We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
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.
Mountain View, Calif. (January 22, 2025) — Flow Specialty, the wholesale 3.0 specialty commercial brokerage, is announcing the industry’s first AI insurance broker.
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.
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.
