), a specialist investor in early-stage financial services businesses, has announced its financial results for the six months ending July 31, 2024.
Chubb has appointed Tim Benson as Executive Vice President, Multinational Insurance Leader for North America, effective October 30.
Verisk, a global leader in data analytics and technology, announced today that its President and CEO, Lee Shavel, has been appointed to the Federal Advisory Committee on Insurance (FACI).
Protectivity, part of Starpeak Insurance Solutions, has announced the launch of a new visual identity and website as it embarks on its next phase of growth.
Prudential Financial, Inc. (NYSE: PRU), a global leader in financial services, has announced a strategic partnership with 123Seguro, a top player in digital insurance transformation and one of Latin America’s largest digital insurance platforms.
FWD Group has announced new leadership appointments for its Malaysian operations. Aman Chowla will assume the role of Chief Executive Officer for FWD Takaful, while Mak See Sen will join the company as Chief Executive Officer of FWD Insurance Berhad. Both appointments will be effective on November 18, 2024.
Beazley, a leading specialist insurer, has launched FLEX, a new consortium that provides financial institutions with combined coverage for civil liability, crime, fraud, Directors & Officers (D&O), and cyber risks.
AXA XL has announced the launch of a new coverage extension for its cyber insurance product designed to address specific risks associated with generative AI (Gen AI).
Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, has announced significant updates to its flagship DriveWell Risk and DriveWell Crash & Claims Product Suites.
Tune Protect Re Limited, a global travel and lifestyle reinsurance specialist, has partnered with bolttech Insurance, the Hong Kong general insurance arm of international insurtech bolttech, to launch AirAsia Travel Insurance for Hong Kong customers.
Mission Underwriting has announced the launch of Carrow Insurance, marking the 25th Managing General Agent (MGA) to join the Mission group globally.
Agentech, a leading AI-powered workforce solution for insurance claims, has raised $3 million in seed funding within 30 days, setting the stage for expansion into Property & Casualty (P&C), Workers’ Compensation, and Travel claims workflows.
AXA XL Reinsurance has announced the appointment of Greg Schiffer as Chief Executive Officer (CEO) for North America, Reinsurance, effective November 11, 2024.
China’s National Financial Regulatory Administration (NFRA) has approved the establishment of separate insurance ventures by BNP Paribas and Prudential Financial.
Kroll, a leading global risk and financial advisory firm, announced the appointment of Katherine Keefe as Managing Director and Global Cyber Insurance Industry Lead.
Next Insurance has appointed GEICO as its latest agency partner, further broadening its distribution network.
Root Insurance has announced the introduction of its latest usage-based insurance (UBI) model, Root UBI v5, in Montana, set to roll out for new policies starting September 19, 2024, and for renewals beginning November 6, 2024.
AIR Parametric, a leading provider of parametric insurance solutions, has announced the launch of Milkshake™, a new product designed to protect US dairy producers from the financial impacts of heat stress.
MassMutual has announced that it is the first insurer in the United States to offer eligible policyholders free access to Wysa Assure, an AI-powered conversational mental health app developed by Wysa and Swiss Re.
Akur8, an advanced insurance pricing and reserving solution powered by Transparent AI, has announced a new collaboration with the Insurance Company of Prince Edward Island (ICPEI).
Blueberry Life, formerly known as Bluezone Insurance, has launched an innovative life insurance solution aimed at addressing the challenges faced by millions of people with chronic health conditions in obtaining coverage.
Herald, a leading digital infrastructure provider for commercial insurance, has announced the successful close of a $12 million Series A funding round.
Cytora, a leading digital risk processing platform, has announced a new partnership with Meetrisk, a provider of advanced marine risk intelligence.
Insurtech Insights has partnered with ITN Business and is set to launch a new programme, “Redefining Insurance,” at the Insurtech Insights Europe Conference on March 19-20, 2025.
Cyber risk solutions leader Resilience has named industry veteran and former CrowdStrike executive, Matthew Polly, as its new Chief Revenue Officer (CRO).
Insurtech company Optalitix has announced a new partnership with Burns & Wilcox U.K., a global leader in wholesale insurance brokerage and underwriting, to deliver advanced technology solutions that will streamline operations and boost efficiency across Burns & Wilcox’s property, casualty, and terrorism portfolios.
Global embedded insurance provider INSHUR has successfully raised $19 million in a new funding round led by Viola Growth, bringing its total funding to $78.5 million since 2019.
Japan’s property insurance industry is forecasted to grow steadily, reaching JPY3.6 trillion ($26.5 billion) by 2028, according to a report by GlobalData.
mea Platform has announced the renewal and expansion of its strategic partnership with AXIS, a global leader in specialty insurance and reinsurance.
ClaimSorted, an insurtech company dedicated to streamlining claims processing, has raised $3 million in pre-seed funding.
Diesta has announced the successful closing of a $3.8 million seed funding round. The round was led by FinTech Collective, with participation from Commerce Ventures and existing investors.
QBE International Markets is expanding its specialty product suite with the launch of a new US Inland Marine offering in 2025.
One Inc, a leading provider of payment solutions for the insurance industry, has announced an expanded collaboration with J.P. Morgan Payments.
Launching an insurtech in today’s rapidly evolving landscape is no easy feat. ComplyTek’s founders, brothers Christos and Anastasios Ttiniozou, share their experience with Insurtech Insights.
FWD Group has announced the appointment of Peter Reynolds as its new Group Chief Strategic Development Officer, effective November 1, 2024.
Stoïk, a Paris-based cyber insurance startup, has successfully raised $27 million in Series B funding, led by Alven.
Allstate Protection Plans, a division of Allstate, has announced the acquisition of Kingfisher, a privately-held company that specialises in optimising the lifecycle of smart devices.
Inari, a leading provider of core technology solutions for the insurance industry, has announced a new partnership with Diesta, a provider of premium processing platforms for insurance intermediaries.
FWD Group has announced a significant three-year partnership with Roche Diagnostics Asia Pacific, aimed at integrating Roche’s navify® digital healthcare solutions and advanced diagnostic methodologies into FWD’s health insurance services across Asia.
LexisNexis Risk Solutions has announced the launch of LexisNexis Life Smart Path, a new solution designed to streamline the life insurance application and underwriting process.
Sprout.ai, a leading claims automation platform for the insurance industry, has announced the appointment of Ian Thompson, former Group Chief Claims Officer at Zurich, as the first member of its newly established Growth Advisory Board.
A new report by the Capgemini Research Institute highlights the challenges facing the life insurance industry in meeting today’s customer expectations.
Gradient AI, a provider of enterprise artificial intelligence solutions, has announced its partnership with Michigan Planners, a leading insurance agency specialising in employer group benefits.
DA Strategy has announced the successful launch of Volt Underwriting, a new Managing General Agent (MGA) focused on the energy transition sector.
New contract gives Lloyd’s Managing Agents greater flexibility to access additional services when adopting MIS’ geospatial intelligence platform GEO
Concert Group has officially announced the full operational launch of its risk retention platform, Harmony Re.
Climate change is reshaping the insurance landscape, demanding innovative solutions to address the growing risks associated with extreme weather events.
hyperexponential, a global pricing platform for re/insurers, has announced the launch of its first templated reinsurance pricing model, designed for treaty reinsurance, including Excess of Loss (XoL) agreements.
Africa Specialty Risks (ASR), a prominent (re)insurance group focused on Africa and the Middle East, has announced the appointment of Amit Khilosia as its new Chief Distribution Officer.
Zurich Australia has introduced a new Total and Permanent Disability (TPD) insurance option designed to better support individuals requiring ongoing care due to a severe accident or illness.
Distinguished Programs, a leading provider of property and liability insurance products, has announced an expanded partnership with Berkley Program Specialists to underwrite its Community Associations Crime and Directors & Officers (D&O) products.
Marsh has announced that Will Thomas-Ferrand, International Practice Leader, Marsh Captive Solutions, will assume leadership of Marsh’s captive insurance business on January 1, 2025.
COVU, a leader in AI-native services for insurance agencies, has announced the successful completion of $12.5 million in equity and debt financing as part of its first Series A funding round.
Coterie Insurance has expanded its product offerings to include cyber insurance. In partnership with Berkley Re Solutions and TransUnion, Coterie now provides comprehensive cyber coverage to small businesses.
EIS, a leading SaaS core platform provider in the U.S. Group Benefits Market, has announced a strategic partnership with AbsenceSoft, a market leader in absence management solutions.
In the wake of Hurricanes Helene and Milton, Florida’s home insurance market faces an unprecedented crisis, exacerbating long-standing challenges of rising costs, climate-related risks, and litigation.
Akur8, a leading provider of next-generation insurance pricing and reserving solutions powered by Transparent AI, has announced a new partnership with RSM US LLP (RSM), a top provider of assurance, tax, and consulting services for the middle market.
At a ceremony held in Ho Chi Minh City, Global Care, a leading Insurtech company in Vietnam, announced that Poni Insurtech has become a strategic shareholder, acquiring a significant stake in the company.
Amwins, a global specialty distributor, has partnered with Floodbase, an insurtech company, to introduce a new municipal flood insurance program designed specifically for California.
rradar, a leading UK-based legal enterprise, has officially announced the appointment of Matthew Williams as the Managing Director of its newly launched insurance division, rrelentless.
“The return on investment has been excellent – we’ve already had a company join our Soft-Landing programme in Wales and form partnerships with several other
Redkik has announced a strategic partnership with Canopy Specialty Insurance, a U.S.-based Insurance Program Administrator.
Cytora, a leading digital risk processing platform, has partnered with Kroll, a global risk and financial advisory firm, to provide commercial insurance underwriters with enhanced insights into asset values and risks.
Stream Claims, an insurtech startup specialising in AI-powered medical document review for workers’ compensation, has raised $5.3 million in a seed funding round led by Spark Capital.
San Mateo-based startup Pinpoint Predictive has announced the successful close of its Series A funding round, raising over $23 million.
Qantev, a leading provider of AI-powered claims management solutions for health and life insurers, has secured €30 million in a new funding round led by Blossom Capital.
InsurTech company Intelligent AI has teamed up with the Building Cost Information Service (BCIS), a renowned organisation with over 60 years of expertise in construction cost data, to launch an innovative AI-powered platform designed to revolutionise property reinstatement cost assessments.
Earnix, a leading AI-driven SaaS platform for intelligent decisioning in the insurance and financial services industries, has announced the appointment of Jessica Buss, Chief Executive Officer of Argo Group, to its Board of Directors, effective October 1st.
Embroker, a leading digital business insurance platform, has announced the launch of its newly redesigned website, aimed at simplifying the insurance process for businesses.
According to new research by Marsh McLennan, economic and financial challenges (43%), cyber threats (39%) and people-related risks (38%) are the top three concerns facing UK businesses over the next 12 months.
Lloyd’s has released a new report estimating that a hypothetical geopolitical conflict could lead to a staggering US$14.5 trillion in economic losses over five years.
Verisk’s Extreme Event Solutions group has projected that insured losses in the U.S. from Hurricane Helene will range between $6 billion and $11 billion.
The frequency and severity of large cyber insurance claims have risen sharply in 2024, driven by a growing number of data and privacy breaches, according to Allianz Commercial’s latest cyber risk outlook.
MoneyHero Limited, a leading personal finance and digital insurance brokerage platform in Greater Southeast Asia, has launched a new car insurance platform through a strategic partnership with bolttech, a global leader in insurtech.
Penguin Benefits, a provider of parental leave planning technology, has expanded its platform to cover all 50 states and the District of Columbia.
Majesco has announced the launch of its highly anticipated Fall ’24 Release, featuring transformative innovations designed to redefine the insurance industry.
Admiral Group has announced that Cristina Nestares will step down as CEO of its UK Insurance business, with Deputy CEO Alistair Hargreaves set to take over the role, pending regulatory approval.
Simply Business, a leading provider of SME insurance, has announced a new partnership with Markel UK, adding the insurer to its panel to offer tailored coverage for contractors.
Ambac Financial Group has announced a strategic partnership with Pivix Specialty Insurance Services, a newly launched Managing General Agent (MGA) focused on the excess and surplus (E&S) lines market.
AI is swiftly transforming the insurance industry, and is mainly driven by insurtech startups that are at the forefront of adopting the cutting-edge technology.
Intersys, a leading UK-based provider of cyber risk management solutions, has announced its expansion in the UK insurance market with the opening of a new office in Leadenhall Market, London.
Berlin Direkt Versicherung, the digital insurance arm of HanseMerkur Insurance Group, has teamed up with Blink Parametric to launch an innovative travel insurance bundle for its online customers.
US-based insurtech managing general agent Ledgebrook has secured $17 million in a Series B funding round, led by Duquesne Family Office with participation from The Stephens Group, along with continued backing from long-time partners Brand Foundry Ventures and American Family Ventures.
Beazley, a leading specialty insurer, has introduced a new cyber insurance offering, Beazley Quantum.
Zego, the commercial and personal lines motor insurer, today announced a significant addition to its board. Stephen Treloar, who is an accomplished and seasoned insurance executive, having previously served as CEO of Allianz PL and LVGI, joins Zego as an Independent Non-Executive Director.
Starwind Specialty Insurance Services, a subsidiary of TIH, has announced a partnership with Stone Point Credit to establish Fractal Re, a new collateralised reinsurer aimed at enhancing reinsurance capacity across Starwind’s diverse portfolio of casualty programmes.
According to a recent report by Bloomberg Intelligence, demand for cyber insurance is anticipated to increase in response to a surge of high-profile cyberattacks.
Flora Fertility, an innovative insurtech company, has closed an oversubscribed pre-seed funding round, raising $1.5 million to develop and launch the first individually-owned fertility insurance solution across the US and Canada.
Everest Group has announced a strategic agreement with Ryan Specialty, a leading international specialty insurance firm
TreviPay, a leading B2B payments and invoicing network, has announced a strategic partnership with Allianz Trade, the global frontrunner in trade credit insurance.
Lockton has announced the launch of Lockton Pulse, a cutting-edge digital insurance platform designed to cater to the needs of small and medium-sized enterprises (SMEs) and individuals in Australia.
Adaptive Insurance has unveiled a groundbreaking parametric insurance platform powered by artificial intelligence (AI), aimed at transforming how businesses manage climate-related risks.
Africa Specialty Risks (ASR), a leading (re)insurance group focused on Africa and the Middle East, has announced that its UK-based entity, Africa Specialty Risks Ltd (ASR Ltd), is now operating as a Lloyd’s service company.
Verisk’s Extreme Event Solutions group has estimated that insured losses from the September 2024 floods in Czechia, Poland, and Austria will range between EUR 2 billion (US$2.2 billion) and EUR 3 billion (US$3.4 billion).
Coalition, the world’s first Active Insurance provider focused on preventing digital risks, has appointed Tine Simonsen as its Head of Insurance for Continental Europe.
In a groundbreaking move for earthquake preparedness, Liberty Mutual Reinsurance (LM Re) and Safehub have teamed up with the University of California (UC) to introduce the first sensor-triggered parametric earthquake coverage in the United States.
Hippo has announced the expansion of its New Homes Program, increasing access to home insurance in California, Florida, and Texas.
Digital adoption solutions provider Whatfix has raised $125 million in its Series E funding round, pushing its total funding to $264.8 million.
Cytora, a leading digital risk processing platform, has announced a partnership with PriceHubble, an international property data solutions provider, to deliver advanced real estate intelligence to insurers.
Hospitality management platform Kasa Living has partnered with Vertical Insure, an embedded insurance startup, to integrate travel insurance directly into Kasa’s booking system, providing guests with seamless trip protection.
Global reinsurance giant SCOR has launched SCOR Digital Solutions, a new platform designed to integrate and enhance its core Life & Health (L&H) digital tools.
AXA Climate has launched Altitude, a groundbreaking platform designed to assist businesses in measuring climate risks, implementing adaptation strategies, and fulfilling Corporate Sustainability Reporting Directive (CSRD) requirements.
Duck Creek Technologies, a leader in intelligent solutions for property and casualty (P&C) insurance, has launched its new Duck Creek Payments Facilitator, a comprehensive payment solution tailored specifically for the insurance industry.
Leading insurance brokerage Hub International has formed a strategic alliance with MAS Seguros, Mexico’s largest trucking insurance broker, to provide enhanced insurance and risk management services across the US, Canada, and Mexico.
Manulife has announced the adoption of Generative Artificial Intelligence (GenAI) to improve business processes and elevate customer service across Asia, with Singapore as the first market for the rollout
RSA has announced the launch of its latest Financial Risks product, Directors’ and Officers’ (D&O) Protection, expanding its established Professional and Financial Risks portfolio.
The Open Carbon Protocol (OCP) has announced a strategic partnership with Kita, a leading provider of insurance and risk management solutions for the carbon market.
Fathom, a leading provider of catastrophe risk modeling solutions, has launched Global Flood Cat, a comprehensive flood catastrophe model that empowers risk managers to accurately assess financial losses from flood events.
Earnix, a global leader in intelligent decisioning SaaS solutions for the financial services sector, has launched Earnix Lending Plus, a comprehensive AI-powered platform that merges advanced pricing analytics with automated credit risk decisioning.
Nym, a leading Israeli healthtech startup, has secured $47 million in a growth investment round led by PSG.
Bikmo, a leading cycle insurance provider, has announced a new partnership with Cycling UK, the UK’s largest cycling charity.
Insurity, a leading provider of insurance software, has introduced a new AI-powered document intelligence solution designed to streamline data extraction processes for insurers and MGAs.
Willis Towers Watson has announced plans to sell its direct-to-consumer insurance distribution business, Tranzact, to private equity firm GTCR for US$632.4 million.
UK-based insurance company Ripe Thinking has announced the acquisition of GJW Direct, a specialist in non-commercial marine insurance, from Munich Re Specialty. The deal is expected to be finalised in the first half of 2025.
Cyber insurance provider Cowbell has strengthened its leadership team as it prepares for significant growth.
A new global survey conducted by Chubb, a leading insurance provider, has revealed that cyber scams are significantly impacting consumer trust in digital payments.
Miller, a leading specialist re/insurance broker, has finalized its acquisition of Bruzon Correduría de Seguros y Reaseguros, a Madrid-based commercial insurance broker.
As cybercrime continues to target business travelers around the world, BOXX Insurance Inc., a global leader in cyber insurance and security, has partnered with World Travel Protection (WTP), part of the Cover-More Group, to introduce Cyber Assist, a cutting-edge cyber protection tool designed to safeguard business travelers from emerging online threats.
Cyber risk solutions leader Resilience has announced the expansion of its European insurance operations into France and the Benelux region.
Millennial Specialty Insurance, one of the largest independent MGAs in the country, has announced the launch of its new brand, MSI.
Marsh McLennan has announced plans to acquire McGriff Insurance Services, a leading provider of insurance broking and risk management services in the United States.
Jakarta-based Health insurtech startup Rey has secured an additional $3.5 million in funding to expand its AI-powered health insurance platform.
Following the devastating landfall of Hurricane Helene in Florida, reinsurance broker Gallagher Re has significantly increased its estimate of insured losses.
Canopius, a leading specialty lines (re)insurer, has announced that it will no longer be writing new space business.
EXL has launched a new AI model designed specifically for the insurance industry.
YuLife, a UK-based insurtech company, has announced the launch of its group life insurance services in South Africa.
Pouch Insurance has announced that its AI assistant, Goodie, is now fully integrated with the Instanda platform, providing agents with enhanced capabilities for customer interaction and quote generation.
AgencyBloc, a leading provider of insurtech solutions for the health, senior, and benefits industries, has announced a new partnership with SunFire, a Medicare quoting and enrollment platform.
Abacus Life, a leading alternative asset manager and direct buyer of life insurance, has announced a strategic partnership with Lorisco Life, a health prediction company specializing in advanced proteomics and machine learning.
Insuritas, a leading embedded insurance provider for financial institutions, has announced a new partnership with Recoop Disaster Insurance.
Insurtech is revolutionising the insurance industry, bringing innovative solutions to traditional practices. As the sector continues to evolve rapidly, funding plays a crucial role in driving growth and innovation.
Axis Insurance Managers Inc. (“Axis Insurance”) has announced the acquisition of the O’Neill Group, a prominent employee group benefits, life insurance, and wealth advisory firm in British Columbia.
AXA Hong Kong and Macau has launched a groundbreaking Heatwave Parametric Insurance aimed at shielding outdoor workers from the rising risks posed by extreme heat during the summer months.
Ledger Investing, a marketplace for casualty insurance-linked securities, has announced the successful closing and launch of a new $100 million casualty sidecar facility.
Former chemical engineer turned insurtech pioneer, Bill Song, shares the journey that led him to launch Peak3, a leading provider of digital solutions for the global insurance industry.
AXA UK has launched a new digital service designed to streamline the insurance claims process for customers.
Broadstone, a leading independent financial services consultancy, has announced the appointment of Ewen Tweedie as Actuarial Director within its Insurance, Regulatory, and Risk Consulting division.
Lloyd’s has announced a formal partnership with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), which builds on over 25 years of collaboration between the two parties and emphasises a commitment to drive sustainable development outcomes through World Bank Group guarantees.
Coterie Insurance, a leading MGA insurtech specialising in small business insurance, has announced an updated Business Owners Policy (BOP) integration with Builders & Tradesmen’s Insurance Services Inc. (BTIS).
The pan-African AXIAN Group has completed a strategic acquisition of a stake in WiASSUR, a Côte d’Ivoire-based insurance start-up, marking a significant step in AXIAN’s expansion into the African insurance sector.
Direct Line Group has bounced back to profitability in the first half of 2024, fueled by strong premium growth and improved margins.
Tokio Marine Kiln (TMK) and Marsh have announced the launch of an exclusive insurance facility designed to cover business interruption arising from trade disruption for ports and terminals.
Tower Insurance and CelsiusPro have announced the launch of a new parametric insurance platform for Fiji and Tonga, starting with Cyclone Response Cover.
King Risk Partners continues its strategic expansion with the acquisition of Cypress Risk Management for an undisclosed amount.
Sompo International, a leading global specialty insurer, has announced the launch of a new national marine insurance proposition for the UK market.
Health Compass, an insurtech platform in the international private medical insurance (IPMI) market, continues its growth trajectory with the addition of four prominent advisory groups: DR-WALTER, Hoxton Wealth, Status Global Insurance, and Santé Group.
Orion180, a leading innovator in the insurance industry, has expanded its admitted homeowners insurance offerings to North Carolina.
New research from Beazley, a leading specialist insurer, reveals that artificial intelligence (AI) is becoming the most pressing challenge for digital health and wellness companies.
West Bend Insurance Company has announced an expansion of its partnership with ZestyAI, a leading provider of climate and property risk analytics powered by artificial intelligence (AI).
Centivo, a leading healthcare company dedicated to making high-quality healthcare more affordable, has announced the successful completion of a $75 million financing round.
Envelop Risk, a leading UK-based global specialty cyber reinsurance MGA with offices in Bristol, London, Bermuda and San Francisco, has announced the launch of a new services business, Envelop Risk Solutions.
Xceedance, a global insurance consulting, technology, and managed services provider, has announced the acquisition of Millennium Information Services, a leader in property inspection and data analytics.
Flywire Corporation, a leading global payments enablement and software company, has announced the acquisition of Invoiced, a SaaS platform specialising in automating the Accounts Receivable (A/R) process for mid-market businesses.
SureChoice Underwriters Reciprocal Exchange (SURE), a policyholder-owned reciprocal exchange, has partnered with SageSure, a leading managing general underwriter focused on catastrophe-exposed markets, to unveil its first non-admitted business owners policy (BOP) in California.
Global insurance broker Howden has launched a new platform designed to assist clients in evaluating and addressing climate-related challenges.
Relation Insurance Services has announced the acquisition of Whitney Oaks Insurance Services, Inc., effective August 30, 2024. The terms of the transaction were not disclosed.
Farmers Insurance is declining to renew over 1,000 home policies in Oklahoma, officials say.
RWS, a global leader in technology-driven language, content, and intellectual property solutions, has announced a multi-year Strategic Collaboration Agreement with Amazon Web Services (AWS) to launch new solutions powered by generative AI.
McGill and Partners, a leading independent global specialty insurance and reinsurance broker, has announced its expansion into the Nordic region with the opening of a new branch office in Sweden, pending regulatory approvals.
arqu, a tech-enabled wholesale insurance brokerage based in San Francisco, has raised US$10 million in a Series A round led by Crosslink Capital with participation from Intact Ventures.
Quantee, a leading InsurTech company, has announced a new partnership with Colombian insurer Seguros del Estado.
BOXX Insurance, a global leader in cyber insurtech, has announced two key leadership appointments as part of its strategic expansion across the Americas.
Kyber, a Y-Combinator-backed AI startup, has unveiled a groundbreaking platform designed to automate the claims notification process for insurance teams.
Cachet, a company specialising in insurance products for platforms and micromobility, has announced a new partnership with TaskRabbit to provide enhanced insurance options for freelancers.
kWh Analytics, a provider of climate insurance for renewable energy assets, has announced a $2.4 million partnership with the U.S. Department of Energy’s Solar Energy Technologies Office (SETO).
Inszone Insurance Services, a leading provider of commercial, personal, and benefits insurance, has announced the acquisition of Catalyst Benefits Group, LLC, an employee benefits brokerage based in Tulsa, Oklahoma.
Madrid-based insurance startup, Tuio, has successfully raised $16.7 million in a combination of equity and debt.
Ocean State Credit Union has announced a new partnership with Insuritas to launch a full-service, embedded digital insurance agency.
Caroline Feeney, Executive Vice President and CEO of Prudential’s U.S. Businesses, has been named the 2025 Board Chair of LL Global, the parent organisation of financial services industry groups LIMRA (Life Insurance Marketing and Research Association) and LOMA (Life Office Management Association).
Hawaii Employers’ Mutual Insurance Company, Inc. (HEMIC) has announced a $5 million dividend for its qualifying policyholders, marking the largest dividend issued in the company’s history.
American Family Insurance Group has announced that it will raise its minimum wage to $25 per hour, effective January 1, 2025.
French digital health insurance startup Alan has reached a valuation of €4 billion following a €173 million ($193 million) funding round led by Belgian bank Belfius Bank SA.
From the cutting-edge research of CERN to steering risk solutions at Swiss Re, Paloma Quiroga Arias leverages her particle physics background to help transform the insurance industry. As Head of Risk Consulting & Analytics, Quiroga is driving data-driven decisions and innovation, reshaping how insurers understand and manage risk. Insurtech Insights finds out more.
EvolutionIQ, a global leader in claims guidance technology, has joined the Council of Australian Life Insurers (CALI) as its inaugural Life Partner, marking a significant step in CALI’s corporate partner program.
Koltin, a Mexican insurtech focused on providing private health insurance for seniors, has raised $7.3 million in a Series A funding round led by Left Lane Capital.
Insurance broker Marsh and Lloyd’s underwriter Tokio Marine Kiln (TMK) have introduced a new business interruption insurance product designed to protect ports against increasing trade disruption risks.
wefox Holding AG has announced the appointment of Joachim Müller as its new CEO, effective immediately.
Functional Finance, a software platform “revolutionising financial operations” for managing general agents, insurance companies, and wholesalers, announced the closing of a $20 million Series A funding round led by Walkabout Ventures, with participation from Munich Re Ventures and Phil Edmundson, the founder of Corvus Insurance.
Lloyd’s, the global leader in insurance and reinsurance, has announced the appointment of Sir Charles Roxburgh KCB as its next Chair, pending regulatory approval from the Prudential Regulation Authority and the Financial Conduct Authority.
Prudential Financial, Inc. (NYSE: PRU) has introduced a new Stop Loss Insurance product aimed at helping companies with self-funded medical plans mitigate the financial risks of high-cost medical claims.
Louisiana Workers’ Compensation Corporation (LWCC), the largest workers’ compensation carrier in Louisiana, has selected Akur8’s Core Platform solution to enhance its predictive modeling capabilities and strengthen underwriting insights.
Pivix Specialty Insurance Services, a new managing general agency (MGA) focused on the Excess and Surplus (E&S) lines market, has officially launched.
Pineapple Financial, a Canadian mortgage company, has officially launched Pineapple Insurance, marking a significant expansion of its business.
American International Group, Inc. (NYSE: AIG) has announced the appointment of Keith Walsh as Executive Vice President and Chief Financial Officer (CFO), effective October 21, 2024.
INSTANDA, a global leader in SaaS platform technology for the insurance industry, has announced its integration with Swiss Re’s automated underwriting platform, Magnum.
Majesco, a leading provider of cloud-based insurance software, has announced the launch of its new AI ecosystem powered by Majesco Copilot.
Allianz Partners USA has introduced a redesigned Universal Claims Portal, aimed at simplifying the travel insurance claims process for customers.
Legal & General has announced the sale of its UK housebuilding subsidiary, CALA Group, to Ferguson Bidco Limited, a company owned by funds managed by Sixth Street Partners and Patron Capital.
Munich Re North America Life has launched a new longevity reinsurance solution tailored for the US and Canadian markets, offering clients the ability to accumulate assets while mitigating biometric risks.
Cyber insurance startup Cowbell has announced an expansion of its underwriting capacity, enabling it to cover businesses with annual revenues of up to $1 billion.
Zywave, a leading provider of SaaS InsurTech solutions, today announced the appointments of Martin Simoncic as Chief Executive Officer and Chris Kasper as Chief Financial Officer.
Healthee, a leader in health benefits technology, has announced the launch of its enhanced app, set for early 2025.
Insurtech firm Optalitix has announced a new partnership with Go.Compare, bringing its unique motor and home insurance pricing solution to insurers via the popular comparison site.
The use of AI to manipulate insurance claims is on the rise in the UK, with nearly one in four claims suspected of involving falsified data, according to new research by claims automation company Sprout.ai.
CarePay International, a leading innovator in next-generation health insurance platforms based in Amsterdam, has raised €10 million in fresh funding from Reinsurance Group of America (RGA) and the Health Insurance Fund (HIF), a fund supported by the Ministry of Foreign Affairs of the Netherlands.
Seguros Lagun Aro, a prominent player in the Spanish insurance market, has announced a strategic partnership with Akur8, a cutting-edge insurance pricing and reserving platform powered by Transparent AI. The collaboration aims to streamline Seguros Lagun Aro’s pricing processes for its Property and Casualty (P&C) offerings, enhancing both efficiency and pricing accuracy.
Roots Automation, an AI-driven solutions provider for the insurance industry, has secured $22.2 million in a Series B funding round led by Harbert Growth Partners, with participation from MissionOG, Liberty Mutual Strategic Ventures, and Vestigo Ventures.
Insurity, a leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has been named to the 2024 IDC FinTech Rankings Top 50.
Parsyl, a leading innovator in supply chain risk management and insurance, has announced a major rebrand to align with its evolving business model and ambitious growth plans.
PCF Insurance Services, a leading U.S. insurance brokerage, announced today the acquisition of the insurance business of Top Insurance Associates, an all-lines insurance agency based in Snohomish, Washington.
IS2, a leading provider of digital distribution platform (DDP) solutions, has unveiled its new API-enabled hosted pricing solution, designed to transform distribution for commercial insurers and Managing General Agents (MGAs).
Nayya, a leading platform that simplifies employee benefits selection and management, has announced a new investment from Workday Ventures.
FifthWall Solutions, a Pennsylvania-based cyber insurance wholesaler, has successfully raised $5 million in Series A funding to fuel its growth.
Swiss Re has selected mea platform’s Generative AI (GenAI) solution for its global reinsurance and insurance operations, marking a significant expansion in the companies’ partnership.
Marsh McLennan, the global leader in professional services across risk, strategy, and people, has named Kristof De Bremme as CEO of Marsh McLennan for Belgium and Luxembourg, as well as President of Marsh in the region. He succeeds Rebecca Tielemans in the role.
Tyler Boire, Senior Intelligence Analyst at Resilience, speaks with Insurtech Insights about his team’s efforts to combat the notorious North Korean hacker group, Kimsuky.
Everest has officially announced the launch of its local entity, Everest Compañía de Seguros Generales Colombia S.A., following regulatory approval from the Superintendencia Financiera de Colombia.
British insurance intermediary Howden has further expanded its presence in Australia by acquiring Collegial Insurance Services, a Sydney-based general insurance broker.
A new report from the Swiss Re Institute suggests that excess mortality in the US could remain up to 3% higher than pre-pandemic levels by 2033, with the UK facing a potential 2.5% increase.
SME-focused insurtech startup Onsurity has raised an additional $21 million, led by private equity firm Creaegis, to complete its Series B funding round at $45 million.
Akur8, the AI-powered insurance pricing and reserving platform, has raised $120 million in its latest Series C funding round, bringing its total funding to $180 million.
Ledgertech has secured the 2024 EMEA InsurTech Innovation Award at The World’s Digital Insurance Awards, recognized for its leadership in embedded insurance solutions.
Nirvana, a pioneering health tech company specialising in insurance verification and eligibility with machine learning and artificial intelligence, has announced a successful $24.2 million Series A funding round.
Sun Life US is advancing its claims integration by enabling members to file a single claim for multiple benefits, streamlining access to disability, supplemental health, stop-loss, and dental coverage.
Prudential Financial has announced a new partnership with RightCapital, expanding its presence on digital financial planning platforms aimed at empowering retail advisors with tech-forward tools.
Guidewire (NYSE: GWRE) has announced the availability of comprehensive data and maps detailing hurricane risk across the U.S., powered by HazardHub’s extensive dataset of over 1,000 climate risk factors.
Sedgwick, a global provider of insurance claims management, loss adjusting, and technology-enabled business solutions, has announced a $1 billion investment from North American private equity firm Altas Partners. This strategic partnership values Sedgwick at $13.2 billion.
Lemonade CEO and Co-Founder, Daniel Schreiber will headline as a main stage speaker at Insurtech Insights Europe 2025.
EverPeak Insurance, a workers’ compensation provider, has officially launched its services in South Carolina. The announcement follows the company’s recent expansion into Arizona earlier this week.
Allstate Financial Services has selected global life insurer Foresters Financial as a key provider for its U.S. life insurance offerings.
Akur8, a cutting-edge insurance pricing platform leveraging transparent machine learning, has announced a new partnership with Heritage Insurance, a leading property and casualty insurance company based in Tampa, Florida.
Cytora, a leading digital risk processing platform, has announced a partnership with Mitiga Solutions, a provider of science-based climate risk intelligence, to enhance insurers’ ability to assess and manage climate-related risks.
Sun Life Financial has announced significant leadership changes within its Canadian division. Effective September 30, 2024, Jacques Goulet will take on the role of Executive Chair, Sun Life Canada, while Jessica Tan will succeed him as President of Sun Life Canada.
Mammoth Life and Reinsurance Company has announced an exclusive strategic partnership with The Marathon Group to provide $1 billion in life insurance benefits to communities of colour.
Voya Financial and OneAmerica Financial have entered into a definitive agreement for Voya to acquire OneAmerica Financial’s full-service retirement plan business.
Policy Expert, the award-winning home and motor insurance provider, has secured new backing from international private equity firm Cinven to support its expansion and growth strategy.
NEAT Protect, a leading provider of embedded insurance solutions based in Paris, has raised €50 million in a Series A funding round, led by Hedosophia, with support from Mundi Ventures, ETFS Capital, Athletico Ventures, and existing investors.
US-based insurtech managing general agent (MGA) Ledgebrook has raised $17 million in a Series B funding round.
HDI Global Insurance Company, the US branch of the global commercial insurer HDI Global SE, has announced the launch of its new excess Life Sciences Liability policy.
Optalitix, the specialist insurance and finance software provider, today announced a follow-on fundraising round of US$3 million led by existing investor Calculus Capital, with participation from 24 Haymarket and others.
Assuria N.V., the largest insurance provider in Suriname, is advancing its digital transformation by adopting Equisoft’s cloud-based policy administration system and advisor tools.
Beazley, a leading specialist insurer, has published its latest Risk & Resilience report: Spotlight on Cyber & Technology Risk 2024, which explores how businesses perceive increasing cyber threats, tech disruption, and intellectual property risks amid rapid technological advances.
Envelop Risk, a specialist in cyber reinsurance and analytics, has launched a new services division called Envelop Risk Solutions, aimed at providing comprehensive support to insurers and reinsurers looking to strengthen their cyber capabilities.
Trupanion, a provider of medical insurance for cats and dogs, has launched its signature product in Germany and Switzerland, marking a key milestone in the company’s European expansion.
The recent news that leading BNPL fintech, Klarna, has shed 700 staff (half its workforce) following the adoption of AI tools – and is more streamlined and profitable than ever before – should come as a wake-up call to many in the financial services space.
Markel, the insurance arm of Markel Group Inc, has launched its new FintechRisk+ insurance policy, reinforcing its commitment to offering market-leading coverage and service solutions for fintech firms navigating an increasingly complex landscape.
Sigo Seguros, a car insurance startup dedicated to serving underserved communities, has raised $10.5 million in a Series A funding round.
WTW has announced a new partnership between its Affinity Insurance division and Kayna, an award-winning insurance infrastructure platform.
FWD Group Holdings Limited (FWD Group or FWD) has announced a four-year extension of its partnership with INSEAD, aimed at providing top-tier leadership development for its leading agency figures.
Tokio Marine Kiln (TMK) has announced the launch of a new Specialty Reinsurance division as part of its growth and diversification strategy, with Phil Taylor appointed to lead the initiative.
Coalition has launched its reinsurance intermediary, Coalition Re, with the goal of providing capacity for cyber reinsurance treaties and furthering its mission to protect underserved businesses.
LIMOSS and Charles Taylor have announced a partnership which will provide the Delegated Data Manager (DDM) as an elective market service through LIMOSS.
Akur8, a provider of machine learning-based insurance pricing solutions, has announced the acquisition of Arius®, a property and casualty (P&C) reserving software.
Starkweather & Shepley Insurance Brokerage, Rhode IIsland’s largest insurer, has launched an AI-powered platform designed to streamline the insurance procurement process and optimise underwriter risk assessment.
Cogitate, a cloud-native provider of core policy, billing, and claims systems for the insurance industry, has announced it is partnering with One Inc to streamline the payment process for insurers and policyholders.
Social inflation has emerged as a key factor behind the surge in US liability claims, according to Swiss Re Institute’s newly launched Social Inflation Index.
AON, a global leader in professional services, has announced a significant expansion of its Bermuda reinsurance platform, aimed at enhancing transactional and capital optimisation solutions while fostering profitable growth opportunities for clients.
Swiss Re is forecasting an increase in demand for reinsurance protection due to heightened natural catastrophe risks, macroeconomic instability, and geopolitical tensions.
Connect Underwriting Limited, a specialist reinsurance MGA, has announced the launch of BRICS UW (BRICS), a reinsurance MGA designed to provide capacity to emerging markets, pending regulatory approval.
Global insurance brokers Aon and Marsh McLennan have called on the (re)insurance industry to leverage its capital, expertise, and historical role in fostering economic resilience to aid Ukraine’s recovery and post-conflict reconstruction efforts.
NFP, an Aon company and a leading property and casualty (P&C) broker, has acquired Scott Litman Insurance Agency (SLIA), a Calabasas-based firm specializing in habitational risk.
Mitsui Sumitomo Insurance (MSI), part of the MS&AD Insurance Group, has announced a strategic investment in Serenity Health Partners Pte. Ltd., a Singapore-based company focused on health insurance.
McGill and Partners, the independent global specialty insurance and reinsurance broker, has announced the appointment of Nick Williams-Walker as Group Chief Operating Officer, effective from 23 September 2024.
San Francisco-based health benefits startup Thatch has secured $38 million in a Series A funding round, led by Index Ventures and General Catalyst.
AXA UK & Ireland has announced the appointment of Rahul Gumber as its new Chief Risk Officer, pending regulatory approval.
The first half of 2024 marked a significant downturn in insurance carrier M&A, with only 103 deals completed, the lowest figure in 15 years, according to Clyde & Co’s mid-year Growth report.
Vertafore, the leader in modern insurance technology, announced its latest innovation to empower benefits brokers: automated importing for SBC data into BenefitPoint.
The Demex Group, a risk analytics and intelligence firm specialising in stop-loss reinsurance protection, has raised $10.25 million through a Series A and previous SAFE funding round, led by Congruent Ventures. Moxxie Ventures, MetaProp, and existing investor Blue Bear Capital also participated.
Insurity, a leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has announced a strategic partnership with Gain Life, a company specialising in enhancing the claims process through behavioural economics and AI.
Korint Insurtech, a rising player in the digital insurance space, has raised €5 million in a funding round led by venture capital firm Ventech, with continued support from 360 Capital.
Root Insurance has announced a new partnership with First Connect Insurance Services, a digital platform that provides independent agents access to multiple carriers and Managing General Agents (MGAs).
The partnership with battleface will allow HBX Group to provide its clients and partners insurance products that are “highly customisable” and available to residents in over 180 countries.
Moody’s Corporation has acquired casualty insurance analytics provider Praedicat, building on its 2021 acquisition of RMS and further expanding its investments in analytics and the casualty insurance market.
Onfleet, a last-mile delivery management software platform, has announced a new integration partnership with Fairmatic, a provider of commercial auto insurance that rewards fleets with savings for safe driving.
Collinson, a global leader in customer benefits and loyalty, has announced a strategic partnership with National Australia Bank (NAB) to offer global airport lounge access to NAB’s Rewards Signature credit cardholders in Australia in the event of a flight delay.
A new whitepaper from Marsh McLennan and Zurich Insurance Group highlights the urgent need for greater public sector involvement to bolster societal resilience against catastrophic cyber events.
John Neal expresses concerns over potential impact on investment as Lloyd’s of London posts robust first-half results.
Cytora has announced a strategic partnership with data-driven art evaluator Overstone, enabling speciality insurers to access Overstone’s art intelligence via Cytora’s digital risk processing platform.
Irish Insurtech Blink Parametric Enters Sub-Saharan Market, Launching in Kenya with Flight Disruption Solution
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announced a strong set of results for the first six months of 2024, with an overall profit before tax of £4.9bn (HY 2023: £3.9bn).
Cambridge Mobile Telematics (CMT), the world’s leading telematics service provider, has further strengthened its European operations by appointing Rima Khetab as the Director of Sales for France and Benelux.
The idea for Canopy Connect sprang from a chance conversation at a dinner – and was prototyped over a weekend. Insurtech Insights talks to Tolga Tezel about his extraordinary startup journey.
Aviva, a leading insurance and financial services company, has entered into a strategic partnership with Nirvana, a media, tech, and cyber Managing General Agent (MGA), to launch a new European cyber insurance binder
GoHealth, a prominent health insurance marketplace, has announced a significant step forward with its acquisition of e-TeleQuote Insurance, a well-regarded player in the Medicare insurance market.
Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, has announced a strategic joint venture with Skyward Specialty Insurance Group, a prominent player in the specialty property and casualty market.
The Clear Group, an independent insurance broker based in London, has acquired managing general agency Accelerate Underwriting.
VIG Re has announced that effective January 1, 2025, Tobias Sonndorfer will succeed Johannes Martin Hartmann as Chief Executive Officer and Chairman of the Board of Directors in line with the established succession plan.
WTW has partnered with Canopius and Verita Capital Solutions to introduce a new property insurance facility called the Client Edge Facility.
SiriusPoint, a global specialty re/insurer, has entered a strategic partnership with travel insurtech Gigasure, a company that provides customisable insurance policies for travellers and backpackers.
Cambridge Mobile Telematics (CMT) has been honored with Frost & Sullivan’s 2024 Market Leadership Award for its pioneering contributions to the telematics insurance and connected claims industry.
BuddyID, a global leader in microchipping and lost pet recovery for over 30 years, has announced a new partnership with Pets Best pet health insurance.
Ryan Specialty has announced a definitive agreement to acquire the property and casualty managing general underwriters (MGUs) of Ethos Specialty Insurance from Ascot Group.
Zurich Insurance Group and its corporate foundation, the Z Zurich Foundation, have launched the Zurich Climate Resilience Alliance (the Alliance) to assess current levels of resilience within vulnerable communities and implement appropriate solutions to climate hazards.
Ripe, the UK Digital MGA, has today confirmed the appointment of Alan Thomas, former UK CEO of Simply Business, to fuel the company’s next stage of growth.
Bikmo has announced a new partnership with Destination Sport Experiences, the parent company of Sportive Breaks and Marathon Tours & Travel.
Hexaware, an IT services and solutions provider, has announced a partnership with Earnix, a global leader in AI-based SaaS pricing and rating solutions for financial services.
Zyber Insurance, a US-based firm, has announced a partnership with Citalid, the leading European Cyber Risk Quantification (CRQ) platform.
Verisk, a leading global provider of data analytics and technology, reports that the average annual loss (AAL) from global natural catastrophes has reached $151 billion, with $119 billion from non-crop losses.
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of a 51% shareholding in Monarch Insurance by a consortium of three firms: Ondoba, Kenyoro, and Equico Thirteen.
Earnix, a leading global provider of intelligent decisioning SaaS solutions for financial services, has announced that Co-operators General Insurance Company, a major Canadian financial services co-operative, has successfully implemented the Earnix Enterprise Rating Engine.
Aon has strengthened its capital advisory services with the appointments of Mike Cane as Capital Advisory Leader for the UK and Yen Chu Choo as Capital Advisory Leader for Asia Pacific (APAC).
DUAL UK, the specialist underwriting arm of Howden Group, has announced its acquisition of International Passenger Protection (IPP) in both the UK and Malta, pending regulatory approval.
Turtlemint Group, operating under Fintech Blue Solutions, is broadening its revenue streams beyond its core insurtech platform. The company plans to pursue acquisitions significantly larger than its previous deals to drive the expansion.
Rising Edge Ltd has announced an agreement to acquire AMANIKI GmbH, a move that will enable the company to launch a suite of Transactional Liability insurance products.
New Zealand insurer Tower has announced a new partnership with HealthCarePlus, aimed at providing members of education and public services unions with access to a range of its insurance products, including house, contents, and motor insurance.
Experian has introduced a new feature in its Insurance Marketplace that aims to ease the burden by automating the search for better rates.
EventPipe, a leader in event housing management software, has unveiled Booking Protection in collaboration with embedded insurtech Protecht.
Inszone Insurance Services, which recently acquired Keith Williams Insurance Agency in Texas, has once again expanded its portfolio by acquiring A&B Insurance Agency in Marin County, California.
IAT Insurance Group, the Specialty P&C Insurance carrier, has selected CLARA Analytics’ product Claims DocIntel Pro as its newest AI platform to support its auto and general liability claims process.
Sapiens, the insurance software specialist, has launched Version 12.0 of its Sapiens CoreSuite for Property & Casualty (P&C) for the North American Insurance market.
Qover has teamed up with Numeral and HSBC Innovation Banking UK to enhance its claim payout experience through advanced embedded payment solutions.
Angela Hunter, a leading figure in the insurance and healthcare sectors, leverages her extensive experience as a CEO, Board Member and now as a Senior Adviser to drive transformative change across Asia Pacific. We caught up with her to find out more
Flowcode, a marketing technology platform, has entered into a partnership with REIN, an embedded insurance technology company, to simplify the process of purchasing insurance. The collaboration aims to enhance the ease with which customers can obtain quotes and secure coverage.
The UK Financial Watchdog has launched an investigation into whether insurance companies are taking advantage of “vulnerable” customers who take out policies designed to financially protect them and their families in case of serious illness or death.
EZLynx, a subsidiary of Applied, has been selected by Cold Creek Insurance Agency to provide its management system, along with the Tarmika commercial lines quoting tool, to establish a solid technological foundation for the agency’s growth.
InsurancePadosi, an Indian insurtech startup, has announced that it has successfully raised $500,000 in a pre-seed funding round led by the global early-stage VC Antler.
SageSure, the Managing General Underwriter, has announced a partnership with Markel that will see SageSure Expanded Markets distributing Markel’s insurance products.
Redline Underwriting has launched a new comprehensive property facultative reinsurance solution aimed at Commercial and Industrial Property risks across Mexico, Central and South America, and the Caribbean.
Root Insurance has announced it is partnering with Goosehead Insurance, a rapidly growing personal lines agency, aiming to redefine the agent experience.
Omio, a travel platform for booking trains, planes, buses and ferries, has announced the expansion of its product Omio Flex, which provides the ability to cancel journey tickets.
General Motors Insurance has officially expanded its car insurance offerings to Georgia, continuing its rapid growth across the United States.
A recent AM Best report has found that the shift towards International Financial Reporting Standards (IFRS) 17 marks a significant transformation in financial reporting, especially within the reinsurance market. This change has created the need for a new approach to performance analysis.
FWD Group Holdings Limited announced strong financial results for the first half of 2024, covering the six months ending on 30 June.
redalpine, the European Venture Capital firm, has today announced the successful closure of its largest-ever fund, “redalpine Capital VII (RAC VII),” at $200 million.
KOHO, the Canadian fintech, has expanded its financial product suite by offering a new tenant insurance policy to its members in partnership with Walnut Insurance.
A recent survey by Insurity, a leading provider of cloud-based software and analytics for the insurance industry, has revealed a notable shift in consumer priorities when choosing insurance providers, especially in the face of increasing severe weather events.
Bikmo, a leading cycling insurtech, has announced it is entering a three year partnership with the Association of Cycle Traders (ACT), the UK’s largest and most established cycle trade membership organisation.
PCF Insurance Services has announced the completion of the acquisition of 360 Insurance, a Nevada-based insurer.
Nexus Group, the Specialty MGA, has announced it is launching a new Alternative Risk Transfer (ART) business, which will be led by Christof Bentele, President of Nexus Specialty Casualty.
Carpe Data, a leading provider of predictive data for the insurance industry, has announced a partnership with EverPeak Insurance to create a new workers’ compensation solution developed by Pinnacol Assurance.
Ascot Group, the Bermuda-based global specialty insurer, has announced the launch of a unified capital management platform, Leadline Capital Partners, to support their expanded third-party capital business.
Guidewire, a leading developer of software solutions for the insurance industry, has announced the release of critical data and maps detailing wildfire risk in the United States, available at national, state, and local levels.
Accession Risk Management Group, the parent company of One80 Intermediaries and Risk Strategies has announced it has successfully raised $1 billion in financing to support its growth and continued expansion.
Tesla has reported its financial results for the second quarter of 2023, showcasing robust growth in its insurance operations across multiple states, despite ongoing challenges and recent controversies.
The Centre for Study of Insurance Operations (CSIO) has introduced an online cybersecurity learning programme aimed at bolstering the defences of Canadian businesses against the growing threat of cybercrime.
Aimii, an AI-specialist, has announced it is partnering with RiverStone International, a leading global acquirer and reinsurer of legacy and discontinued insurance business.
Chubb, a leading global insurance provider, has introduced a new home insurance product specifically tailored for high net worth clients in Switzerland.
Alliant Insurance Services has announced the launch of Alliant Commercial Surety, a new product targeting the commercial surety market.
Lincoln Financial Group has announced the launch of new grief support services for Group Life beneficiaries, providing care beyond the claims process.
Swiss Re reported a profit of $996 million during Q2 of 2024, resulting in a net income of $2.1 billion and a return on equity of 20.1% for the first half of 2024. Swiss Re’s financial performance was underpinned by strong contributions from all business units, and the company maintains its full-year targets.
Pool Re, the UK’s foremost terrorism reinsurer, has selected Aon Securities Limited and Howden Capital Markets and Advisory as its insurance-linked securities (ILS) advisors.
Clearcover, a next-generation insurtech creating market-leading insurance solutions, has announced it is partnering with ServiceUp, a tech company streamlining the automotive repair process.
Skyline Insurance has chosen EZLynx, an all-in-one agency management system from Applied Systems, to serve as the foundation for its business operations.
Verisk Specialty Business Solutions, a leading reinsurance software specialist, has announced the launch of a new offshore renewable energy module within its exposure management system, Sequel Impact.
Jetty, the financial services company focused on making home renting more affordable and accessible, has announced a new partnership with Socotra to enhance its insurance operations.
Developments in the healthtech space are driving transformation in the Life insurance industry, enabling it to implement better diagnostic outcomes for patients, according to leaders from GRAIL, MassMutual and Munich Re Life and Health.
APOLLO Insurance, the Canadian digital insurtech and pioneer in the emerging embedded finance sector, has announced a new partnership with Petsecure to offer pet insurance to its tens of thousands of customers.
A new report from AM Best has found a surge in catastrophe bond issuance and widening spreads in early 2024, underlining the growing demand for reinsurance capacity and demonstrating marked interest in parametric-triggered reinsurance and insurance-linked securities (ILS).
Berkley Select, a prominent provider of professional liability insurance, has introduced a new product, AttorneyShield, expanding its employment practices liability (EPL) offerings to cater specifically to the unique needs of law firms.
The Green Insurer has bolstered its panel of insurers by partnering with Ageas UK, as part of its strategy to sustain competitive pricing and drive sales growth.
Penguin Benefits was founded by Chengchen Li in 2020, following her own journey through the complex maze that is the parental benefits space.
Marsh, the insurance broker, risk advisor, and arm of Marsh McLennan, has launched an industry-first $50 million port blockage insurance product, covering shipping ports and terminals globally.
Synergy Cloud the independent claims management system provider has announced it is partnering with Claim Technology, the no-code claims automation and customer experience platform.
Skyward Specialty Insurance, a leading specialty P&C insurer, has announced it is partnering with Acceleration Aviation Underwriters to provide bespoke insurance solutions to the aviation industry.
YouSet, a rapidly growing Canadian Insurtech startup, has raised $3.5 million in an oversubscribed seed funding round to further its mission of simplifying and saving money on insurance for Canadians.
EIR, a leading B2B2X white-label insurtech based in Sweden and launched in 2019, has achieved two significant milestones: reaching profitability with a positive net result in June and expanding its operations into three new markets— the Netherlands, Finland, and Greece.
Aon has launched its Directors and Officers (D&O) Risk Analyzer, a cutting-edge digital tool designed to help risk managers of US-listed public companies make data-driven, technology-enabled decisions to mitigate executive risks.
Cytora has announced a strategic partnership with GeoSmart Information, an innovative environmental data specialist, aimed at helping insurers better manage flood risk.
Blink Parametric has launched a new app-based travel assistance bundle in collaboration with Gigasure, marking a significant step in simplifying access to real-time travel benefits.
Mount Etna, Europe’s tallest and most active volcano, has erupted, causing widespread disruption in Sicily. The eruption led to the temporary closure of Catania Airport, a key travel hub, after the volcano spewed ash and gasses high into the atmosphere, covering nearby towns in dark volcanic dust.
Archera has announced it has successfully completed a $17 million Series B Funding Round, paving the way for expansion into multi-cloud offerings, and securing access to over $100 million in reinsurance capacity.
Rokstone, the specialty (re)insurance MGA and Aventum subsidiary, has announced the appointment of Laurence Burrows as it enters the U.S. Excess Casualty division.
A new survey from the flood forecasting and water management data company, Previsico, has shown that 54% of public sector and private companies do not currently have a flood action plan in place to deal with the increased risk of flooding.
Arch Mortgage Insurance Company (Arch MI) has successfully obtained over $203 million in indemnity reinsurance via a transaction with Bellemeade Re 2024-1 Ltd, a special purpose reinsurer.
Igloo, the Singaporean headquartered insurtech, has announced that it is expanding its digital platform, Ignite, to the Philippines.
Allstate has announced its decision to sell its Employer Voluntary Benefits business to The Standard for $2 billion in cash. The move is part of Allstate’s broader strategy to streamline its operations and focus on core business areas
cyan AG, a cybersecurity provider, is partnering with Wefox Austria, a SaaS platform for insurance brokers, to launch a new offering that includes cyber protection and insurance.
Marsh has announced the launch of a new insurance product specifically tailored for the transportation and storage of carbon dioxide (CO2).
Prudential plc (Prudential) has announced a significant expansion of its strategic partnership with Google Cloud to develop innovative AI-powered products and applications aimed at enhancing experiences for customers, agents, and employees.
Simplifai has announced it is partnering with Stillwater Insurance to automate its claims process, aiming to enhance customer service and operational efficiency.
Lockton Re, the reinsurance arm of a privately-owned independent insurance broker, has announced it is partnering with global reinsurer Ariel Re.
QuickFacts, an insurtech startup dedicated to enhancing efficiency in the insurance industry, has announced the successful closure of an oversubscribed $2 million funding round.
Phyn, a leader in intelligent water solutions, has announced a partnership with Bamboo, a P&C insurer focused on simplicity, transparency, and savings, to protect homes from water-related losses.
NOW Insurance has earned the 559th position on the 2024 Inc. 5000, the annual list of America’s fastest-growing private companies.
Sapiens International has today announced that it has been selected by the US niche insurer, Society Insurance, to streamline its financial reporting, boost efficiencies, and reduce claims leakage.
Tally, the insurer which was founded with the mission to alleviate the burden of credit card debt, has officially shut down.
Tesla is now providing state-specific discounts for policyholders in the 12 states where Tesla Insurance is available. The discounts are designed to reduce insurance costs by leveraging safety features, multi-car policies, and defensive driving courses.
HUB International, the global insurance brokerage and financial services firm, has announced it has completed the acquisition of Clark 401K. The terms of the deal were not disclosed.
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