We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
Coalition, the world’s first Active Insurance provider focused on preventing digital risks before they occur, has released its 2024 Cyber Claims Report.
As the 2024 election season unfolds, 65% of North American business leaders are concerned that political risks may negatively affect their ability to trade internationally.
Allstate Insurance may soon start offering new homeowners policies in California again, provided the state Department of Insurance allows the use of catastrophic modeling when requesting rate increases.
MAPFRE RE, the reinsurance division of the Madrid-based insurer MAPFRE, saw its net income rise nearly 70% to €216 Million – and also reported a 7% increase in premiums during the first quarter of 2024, amounting to nearly $2.4 billion.
PCF Insurance Services, a top 20 U.S. insurance brokerage, has secured US$400 million in additional debt financing.
Hiscox Re & ILS and Ariel Re have launched CyberShock, a new cyber catastrophe consortium aimed at enhancing certainty of coverage within the cyber insurance industry.
ICEYE, a leading provider of satellite-powered disaster management solutions, has entered into a multi-year collaboration with Juniper Re, a reinsurance broking arm and subsidiary of BRP Group, Inc.
Marsh McLennan Agency, a subsidiary of Marsh, has announced its intent to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) from Trustmark National Bank in a significant all-cash transaction valued at $345 million.
Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched Prime Tech with Cowbell Co-Pilot, a generative AI solution designed to streamline underwriting within its Prime Tech offering.
Flow Specialty, previously known as Capitola Insurance, has announced its official rebrand. Supported by Munich Re Ventures and Lightspeed Venture Partners, Flow Specialty is poised to elevate the specialty wholesale insurance market with its innovative approach.
Global insurer Chubb reported a net income rise of 13.3% to $2.14 billion in the first quarter of 2024, boosted by strong performances in its property and casualty (P&C) and life insurance sectors.
UK Insurtech firm PeppercornAI has successfully raised US$4 million in funding, with investments coming from Wealth Club, EHE, and Angels Invest Wales.
Liberty Mutual Reinsurance, a division of Liberty Mutual Insurance Group, has formed an exclusive partnership with Safehub, a technology provider specialising in seismic sensor and risk management solutions.
Faura, a startup focused on building resilience in the property insurance sector, has raised $500,000 in its first round of funding.
Rainwalk Technology, a leading white-label pet insurance technology provider, has announced the successful completion of a $4 million Seed funding round.
Akur8, a leading insurance pricing solution powered by transparent machine learning, has announced a partnership with Tokio Marine HCC.
Estaly, a French insurance startup, has secured US$3.8 in seed funding from OneRagtime, CDG Invest, and approximately 20 angel investors.
Allianz’s personal lines business has experienced a 29% increase in fraud prevention in 2023 compared to the previous year.
Arthur J. Gallagher & Co., has announced its acquisition of Australia’s Prasidium Credit Insurance. Details of the transaction have not been disclosed.
AI insurance ventures experienced an 18% year-on-year increase in funding in 2023, raising nearly $2 billion through private equity and venture financing, according to GlobalData’s Technology Foresights model.
Analysts at S&P Global Ratings have raised concerns about the local insurance sector’s ability to manage a surge in motor and property damage claims following unprecedented rainfall and flooding in the United Arab Emirates (UAE).
Honey Insurance has announced a new six-year partnership with Bank Australia, allowing the bank’s customers to access a range of digital insurance options.
London-based startup Unwritten, previously known as Dovetail Finance, has completed a seed funding round, raising $3.5 million.
Swiss Re has introduced an enhanced version of its market-leading Life & Health underwriting manual, Life Guide. The updated version features Swiss Re Life Guide Scout, an underwriting assistant powered by Generative AI.
Chubb has announced a definitive agreement to acquire Healthy Paws, a U.S.-based managing general agent (MGA) specialising in pet insurance, from Aon plc (NYSE: AON), a global professional services firm.
Tesla is recalling 3,878 Cybertrucks to address a faulty accelerator pedal pad that could come loose and become trapped in the interior trim.
In a recent industry move, Marsh has appointed Megan McClellan as Southeast Zone Leader, effective immediately. Based in Washington, D.C., McClellan will report to Pat Donnelly, President of U.S. and Canada at Marsh.
Thousands more Californians are set to lose their home insurance this summer as two insurers, Tokio Marine and Trans Pacific Insurance, exit the state.
Rainbow, a provider of insurance solutions for restaurants, has formed a partnership with First Connect, a platform offering independent agents access to carriers and managing general agents (MGAs).
Jensten, a leading UK-based broker and underwriting group, has secured US$211 million in new borrowing facilities, and has announced it is pledging $1.2 million towards launching new brokers.
Generali Group has unveiled a new organisational structure, effective June 1, 2024, that aligns with the group’s strategic plan “LifeTime Partner 24: Driving Growth.”
Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, announced its latest cloud-based claims solution.
Embedded insurance startup Mulberri has formed a partnership with global cybersecurity firm Acronis to provide cyber insurance to small and medium-sized businesses across the United States.
PwC has achieved the Guidewire Migration Acceleration Specialisation, aimed at facilitating insurers’ transition to Guidewire Cloud with enhanced efficiency and cost-effectiveness.
Kota, a comprehensive platform specialising in automating insurance and retirement benefits for modern teams, has announced a strategic collaboration with Vitality, a leading health insurer.
Omaha National, a leading provider of workers’ compensation insurance, has successfully acquired Sutter Insurance Company.
McKenzie Intelligence Services (MIS), a prominent global provider of intelligence-driven solutions for catastrophic event response, is set to broaden its presence in the United States (US) with support from the UK|CT Insurtech Corridor.
Kanguro Insurance, renowned for its pioneering AI-driven pet health insurance offerings, is venturing into the renters insurance sector.
Aspen Insurance and Pimco Investment Management have joined forces to create Pando Re, a (re)insurer based in Bermuda.
Leading primary insurance group Travelers has released its financial results for the first quarter of 2024, showcasing robust growth in net income despite heightened catastrophe losses compared to the same period last year.
ICEYE, a global leader in satellite-powered disaster management solutions, has finalised a definitive agreement for an oversubscribed US$93 million growth funding round, with Solidium Oy at the forefront.
Howden has launched a new cargo war risk facility tailored to protect vessels navigating the Red Sea against potential drone and missile attacks by Yemeni militia groups.
Lemonade, a prominent insurance provider, has finalised a carrier appointment with Banner Life, a subsidiary of Legal & General.
Cytora, a prominent digital risk processing platform, has announced a strategic partnership with cybersecurity firm DynaRisk aimed at bolstering insurers’ capabilities in understanding and mitigating cyber risks.
In a pioneering move aimed at supporting families facing the challenges of childhood disability, Juno, a public benefit corporation, has unveiled the first-ever child disability insurance program in the United States.
Amazon has officially closed its Amazon Insurance Store initiative. The platform, which was introduced in October 2022 to facilitate the purchase of home insurance in the UK, has ceased operations, according to a message displayed on the site.
Cyber insurtech Coalition has revealed new integrations between its cyber risk management platform, Coalition Control, and leading cloud services providers Microsoft 365, Google Workspace®, and Amazon Web Services.
Beat Capital Partners has announced plans to introduce a new specialty credit non-payment insurance underwriter, Convergence, with a strong technological foundation.
WTW (Willis Towers Watson) has announced the appointment of Neil Harrison, formerly Aon’s global chief claims officer, as its new global head of claims.
FloodFlash is launching a new product aimed at bolstering business interruption (BI) coverage in the United States ahead of the 2024 Atlantic hurricane season.
Resideo Technologies, Inc. has announced that it has entered into a definitive agreement to acquire Snap One Holdings Corp.
Electric Bike Company, a prominent figure in the micro-mobility sector, has joined forces with Oyster, an embedded insurance platform for commerce, in a bid to enhance the insurance experience for riders.
Allianz Partners Australia has taken a significant stride in elevating customer service standards by unveiling a new online chat feature tailored for customers of its travel insurance partner, HCF.
Health insurance claim assistance platform ClaimBuddy has successfully concluded its Series A funding round, securing a significant US$5 million investment.
Pula, a Kenyan-based insurtech firm, has successfully raised US$20 million in Series B funding to bolster its efforts in providing agricultural insurance to farmers in Africa, Asia, and Latin America.
At Swiss Re’s Annual General Meeting (AGM) held today, shareholders gave their stamp of approval to all motions proposed by the Board of Directors. Key decisions included:
2024 has seen a raft of impressive investment rounds hitting the headlines. Are we in full-blown investment recovery? Or is this a slowdown rebound? Insurtech Insights rounds up the top funding events.
In a bid to bolster fire defense strategies for its agriculture clientele, Nationwide has announced a strategic partnership with EnforcerOne.
Hudson Structured Capital Management Ltd. (HSCM), a leader in reinsurance, insurtech, insurance-linked securities (ILS), and transportation investments, has successfully raised more than $175 million for the launch of its new life insurance-focused continuation fund, HS Mohawk Fund I LP.
McKinsey and Google Cloud have joined forces to unleash the potential of generative artificial intelligence (gen AI), projecting a staggering $4 trillion in prospective business value.
Lloyds, the world’s leading marketplace for insurance and reinsurance, has today announced that Dawn Miller has been appointed as Chief Commercial Officer of Lloyd’s and CEO of Lloyd’s Americas, based in New York, with effect from 1 September 2024.
Juniper, a pioneering reproductive health insurance provider, has partnered with Optalitix, a leading data analytics solutions provider, to unveil its innovative offerings to the market.
Aon has announced a new strategic partnership with cybersecurity leader ReliaQuest, to enhance online safety and improve cyber risk assessment.
Sayata, a leading provider of innovative insurance solutions tailored for small and medium-sized businesses (SMBs), has launched the Sayata Risk Engine.
The Achmea Innovation Fund has announced its investment in Laka, a pioneering European micromobility insurer, as part of its strategic move towards fostering smart and sustainable mobility solutions.
The Insurance Development Forum has launched a new with BlackRock to drive investment in resilient infrastructure with the aim to strengthen vulnerable communities against climate risks and natural disasters
Brazilian insurtech startup Akad has successfully raised US$22.5 million in Series A funding, with Valor Capital Group and Across Capital serving as co-leads in the investment round.
MetLife Pet Insurance has announced a collaborative effort with the Association of Animal Welfare Advancement (AAWA) aimed at supporting pet owners in their journey of caring for their beloved animals.
Novidea, the pioneer of cloud-based, data-driven enterprise insurance management platforms, has raised an additional US$30 million from HarbourVest Partners.
Lemonade, the digital insurance company powered by AI and social impact, today announced the launch of Homeowners insurance in France in partnership with BNP Paribas Cardif.
In a significant move towards enhancing risk assessment in marine insurance, Cytora, a prominent digital risk processing platform, has joined forces with TradeAtlas, a global trade data company.
Munich Re Automation Solutions and American Family Life Insurance Company have announced a strategic partnership, with American Family Life Insurance Company adopting ALLFINANZ NOVA, Munich Re’s cloud-based automated underwriting and analytics solution.
kWh Analytics, Inc., a leading provider of climate insurance solutions, has announced a significant expansion of its capacity agreement with Aspen Insurance (“Aspen”) to bolster its property insurance offerings for renewable energy projects.
Verisk, a prominent global data analytics and technology provider, has introduced a groundbreaking advancement in global catastrophe modeling and risk analysis with the debut of Verisk’s Next Generation Models (NGM).
Zurich Insurance Group AG has announced significant changes to its underwriting policies, revealing it will no longer support new oil and gas ventures and will tighten scrutiny on clients looking to expand into metallurgical coal mining.
Australian insurtech startup Honey Insurance, has raised US$108 million in its Series A funding round, attracting significant interest from investors in the United States.
Lemonade, the digital insurance company known for its innovative approach to insurance, has entered into a fronting arrangement with Home State Insurance Group.
Arch Insurance North America, a division of Arch Capital Group, is set to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment insurance businesses.
AXA, a global leader in insurance and asset management, has partnered with AWS (Amazon Web Services), a subsidiary of Amazon.com, Inc. to develop the AXA Digital Commercial Platform (DCP) and associated software services.
Canadian insurance sector, Summit, a burgeoning insurance brokerage, has successfully raised US$3.5 million in Seed funding.
Leading provider of physical climate risk data, First Street, has joined forces with Optalitix, a specialist in data analytics solutions, to integrate its unique US datasets into insurance underwriting processes.
Generali Investments Holding S.p.A. (GIH), a key player in the investment sector and a subsidiary of Generali Group, has announced the acquisition of Conning Holdings Limited (Conning), a prominent global asset manager.
Howden Tiger, the global reinsurance division of Howden, is set to undergo a rebranding, changing its name to Howden Re, effective April 8, 2024.
Howden has solidified its foothold in France through the acquisition of OFRACAR, a leading brokerage group headquartered in Rouen.
Aviva has rolled out Aviva MyDrive, a new telematics feature within its main app, designed to promote safer driving habits and offer potential discounts on car insurance premiums.
In a landmark move toward digital transformation, Seguros Banorte, a leading insurance provider in Mexico, has successfully implemented Equisoft’s cutting-edge policy administration system (PAS).
CrashBay, the pioneering digital marketplace for collision repair solutions, has announced the successful closure of a $1.25 million funding round. Spearheaded by venture capital firm Markd, this funding round also saw participation from key figures in the collision and insurance industries.
As Global Leader for the Life Insurance, Annuities and Benefits sector for Capgemini, Samantha Chow has a unique view of the industry. Insurtech Insights finds out more.
Swiss Re has revealed a significant leadership transition. In a statement released today, the Board of Directors has appointed Andreas Berger as the new Group Chief Executive Officer, effective from July 1, 2024.
Karim Derrick of Kennedys IQ explores the risks and rewards as the sector looks to an AI future.
Voya Financial, Inc. has announced a partnership with Empathy, an all-encompassing, on-demand concierge support system designed to assist grieving families in navigating the myriad of challenges following the loss of a loved one.
M2 Recovery has launched a groundbreaking insurance policy, marking the world’s first initiative to cover legal expenses associated with reclaiming stolen cryptocurrencies.
London-based Managing General Agent (MGA) Devonshire has formally announced its market debut, focusing on underwriting transactional risk solutions.
Cyber insurtech Coalition has revealed that its full-stack carrier, Coalition Insurance Company (CIC), is now providing quotes for its admitted cyber product across the entire United States.
Guidewire has announced that Ernst & Young LLP (EY), a prominent member of Guidewire PartnerConnect Consulting and a Global Premier partner, has successfully obtained the prestigious global Migration Acceleration Specialisation.
Leveraging new intelligence is game-changing and predictive analytics can help provide a path to profitability in the increasingly complicated world of insurance, says Scott Ham.
AXA UK has announced the launch of its employee benefits programme ‘We Care’ as part of a larger global effort by AXA Group to provide comprehensive health and wellness assistance tailored to employees at various stages of life and during significant life events.
Aon, a leading global professional services firm, has released its 2024 Climate and Catastrophe Report, providing crucial insights into the impact of natural disasters and climate trends worldwide and specifically within the Asia Pacific region.
Security and risk management startup SydeLabs announced their seed funding round of $2.5m to build solutions aimed at securing GenAI systems for enterprises.
Dina Försäkringar, a leading insurance provider, has announced a strategic partnership with Safestate and CyberScout, two prominent names in the cyber insurance industry.
Genasys, the leading provider of insurance administration software, today announced Genasys Unify, a major update to the core Genasys platform.
Oka, a leading provider of carbon credit insurance, announced the successful completion of a $10 million funding round.
In response to the recent collapse of the Baltimore bridge, Leaders from Lloyd’s, the renowned insurance and reinsurance marketplace, expressed optimism about the industry’s ability to demonstrate the value of insurance.
Qoala, a prominent Indonesian insurance startup, has successfully closed a funding round, raising an impressive US$47 million.
Leading insurance provider Chubb has unveiled its latest innovation with the launch of a specialised HealthTech industry practice in the United Kingdom.
Lloyd’s has unveiled its Full Year 2023 financial results, showcasing robust profitability across underwriting and investment activities, and a formidable financial position.
Chubb Personal Risk Services has introduced a cutting-edge self-service flood insurance system, aiming to streamline operations for agents and enhance customer experience within its personal lines business.
In a move reflecting the evolving landscape of digital finance, Marsh has unveiled a groundbreaking insurance facility tailored specifically for custodians of digital assets, including financial institutions.
German insurtech startup ELEMENT has secured €50 million in funding from Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R. and Alma Mundi.
Sebastien Gaudin is the passionate leader, Co-founder & CEO of The CareVoice, a groundbreaking digital health platform that has just completed its Series B funding round – raising an impressive US$10 million in the process.
Specialty insurer HSB has announced the launch of Cyber for Auto, an innovative coverage aimed at safeguarding personal data stored within connected vehicles against cyber attacks.
Sertis, a Managing General Agent (MGA) specialising in property owner coverage, has successfully secured $3.2 million in a recent funding round.
In a significant milestone for the home insurance industry, Hippo’s First Connect Insurance Services has achieved a remarkable feat by reaching the 100-carrier milestone.
Cytora, a leading digital risk processing platform, has joined forces with Chimnie, the UK’s premier property data bureau, in a strategic partnership aimed at revolutionizing property insurance decision-making.
Qover, a leading insurtech specialising in embedded insurance orchestration, has unveiled its collaboration with UK-based credit card fintech, Yonder, to deliver a seamless and comprehensive travel insurance solution to its members.
Yotta Automated Software Solutions Inc. (YASSI), a company renowned as the premier platform for real-time vehicle lienholder, registration, and title data, has announced its participation in Guidewire’s Insurtech Vanguards programme.
Coalition has unveiled a new addition to its US Surplus and Canada Cyber Insurance policies: the Affirmative Artificial Intelligence (AI) Endorsement.
EIS has introduced ClaimSmart, a cutting-edge cloud solution poised to transform the claims management landscape.
NFP has acquired Get Medical Plans Limited, an expert intermediary specialising in health insurance solutions in a move that aims to strengthen NFP’s foothold in the private medical insurance market.
Verisk has partnered with Seek Now to transform the claims assessment procedure within the property insurance domain.
Marsh has launched a new cyber solution via the establishment of Edgware Re, a group captive insurance company.
As the Group CIO for the UK’s Direct Line Group, Ash Jokhoo is relishing the transformational challenge the role brings. Insurtech Insights finds out more.
Insurtech Insights Europe has experienced its busiest year yet, with more than 6,000 insurance industry delegates pouring through the doors for the fifth edition of the annual conference.
Global insurance leader MAPFRE proposes four scenarios and the role that the insurance industry will play in them
Buddy, a pioneering insurtech leading the future of embedded insurance, today announced that they have become a Stripe platform partner in order to introduce novel e-commerce capabilities for the insurance sector.
In a bid to transform the inconvenience of airport delays into comfortable waits, Zurich Insurance has partnered with Klook, a prominent player in the travel and leisure e-commerce sector, to introduce a groundbreaking service called FlyEasy.
The global cyber insurance market is poised for another year of growth in 2024, but experts warn of increased risks lurking beneath the surface, reports the latest Insurance Risk Monitor by OAC, a leading actuarial consultancy.
The CareVoice (the “Company”), a leading global embedded health enabler for insurers, has announced the successful completion of its Series B funding, raising a total of nearly US$10 million, in a round led by Apis Insurtech Fund I (the “Fund”).
mTek, a leading online insurance platform based in Kenya, has raised US$1.25 million (KSh 167.8 million) in funding to boost its expansion efforts within the Kenyan and East African insurance markets.
Novidea, a leading provider of cloud-based enterprise insurance management solutions, has announced its newest product release, showcasing significant enhancements tailored to meet the evolving needs of its diverse customer base worldwide.
Howden Group and SAFE Security have unveiled a strategic partnership aimed at enhancing cyber risk management for Howden customers.
The integration of Equisoft/illustrate, a powerful insurance illustration software, streamlines sales processes and accelerates Family Guardian’s digital transformation.
AnchorWatch, a leading provider of regulated insurance and institutional-grade custody services for Bitcoin, has announced a strategic partnership with Insly to streamline its insurance software requirements.
In the dynamic landscape of the European insurance market, Managing General Agents (MGAs) are emerging as pivotal players, reshaping the distribution of Property and Casualty (P&C) insurance.
WTW has announced that the U.S. Agency for International Development (USAID) will provide it with funding to pioneer a groundbreaking climate-resilient insurance solution.
Insurtech UK, the leading representative body for the British insurtech sector, has announced a significant collaboration with J.P. Morgan Payments, designating the esteemed financial institution as its inaugural Principal Banking partner.
Insurtech Coterie, which specialises in services for small businesses, has successfully secured a substantial US$27 million in funding during a post-Series B round.
In a move aimed at enhancing its cyber risk assessment capabilities, Cyberwrite, a leading cyber risk assessment company, has unveiled a strategic partnership with Howden, a prominent global insurance intermediary group.
Chubb, a leading insurance provider, has announced the launch of a comprehensive global transactional risk platform aimed at offering liability insurance products for transactions on an international scale.
State Farm has revealed that Jon Farney, currently serving as the President of State Farm, will be the next Chief Executive Officer (CEO), effective June 1. Farney succeeds Michael Tipsord, who has been at the helm since 2015.
In this provocative thought leadership article, James Doe, UK Sales Manager, for Novidea explores Tesla’s handling of insurance – and what the industry can gain from the example.
Marble, the digital wallet for insurance, has expanded its offerings with the launch of a commercial insurance marketplace tailored for small and medium-sized enterprises (SMEs).
Hannover Re US, has announced a strategic collaboration with GalenusRx, Inc. The partnership aims to deliver advanced technology and services to Hannover Re’s healthcare clients, facilitated through their network of brokers and consultants.
In a strategic move aimed at enhancing the car insurance landscape, VIU by HUB has joined forces with Mile Auto, a pioneering pay-per-mile car insurance startup.
Quantee has forged a strategic alliance with Sapiens International Corporation with the aim to equip insurers with comprehensive end-to-end pricing capabilities, leveraging state-of-the-art technology.
Virtuoso is a leader in software testing for the insurance industry – a service currently in huge demand. We caught up with their CEO, Derren Nisbet, to find out more
Kin, a leading digital home insurance provider, has expanded its operations into Texas, aiming to address the growing insurance crisis in the Gulf Coast region.
In a strategic move, Dai-ichi Life Holdings, a prominent Japanese insurance company, has announced its acquisition of a minority stake in Canyon Partners, a leading alternative investment manager based in the United States.
AXA Commercial has taken a proactive step to assist brokers in navigating the intricacies of the schemes market when placing niche risks by introducing a user-friendly online directory.
Cytora, the digital risk processing platform, has forged a strategic partnership with Techsalerator, a renowned consumer and business data provider.
bolttech has forged a strategic partnership with Back Market, a prominent marketplace for refurbished electronic devices in Japan.
AXA Climate has announced a new partnership with Reask, a leading provider of climate risk modeling solutions.
ARMD, a prominent insurance Managing General Agent (MGA) championing the £6.5 billion underserved tradespeople market in the UK, has made a significant addition to its leadership team.
Empathy, a pioneering company revolutionising the approach to grief and loss, announced the successful closure of a US$47 million Series B funding round, spearheaded by Index Ventures, alongside notable contributions from General Catalyst, Entrée Capital, Latitude, and Brewer Lane.
EIP’s dynamic CEO and Founder, Ross Sinclair tells us what it was like, to launch an insurtech, before insurtech was a ‘thing’
Sostengo, a leading insurtech based in El Salvador, has successfully closed a financing round amounting to $3.8 million, aimed at fueling its user growth across Latin America.
In a move to bolster its digital capabilities, property and casualty insurer Encova Insurance has announced its partnership with Guidewire.
Brit Ltd has launched a groundbreaking initiative in the cyber insurance realm with the launch of Brit Cyber First50, a Lloyd’s Consortium with a staggering US$50 million investment.
In our latest instalment for our series on women driving change in the insurance industry, we spoke to Cristina Ferrari, CUO of VIG Re, about career choices, leading successful teams and overcoming industry challenges.
Generali has announced record-breaking growth in its 2023 financial performance, setting new benchmarks in gross written premiums (GWP) and dividends per share growth.
Aon plc has launched Partner Risk Insights, a new digital platform designed to facilitate the management of insurance-related third-party risks for US organisations.
Sure, a leading insurance technology company specialising in digital insurance solutions, has released findings from its 2024 State of Digital Insurance Report, shedding light on widespread discontent among insurance industry decision-makers regarding legacy rate service organisations (RSOs).
Tensorflight, a pioneering property intelligence platform, has announced a collaborative effort with NEXT Insurance, a leading technology-driven small business insurer, aimed at automating commercial property inspections.
Vouch, a leading provider of business insurance services tailored for high-growth companies, has announced the successful closure of a $25 million Series C-1 funding round, with Ribbit Capital leading the investment.
Physicist and former rocket scientist, Dr Christian Westermann, is taking Zurich’s AI transformation stratospheric. Insurtech Insights finds out more.
bolttech has announced a new strategic partnership with stc Group, a prominent entity in telecommunications and digital innovation across the Middle East region.
Lloyd’s, the renowned marketplace for insurance and reinsurance, has released a groundbreaking report today shedding light on the transformative influence of Generative Artificial Intelligence (GenAI) on the cyber threat landscape.
In this latest Thought Leadership article, Rory Yates, Chief Strategy Officer at EIS, examines the Gap insurance quandary and explores how the FCA is attempting to level the playing field for customers.
Cyber insurtech leader Coalition has announced a new, multi-year capacity agreement with Aspen Specialty Insurance Company (Aspen).
Inigo Insurance has forged a strategic partnership with Samsara to unveil a pioneering insurance product tailored for large vehicle fleets in the United States.
In a groundbreaking collaboration, insurer Aviva and autonomous vehicle operator Darwin Innovation Group unveiled the Darwin Autonomous Shuttle in late 2021, marking the UK’s longest-running self-driving passenger service.
The U.S. Federal Emergency Management Agency (FEMA) has solidified its commitment to bolstering the National Flood Insurance Programme (NFIP) by obtaining $575 million in reinsurance coverage through insurance-linked securities (ILS) reinsurance.
Michael Price and Kean Driscoll, former executives at AIG, have unveiled the establishment of Dellwood Insurance Group, marking the emergence of a new nationwide excess and surplus lines insurance holding company.
IDfy, a trailblazer in the realm of identity verification, has secured a substantial financial injection of $27 million in a recent funding round, signifying a pivotal moment for the company’s trajectory.
Aon has announced its acquisition of Humn.ai’s technology assets and intellectual property, aimed at bolstering its commercial fleet proposition.
Smartpay, one of Asia’s leading fintech companies, has entered into a strategic partnership with Chubb, a global insurance powerhouse operating in 54 countries and territories.
Fijoya, a specialised platform catering to health and wellness services tailored for employers, has successfully raised $8.3 million in a recent seed funding round.
Agio Ratings, a London-based startup specializing in crypto risk analytics, has announced a successful fundraising round totaling $4.6 million.
Sweet Security, an Israeli startup specialising in addressing cloud risks for companies, has successfully raised US$33 million in a Series A funding round.
A recent report on consumer insights and trends within the insurance sector has provided valuable insights into the payment preferences and experiences of policyholders.
Insurtech Insights will welcome Celent, the leading research and advisory firm focused on technology for financial institutions globally, as its official Knowledge Partner.
Swedbank, a prominent financial institution, has announced its partnership with Akur8, the insurance pricing solution insurtech, driven by Transparent AI.
Lloyd’s has unveiled its preliminary financial performance for the Full Year 2023 (FY23). The comprehensive results are scheduled for release on 28 March 2024, alongside projections for Lloyd’s Full Year 2024 results.
With a degree in history and two decades in finance, Pravina Ladva proves that alternative experiences can be a winning formula in the insurance industry.
Dirk Huibers, CEO and cofounder of Spotr, an AI-powered property data platform from The Netherlands tackles six key questions on the issues facing commercial property owners and their insurance providers – and how AI can solve them
Resilience, a prominent cyber risk management firm headquartered in San Francisco, CA, made a significant announcement today regarding its latest initiative aimed at US organisations generating revenues ranging from US$300 million to $10 billion.
Julian Teicke, co-founder and CEO of wefox, has made the decision to transition to the President role on the insurtech’s board of directors.
SCOR has disclosed a record net income of €812 million for the fiscal year 2023, signaling a notable upturn from the losses incurred in 2022.
Bluecyber.insure, a prominent player in the Insurtech sector specialising in cyber insurance within Brazil, has successfully secured a substantial financial boost, raising US$1.5 million in investment.
Osara Health, a leading provider of evidence-based behavior change interventions for cancer patients, has announced a strategic partnership with Allstate Benefits.
Chubb, a global leader in insurance and reinsurance, has announced the promotion of Mark McCausland to the newly established position of Global Transformation Officer.
Zurich North America has announced a strategic partnership with two prominent companies in the healthcare sector: Hooray Health, recognised for its provision of accident and sickness coverage, and GigSmart, a platform facilitating connections between businesses and on-demand workers.
Healthee, a healthcare navigation startup formerly known as Insurights, has successfully raised $32 million in its latest Series A funding round.
Krishna Moorthy is a Senior Lecturer, Consultant Surgeon and now, the Director and Founder of Alvie Health – an insurtech with a difference.
Sapiens International Corporation has announced its strategic expansion in the Canadian market.
The Hartford has announced a significant restructuring initiative, combining its operations and technology sectors under the leadership of Deepa Soni, the current chief information officer and head of Technology, Data, Analytics & Cyber.
Tesla Insurance concluded the fiscal year of 2023 by amassing nearly $500 million in written premiums, signifying an impressive 115% year-over-year increase in premiums.
Aviva plc has officially acquired Probitas for a total consideration of £242 million. The acquisition encompasses Probitas’s fully-integrated Lloyd’s platform, which includes its Corporate Member, Managing Agent, international distribution entities, and tenancy rights to Syndicate 1492.
The past month has seen some incredible funding results in the insurtech space. Insurtech Insights finds out who is catching investment interest – what their building, and why
Direct Line Group has appointed Adam Winslow as its new Chief Executive Officer, effective immediately.
Marsh McLennan, a leading global insurance and reinsurance broking group, has announced the appointment of David Liston as the Chief Commercial Officer (CCO) for the United States and Canada, effective immediately.
Insurtech firm Cytora has revealed its engagement with Chubb, a global insurance leader, aimed at automating claims document processing.
Leaping from the cushioned safety of a corporate giant into the heady world of startups, Qover Founder and CEO, Quentin Colman tells Insurtech Insights what it’s like to win at entrepreneurship and the WEF
Global reinsurer Echo Reinsurance Limited (Echo Re) has announced that it has implemented ACORD Solutions Group’s ADEPT to automate digital data exchange with Guy Carpenter, a global risk and reinsurance specialist.
London-based insurance intermediary group, Howden, has announced its acquisition of Intersure Group Ltd., operating as Intersure Group, in a move aimed at bolstering its service capabilities in the Irish insurance market and expanding its reach across the country.
Bolt has partnered with WorldTrips, a respected travel insurance provider, to introduce a pioneering program designed to protect travellers’ electronic devices.
Greek insurtech takes proactive stance against climate change, targets central and southern European markets
B2B Insurtech Coverdash has announced the successful closure of a significant US$13.5 million Series A funding round.
Intenseye, a leading provider of workplace safety solutions, has successfully closed a Series B funding round totaling $64 million.
Yurtle, a London-based insurtech focused on alleviating caregiver burnout in workplaces, has successfully concluded a Seed funding round amounting to £1.37 million.
Brazillian insurtech Loovi has successfully secured US$9 million in funding from prominent investors Marçal Holding and Oliveira Participações.
Digisure, a startup renowned for its Protection-as-a-Service platform since its establishment in 2018, has officially ceased operations as of last Friday.
AXA XL’s US Mid-Market insurance division has unveiled XL Plus, an extended general liability coverage tailored for mid-size businesses.
Hearing health startup Tuned has successfully closed a $3.2 million seed extension round, with Unum Group leading the investment and Distributed Ventures also participating.
Blu Clarity and Irys Insurtech have announced their new partnership aimed at leveraging technology to streamline operations and promote sustainability within the insurance sector.
Blink Parametric has partnered with cyber risk specialist Buckler México to support the rollout of its Blink Cyber solution to Ethics Data Analytics – a leader in risk management solutions in the region.
Lockton has announced the return of Executive Chairman Ron Lockton to the role of Chief Executive Officer (CEO), succeeding Peter Clune, as per recent disclosures.
Symetra has announced its new partnership with Nayya to introduce Nayya Claims for group supplemental health employer customers and their employees
Markel Group has announced that Mike Heaton will assume the role of Executive Vice President and Chief Operating Officer, effective immediately.
BMS Group, an independent specialist insurance and reinsurance broker, has announced its partnership with Artificial Labs, experts in algorithmic underwriting.
Warren Buffett’s Berkshire Hathaway has unveiled its second consecutive annual operating profit, marking a new milestone fuelled by the strength of its insurance business and investment portfolio amidst a backdrop of rising interest rates.
FWD Group Holdings Limited (“FWD Group” or “FWD”) has announced a four-year extension of its partnership with Microsoft.
A recent report by Chubb sheds light on the uneven trust dynamics within e-commerce platforms, underscoring the potential for insurance to bolster consumer confidence in online transactions.
HUB International has introduced Hub Builder’s Risk Insurance Solutions, a comprehensive insurance and risk management offering tailored for project owners, general contractors, and developers involved in both frame and non-frame projects.
AXA XL, the premier property and casualty (P&C) insurance and specialty risk division of the global insurer AXA, has announced the appointment of Simon Price as the new Head of M&A & Title – UK & Lloyd’s.
A new report from Embedded Finance & Super App Strategies and InsureMO describes the commercial potential for Embedded Insurance in Europe.
Janthana Kaenprakhamroy, founder of Tapoly, Europe’s pioneering on-demand insurance platform for the gig economy, has broken through her fair share of glass ceilings.
Optalitix has introduced significant enhancements to its flagship products, Optalitix Models and Optalitix Quote.
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced its plans to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies, in a strategic move aimed at bolstering its regional presence.
Equisoft, a prominent provider of digital business solutions catering to the insurance and wealth sectors, has been recognised for securing the highest number of Policy Administration System (PAS) implementations in Latin America.
Beazley has launched its latest initiative to fortify its cybersecurity services by merging its in-house Cyber Services team with Lodestone, its wholly owned cybersecurity firm.
Resilience expanded its capabilities through the acquisition of BreachQuest, an innovative incident response technology solution.
wefox has announced the appointment of Dominik Ulrich as its Chief Risk Officer (CRO), effective immediately.
UK Insurtech blip, an innovative insurtech startup in the UK dedicated to providing affordable business insurance for small enterprises alongside a groundbreaking profit-sharing framework, has announced its launch.
Fixle, a technology startup specialising in simplifying home maintenance and management, has officially launched after incubation within American Family Insurance, the company has announced.
AXA – Global Healthcare has launched the phased rollout of a revolutionary healthcare payment card. This innovative initiative aims to simplify the claims process for corporate clients and their employees.
Coalition’s Cyber Threat Index 2024 report projects a significant uptick of 25% in the total count of common vulnerabilities and exposures (CVEs) for the months ahead.
Open Lending Corporation has partnered with cutting-edge insurance pricing solution provider, Akur8.
Juniper, a UK-based startup, has raised £1.5 million in pre-seed funding and emerged from stealth mode with ambitious plans to introduce reproductive health insurance as a workplace benefit.
Berlin-based insurtech Embea has successfully concluded its seed funding round, securing €4 million in investments.
Armilla AI has successfully concluded a US$4.5 million seed funding round. The funding initiative, led by Mistral Venture Partners, garnered significant support from key players such as MS&AD Ventures, SixThirty Ventures, Morgan Creek Digital, and Y Combinator.
Allstate Corp. has reported pretax catastrophe losses of $276 million for the month of January.
Zinnia has announced its acquisition of the life and annuity assets of Ebix, a renowned supplier of software solutions.
Akur8 and MGS Seguros have announced a strategic partnership aimed at transforming insurance pricing strategies in Spain.
Insurtech insights caught up with Nigel Walsh, Head of Global Insurance for Google Cloud, to find out what this podcaster, author and all round industry guru had to say about the state of insurance in 2024.
Lockton, the independent insurance broker, has revealed the appointment of Oliver Ross as Senior Vice President within the Global Construction team, effective immediately.
Kin, the direct-to-consumer home insurance company, has unveiled robust financial results for the full year 2023, showcasing significant growth across key metrics.
Specialty insurer Tokio Marine Kiln (TMK) has announced the appointment of Matthew Shaw as its new chief executive officer (CEO), effective April 1st, pending regulatory approval.
QBE has announced its impressive financial results for the full year 2023, revealing a substantial increase in its statutory net profit after tax to US$1.36 billion, compared with $587 million recorded in 2022.
KYND, a leading provider of cyber risk management solutions, has announced a significant investment from Verisk, aimed at driving its expansion and growth trajectory.
Swiss Re, one of the world’s leading reinsurance companies, has reported impressive financial results for the fiscal year 2023.
In a move set to invigorate retail agents across the sector, a strategic partnership has been forged between Capitola and Ategrity Specialty Insurance Company.
Sure, a prominent player in insurance technology renowned for its digital innovation, has introduced Anywhere Insurance, signaling a pivotal shift in the insurance landscape.
Casey Kempton has begun a new role as head of Nationwide’s personal lines property business.
Nationwide has forged a partnership with DigitalOwl to leverage its cutting-edge platform, which transforms the analysis of medical data for a streamlined and accurate underwriting process.
Rasa, a leading conversational AI platform, has successfully raised $30 million in a Series C funding round. The investment round was co-led by StepStone Group and PayPal Ventures, with notable participation from Andreessen Horowitz, Accel, and Basis Set Ventures.
As the Chief Commercial Officer at Sayata, Upasana Unni oversees the supply side of the two-sided marketplace. Initially focused on cyber insurance, Sayata has since broadened its offerings to include other lines for small and medium businesses.
Cake, a transactional marketplace tailored for independent insurance agents, has closed a pre-seed funding round, raising $1.3 million.
Marsh has announced the expansion of its directors & officers (D&O) Echo facility, offering clients up to US$75 million in D&O insurance capacity.
MAPFRE Re, the reinsurance division of Madrid-based insurer MAPFRE, has revealed a notable uptick in premiums for the fiscal year 2023, reaching €7.9 billion, representing an increase of 8.8%.
Fathom, a UK-based provider of water risk intelligence and flood models recently acquired by Swiss Re, has entered into a strategic partnership with The World Bank.
Admiral has forged a strategic alliance with Google Cloud to revolutionise customer experiences.
The insurance industry continues to be in flux, undergoing several seismic shifts simultaneously. Now that we are officially in the new year, we can see these changes and accelerations in various ways. Read on for ten predictions for our industry in 2024.
Wipro, a leading global IT firm based in Bengaluru, India, has acquired a majority stake in US-based Aggne Global, a prominent consulting and managed services firm specialising in insurtech.
Marsh has launched the latest phase in the deployment of its digital trading initiative within the London insurance market.
The CareVoice and its board of Directors have announced the appointment of former Generali Vitality CEO, Simon Guest as Chief Commercial Officer and member of its Leadership team.
Insurtech company Optalitix has unveiled its latest collaboration with Quantee, a dynamic insurance pricing platform aimed at enhancing the granularity and precision of pricing models.
London-based Tint Financial Services, a cross-border fintech firm focused on simplifying trade for SMEs and supply chains, has appointed Jodi Cartwright as Chief Commercial Officer.
Insurtech startup Buddy has raised US$7 million from 49 investors, bringing its funding total to $8 million
The embedded insurance provider, part of HDI International, will enable greater coverage and extended warranty solutions for customers of Italian mobile operator Wind Tre
From front line fatigues to the startup circuit, Kobi Bendelak swapped his successful military career for the insurance industry – and now supports tech entrepreneurs seeking to disrupt through innovation.
Hugo Farinha, Co-Founder and CTO of Virtuoso explores the digital transformation journey, and ways companies can leverage technology to boost performance in the marketplace.
Bupa has announced the establishment of a US$20 million venture capital fund, known as Bupa Ventures, aimed at backing Australian healthcare startups.
Sun Life US has announced a strategic partnership with Somatus aimed at bolstering access to care and addressing rising healthcare costs.
Lloyds Development Capital Limited (LDC), a mid-market private equity house and subsidiary of Lloyds Banking Group, has thrown its investment weight behind Uinsure – a cloud-based insurtech that connects financial intermediaries and lenders with a panel of the UK’s insurers.
Verisk has launched its automated generative artificial intelligence (generative AI) record summary feature within Discovery Navigator.
MediConCen, an InsurTech company specializing in AI and blockchain-driven insurance claims automation, has secured $6.85 million in its latest Series A funding round.
Zurich Insurance Group, a prominent Switzerland-based insurer, has received approval from Indian competition regulators for its acquisition of a 70% stake in Kotak Mahindra General Insurance Company (KMGIC).
CoverForce Inc, a startup based in New York that specialises in offering an API for quoting and binding commercial insurance, has announced a new partnership with Great American Insurance Group
Ignite Specialty Risk, a prominent provider of litigation risk insurance, has officially introduced its Litigation Capital Protection Insurance offering in the United States.
Lloyd’s has announced its support for two promising ventures, Axio and REOR20. The investments mark the inaugural deployments from Lloyd’s Central Fund private markets allocation, highlighting the institution’s commitment to nurturing emerging technologies and solutions in the insurance sector.
Generali Global Corporate & Commercial (GC&C), a subsidiary of the renowned Italian insurance conglomerate, has recently named Carlos Gomez as its new Head of Insurance, effective January 30, 2024.
Talanx Group, the parent company of Hannover Re, is poised to achieve a record net income of €1.58 billion for the financial year 2023, according to its consolidated unaudited figures.
Xceedance has launched its MGA Agility Suite aimed at bolstering digital capabilities for programme administrators across the Americas.
Shepherd, a leading insurance technology platform catering to the commercial construction sector, announced today the successful closure of a $13.5 million Series A funding round.
bolttech Insurance, the general insurance arm of international insurtech bolttech based in Hong Kong, has launched MyTravel, a travel coverage plan catering to customers, their families, pets, and belongings.
Marsh has announced the appointment of Lorraine Stack as the new risk management leader for Europe.
Ensurise, LLC, a leading independent insurance brokerage, has announced a merger with Risk Cooperative.
Lloyd’s has entered into a partnership with Sherbro Alliance Partners (SAP) in a bid to bolster economic resilience and foster growth opportunities on Sherbro Island, Sierra Leone.
Oxbow Partners and Kita have jointly launched a significant report titled “Gross Written Carbon: Is Carbon Credit the Next Billion-Dollar Insurance Market?”
Spanish reinsurer Nacional Re has announced its collaboration with ACORD Solutions Group’s ADEPT for Global Reinsurance and Large Commercial (GRLC) to streamline the digitisation and exchange of accounting and claims data within the insurance industry.
The Croatian startup MGA (Managing General Agent) Boont, has forged a partnership with Insly to implement insurance software for its backend operations.
Goboony, Europe’s premier camper sharing platform, has joined forces with iptiQ, a subsidiary of Swiss Re, to unveil a customised digital insurance solution catering to the unique requirements of motorhome owners.
Howden Group Holdings has announced the financial results for the fiscal year ending September 30, 2023, reporting organic growth rate of 13% and achieved a remarkable 33% surge in revenue, reaching £2.44 billion.
London-based insurtech Artificial Labs has raised US$10 Million in it’s Series A+ round, following a $5.9 Million (£4 million) investment from Augmentum, Europe’s foremost publicly listed fintech fund.
RiverStone International has announced the completion of its acquisition of Irish insurance leader, Catalina Insurance Ireland
Kin Insurance has secured a significant investment of US$15 million from Activate Capital, a new investor in the company.
Hub International Limited (Hub), has officially acquired the assets of Ronald (Ron) Morin, Jr., operating under Morin Insurance Agency. The specific terms of the transaction remain undisclosed.
WTW has launched a new parametric insurance policy designed to safeguard the coral reef system of the Lau Group of islands in the South Pacific.
Munich Re has announced the formation of a new global parametric team focused on natural catastrophe risk transfer solutions.
For decades, Denise Garth has blazed a trail for women in the technology and insurance space. Insurtech Insights caught up with her to find out more.
There has been a flurry of activity in the acquisitions space in the first weeks of 2024. Insurtech Insights looks at the first month of mergers in a buyers market.
Aon’s Reinsurance Solutions arm exhibited a robust performance, witnessing a remarkable organic revenue growth of 14%, totaling US$332 million in the fourth quarter of 2023.
Zurich American Insurance Company, a division of Zurich North America, has launched a dedicated directors and officers (D&O) insurance product aimed at safeguarding non-US board members and officers of US-based multinational corporations.
APIW, Inc. (the Association of Professional Insurance Women) has announced that Brenda (Ballard) Austenfeld, CEO & President of RT National Property, has been awarded the 2024 APIW Insurance Woman of the Year Award.
Curative Insurance Company has expanded its array of member benefits by incorporating GRAIL’s Galleri test, a sophisticated multi-cancer early detection screening tool.
Insurtech investment has seen a lot of challenges over the past 12 months, but January 2024 has seen some impressive raises from seed to series B. Insurtech Insights reports.
APOLLO Insurance, a prominent digital insurance provider in Canada, has launched a new feature enabling customers to access credit reporting services through its partnership with Zenbase.
Chubb has experienced an uptick in its North American personal Excess and Surplus lines (E&S) business, but the company’s CEO, Evan G. Greenberg remains cautious about the trend.
Insurtech Wisedocs has announced the successful conclusion of its Series A Funding Round, raising US$9.5 million.
SCOR has announced the establishment of an offshore renewable energy consortium, expanding its deployable capacity to over US$180 million.
Risk and reinsurance specialist Guy Carpenter has unveiled its latest innovation in the form of a new cyber reinsurance product, called CatStop+.
BMS Re, the specialty reinsurance division of global broker BMS Group, has announced the appointment of Andrew Wheeler and Russ McGuire as interim co-Chief Executive Officers of BMS Re as CEO, Pete Chandler steps down.
Tata Consultancy Services (TCS) has recently announced a significant expansion of its strategic partnership with Aviva.
AI-powered insurtech Indemn has closed a US$1.9 million pre-seed funding round – a milestone that highlights that Indemn’s commitment to revolutionising how people engage with and purchase insurance coverage through the integration of AI.
Planck, a leading player in the insurtech sector, has been recognised by Gartner as a standout innovator in the insurtech space for its use of Gen AI.
Chubb has announced stellar fourth-quarter earnings, fuelled by a combination of factors including a tax benefit, robust property/casualty underwriting income, and substantial gains in life insurance net premiums written.
From a career in Law to running the most talked-about insurtech in the industry today, Joanna England gets the CEO scoop from Lemonade’s Co-Founder, Daniel Schreiber.
Coalition has announced the launch of its Miscellaneous Professional Liability (MPL) Insurance.
Cyber insurtech firm BOXX Insurance has partnered with AXA to unveil a pioneering cyber risk mitigation solution tailored for small businesses.
Zurich Insurance Group has announced that Viridium Group won’t buy its life legacy business in Germany as planned.
Progressive has rebranded its Protective Insurance – its large fleet commercial line coverage – to Progressive Fleet & Specialty Programs.
WTW has unveiled a specialised cyber insurance offering tailored for businesses with annual revenues under US$50 million.
Resilience has expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues.
Capgemini has announced a significant milestone in its partnership with the Auto Club Group (ACG), unveiling the successful migration of ACG’s core insurance processing applications to Google Cloud.
Insurity has unveiled its latest analytics solutions empowered by AI-driven insights, promising to reshape the landscape of decision-making for P&C insurance carriers.
Arthur J. Gallagher & Co. has announced the acquisition of Forest Insurance Facilities by its US wholesale brokerage, binding authority, and programmes division, Risk Placement Services, Inc. (RPS).
Lloyd’s Lab has announced it will venture into the Americas for its 12th Cohort with a dedicated regional theme.
Switzerland-based startup CarbonPool, founded by former Allianz executives, has successfully concluded a significant funding round aimed at revolutionising the carbon credit market.
Howden has introduced a pioneering insurance facility aimed at bolstering carbon capture and storage initiatives, with the backing of SCOR’s Lloyd’s syndicate.
In a significant development for California homeowners, The Hartford has disclosed its decision to cease writing new homeowners insurance policies in the state effective February 1, 2024.
AVLA, a leading provider of surety and trade credit solutions, has successfully raised $25 million in funding from prominent investors, including Creation Investments Capital Management, DEG Invest, and Altra Investments.
Pacific Life Re has announced a strategic overhaul of its organisational structure aimed at bolstering client support and propelling its growth agenda forward.
In a move set to redefine the landscape of generative AI and machine learning (ML) development, Google Cloud and Hugging Face have unveiled a strategic partnership aimed at empowering developers worldwide.
MIC Global, a leading microinsurance provider, has announced the successful closure of a US$6 million seed funding round, signalling a significant milestone in its growth trajectory.
Porch Group, the parent company overseeing insurer/MGA Homeowners of America, has announced a landmark “strategic business collaboration agreement” with Aon and Aon Re, marking a significant development in the insurance landscape.
Zurich North America has announced significant changes in its Direct Markets and Crop sectors.
NFP and the National Hockey League (NHL) have announced a new multi year partnership spanning North America. Under the agreement, NFP assumes the role of the official business insurance brokerage partner of the NHL.
The past three years have been a rollercoaster ride for insurtechs globally. Gil Arazi, Founder & Managing Partner of FinTLV, gives Insurtech Insights his ‘eye-of-the-storm’ perspective.
Capella Space Corp., a prominent American space technology company specialising in satellite solutions, has entered into a strategic partnership with Floodbase, a leading data provider and reporting agent for parametric flood insurance.
Marsh McLennan has unveiled its financial performance for the fourth quarter (Q4) and the entire fiscal year concluding on December 31, 2023 (FY23), revealing robust figures.
Allianz Direct, the European direct business arm of global insurance giant Allianz, has successfully acquired the home insurance business of online insurer Luko.
Insurance industry finally ready for digital transformation with 75% of insurance organisations ready to swap core management platforms by 2025 – Novidea global report reveals
International broking and consulting firm, NFP, has announced the acquisition of Advanced Insurance Consultants Limited (AIC).
Manulife has entered into a new multi-year partnership with Aeroplan, the loyalty programme under the ownership of Air Canada.
Amazon has made the decision to shut down its UK Insurance Store a mere 15 months after its launch in October 2022.
Cover Genius has joined forces with Vueling, Spain’s premier low-cost airline, in an exclusive travel protection collaboration to provide embedded solutions via its global distribution platform, XCover.
AgentSync has launched the ProducerSync API, the inaugural offering in its commercial API suite, aimed at streamlining insurance producer onboarding and compliance procedures.
Ansel, formerly known as Brella, is making strides in transforming the supplemental insurance landscape by securing a US$20 million funding round led by Portage.
Root Platform (Root), the end-to-end insurance technology platform known for its low-code and API-first approach, welcomes Alex Astengo as the UK Country Manager, based in London.
Spotr, an innovative Dutch AI-powered property data platform, has successfully secured €4.5 million in funding.
Spanish insurer MAPFRE has selected Akur8, a groundbreaking insurance pricing solution driven by transparent machine learning, to strengthen its pricing capabilities.
In the aftermath of a series of departures last year, the remaining members of the Net-Zero Insurance Alliance (NZIA) are reportedly contemplating the reconstruction of the group, with discussions suggesting the inclusion of brokers and regulators in a potential new iteration.
Chubb Bermuda has consolidated its Financial Lines and Excess Liability product lines, appointing Richard Porter to the pivotal role of Executive Vice President, Head of Liability Lines.
Newgen Software has officially launched its state-of-the-art, Guidewire Cloud-validated accelerators on the highly regarded Guidewire Marketplace.
Xceedance has entered into a transformative partnership with the Underwriting Agencies Council (UAC).
Simon Hughes, VP and General Manager at Cowbell discusses mitigating risk at the broker level through a four-stage framework
Toolbox by Admiral, the business insurance arm of Admiral Group, has announced that it has rebranded to Admiral Business to “better reflect the company’s core focus”.
Verisk has expanded its collaboration with Duck Creek by incorporating MSP Navigator into Duck Creek’s Content Exchange based in Boston.
Global insurance brokerage giant HUB has officially introduced the HUB Property Practice. The initiative is designed to offer comprehensive solutions to the evolving challenges faced by clients in North America.
Affectionately known as ‘The InsurTech Queen’, Sabine VanderLinden is a pioneer in the startup space. Insurtech Insights unravels her story.
Zurich North America has announced the appointment of Ann Chai as Chief Risk Officer, effective January 16, succeeding Colleen Zitt, who has transitioned to the role of Vice President of End-to-End Process Controls within Zurich North America’s Finance team.
Keystone Agency Partners (KAP), the insurance brokerage platform, has successfully amended and upsized its existing debt facility, securing an additional $330 million in financing.
GM Financial has announced the rebranding of its OnStar Insurance brand to General Motors Insurance. The decision follows a shift in strategy from an agency model to a full-stack carrier, with the insurance unit now being wholly owned by GM Financial.
Erie Strategic Ventures, the venture capital arm of Fortune 500 insurance giant Erie Insurance (ERIE), has revealed strategic investments in three cutting-edge companies: Wagmo, Roots Automation, and Trust & Will.
Bharatsure, the Mumbai-based Insurtech startup that specialises inproviding Infrastructure-as-a-Service (IaaS) solutions tailored for insurance distributors, has successfully raised US$1 million (approximately 8.3 crore), with Capital-A taking the lead.
German insurtech Getsafe has successfully acquired deineStudienfinanzierung, a digital platform specialising in student loans.
Insurtech leader Qover has officially entered the UK motor insurance sector, expanding its reach to the ninth European market for its innovative motor insurance programmes.
Inszone Insurance has successfully acquired Jacque Pirtle Insurance, a well-established agency serving the Dallas/Fort Worth Metroplex for nearly three decades.
With almost four decades in the re/insurance industry, Neil Sprackling’s global career trajectory has seen him operate in the UK, US, Spain, Latin America, Australia and New Zealand.
Maine Employers’ Mutual Insurance Company (MEMIC), workers’ compensation insurance specialists, has partnered with CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation.
Canopius Group, a global specialty (re)insurer, has launched a groundbreaking investment management product aimed at catering to the needs of asset managers.
Marsh McLennan’s insurance broker and risk advisory arm, Marsh, disclosed that Rob Powell has decided to remain in his position as the Global Chief Claims Officer.
Arch Insurance North America has welcomed Prabhu Venkataraman as its Chief Information Officer (CIO).
FloodFlash has unveiled its plans to extend its services to an additional 10 states in the United States.
InsurX, a digital exchange equipped with algorithmic capabilities, has made its debut in the London Direct & Facultative (D&F) Property market.
Verisk has taken action to meet the demands of claims organisations in the insurance industry by introducing the Verisk Claims Advisory Board.
Foxquilt, the small business insurance startup based in Canada, has entered into a long-term capacity relationship with specialty insurance provider Markel.
Swiss Re has finalised the purchase of the market’s inaugural cyber retrocession industry loss warranty (ILW), facilitated by Gallagher Re.
German digital insurance landscape, Freeyou Insurance AG has partnered with Akur8, to elevate its pricing capabilities.
European insurtech Bikmo, a premier provider of specialised cyclist insurance, has officially partnered with British Rowing, the esteemed governing body overseeing rowing activities from grassroots to elite levels.
Motor insurer, Zego, has announced the official launch of its new Business Van Insurance product.
In its 13th annual release, the Allianz Risk Barometer has cast a spotlight on the paramount business risks for the year 2024.
Lemonade has announced the extension of its partnership with General Catalyst (GC) which involves GC financing up to 80% of Lemonade’s expenses specifically related to customer acquisition cost (CAC).
In the wake of a challenging year for mergers and acquisitions (M&A), global markets are gearing up for a significant rebound in 2024, according to recent findings from WTW’s Quarterly Deal Performance Monitor (QDPM).
Insurance broker Lockton has reinforced its People Solutions team in Norway by welcoming four seasoned professionals from Aon Norway.
Coalition has named Mark Bird as the head of Coalition Incident Response UK Ltd. (CIR), the company’s dedicated affiliate specialising in incident response and cyber forensics.
Blink Parametric and MAWDY, a global insurance, reinsurance, and services company affiliated with the MAPFRE Group, have expanded their partnership to include MAWDY Ireland.
As the Group Chief Digital Officer, and Managing Executive Officer at Tokio Marine Holdings, Masashi Namatame is responsible for strategising and driving the digital ecosystem development of one of the world’s most respected insurance groups.
Global re/insurer SCOR has confirmed a 15-year lease agreement for approximately 50,000 sq. ft of office space at 8 Bishopsgate, a prestigious London office building, in collaboration with Mitsubishi Estate London and Stanhope.
Previsico, the pioneering live flood forecasting insurtech, has announced the appointment of Craig Deacon as its Chief Financial Officer (CFO).
New York-based insurance startup, Korr, has successfully raised US$3.2 million in seed funding, with Motive Ventures taking the lead, alongside contributions from Tokio Marine Future Fund and Plug and Play Ventures.
Akur8 has announced a strategic partnership with Ohio Mutual Insurance Group, one of the premier insurers in the United States. According to reports, Ohio Mutual’s
Swiss insurance giant Baloise has unveiled a trio of pioneering parametric insurance policies aimed at offering coverage for flight delays, baggage delays, and adverse weather conditions.
DigitalOwl has raised US$12 million investment from Reinsurance Group of America, Incorporated (RGA), a leading global life and health reinsurer.
HDI Global Specialty has acquired a majority stake in managing general agency (MGA) Falcon Risk Holdings and a subsidiary of Pennsylvania Lumbermens Mutual Insurance (PLM).
In a recent disclosure to the US Securities and Exchange Commission, title insurer Fidelity National Financial (FNF) revealed that approximately 1.3 million of its customers have been affected by a cyberattack that occurred last November.
Akur8, the next generation insurance pricing solution powered by transparent machine learning, is excited to announce its new partnership with Quincy Mutual Group.
Rainbow, a digitally-enabled managing general underwriter specialising in customised small business insurance products, has successfully raised US$12 million in seed funding.
hyperexponential has raised US$73 million in capital in its Series B funding round, led by Battery Ventures, with participation from leading Silicon Valley investor a16z, and existing Series A investor Highland Europe, which increased its holding., three years after its Series A round.
Verisk has announced the completed the acquisition of Rocket Enterprise Solutions GmbH, an insurtech provider based in Germany specialising in the property claims sector.
FINEOS Corporation has announced that Securian Canada achieved an unprecedented go-live with its claims administration software solution, actively processing disability claims within five months from the start of the project.
Lemonade has officially introduced its car insurance product in Washington, marking the seventh state where it is available.
We dive into the world of embedded insurance with Marat Nevretdinov, the accomplished Managing Director of HDI Embedded as he discusses the future of embedded services in a global context.
Insurtech startup Branch has implemented another round of job cuts, affecting a reported 85 employees – a figure that is yet to be officially confirmed.
PCF Insurance Services has announced its partnership with AgentSync.AgentSync, a leading player in insurance producer and compliance management.
Verisk has revealed its latest leadership appointments as Doug Caccese and Saurabh Khemka have been appointed as co-presidents of Verisk Underwriting Solutions.
Cowbell has announced the extension of its coverage to mid-market businesses. This expansion caters specifically to enterprises with an annual turnover of up to £1 billion.
Blink Parametric has announced a three-year extension of its partnership with Blue Cross, Canada’s leading insurance provider.
Lloyd’s has announced the issuance of the first 144A catastrophe bond on its risk transformation platform, London Bridge 2 PCC Limited.
Alta Signa Europe B.V. (“Alta Signa”) has announced an upgraded underwriting structure and the appointment of seven key roles to further its business lines.
ZEEKR, the prestigious international electric mobility brand under the umbrella of Chinese automotive giant Geely, has joined forces with the innovative embedded insurance startup, Qover.
Zurich Insurance Group has announced the launch of the fifth edition of the Zurich Innovation Championship, a global startup program that has gained industry acclaim since its initiation in 2018.
Theresa Blissing, industry author and driving force behind Asia’s most successful insurtech podcast, shares her career journey and hosting adventures with Joanna England
Pan-American Life Insurance Group (PALIG) has successfully concluded the acquisition and merger of Encova Life Insurance Company, marking a significant development in the realm of life, accident, and health insurance services.
In a recent announcement, Marsh revealed that Andy Stirk is set to join the company in the capacity of US Chief Growth Officer, commencing his role on January 16.
Global cloud insurance software solutions leader, Majesco, has announced a strategic move by acquiring the Decision Research Corporation (DRC) business—a significant player in SaaS-based insurance software.
Duck Creek Technologies has announced it’s latest collaboration with CAMCOM, an AI-powered platform specialising in visual inspections across various industries.
SentinelOne, a leading AI-powered security company partnered with industry leaders including Chubb and Travelers, has announced its decision to acquire PingSafe.
Howden, the global insurance group, has solidified its position in the Norwegian market with the recent acquisition of Arctic Insurance AS, a rapidly growing insurance broker based in Oslo.
Berkshire Hathaway Specialty Insurance (BHSI) has broadened its partner network and bolstered its internal team with seasoned multinational experts to expand its network and upgrade its technology systems.
Boston-based insurance startup Ledgebrook has joined forces with hybrid carrier Obsidian to introduce an innovative miscellaneous professional liability programme.
B.P. Marsh & Partners Plc, a specialised private equity investor in early-stage financial services businesses, has successfully acquired a 30% Cumulative Preferred Ordinary shareholding in Ai Marine Risk Limited (Ai Marine), a prominent Managing General Agency (MGA) based in London.
Cyber insurance managing general underwriter Corvus Insurance is now officially part of The Travelers Companies, a prominent insurance provider.
Howden has reported a notable shift towards stability in the reinsurance market in its latest annual market report, entitled, “A New World.”
Private investment firm Gallatin Point Capital and insurer American Family Insurance Group have successfully finalised a new partnership with reciprocal Insurer, Trusted Resource Underwriters Exchange (TRUE), in a US$1.25 billion deal.
UnitedHealth Group Incorporated and Allianz SE have retained their top positions in AM Best’s rankings of the world’s largest insurance companies.
The US Bankruptcy Court for the District of Delaware has re-started pre-trial hearings for the bankruptcy case of Israeli insurtech company Vesttoo.
For insurance firms, data quality is a critical linchpin that, when poorly managed, hinders overall efficiency, competitiveness, and progress, says Jesse Power, Head of Insurance at data automation firm, Duco.
AXA has launched multiple comprehensive enhancements to employee benefits, which came into effect from January 1st, 2024.
Specialist insurer Beazley has successfully closed its inaugural 144A cyber catastrophe bond, providing coverage amounting to US$140 million.
National insurance provider Inszone Insurance Services has successfully concluded the acquisition of LPL Insurance Agency, Inc.
Devoted Health, the tech-enabled Medicare Advantage startup, has successfully secured US$175 million in fresh funding.
S&P Global Market Intelligence has unveiled its latest findings in the largest Life and Property and Casualty Insurer Rankings, showcasing State Farm Mutual Automobile Insurance Co. as the foremost global Property and Casualty (P&C) insurer.
Aspen Insurance, under the ownership of private equity firm Apollo, has officially submitted its paperwork for an initial public offering (IPO) in the United States, as per a regulatory filing on Wednesday.
Bain Capital Insurance has embarked on a significant venture with a US$200 million investment to establish The Mutual Group, an innovative insurance platform poised to transform the landscape of mutual insurance.
In a move aimed at enhancing organisational clarity, the co-CEOs of digital insurance firm Lemonade are set to resume their previous positions effective January 1.
French reinsurer SCOR is gearing up for a transformative year with the appointment of David Sütterle and Damien Bartlett to new senior roles, aiming to bolster the company’s strategic focus and streamline its operations.
Independent insurance broker Lockton has partnered with Artificial Labs, a pioneering insurtech specialising in algorithmic underwriting.
Aon Plc. a global leader in professional services, has unveiled plans to acquire NFP, a prominent middle-market provider offering comprehensive risk, benefits, wealth, and retirement plan advisory solutions.
From cyber insurance and generative AI, to embedded offerings and climate risk technologies, the insurance space over the next 12 months will see huge changes.
Dan Bratshpis is the CEO of INSHUR, the fastest-growing global provider of insurance for the on demand economy. He is passionate about providing businesses and workers with seamless insurance solutions.
Mumbai-based insurtech startup Finhaat has successfully raised US$3 million (approximately INR 25 Crore) in a seed funding round.
ARMD, an insurtech dedicated to serving the underserved tradespeople market in the UK, has forged a strategic partnership with leading wholesale broker distribution platform Sparta Insurance Services.
Allianz Life and Munich Re Automation Solutions are set to unveil a cutting-edge Software as a Service (SaaS) underwriting solution, marking a significant stride in their collaborative efforts.
Redactable, a cutting-edge AI-driven web application specialising in the redaction of sensitive documents, has successfully raised $5.5 million in seed funding.
OneDegree, Asia’s pioneering licensed insurer for digital assets, has joined forces with Dubai Insurance Co. to introduce digital asset insurance in the United Arab Emirates (UAE).
Last week, the European Parliament and Council reached a landmark political agreement on the European Union’s Artificial Intelligence Act (“EU AI Act”), concluding months of intense trilogue negotiations.
Lloyd’s, the global leader in insurance and reinsurance, has announced a significant extension of its occupancy at One Lime Street, securing the prestigious location until at least 2035, with an optional extension to 2040.
Prasad Prabhakaran, Generative AI Practice Lead at esynergy, examines the pros and cons of regulating AI and the UK’s AI Summit, in the wake of the EU AI Act.
Equisure, a subsidiary of Amwins, has unveiled its latest initiative with the introduction of its Livestock insurance programme.
Dale Underwriting Partners, operating under the umbrella of Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has partnered with global private markets manager CVC.
Originally intent on a career in medicine and forensic science, Shelley Ma credits her ADHD for a career switch that saw her swap the mortuary for the cyber insurance space.
Beazley, a leading specialty insurer, has announced the appointment of Patricia Kocsondy as the new Head of Global Cyber Digital Risks.
In a strategic move to solidify its presence in the Nordic region of Europe, global insurance group Howden is set to acquire NORTH Risk (NORTH), Denmark’s fourth-largest insurance intermediary.
The Toronto-based startup Terminal is on a mission to become the Plaid for telematics data in the commercial trucking industry, as it successfully closes a US$3.1-million ($4.2 million CAD) seed round.
Cytora and Relativity6, a provider of industry classification modelling, have announced a partnership which will enable Relativity6’s models to be used to enhance the underwriting process within Cytora.
Swiss Re has successfully acquired Fathom, a prominent UK-based company, to bolster its capabilities in addressing water-related risks in the face of current and future climate scenarios.
Marsh, the insurance brokerage arm of Marsh McLennan, has revealed a series of significant senior appointments within its UK and Global Placement leadership team, set to take effect from January 1, 2024.
AI is transforming the insurtech space – bringing with it many benefits – and reservations. We spoke to Darian Acosta, Chief AI Officer for the commercial trucking insurtech, Cover Whale, to find out how telematics technology is being used to transform fleet insurance and driver safety – and its impact on the job market.
Chubb, the global property and casualty insurance company, has appointed industry veteran Frederico Spagnoli as the division president of consumer lines for Overseas General Insurance, its international general insurance operation.
Arch Insurance and Upfort have joined forces in an innovative partnership aimed at expanding the availability of cyber coverage.
Kevin Strain, President and Chief Executive Officer has announced that Manjit Singh will become the new President of Sun Life Asia effective March 18, 2024. He will be based in Hong Kong.
Howden Tiger has announced the appointment of Wolfram Schultz as the new Head of Casualty Reinsurance for Continental Europe.
BirdsEyeView, an insurtech startup backed by the European Space Agency, has successfully concluded a funding round, securing a significant seven-figure investment.
McKenzie Intelligence Services (MIS), a provider of geospatial data and analysis for insurers responding to catastrophic events, has successfully secured a strategic investment from Maven Capital Partners (Maven), a prominent private equity firm specialising in fast-growing businesses in the UK.
Florida-based HCI Group, Inc. has successfully completed its underwritten public offering, raising a substantial US$85 million.
Manulife Financial Corporation has entered into a substantial reinsurance deal, agreeing to reinsure a combined $13 billion of reserves spanning four legacy/low return on equity (ROE) blocks.
Hiscox, a prominent UK insurer, has made waves in the insurance industry by collaborating with Google to develop an artificial intelligence (AI) model designed to revolutionise the core underwriting process for specialist risks.
Voom has announced the launch of a new insurance solution to address the needs of the gig economy.
Mulberri, a cutting-edge AI-driven embedded business insurance platform tailored for small and medium enterprises (SMEs), has officially declared the successful closure of its Series A funding round, securing US$6.75 million.
Insurtech Insights Asia 2023 saw thousands of attendees take part in the region’s largest insurtech conference last week in Hong Kong.
Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, and carriers, has announced the launch into the Southeast Asian market, starting in Hong Kong and Singapore.
Cover Genius has partnered with Catawiki, the leading online marketplace for special objects, to protect the shipping of special objects.
Singapore-based insurtech startup Igloo has raised $36 million in pre-Series C funding led by Eurazeo’s insurance tech fund.
Ben Potts, MD UK and International at Novidea explores how Global brokers and carriers are embracing the latest-based insurance management platforms to enhance global connectivity, boost customer service, drive growth, and enhance operational efficiencies.
The news follows on from Cover Whale’s announcement earlier this year, that it was welcoming Darius Acosta as its new Chief Artificial Intelligence Officer.
Clover Health Investments, Corp, a leading physician enablement company that enhances healthcare access for Medicare recipients, has exited the Centres for Medicare and Medicaid Services (CMS) ACO REACH Program to expedite its journey towards profitability.
Blink Parametric, a leading provider of flight interruption insurance solutions, has entered into a global agreement with MAWDY, a renowned global insurance, reinsurance, and services company affiliated with the MAPFRE Group.
Ondo InsurTech PLC (LSE: ONDO) has successfully raised US$1.3 million through a placement completed yesterday after the close of the market.
NOW Insurance, a full-stack, AI-enabled commercial insurance platform specialising in medical professional liability coverage, recently launched coverage for physicians and physician groups in their online platform.
Day-to-day, Insurtech Insight’s Rory Pyke engages with key industry figures who generously share invaluable insights on how they are actively advancing our industry.
At-Bay, the leading InsurSec provider tailored for the digital age, proudly reveals its achievement of the Amazon Web Services (AWS) Cyber Insurance Competency.
HDI Global Achieves Improved 9-Month Performance with Strong Combined Ratio of 92.7%
Leading insurtechs including Root, Branch, Lemonade, Clearcover, have joined forces to establish the InsurTech Coalition.
Integration helps small business insurers bind new business in seconds
Chubb Limited has unveiled a groundbreaking initiative with the introduction of the Chubb Methane Resource Hub.
Novidea has announced the appointment of two highly seasoned Sales Managers, James Doe and Mike Scott.
Cowbell has entered into a strategic partnership with Microsoft and Ingram Micro Inc. to elevate policyholder security and diminish cyber risks.
Cytora has announced its partnership with ZestyAI to enhance commercial property underwriting through the seamless integration of climate models.
MAPFRE and technology provider Cyberwrite, a leading global provider of cyber insurance technology, have joined forces to help the insurer’s clients reduce the risk of cyber-attacks with AI.
Sønr, a prominent innovation scouting and collaboration platform, has forged a strategic partnership with WTW.
Antonio Huertas presented his vision at the Geneva Association Summit 50, on the need for ethical considerations in AI
Akur8 has broadened its commercial presence in Latin America by providing strategic solutions for the development of predictive actuarial risk and rate models to build robust, high performance pricing models.
Coalition has announced the appointment of Oliver Bäte, Chief Executive Officer of Allianz SE, to the company’s Board of Directors.
New York-based private equity firm Lightyear Capital LLC to join forces with existing investor BHMS Investments, LP in fuelling Inszone Insurance Services’ growth
Balderton Capital leads investment round as Lassie aims to transform the pet insurance landscape
French insurtech Luko has entered receivership following the collapse of a €14 million deal with incumbent insurer Admiral in late October.
Aviva plc has announced its acquisition of Optiom O2 Holdings Inc, a prominent vehicle replacement insurance business.
After raising almost half a billion dollars from investors across two funding rounds, bolttech has secured its reputation as a market leader.
Talanx Group, the German parent company of global reinsurer Hannover Re, has successfully finalised the acquisition of Liberty Seguros in Brazil.
CatX, a platform designed to facilitate the flow of alternative capital into the insurance sector, has successfully raised $2.7 million in seed funding.
Global brokerage firm Howden has unveiled a cutting-edge primary cyber and technology errors & omissions (E&O) facility in partnership with Lloyd’s Insurance Company.
In a recent forecast, GlobalData, a prominent data and analytics company, predicts substantial growth in China’s motor insurance industry, projecting a compound annual growth rate (CAGR) of 4.5%.
BrokerTech Ventures (BTV), the industry’s first broker-led convening platform and accelerator program, has opened the application window for its 2024 BrokerTech Ventures Accelerator program.
Legal & General has officially confirmed a full buy-in agreement worth £4.8 billion with the Boots Pension Scheme. This transaction stands as the largest of
In the latest report from ratings agency AM Best, Chubb solidifies its position as the leading cyber insurer in the US based on Direct Premiums Written (DPW) in 2022.
n a recent deep dive, a Reuters Special Report has shed light on the shortcomings of Tesla’s car insurance service, stating that offerings are currently falling short of expectations.
Arthur J. Gallagher & Co., a global insurance brokerage, has successfully acquired Hughes Insurance Agency, Inc., based in Queensbury, New York.
Insurance industry leaders discussed the remarkable comeback of OpenAI’s CEO, Sam Altman, following his equally unexpected fall from grace just days ago.
Lemonade has announced the appointment of Deb Schwartz and Dr. Samer Haj-Yehia to its Board of Directors.
In its recently unveiled 2023 Global Risk Management Survey results, global professional services firm Aon has identified cyber attack/data breach as the foremost concern for organisations in the Asia Pacific region.
PYREG, a leading German NetZero Tech company specialising in high-tech biochar carbon removal, and Kita, a global carbon insurance specialist, have unveiled a memorandum of understanding (MOU).
If Skadeförsäkring (If), the leading property and casualty insurer in the Nordic region, and Guidewire (NYSE: GWRE) announced its partnership with Guidewire InsuranceSuite on Guidewire Cloud.
EIS has released its insurance sector forecast for 2024. The global coretech platform provider believes there’s every reason to be optimistic.
Marsh McLennan has introduced LenAI, a revolutionary generative AI tool crafted at the company’s Dublin Innovation Centre in collaboration with Oliver Wyman Digital
Fortitude Re, a global multi-line reinsurer, has successfully concluded its $28 billion reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation.
DUAL North America has officially entered the Surety marketplace with the introduction of its new Surety underwriting division, spearheaded by industry veterans Mark Farina and Brendan Keating.
Vi Digital, a startup Managing General Agent (MGA) specialising in algorithmic underwriting, has joined forces with Inari, a core technology infrastructure provider for the global re/insurance industry.
Fidelis Insurance Group has announced a remarkable surge in underwriting income, reaching $232.9 million for the 9-month period ending September 30, 2023.
LOTTE HIMART and bolttech partner to offer first-ever home appliance switching service in South Korea
Following a robust 2023 driven by robust US economic expansion, the global economy is poised to decelerate by 0.4 percentage points, reaching a 2.2% real GDP growth in 2024.
Cover Genius, the leading insurtech for embedded protection, and SAS, Scandinavia’s leading airline, have announced a new, exclusive, and customised protection programme today.
Inszone Insurance Services has officially completed the acquisition of Letherer Insurance Consultants, a well-established insurance firm based in New Mexico.
Oyster, the cutting-edge insurance platform for commerce, has announced the launch of its groundbreaking rental insurance product, marking the introduction of the first usage-based rental insurance programme in the United States.
Insurtech powerhouse wefox has recently announced the appointment of Paul Onnen as its Chief Technology Officer (CTO), effective immediately.
Leading insurtech firms hyperexponential and Akur8 have joined forces in partnership to transform the landscape of specialty and commercial insurance pricing through cutting-edge data-driven solutions.
Hartford-based Insurity, a leading provider of cloud-based software catering to insurance carriers, brokers, and MGAs, has unveiled its latest collaboration with Key Management Group, Inc. (KMG), headquartered in Jericho, N.Y., as its newest system integrator (SI) partner.
Tokio Marine HCC has reported a substantial 12.5% increase in net premiums written for the second quarter of its 2023 fiscal year, reaching an impressive JPY 413.4 billion.
LexisNexis Risk Solutions, a prominent provider of data, analytics, and technology solutions for insurance carriers, has unveiled a strategic alliance with Agenium, a leader in disruptive platform technology.
Generali, has maintained its 2024 targets despite facing a 29.6% surge in adjusted net profit over the nine-month period.
MetLife has successfully concluded a massive $19 billion reinsurance agreement with Global Atlantic Financial Group, a prominent player in the retirement and life insurance sector.
Aviva plc has released its financial performance for the first nine months of 2023, a period characterised by group CEO Amanda Blanc as one of “strong growth.”
AXA XL Risk Consulting has launched a new Water Impact and Sustainability Evaluation (WISE) tool, aimed at providing risk managers with a remote and customisable solution to comprehensively evaluate and manage water risks.
Howden has named Jean Bayon de La Tour as the International Head of Cyber, effective immediately.
Lloyd’s will maintain its current iconic headquarters till 2041, following a successfully finalised a new lease agreement with its landlord, Ping An.
Cara Morton, the respected global CEO for Cover-More Group, is poised to assume the crucial position of CEO for Zurich Global Ventures, effective February 1, 2024.
Swiss Re’s comprehensive research reveals the role of digital Electronic Health Records (EHRs) in expediting and enhancing underwriting decisions in the life and health insurance sector.
Inszone Insurance Services, a national firm, has successfully acquired Hawks View Insurance. The announcement comes as Inszone makes a significant entry into the insurance market in Washington.
Chubb has unveiled a significant expansion in its digital integration capabilities through the introduction of a new developer portal within Chubb Studio®.
Marsh McLennan has joined forces with the Ukrainian government, the Export Credit Agency of Ukraine, Ukreximbank, Ukrgasbank, and DZ Bank to introduce a pioneering facility named ‘Unity.’
Taking a human-first approach in an increasingly digitised environment is a challenge Robert Burr, CEO of Swiss Re’s iptiQ is more than happy to take up. Insurtech Insights caught up with this dynamic CEO to find out more.
Cytora, the digital risk processing platform, has partnered with Veridion, a leading provider of AI-powered business data and market intelligence.
Swiss insurer Zurich has revealed that its wholly owned U.S.-based Farmers Group is poised to acquire three brokerage entities—namely Kraft Lake Insurance Agency, Western Star Insurance Services, and Farmers General Insurance Agency—along with the flood-program servicing arm of Farmers Exchanges. The strategic acquisition is valued at $760 million.
Howden Tiger, the reinsurance broking arm of the global insurance group Howden, has collaborated with Swiss Re Group to successfully complete a strategic Loss Portfolio Transfer (LPT) for Kookmin Best Insurance Company, LTD (US Branch) (KBIC).
Eigen Technologies (Eigen), a leading global provider of intelligent document processing (IDP), has introduced version 6 of its no-code artificial intelligence (AI) platform, marking a significant leap in the automation of document workflows.
CoverSelf, the unified platform revolutionising healthcare claims and payment integrity, has announced the extension of its seed round to US$8.2 million, attracting renewed interest from existing investors and prominent figures in the healthcare industry.
Chubb, the world’s largest publicly traded property and casualty insurance company, has released the results of a comprehensive survey revealing a significant underestimation of flood risk among mid-market companies in the United States.
In a strategic move, insurance broker WTW has unveiled “A-Star,” a comprehensive excess layer Directors and Officers (D&O) insurance solution.
INSTANDA, a global leader in no-code insurance platform technology, and Farmsure Underwriters Ltd, a prominent agricultural insurance specialist, have announced a strategic partnership.
UK insurtech Anansi has announced a triple collaboration with Tokio Marine HCC, Liberty Mutual and Arch Insurance to introduce a pioneering parametric goods-in-transit insurance tailored for large retailers.
In a strategic move, data-driven risk exchange Accelerant has welcomed Gabriella Engstrand to lead its distribution efforts in Europe
Digital P&C insurtech Kin has reported a remarkable 63% year-over-year increase in Gross Written Premium, reaching a milestone of over $270 million in 2023.
Guidewire has joined forces with Swiss Re Reinsurance Solutions to transform the insurance landscape by leveraging cutting-edge technology.
Rory Yates, Chief Strategy Officer for EIS, unpicks the pros and cons of Amazon’s new Health Insurance offering
Sedgwick, the technology-driven risk solutions provider, has announced the appointment of Neil Gibson as the new Chief Executive Officer (CEO) for its operations in the United Kingdom.
ICEYE, a provider of natural catastrophe solutions and insights, has expanded its constellation by introducing four new synthetic aperture radar satellites.
E.design, an insurtech company affiliated with the Tokio Marine Group, has selected Guidewire Cloud to strengthen its core operations. Guidewire has also announced the release of its new cloud solution, Innsbruck.
In a recent report by Zurich Australia and Mandala Partners, it has been highlighted that nearly 40% of Australia’s energy generation assets are poised to face heightened risks from climate impacts in the coming decades.
Coalition has bolstered its footprint in the UK and announced the appointment of Gareth Machin as its inaugural Manchester-based underwriter.
Aon, a global leader in risk management, has announced the expansion of its Climate Risk Advisory function to encompass the firm’s Risk Capital capability.
The growing cyber threat to businesses globally has seen the insurance industry mobilise into action. Insurtech Insights explores the regulatory and technical minefield of the cyber insurance space
London-based Insurtech startup, Diesta, has successfully concluded its seed funding round, securing an impressive $1.9 million in capital.
Check out the latest issue of Insur.Tech.Talk, edited by Insurtech Insights USA President, Megan Kuczynski. This month features Unqork, Benekiva, Celent, JobsOhio and more
The insurer disclosed its Q3 2023 results, showcasing a net income of $219 million for the quarter. However, the overall performance for the first nine months of the year reflects a net loss of $441 million.
Amazon has launched a groundbreaking health care benefit for Prime members, providing exclusive access to high-quality care through One Medical, an Amazon subsidiary.
Root, the comprehensive digital insurance platform, has unveiled its inaugural strategic partnership in the UK with Connect, a subsidiary of leading insurer Admiral Group. The plan for the collaboration is to create an embedded insurance platform.
Digital insurance leader Lemonade, has announced it has surpassed the ‘two million active customers’ milestone.
Zurich Insurance Group has reported a robust financial performance in its first nine-month results, with property and casualty (P&C) insurance revenue witnessing a significant 9% year-on-year increase, reaching US$31.4 billion.
Allianz Commercial has issued a report highlighting a resurgence of ransomware and extortion claims, marking a shift from the relatively stable loss activity observed in the past two years.
Munich Re has delivered a strong set of results for the third quarter of 2023, with a net result of €1.2 billion and an improved combined ratio of 82% in its property and casualty (P&C) reinsurance business.
MetLife, Latin America’s leading life insurance company, has announced the launch of MetLife Xcelerator.
Lloyd’s has launched a comprehensive initiative aimed at fostering greater inclusivity and advancement opportunities for Black and ethnically diverse individuals, spanning from educational settings to corporate boardrooms.
International insurtech, bolttech, today announced a preferred partnership with French entrepreneur Xavier Niel’s NJJ telecom Group (NJJ) to provide device insurance for European mobile operators under its portfolio.
Otonomi, a leader in innovative supply chain risk technology, and Redkik, a leading embedded cargo insurance innovator, have united to revolutionise the approach logistics companies and shippers take to mitigate financial risks
Hippo Insurance CEO Rick McCathron has addressed the speculation regarding the Spinnaker Insurance sale, and its significance of Spinnaker within the Hippo portfolio.
Citizens Property Insurance Corporation, a prominent not-for-profit insurer based in Florida, is set to enhance its underwriting capabilities by adopting Verisk’s Aerial Imagery Analytics solution.
In response to ongoing reorganisation efforts, Hiscox has made the decision to reduce its workforce by approximately 10% in the United States.
Lemonade will hit profitability in the next 24 months, says the insurtech’s CEO, Daniel Schreiber, who also said the Israeli/American company was rallying, despite the geopolitical turmoil from the war in Gaza.
Global advisory firm Willis Towers Watson (WTW) has unveiled plans to establish the Asia Pacific Climate Risk Centre (ACRC) in Singapore.
Insly, a software provider specialising in low/no-code technology platforms, has successfully raised US$1.8 million in venture debt funding from Hambro Perks.
Westland Insurance has joined forces with insurtech BOXX Insurance to launch a cyber insurance product tailored for individuals and families.
Howden, the global insurance group, has named Enrico Bertagna as Managing Director to spearhead the Managing General Agent (MGA) division within its European reinsurance arm.
Qatar Insurance Company (QIC) has posted a robust financial performance, with Net Profits reaching QAR 453 million for the initial nine months of 2023.
Beazley has revealed a remarkable 9% growth in insurance written premiums, amounting to $4.3 billion during the first nine months of 2023.
Guidewire, a leading provider of insurance software solutions based in San Mateo, California, has announced that CNA has opted for Guidewire ClaimCenter and Guidewire PolicyCenter on Guidewire Cloud to drive its claims, policy administration, and underwriting operations
Leading cybersecurity firm Coalition has officially introduced its suite of Active Cyber Insurance products in the Australian market.
Marsh McLennan, a global professional services firm, has announced the immediate appointment of Susan Potter as Chief Commercial Officer for the United States and Canada.
Arthur J. Gallagher & Co. has successfully completed the acquisition of Keaney Insurance Brokers Ltd, a prominent commercial insurance broker headquartered in Dublin, Ireland.
Hadron, a hybrid insurer designed to boost the advancement of Managing General Underwriters (MGUs), has officially launched.
Paris-based insurtech Flitter has successfully secured €3.5 million in a recent funding round aimed at expanding its usage-based car insurance offerings.
CLARA Analytics has launched CLARAty.ai – a platform designed to transform the insurance claims process by enhancing the day-to-day operations of claims professionals through its holistic approach to claims intelligence.
Leading home insurer, Hippo, has reported robust performance in the third quarter of 2023, with a noteworthy 38% Year-over-Year (YoY) growth in Total Generated Premium (TGP), reaching US$303.7 million compared to $219.9 million in the corresponding period last year.
Global insurance group, Howden, has made a significant stride in expanding its Latin American reach with the acquisition of Contacto Corredores de Seguros S.A (Contacto), a prominent insurance broker in the Peruvian market.
The Travelers Companies, Inc. has announced its decision to acquire Corvus Insurance Holdings, Inc. for an approximate sum of $435 million.
The insurtech landscape experienced a significant milestone in the third quarter of 2023, surpassing the US$1.1 billion mark in new funding.
Swiss Re has announced a robust financial performance for the first nine months of 2023, reporting a net income of US$2.5 billion.
wefox has secured a substantial boost with $55 million in fresh funding from Deutsche Bank and UniCredit, according to reliable sources familiar with the deal as reported by CNBC.
Federato has unveiled a groundbreaking partnership with Google Cloud to integrate cutting-edge capabilities into its RiskOps underwriting platform.
Lemonade has revealed robust performance in the third quarter of 2023. The insurtech’s share price soared over 30% following the improved Q3 results and experts say the company will return to its long-term growth rate target of around 25% in 2024.
As Storm Ciaran continues to batter the UK, PwC UK has forecasted insurance losses stemming from Storm Babet, estimating the range to be between US$550-$800 Million.
Zurich Insurance Group has acquired a 51% stake in Kotak Mahindra General Insurance Company Limited.
Sachin Shah began his career as an electrical engineer, but discovered his passion for problem solving was the perfect fit for the insurance industry.
AXA has concluded the acquisition of Laya Healthcare Limited from Corebridge Financial, a prominent player in retirement solutions and insurance products within the United States.
Cowbell, the cyber insurance provider, has secured US$25 million in fresh funding in a round led by Prosperity7 Ventures, alongside contributions from both new and existing investors.
RenaissanceRe, a Bermuda-based reinsurer, has finalised the acquisition of Validus Re, the treaty reinsurance operation of global insurer AIG.
Next Insurance has raised US$265 million in a strategic investment round, marking a significant milestone for the insurtech company.
Atlanta-based Insurtech firm Layr has successfully secured US$10 million in funding round led by Cota Capital.
Berlin-based insurtech, wefox, is unveiling its latest brand claim: “wefox Empowering Insurance.” This new tagline signals the company’s distinctive role, emphasising that it goes beyond the conventional insurance realm.
Cyber insurance pricing has witnessed a 2% global decrease in the third quarter of 2023, marking the initial average downturn since the latter half of 2018, as reported by insurance broker and risk advisor Marsh, a subsidiary of Marsh McLennan.
Markel, the insurance arm of Markel Group Inc., has reinforced its leadership team in Australia through the strategic hiring of industry veterans
Generali has committed €250 million to its venture fund, Generali Ventures in a move to boost innovation in the insurtech and fintech sectors.
Generali Switzerland and HITS – House of Insurtech Switzerland have joined forces with the Swiss InsurTech Hub.
Sprout.ai, a leading insurtech specialising in claims automation, has successfully raised US$6.5 million in a funding round, with notable participation from venture capital investors Amadeus Capital Partners and Praetura Ventures.
Blink Parametric, a leading provider of parametric insurance solutions, has entered into a significant global agreement with MAWDY, a prominent insurance, reinsurance, and services company within the MAPFRE Group.
Shane Fitzsimons, the former Chief Financial Officer (CFO) of American International Group (AIG), has tragically passed away after leaving the global insurer earlier this year due to a medical leave of absence
WTW has announced a strategic collaboration with CSAA Insurance Group, leveraging WTW’s cutting-edge Radar software.
Previsico has officially gone live in New York with its advanced flood forecasting technology, aiming to mitigate future losses following the recent record flooding that impacted major infrastructure, including LaGuardia Airport and John F. Kennedy Airport.
LegalTech Nuvalaw, the claims resolution platform that facilitates the online negotiation and arbitration of P&C insurance claims, has raised US$3million in pre-series A financing.
In its 10th edition of the annual AXA Future Risks Report, global insurer AXA reveals a significant shift in perceived future risks, with artificial intelligence (AI) and data-related concerns entering the top 10 for the first time.
Global re/insurer AXA XL has announced the extension of Ecosystem access to clients within its Property & Casualty and Specialty insurance lines in North America.
Insurtech Insights sits down with Socotra’s Chief Business Officer, Ekine Akuiybo to find out why technology will address California and Florida’s current problems, and how AI fits into the whole equation
Massachusetts-based startup Boundless Rider has successfully raised US$4.25 million in a recent funding round, led by American Family Ventures.
Marsh McLennan, the US-based parent company of broking giant Marsh, has expressed its intention to delist its UK listings on the Financial Conduct Authority (FCA) and the London Stock Exchange (LSE).
MAPFRE has announced a series of strategic appointments as part of its efforts to streamline its organisational structure, and Miguel Ángel Rosa has been named the new Chief Executive Officer (CEO) of MAPFRE RE.
Home insurance giant Hippo Holdings has announced a substantial organisational realignment that necessitates a 20% workforce reduction.
October has seen a raft of incredible funding events across all sectors. From pre-seed to B rounds, millions of dollars of capital are being invested in this dynamic and scaling space.
Lloyd’s, the premier global marketplace for insurance and reinsurance, has disclosed updates to its Council membership subsequent to recent elections aimed at filling four vacancies.
Aon, the prominent insurance and reinsurance broking group, has recently named Mona Barnes as the Chief Claims Officer for the Global Broking Centre (GBC) & UK.
MAPFRE has reported an 11% growth in revenue and results during the first nine months of this year.
Agentsync has successfully raised US$50 million in its recent Series B funding round. Led by prominent investors, this substantial funding injection marks a pivotal moment in Agentsync’s journey to transform the insurance industry.
The Consolidated Appropriations Act of 2023, introduced earlier this month impacts all insurers in the US offering the latest data collecting devices.
UK-based insurance startup Assureful has successfully secured $1.5 million in a pre-seed funding round, with Markd leading the investment and Greenlight Re Innovations participating.
Guidewire has announced a new collaboration with EvolutionIQ as a new Solution partner on Guidewire PartnerConnect.
Upfort, a San Francisco-based cybersecurity and insurance provider, has successfully raised $8 million in a Series A funding round.
Goosehead Insurance has reported a substantial growth in total revenues for the third quarter of the year, reaching $71 million—an impressive 23% surge compared to the same period in 2022.
Insurtech firm DGTAL has introduced GRABBER, a cutting-edge Intelligent Document Processing tool, as part of its Software-as-a-Service (SaaS) platform specialising in AI-driven audit solutions for insurance portfolios.
Insurance infrastructure company, Boost Insurance has announced the launch of Boost Re, a new risk transfer platform as the latest component of Boost’s comprehensive insurance-as-a-service stack.
Nationwide has announced its partnership with Resideo Technologies – a global provider of Honeywell Home smart thermostats and First Alert solutions.
Kota, previously known as Yonder, has successfully concluded a US$5.2 million (€5M) Seed funding round, marking a significant milestone in its mission to streamline and automate insurance and retirement benefits for modern teams.
Chubb Limited has announced its outstanding third-quarter performance, revealing remarkable growth in key financial metrics.
Insurtech startup QuoteWell has raised US$15 million in its Series A round – an investment that will be used to expand and scale the startup.
Canopy Connect, the leading platform for collecting, verifying, and monitoring insurance information has announced the closing of a US$6.5 million Series A funding round.
Marsh has announced the launch of a groundbreaking initiative—the Marsh Specialty global cyber practice.
With a background in media marketing and business strategy, and driven by a passion for all things digital, Nellie Chan’s career trajectory has taken her on quite a journey. Insurtech Insights finds out more.
Novidea, a leading provider of born-in-the-cloud insurance management solutions, has announced a strategic partnership with QBE Canada, a key subsidiary of the globally renowned QBE Group.
Marsh McLennan, the global insurance broker, has revealed strategic leadership changes with the appointment of Beth Thurston as the new CEO of UK Risk Management and Hema Mistry as the CEO of UK Financial and Professional (FINPRO).
Shippo, the leading shipping platform for modern e-commerce, has joined forces with Cover Genius, the insurtech for embedded protection, to introduce Shippo Total Protection.
Global insurance group Howden has announced the completion two major acquisitions; the portfolio of United Brokers S.A. (United) and Belgium’s WDR Insurance Group BV (WDR).
UK Insurtech start-up Laka has successfully raised US$8 million in a recent funding round, led by the French mobility fund Shift4Good.
Singapore-based cyber risk management firm, Protos Labs, has triumphantly concluded its seed funding round, raising US $2.1 million (SGD $3 million).
AXA XL and the AXA Research Fund have joined forces with the Cambridge Centre for Risk Studies (CCRS) to address and mitigate systemic risks such as climate change, pandemics, cyber threats, geopolitical shifts, and financial crises.
Leading cloud-based customer communications management (CCM) solutions provider, Messagepoint, and prominent codeless platform, Unqork, have forged a partnership to empower life insurers in the pursuit of modernising customer experiences effortlessly, without the need for coding.
ClimateTech firm Previsico, renowned for its live flood alert solutions, has successfully concluded its latest funding round, marking a substantial increase in valuation compared to the previous round in August 2021.
The escalating inflation and surging healthcare costs in the United States are compelling a growing number of Americans to defer medical treatments and reconsider their health insurance options, according to a new survey carried out by Nationwide and the Harris Poll.
Bikmo, the insurtech company that provides coverage to Deliveroo’s fleet of bikes and e-bikes, has successfully secured US$4.1 million (£3.4 million) in funding.
Partnerships are driving disruption across the insurance industry with embedded products leading the way. Insurtech Insights caught up with Peter Smith, Vice President, Strategic Partnerships – Travel, EMEA for Cover Genius
Insurtech Israel has released the results of the Israeli InsurTech Accelerator programme, revealing a raft of achievements from the growing, startup industry.
International insurtech, bolttech, has announced its partnership with the Swedish telecommunications service provider, Three Sweden.
AXA XL Risk Consulting has launched AXA Immersive Solutions, a groundbreaking training solution that harnesses the power of Virtual Reality (VR) and Digital Twin technologies.
Chubb and cybersecurity leader SentinelOne have begun to streamline cyber risk management practices for U.S. and Canadian businesses, following their partnership announcement last month.
Veruna has announced the successful closure of its Series B fundraising round, raising a substantial $10 million.
Markel Group Inc.’s insurance arm, Markel, has revealed a strategic move with a 49% investment in Certa, a tax managing general agent (MGA).
Pioneering broker-centric Insurtech accelerator programme, BrokerTech Ventures (BTV), has announced results from its latest report of its accelerator startups, with their collective valuation approaching US$1 billion.
iink Payments, a digital payments network specialising in expediting fund disbursements related to multi-party property insurance claims, has successfully raised $12 million in a Series A financing round.
Aon has officially launched its Franchise Solutions programme in North America, leveraging cutting-edge technology from CoverWallet.
Solving big problems is a happy pastime for tech wizard, entrepreneur, and business strategist Anthony Peake. Insurtech Insights finds out more.
Insurtech Optalitix, a specialist data analytics solutions provider, has announced its new partnership with Hampden Risk Partners (HRP), a prominent Lloyd’s syndicate primarily supported by Hampden Agencies Limited.
Arity, a prominent mobility and data analytics company, has officially launched its Arity IQSM network and attributes dataset on Google Cloud’s data exchange platform, Analytics Hub – a platform that empowers auto insurers with enhanced pricing accuracy.
Xceedance, a leading global provider of strategic operations support, technology, and data services for insurance organisations, has officially launched its Centre of Excellence for Generative AI.
The World Life Insurance Report 2023, released today by the Capgemini Research Institute, reveals a looming challenge for the life insurance sector as it grapples with an anticipated $7.8 trillion wealth transfer to beneficiaries by 2040—the largest inter-generational wealth shift in history.
Munich Re has joined forces with International SOS, a leading health and security firm, to craft an integrated solution for epidemic and pandemic risk management policies.
The Rockefeller Foundation has unveiled a groundbreaking collaboration with the Nepal Economic Forum (NEF) and its industry ally, Himalayan Everest Insurance in a bid to tackle rising climate threats faced by vulnerable communities in Asia.
James Cowen, Chief Commercial Officer (CCO) at HUMN.ai, discusses how telematics is revolutionising risk management for fleet managers
Prove, a leading provider of digital identity solutions, has successfully concluded a funding round, raising $40 million. The funding round was led by MassMutual Ventures and Capital One Ventures.
CSE Insurance Group has officially declared its decision to gradually withdraw coverage from California, adding its name to the growing list of carriers exiting the state.
A recent report by Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, claims that up to 90% of insurers are at a disadvantage due to their current operating models, deemed inadequate to meet future business needs.
Lloyd’s has unveiled a startling assessment of the global economy’s vulnerability to a potential cyber attack, estimating a staggering $3.5 trillion in losses over a five-year period.
bolttech, the fast-growing international insurtech, today announced that it has acquired Digital Care, a leading embedded protection company based out of Poland.
Sophos, a global cybersecurity innovator, has unveiled its inaugural cyber insurance partnership in the UK, joining forces with Cowbell, a prominent provider of cyber insurance tailored for small and medium-sized enterprises (SMEs).
Lockton Re has entered into a long-term partnership with Supercede, a leading reinsurance technology provider, to refine its reinsurance data processing.
Aviva, the leading insurance provider in the UK, says its pricing strategies have been accelerated by 75%, following its partnership with pricing insurtech hyperexponential – and integration with its cutting-edge platform.
Commercial fleet insurance startup Nirvana Insurance has successfully raised $57 million in a Series B funding round.
In a strategic move, MetLife has partnered with Nayya, a startup dedicated to streamlining the selection and comprehension of employer-provided healthcare plans.
Superscript has announced a new partnered with TSB Bank to provide its small business banking customers with tailored, flexible business insurance.
Hub has announced the acquisition of AP Group, a comprehensive insurance agency specialising in coverage for dentists, oral surgeons, physicians, business professionals, and associations. Terms of the transaction were not disclosed.
Ecclesiastical, a specialist insurer, has joined forces with iprism to unveil a cutting-edge digital platform tailored to cater to the insurance needs of smaller not-for-profit organisations within the charity, education, and faith sectors.
Pantomath, a leading “data pipeline observability and traceability platform,” has raised US$14 million in its Series A funding round.
In a move aimed at broadening its footprint in the Canadian market, insurtech firm Accelerant has announced the acquisition of Omega Insurance Holdings, Inc. from Till Capital Ltd.
FINEOS has joined forces with Osara Health, a digital health platform founded by oncologists. The aim is to enhance the care experience for individuals grappling with cancer.
A recent investigation by Hiscox has uncovered a disturbing pattern of escalating cyber attacks on businesses, marking the fourth consecutive year of growth in such incidents.
Powell is slated to step into his role at WTW in early 2024, where he will report directly to Adam Garrard, the Global Head of Risk & Broking at the company.
Howden, the prominent UK insurance broker, has successfully secured £500 million in insurance capacity from a consortium of Lloyd’s of London firms.
In the first of a series of articles, Hossein Kakavand, Founder of Luther Systems, discusses the impact of Deep Process Automation and its impact on tasks and workflows
Slide Insurance, the comprehensive homeowners insurtech platform, has successfully acquired the renewal rights for 86,000 homeowners insurance policies in Florida from Farmers Insurance.
Raising capital in these challenging times is an impressive achievement. Insurtech Insights rounds up the latest investment events in Insurtech
In a groundbreaking collaboration, ICEYE, a leading provider of natural catastrophe solutions and insights, is joining forces with the European Space Agency (ESA) to pioneer the next generation of Earth Observation insights, with a focus on revolutionising disaster and crisis management from the unique perspective of space.
Bringing ever more effective solutions and innovations to the customer space is all in a day’s work for Lauren Liang of Swiss Re, who thrives on change and innovation.
Manulife has officially launched a US$1 million partnership with Kiva, the renowned global crowdfunding microlending platform, to encourage entrepreneurship in South Asian communuties.
In a strategic move to fortify its foothold in the Italian insurance market, Allianz has announced its agreement to acquire Tua Assicurazioni from Assicurazioni Generali.
Vellum Insurance, a cutting-edge provider of data and analytics solutions for the insurance and reinsurance sector, has emerged from stealth mode with a successful US$7 million seed funding round.
Lloyd’s has launched a groundbreaking systemic risk scenario, unveiling the potential worldwide economic consequences of extreme weather events leading to food and water shocks.
Ukraine has officially launched a data platform, developed with the support of Marsh McLennan, providing a robust tool for insurers, investors, and governments to assess war risks within the country.
American International Group (AIG) is undergoing a significant shift in its senior management within the general and international insurance divisions, positioning the company for future growth.
Scription, an emerging Insurtech company based in Alberta, has successfully concluded its recent funding round, securing an impressive US$2.5 million in capital.
Matic Insurance has successfully raised an additional US$20 million in an extension of its Series B funding round.
Cover Genius, the insurtech for embedded protection, has announced a new partnership with the leading BNPL fintech, Klarna
Egyptian startup Amenli has raised US$1 million in equity funding, to scale its North African operations.
Insurance broker WTW has unveiled its plan to realign its climate and Risk & Analytics capabilities under the unified leadership of Peter Carter.
Indian insurtech InsuranceDekho has announced the successful completion of its Series B funding round, raising an impressive US$60 million.
A new report from Swiss Re has found that China has leapt an incredible 10 places, according to the insurance giant’s index on digital adoption – documented in a new report from the Swiss Re Institute.
Health insurtech Bluezone has unveiled a groundbreaking partnership with Shepherds Friendly, a leading insurer.
In a major move addressing the escalating demand for embedded insurance solutions in the realm of device and appliance protection, Allianz Partners, a global leader in B2B2C insurance and assistance services, has announced a strategic partnership with bolttech, a renowned international insurtech.
British Columbia-based BCAA (British Columbia Automobile Association), renowned as BC’s premier choice for travel insurance, has partnered with Blink Parametric to introduce an unprecedented bundled parametric product suite.
Paris-based banking startup Lydia has joined forces with insurtech Qover to unveil an innovative travel insurance offering.
French insurtech firm Orus has secured €11 million in a successful Series A funding round, signalling its strategic move to deliver customisable insurance solutions tailored for Small and Medium-sized Businesses (SMBs) across Europe.
In a groundbreaking move, global re/insurance broker Aon has undertaken a significant transformation in its reinsurance claims processing, leveraging the advanced capabilities of the Appian Platform
Israel’s insurance industry is rallying together to assist resident populations and people returning to their country, as well as supporting their staff and operations, following the devastating attacks by Hamas on Saturday, say industry leaders.
In a shocking revelation, PhilHealth, the state health insurer of the Philippines, fell prey to a cyber attack due to the absence of cyber protection software, sparking urgent calls for a comprehensive cybersecurity audit.
Onsurity, a startup specialising in employee healthcare benefits, has successfully secured $24 million in its latest Series B funding round.
Arthur J. Gallagher & Co. has successfully completed the acquisition of The Coverage Pro, a prominent retail insurance broker specialising in construction for both commercial and personal lines clients across the state.
In a significant move to bolster its market presence, Getsafe, the innovative neo-insurer based in Germany, has successfully secured an agreement to acquire the German customer base of French insurtech company Luko.
In a strategic move to enhance customer convenience, bolttech Insurance, the Hong Kong-based general insurance arm of global insurtech company bolttech, has announced a groundbreaking partnership with renowned travel company Trip.com.
Coalition has expanded the availability of its comprehensive Executive Risks Insurance products by offering them on surplus lines paper.
This month already, we’ve seen a raft of impressive partnerships, not least, one that will revolutionise insurance and financial services across the African Continent. Check out our round-up of the latest industry collaborations.
Sanlam, Africa’s foremost non-banking financial services giant, and Allianz have entered into a strategic agreement that will provide financial and insurance services across 29 African countries.
Global Insurance Brokers (Global), one of the premier providers of risk management, insurance, and reinsurance broking services in India, has officially announced its acquisition by Aon plc.
EaseMyTrip.com, one of India’s largest online travel platforms, has announced its new partnership with embedded protection insurtech, Cover Genius.
In a recent announcement, PIB Group Ltd (PIB) has revealed the appointment of Zach Gray as the new CEO for the Specialty Division, while Steve Redgwell assumes the role of Chair.
Kita, a leading carbon insurance specialist and Lloyd’s of London coverholder, has joined forces with Puro.earth, an ICROA-backed carbon standard.
Breach Insurance, a Boston-based global insurance underwriter that provides insurance technology and regulated insurance products for the cryptocurrency market, has announced the launch of Crypto Shield Pro – an innovative crypto custody insurance policy for institutional clients of crypto custody solutions.
Majesco has announced that it ranked as the #1 leader in Quadrant Knowledge Solutions “SPARK Matrix: P&C Core Insurance Platform, 2023” and SPARK Matrix: Life Insurance Policy Administration System, 2023” reports.
SkyWatch, a leader in digital insurance has announced the strategic acquisition of Droneinsurance.com’s assets.
Insurance giant AXA has introduced its transformative “We Care” program, designed to provide unwavering support to its 110,000 employees worldwide at various stages of life and critical moments.
Akur8, the next generation insurance pricing solution powered by transparent machine learning, is excited to announce its Platinum sponsorship of the 2023 CAS Annual Meeting for the third year in a row.
Reserv, a frontrunner in AI-powered insurance claims processing, has successfully concluded its Series A funding round, securing $20 million to enhance its generative AI tools for claims data analysis.
Laura Kauther, Commercial Director at ELEMENT, discusses why ‘insurers’ will still thrive when the word ‘insurance’ is not relevant anymore.
wefox is stepping up its plans for profitable growth and global expansion with the appointment of Jonathan Wismer as its new Group Chief Financial Officer (CFO) effective 1 October 2023.
With a passion for technology and 25 years in the fintech space, Teo Blidarus, CEO and Co-Founder of FintechOS, is on a mission to make financial innovation available to all companies globally. Insurtech Insights caught up with him to find out more.
MGT Partners has initiated the launch of MGT Insurance through the acquisition of CM Select from Church Mutual, a prominent insurer of religious organisations in the US.
Leading insurance broker, WTW, has launched a new Specialised MGU, called Verita, that is strategically positioned to deliver tailor-made insurance solutions catering to real estate, hospitality and leisure.
wefox, one of the world’s leading insurtech, has been appointed as affinity insurance partner by WINDTRE, Italy’s leading telecommunications business.
Resilience, a leading cyber risk solution provider, has announced a substantial increase in its underwriting capacity, now extending up to US$12.1 million in cyber insurance coverage for clients in the United Kingdom and the European Union.
Cyber insurtech leader Coalition has announced a strategic partnership with MS&AD Insurance Group, the largest non-life insurer in Japan and across the ASEAN region, to provide cybersecurity monitoring solutions to small and medium-sized businesses (SMBs).
Insurtech startup Allium Data, Inc., has announced the conclusion of its pre-seed funding round, amassing a US$750,000 in financial backing.
Munich Re Green Tech Solutions has successfully completed the final certification of photovoltaic warranty insurance in collaboration with Sunova Solar, a leading global energy solutions company specialising in the design and manufacturing of clean renewable energy components.
Like most leading insurance experts, SCOR’s Rebecca Zhang had an inadvertent journey into the insurance business. She talks to Insurtech Insights about why versatile and highly sought-after actuarial skills help to forge strong partnerships.
BeSafe Group, a leading travel-insurtech company headquartered in Rome, has successfully closed a €3 million round in Series A funding.
Embedded auto insurance provider, Clearcover, has announced the expansion of its embedded insurance strategy through a bind-API integration with Goosehead Insurance, Inc., a rapidly growing, independent personal lines insurance agency.
Boost Insurance has announced a strategic partnership with Canopius US Insurance Holdings, Inc., a subsidiary of the Canopius Group.
Joel Agard, Zurich Insurance Group’s (Zurich) Group Head of Innovation, and Antony Elliott, Zurich’s Group Head of Digital R&D, are responsible for coordinating and managing one of the most respected accelerator programmes in the insurance industry globally – the Zurich Innovation Championship. Joanna England caught up with them to find out more.
Pibit.ai, an insuretech revolutionising commercial underwriting with AI automation, has announced its partnership with Guidewire’s Insurtech Vanguards programme, an initiative led by property and casualty (P&C) cloud platform provider, Guidewire (NYSE: GWRE), to help insurers learn about the newest insuretechs and how to best leverage them.
Parametric insurtech Blue Marble and global conglomerate Nestlé, have partnered to deliver weather insurance to coffee farmers in Indonesia.
CoverGo, a leader in the global Software as a Service (SaaS) no-code insurance core platform for health, property and casualty (P&C), and life, has secured a patent for its cutting-edge drag-and-drop product builder.
London-based Managing General Agent (MGA), Skyrisks Ltd., specialising in the advanced air mobility (AAM) sector, has marked its official launch, buoyed by a substantial investment and capacity support from Convex Group, a prominent specialty re/insurer.
Resistant AI, specialists in financial crime prevention harnessing the power of AI and machine learning, have announced a strategic partnership with Instabase, a leading unstructured data automation platform.
Root, the comprehensive digital insurance platform, has revealed its expansion plans for the UK and Europe following its latest funding success.
Atlanta-based company Safely has successfully secured $8 million in funding, with Highgate Technology Ventures leading the investment and participation from LAGO Innovation Fund.
In a swift response to potential concerns related to reinforced autoclaved aerated concrete (RAAC), AXA Commercial has harnessed the power of an advanced AI tool, significantly expediting its ability to identify affected customers.
The International Finance Corporation (IFC), a prominent global development institution with a focus on the private sector in emerging markets, has inked a monumental $3.5 billion credit insurance policy.
Velocity HoldCo, LLC, and Insight Risk Technologies LLC have finalised an agreement that sees Velocity acquiring a majority stake in Insight Risk.
Howden has introduced a fresh brand strategy while consolidating its global broking operations under a unified name.
In a strategic move, Generali has officially named Giulio Terzariol as the Chief Executive Officer of Insurance, a pivotal role that will encompass leadership across all insurance Business Units.
Previsico has announced the completion of its latest funding round, at a significantly higher valuation than the prior one in August 2021.
Haven Life, a digital life insurance agency based in New York and fully owned by MassMutual, is embarking on a strategic collaboration with Origin8cares, an entirely online insurance agency and network of licensed agents headquartered in Lake Oswego, Oregon.
HealthTech GRAIL has secured a coveted spot on Fortune’s 2023 Change the World List. This marks the ninth year of the prestigious list, which highlights companies making positive contributions to society through activities integral to their core business.
American International Group, Inc. (AIG) has announced the appointment of Patricia Walsh as its Executive Vice President and General Counsel, effective December 1, 2023. This decision underscores AIG’s commitment to bolstering its leadership team with seasoned professionals.
Measured Analytics and Insurance, a prominent cyber insurance Managing General Agency (MGA) based in the US, has introduced CyberGuard 2023, a state-of-the-art AI-driven cyber insurance product designed to fortify the cybersecurity defenses of Small and Midsize Enterprises (SMEs).
In a notable new development, Chief Financial Officer Giulio Terzariol of Allianz is reportedly poised to step down from his role within the German conglomerate to assume a key position at Italy’s largest insurer, Assicurazioni Generali.
At-Bay has announced the recent appointment of Kristie Felton as the insurtech’s new Head of Insurance.
On-demand insurance platform INSHUR has launched its insurance offering for on-demand livery drivers in Arizona, its second state in the US following its success in New York.
Heritage Insurance Company, headquartered in Tampa, Florida, has taken a significant step towards enhancing its claims operations by deploying Guidewire Software’s Guidewire ClaimCenter on Guidewire Cloud.
Helvetia, a prominent Swiss insurance company with a rich legacy of 160 years in the insurance sector, has selected Qover, a leading player in embedded insurance orchestration, as its strategic insurtech collaborator to revolutionise the European automotive insurance landscape.
Nationwide Insurance has announced its decision not to renew a substantial number of homeowners’ insurance policies in North Carolina, a move rooted in their deep-seated concerns regarding hurricane risks.
Gallagher Re has announced the appointment of Linda Purnama to spearhead its reinsurance arm in Indonesia, marking a significant move aimed at fortifying client relationships within the country.
Helios Underwriting, the Lloyd’s focused investment entity, has released its H1 2023 financial results, showcasing an impressive 28% surge in gross written premiums (GWP) to reach £160 million.
QBE North America, the global insurance leader helping customers solve unique risks, in partnership with Leading Cities, has unveiled the 10 finalists for the 2023 QBE AcceliCITY Resilience Challenge main track, along with the victors of the property tech track.
USAA, a leading financial services provider, has announced an expansion of its collaboration with Resideo Technologies, based in Scottsdale, Arizona, to bolster its commitment to safeguarding homes and optimising efficiency.
Aon plc has launched its cutting-edge insurance solution, FI Protect 360, in collaboration with esteemed London market insurers.
Fernride, a cutting-edge German startup based in Munich, has successfully raised an impressive $50 million in funding for its innovative self-driving trucks initiative.
Verisk has announced the launch of its latest update to the ISO Businessowners (BOP) programme and has added almost 160 new classifications to help insurers keep up with evolving risks.
Chubb has entered into a strategic partnership with SentinelOne, a frontrunner in the cybersecurity industry. The collaboration aims to revolutionise cyber risk management practices for businesses across the US.
Peppercorn, the conversational AI platform designed for the insurance sector, has partnered with Aurum Solutions, specialists in next-generation reconciliation software, to streamline their reconciliation processes.
International specialist insurer Hiscox has entered into an agreement to sell DirectAsia, its business operations in Singapore and Thailand predominantly providing motor insurance, to boost Thailand Holdings Limited, the parent of the Roojai group of companies.
Korean Re has unveiled its financial performance for the first half of 2023, revealing a robust net income of KRW 268.9 billion.
In a strategic move, SCOR has introduced significant changes to its senior leadership team by appointing Claudia Dill as the new Chief Operating Officer for the Group and Redmond Murphy has been named as the Deputy Chief Executive Officer for SCOR Life & Health.
Bold Penguin has forged a strategic partnership with NEXT Insurance, a leading technology-driven insurer specialising in small businesses, with the aim of enriching the range of coverage options available on the Bold Penguin Terminal.
Redline Underwriting, a Managing General Agent (MGA), has achieved official recognition as a Lloyd’s coverholder, marking a milestone in its ongoing expansion efforts.
Hexure, a leading provider of sales and regulatory automation solutions catering to the life and annuity sector, has officially completed the acquisition of Vive, an innovative startup specialising in quote and e-submission solutions for the life insurance industry.
Guidewire has announced that specialty P&C insurer RLI, a US-based specialty property and casualty (P&C) insurer, implemented Guidewire ClaimCenter on Guidewire Cloud to power its claim operations and enhance the claim experience for agents and policyholders.
PricewaterhouseCoopers (PwC) UK has unveiled a strategic alliance with Clearspeed Inc., a leading provider of voice analytics technology.
Arch Insurance (Bermuda), a specialty insurer and a member of the Arch Capital Group, is pleased to announce the appointment of Matthew Smith as its new Managing Director.
Allianz Versicherungs-AG has announced it is expanding its partnership with Fleetpool – one of the largest providers of car subscription models in the B2C and B2B2E sectors in Germany – in a targeted manner to usher in more ESG mobility offerings and support net zero regulations in Germany.
Arthur J. Gallagher & Co. has successfully acquired Hartley Cylke Pacific Insurance Services, Inc., a renowned retail insurance broker based in San Diego, California. The acquisition marks a significant development in Gallagher’s expansion strategy.
The offshore wind industry is on the brink of exponential growth, but both developers and insurers must navigate a complex web of challenges to ensure its successful expansion on a global scale, cautions Allianz in a recent report.
In a groundbreaking move, Mulberri, an innovative AI-driven embedded insurance startup, has unveiled its cutting-edge Certificate of Insurance (COI) platform.
MetLife UK, the protection and employee benefits provider, has appointed Charlotte Lade as Head of Customer Propositions reflecting the changing needs of the protection landscape and placing an even greater focus on delivering maximum customer value.
Global insurance leader Generali has joined forces with the United Nations Development Programme (UNDP) to launch the “Insurance Innovation Challenge Fund,” aimed at fostering innovative insurance solutions in Malaysia. This collaborative effort also marks the expansion of Generali’s flagship SME EnterPRIZE project into the Asian market.
Dawn Miller, the Commercial Director of Lloyd’s, delivered an impactful address to Lloyd’s participants and partners, where she lauded the Lloyd’s Lab for its remarkable contributions in elevating value within the global marketplace.
International insurance conglomerate Ageas has successfully concluded the sale of its French life insurance, savings, and pension business to La Mutuelle Epargne Retraite Prévoyance Carac (Carac).
J.P. Morgan, a leading global investment bank, has delivered an optimistic assessment of the European insurance sector, even in the face of its underperformance during the initial months of 2023.
Leading British insurer Aviva has announced that it has reached an agreement to purchase the UK life insurance business of American International Group (AIG) for a substantial sum of £460 million (US$563 million).
Ledgertech, an innovative insurtech company that has developed an advanced digital platform for creating embedded insurance products using cutting-edge technology, has partnered with Cellcom, a prominent telecommunications company, and Menora Mivtachim Group, a trusted insurance provider, to introduce a groundbreaking travel insurance product.
September has already seen a raft of impressive new partnerships being forged among insurtechs and incumbents alike. Read on to find out who is partnering with whom, and why.
Arthur J. Gallagher & Co has made a significant move to bolster its position in the competitive transportation market with the acquisition of Ace Commercial Insurance Center, based in California.
Sompo International has announced a strategic addition to its leadership team with the appointment of former Chubb executive Jérôme Gossé as the Head of Cyber Insurance for Continental Europe.
Markel, a prominent specialty insurer, and cutting-edge insurtech firm Cytora have unveiled the extraordinary outcomes of their collaborative effort, which have led to an astounding 113% increase in productivity (Gross Written Premium per Full-Time Equivalent) for Markel’s underwriting team.
Authentic, the turnkey insurance platform catering to vertical Software-as-a-Service (SaaS) enterprises, has successfully raised US$5.5 million in seed funding.
New York City, Washington DC, and Los Angeles are among the major US cities that have the highest chance of experiencing outbreaks of damaging civil unrest in the next 12 months, according to a new predictive data model released by Verisk’s global risk intelligence unit, Verisk Maplecroft.
BOXX Insurance has announced a strategic partnership with Nova Southeastern University (NSU) and the Alan B. Levan | NSU Broward Center of Innovation.
In a significant financial development, home insurance startup Openly has successfully raised $100 million in its latest Series D funding round, with Eden Global Partners spearheading the investment.
In the latest release of their 2023 Mid-Sized Company Risk Report, QBE North America has identified cyber attacks and financial risks as the foremost worries among mid-sized businesses operating in the United States.
Insurify has embarked on a multi-year collaboration with Santander Consumer USA Inc. (“Santander Consumer”), a leading player in auto finance.
Singapore-based insurtech leader, bolttech, has successfully raised $50 million in its latest Series B funding round, with impact investment firm LeapFrog Investments at the helm of this strategic investment.
Conduit Re, the global reinsurer headquartered in Bermuda, has embraced pricing decision intelligence (PDI) through its collaboration with hyperexponential.
In a significant financial move, Legal & General Assurance Society Limited has successfully closed a substantial £340 million buy-in agreement with the Cable and Wireless Superannuation Fund, safeguarding the retirement benefits of approximately 1,800 retirees and deferred members.
Coalition has released its 2023 Cyber Claims Report: Mid-year Update, which details the evolution of cyber trends during the first half of 2023.
Corvus Insurance, the leading cyber underwriter powered by a proprietary AI-driven cyber risk platform, today announced that it has expanded its relationship with Travelers, a leader in personal, business and specialty insurance.
New technologies are enabling businesses to predict a whole new spectrum of risks related to political instability, rioting, strikes, terrorism, warfare and more. Insurtech insights talks to Torbjorn Soltvedt, Principal Analyst at Verisk Maplecroft, to find out how.
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, on behalf of the Sustainable Markets Initiative’s Insurance Task Force, has announced a partnership with the United Nations Capital Development Fund (UNCDF) to scale insurance access for climate-vulnerable countries.
Lloyd’s Market Association (LMA) has unveiled its Environmental, Social, and Governance (ESG) Academy, meticulously crafted to cater to professionals entrenched within the Lloyd’s market and the broader global re/insurance sector.
Kayna, the Cork-based award-winning embedded insurance infrastructure platform, has closed a US$1.06 million pre-seed funding round.
European insurance giant Talanx has initiated a €300 million capital raising effort aimed at expanding its free float, a strategic move to bolster the liquidity of its shares and solidify its standing in equity indices.
SAP Fioneer, a leading global provider of financial services software solutions and platforms, has launched its first software solution for ESG data orchestration and calculation for portfolio and single exposure KPI.
Gallagher has revealed its plan to acquire Eastern Insurance Group, a subsidiary of Eastern Bank located in Natick, Massachusetts.
Transamerica has unveiled a significant strategic alliance with Bestow, marking a significant development in the insurance landscape
Sedgwick, a global leader in technology-enabled risk management, benefits, and integrated business solutions, has unveiled a new local capability framework tailored for Australia.
AKUR8 and Wüstenrot Gruppe have announced a new collaboration aimed at enhancing Wüstenrot’s pricing capabilities in Austria.
Redkik has announced it is joining forces with Lockton Companies, the world’s largest privately held insurance broker, in an exciting strategic partnership with McLeod Software.
In a recent undisclosed series funding round, cybersecurity insurance startup Stoïk has successfully raised $10.7 million, with contributions from both existing investors such as Alven and Andreessen Horowitz, as well as new backers, including Munich Re Ventures and Opera Tech Ventures.
London’s historic Lloyd’s underwriting room has once again swung open its doors to welcome face-to-face trading, marking the end of a 10-week closure for a comprehensive refurbishment.
NEXT Insurance, the prominent digital small business insurer, has unveiled a game-changing feature that empowers agents to finely customise coverage quotes, thus better serving the unique requirements of their small business clientele.
Planck has unveiled an innovative underwriting tool named Planck PLUS – a new platform that incorporates advanced Generative AI (GenAI) functionalities, marking a significant milestone in the evolution of underwriting processes.
Aon, a global leader in risk management and insurance, has officially become the first member of the International Emissions Trading Association (IETA) to possess risk capital capabilities.
Liberty Mutual Surety (LMS) has announced a significant agreement to acquire the House of Guarantees (HOGS), a prominent managing general agent headquartered in Oslo, Norway.
Insurify has forged a partnership with embedded insurance startup Fletch to introduce pet insurance to its platform.
Hollard has successfully expedited its operations with the adoption of the cloud-based Guidewire ClaimCenter. The insurer’s transition to this innovative platform has yielded promising results.
Hong Kong-based virtual insurer, Bowtie, has announced the successful conclusion of a Series B2 funding round, raising a substantial $34.9 million in capital.
From showroom sales to CEO, Sri Ramaswamy, Founder of Charlee.AI, talks to Insurtech Insights about her climb to the top and her passion for insurtech
Leading P&C insurtech Hippo has come under scrutiny, after a concerned shareholder group sent an open letter to the company’s board of directors.
Benekiva, a leading provider of innovative digital claims automation and optimisation solutions, proudly announces the appointment of Tony Diodato as its new Chief Revenue Officer.
Hub International Limited (HUB), a leading global insurance brokerage, announced today that it has successfully completed a substantial minority investment from Leonard Green & Partners, L.P. (LGP), along with several other prominent institutional minority investors.
In our latest insurtech investment funding round-up, we look at SEVEN companies that have raised significant amounts of capital that will drive their scaling strategies and disruption in the industry.
Beam Benefits, a trailblazing digital employee benefits company, announced today that it has successfully secured $40 million in funding.
Blackstone has launched a new restructuring effort, consolidating its corporate credit, asset-based finance, and insurance divisions into a unified entity known as Blackstone Credit & Insurance (BXCI).
As a Founder and former CFO with a background in economics, accounting and back ops digital technologies, Lisa Wardlaw has big ideas when it comes to implementing change in the industry
Chubb has today announced the launch of a new Lloyd’s of London consortium it will lead that is designed to provide insurance coverage for risks associated with the transit and storage of lithium batteries.
In a strategic move geared towards strengthening its renewable energy insurance services in Brazil, Tokio Marine, a major international specialty insurer, has forged a partnership with Clir Renewables (Clir), a global market intelligence platform specialising in wind and solar energy.
Cincom Systems®, a global leader in Customer Communications Management (CCM) solutions, has announced a strategic partnership with Socotra Inc.
Delos Insurance Solutions, a pioneering player in the insurance industry, has successfully concluding a seed extension funding round, amassing an impressive US$7.3 million in investments.
Insured Nomads, a startup specialising in health and travel protection, has partnered with Allianz Partners’ health division to boost advancements in the new, remote and hybrid workforce.
Lloyd’s has announced a new collaboration with Moody’s Analytics to develop a solution that will help to quantify greenhouse gas (GHG) emissions* across managing agents’ underwriting and investment portfolios.
Zurich Insurance Group’s Zurich Resilience Solutions has embarked on a strategic partnership with KPMG Switzerland, reinforcing their shared commitment to addressing the challenges posed by climate change.
Sally Wan has spent over 20 years in the insurance industry and has occupied a number of leading roles. Insurtech Insights caught up with her to find out which trends are driving growth in the Asian marketplace.
The direct-to-consumer home insurance company, Kin, has raised US$33 million in its Series D funding round extension.
Cowbell has announced its strategic partnership with leading solutions provider, Zywave.
Coalition, a cyber insurtech firm led by Joshua Motta, is in discussions to establish a new cyber reinsurance Managing General Agent (MGA) with a focus on writing third-party treaty business, The Insurer has reported.
Insurtech UK has today announced the appointment of its first-ever CEO, as it looks to drive forward its mission of transforming insurance through technology.
Cover Genius has partnered with Spirit Airlines to launch personalised embedded protection for international travellers, backed by a speedy claims process, for the first time.
Aon plc, a global professional services firm, has released research indicating an alarming 80% increase in losses related to severe thunderstorms, primarily driven by the growth in exposure to these events.
Moody’s RMS has unveiled its Cyber Industry Steering Group, aimed at spearheading industry initiatives to address the expansion of the global cyber insurance market.
Munich Re has collaborated with existing partner Boerse Stuttgart Digital – a European leader in crypto and digital business, to create a crypto staking insurance solution
Sompo International, a renowned player in the worldwide commercial and consumer property and casualty (re)insurance sector, has announced significant appointments within its North America Reinsurance leadership team.
Nomura has announced an equity investment into Prismic Life Reinsurance, Ltd. (Prismic), a licensed Class E Bermuda-based life and annuity reinsurance platform, alongside Prudential Financial, Inc. (US) (“PFI”), Warburg Pincus and other investors.
RiverStone International, the premier provider of legacy solutions in the Lloyd’s market, has inked a strategic agreement with members of the Catalina Group.
The MAPFRE Group has moved up in the 2022 ranking of Europe’s largest insurance groups, according to a report prepared by MAPFRE Economics and published by Fundación MAPFRE.
Private specialty insurance group, Coaction Global, has secured approximately US$200 million in a recent capital injection to propel its evolution into a comprehensive specialty insurance provider.
DGTAL, a pioneering insurtech specialising in AI-powered tools for insurance portfolios, has successfully secured US$3 million in strategic funding from various investors.
Munich Re, the global reinsurance leader, has unveiled plans to reinforce its capacity to confront the dynamic challenges of the market environment, as announced by Thomas Blunck, Member of the Board of Management.
Insurance leaders from Hannover Re and SCOR have commented on the rising price of risk, and the exclusions customers face in the current marketplace.
Inari, a Barcelona-based insurtech that provides core technology infrastructure for the global insurance and reinsurance sectors, has raised US$5.2 million in funding through a seed round led by Caixa Capital Risc in partnership with Criteria Venture Tech.
The latest data from Swiss Re suggests the non-life reinsurance sector will continue to see growth, as insurers proactively anticipate and manage risks to catastrophic events.
CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, today announced its $24 million Series C funding, bringing its total funding to $60 million.
In a bold move towards combatting climate change, Allianz has unveiled its comprehensive net-zero transition plan.
Cowbell has announced a new integration with Cloudflare, the security, performance, and reliability company helping to build a better Internet.
Cover Genius has announced a partnership with SKY Airline, a Chilean low-cost airline with flights to over 40 destinations across the Americas, to offer customers in Latin America comprehensive travel protection.
The global modeled insured average annual loss from natural catastrophes is $133 billion, a new high captured in the latest analysis using Verisk’s extreme event solutions models.
Guy Carpenter, a leading global risk and reinsurance specialist, has introduced the latest iteration of its catastrophe analytics platform, GC AdvantagePoint.
Catching the interest of an investor is a hard task in these times. But many companies are still attracting successful funding events. Insurtech Insights talks to investors and insurtech startups to find out what makes a startup an attractive investment prospect.
Roots Automation, creator of AI-powered Digital Coworkers, has announced that the company has joined Guidewire’s Insurtech Vanguards programme, an initiative led by property and casualty (P&C) cloud platform provider Guidewire.
YuLife, the tech-driven financial force, has partnered with renowned health provider, Bupa, to expand its insurance offerings, reinforcing its commitment to enhancing business health provisions in the UK.
Partners Life, one of New Zealand’s largest private life and health insurance companies, has become the first insurer to successfully launch medical claims on the FINEOS Platform, as outlined in a new case study.
Insurity, a provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has unveiled Circ, its cutting-edge regulatory solution designed to monitor, analyse, interpret, and execute regulatory modifications.
Verisk Maplecroft, the risk intelligence business arm of Verisk, has launched a new predictive strikes, riots, and civil commotion (SRCC) data model, providing forecasts for thousands of global locations on the potential for damaging civil unrest events to emerge.
The world’s leading marketplace for insurance and reinsurance, Lloyd’s, commanded gross written premium of £29.3 billion in H1 2023, up 21.9% from £24 billion in the same period in 2022.
SME cyber insurance provider Cowbell, will expand its offerings in the UK with the launch of its AI-powered standalone cyber insurance programme – Cowbell Prime One.
In a groundbreaking partnership, the International Federation of Red Cross and Red Crescent Societies (IFRC), along with Aon, Lloyd’s Disaster Risk Facility, and the Centre for Disaster Protection, has unveiled a revolutionary financial tool aimed at transforming disaster response efforts.
ACORD, the standards-setting body for the global insurance industry, today announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate the efficient exchange of insurance data.
Lloyd’s, the world’s leading marketplace for commercial, corporate and speciality risk solutions, today announces the 12 teams that will join the 11th cohort of the Lloyd’s Lab, the InsurTech accelerator hub for developing innovative insurance products in the Lloyd’s market.
FINEOS Corporation (ASX:FCL), the global leader of group and individual core software for life, accident and health insurance, announced today that Insurance and Care New South Wales (icare) will move its Dust Diseases Care Scheme to the FINEOS Platform.
Bluevine has announced expanded FDIC insurance coverage of up to US$3 million through Coastal Community Bank, Member FDIC, and program banks in a sweep network, automatically offering Bluevine account holders coverage of up to 12x the industry standard of $250,000.
Qover, a leader in embedded insurance orchestration, has recently achieved a significant milestone by securing full authorisation from the FCA.
Akur8 has joined forces with SGI CANADA, to boost their insurance pricing process, by leveraging Akur8’s RISK module for P&C lines.
Insurance Premium Tax receipts have risen by over a quarter in past year as £2.76 billion was collected in first four months of the financial year, 27% higher than same point last year.
Aon plc has appointed former Munich Re and Zurich Insurance executive Vincent Banton as the head of Construction and Infrastructure for the Asian market.
The MAPFRE Group is the top international insurance group operating in Latin America, with US$9.229 billion in premiums and a 5.3% market share.
LifeSearch, one of the UK’s leading, independent protection specialists, has made two senior appointments as it drives forward its ambition to grow the protection market and deliver innovative protection to untapped and underserved customer markets.
Chubb, the world’s largest publicly traded property and casualty insurance company, announced the appointment of George N. Nikolaou as head of Chubb Business Services EMEA in Thessaloniki, Greece.
Despite all the bad news on the backs of wildfires and hurricanes, commercial property insurance is a market that is thriving globally in the face of adversity, with The Hartford, Next Insurance, Obie, Hiscox and Nationwide, leading the industry in growth.
Banking Circle, the Payments Bank for the new economy, is strengthening its presence in Spain with membership of the Spanish Association of FinTech & InsurTech (AEFI).
Moody’s Investors Service has indicated that reinsurance prices are poised to experience further upward momentum across all sectors in the year 2024, continuing the trend observed in recent times.
Nia Batten, Head of Cloud and Platforms at esynergy, discusses the escalating costs incurred to companies still reliant on legacy systems
In another significant development impacting California’s beleaguered homeowners’ insurance market, USAA looks set to curtail its operations within the state.
Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Idalia will range from US$2.5 billion to $4 billion.
Akur8, the trailblazing insurance pricing solution powered by Transparent AI, has successfully concluded a new funding round, securing an impressive $25 million in investment.
In a stark warning, Swiss Re, the renowned reinsurance giant, has raised concerns about the seismic risk in Japan, particularly in its densely populated capital, Tokyo, despite significant strides in structural resilience over the past century.
Aon has joined forces with Rubrik, a leading company specialising in Zero Trust Data Security, to enhance businesses’ ability to maintain cyber resilience in the face of modern threats.
eazley, the leading specialist insurer, has partnered with Sola Technologies and Spinnaker Insurance Company to provide the first admitted parametric tornado disaster benefit insurance for homeowners.
AXA XL today announced that Lucy Pilko has been appointed Chief Executive Officer for the Americas region of its insurance operations, effective October 30, 2023.
Prudential, one of the industry’s giants, has unveiled an ambitious strategy for growth and increased shareholder dividends.
Specialist insurer Apollo has teamed up with algorithmic underwriting insurtech Artificial Labs to introduce an ingenious smart follow collaboration.
Clark UK, the UK’s fastest-growing life insurance and protection business, has announced the appointment of Joshua Sargent as its new CEO.
Global data and analytics provider Verisk, has announced the launch of its new ClaimSearch system in Israel to combat rising fraud.
The AI-driven processing platform Cytora has announced its partnership integration with the property insights provider, CAPE Analytics, to enhance commercial property risk assessment.
The insurance industry, notorious for its sluggish approach to innovation, has clung to static, paper-based documentation for over 300 years, despite advancements in technology
The insurance industry, notorious for its sluggish approach to innovation, has clung to static, paper-based documentation for over 300 years, despite advancements in technology
The State of Ohio has launched two new VC funds designed to support technology-based companies as part of a drive to support growth to Diversity, Equality and Inclusion driven companies in the Silicon Heartland.
China Re, the leading reinsurance company in China, has announced a noteworthy achievement of a net profit amounting to RMB 2.067 million in the first half of 2023.
Planitar Inc., the creators of iGUIDE, and Verisk have announced a strategic integration aimed at accelerating the insurance industry’s claims process.
Reask, a leading science and technology firm focused on the financial impact of extreme weather, today announces its partnership with Geosite, a world-leading geospatial data aggregator for underwriting and claims management.
Direct Line, having weathered challenges in recent years, has enlisted the expertise of respected Aviva executive Adam Winslow to spearhead its transformation.
Howden-owned Aston Lark has announced the acquisition of Curtis Marine, a Plymouth-based marine insurance broker.
In a recent report titled “Global Cyber Insurance: Reinsurance Remains Key To Growth,” S&P Global Ratings (S&P) highlights the pivotal role of reinsurance in driving the burgeoning cyber insurance market.
In our latest instalment ‘How to Innovate Faster’ in collaboration with FintechOS, we spoke to AXA XL’s SVP and Head of Innovation, Americas for AXA XL, Rose Hall.
Zurich Insurance will empower insurtech startups in the Middle East via the 9th Edition of the DIFC Innovation Hub’s FinTech Accelerator Programme
AXA Life & Health Reinsurance Solutions has partnered with Verisk and its Health Risk Rating Tool and Ratings Engine to help its insurance partners in Egypt automate health insurance underwriting based on the declared pre-existing medical conditions of their customers.
CLARA Analytics has forged a collaboration with Amazon to introduce a novel initiative aimed at enhancing solutions for compensation claims concerning the workforce of the tech giant.
Cover Genius has announced the appointment of David Rudow as its new Chief Financial Officer (CFO) as part of its strategy to drive the next stage of growth.
News regarding the future of funding is consistently gloomy, but insurtech startups and more established insurance companies are still winning new investment. Insurtech Insights has rounded up some of the biggest investment events to have taken place this month.
Paul Donnelly, EVP, EMEA at FINEOS, unpicks the EU’s Digital Operations Resilience Act (DORA) to demystify the latest regulatory changes for the insurance industry
Azuga, a global leader in fleet telematics, has launched its Collision Reconstruction solution, a telematics-integrated accident analysis tool.
As MGAs gain ground in 2023, Insurtech Insights looks at three drivers motivating change in the marketplace
Newfront, the tech-driven insurance brokerage firm based in San Francisco, has introduced a powerful Total Rewards dashboard.
SpyCloud, a leading force in operationalising identity analytics for automating digital identity protection, has secured US$110 million in its latest funding drive.
Irys Insurtech, Inc. has successfully concluded a seed funding round, amassing an impressive US$3.5 million.
Redkik has pioneered a Next-Generation Cargo Insurance with that operates via a groundbreaking insurtech solution integration with Uber Freight
Zurich Insurance Group’s global headquarters, Quai Zurich Campus at Mythenquai, has been awarded WELL Platinum status, positioning the insurer as one of Europe’s pioneering companies to attain the distinction.
Stubben Edge Group has announced that careless™ insurance has joined as the latest member of its Appointed Representative Network
Velocity Risk Underwriters, a catastrophe-focused property insurance hybrid managing general agency (MGA), has implemented Guidewire InsuranceNow to launch new products to meet changing market demands, grow its business, and deliver more value to its producers, brokers, and customers.
CLARA Analytics and ClaimDeck have formed a strategic partnership to help carriers manage their litigation rates and drive better legal outcomes.
SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has announced the launch of AcceleRate, a new accelerated underwriting experience that distribution partners and customers can count on for speed, reliability and convenience as well as improved rates on term and whole life insurance products.
NOW Insurance, a full-stack, AI-enabled commercial insurance platform specialising in medical professional liability coverage, has announced an investment from a subsidiary of Arch Capital Group Ltd. and a managing general agent partnership with Arch Insurance North America.
India-based Square Insurance Brokers, a firm authorised by IRDA under the Insurance Brokers Regulations of 2002, has just added another feather to its cap.
Clearcover, a next-generation car insurance company, today announces the launch of “Choice,” its embedded insurance solution that provides a customisable end-to-end auto insurance integration for brands.
World Insurance Associates LLC (“World”) has announced that Goldman Sachs Asset Management (“Goldman Sachs”), through its Private Equity and Hybrid Capital teams, have entered into a definitive agreement to make a major investment of more than US$1 billion in the company.
Munich Reinsurance Company holds onto the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2022, followed again by Swiss Re Ltd.
Marsh has announced its intent to acquire Honan Insurance Group, a distinguished insurance broker known for its proficiency in corporate risk, employee benefits, as well as strata and real estate insurance solutions.
Chubb has announced the appointment of Janice Mo as the Country President overseeing general insurance in Korea.
Socotra, the leading provider of modern, cloud-based technology for insurers worldwide, announced today that Sonny Patel has joined the company in the role of Chief Product and Technology Officer.
Hannover Re, Munich Re, SCOR SE, and Swiss Re have unveiled resilient financial results for the first half of 2023, according to a recent report titled “European Reinsurers: 1H23 Results” by Fitch Ratings.
Last month, the US Securities and Exchange Commission (SEC) implemented regulations that mandate public enterprises to divulge any cybersecurity breaches with potential impacts on their financial standings within a four-day window.
Cyber insurance is now a priority expense for any reputable business. Insurtech Insights lists 10 companies disrupting space and driving growth in the sector
CyRisk, a leading player in cyber management and data analytics, has made a significant announcement regarding its enrolment in Munich Re Specialty’s respected Reflex Cyber Risk Management programme.
The global reinsurance sector has marked a return to underwriting profitability in the past year, although a circumspect attitude towards property casualty risks persists, according to analysis by AM Best.
Allianz Asia Pacific has released its financial performance for the first half of 2023, highlighting impressive growth across its regional operations.
Venteur, the digital health startup helping companies provide personalised health insurance options to their employees, has closed a seed funding round at $7.6 million.
Unqork, the leading Codeless as a Service platform, has announced the availability of the Unqork platform on Google Cloud Marketplace.
Charles Taylor InsureTech, a leading provider of technological solutions for the global insurance market, introduces the new version of InHub, a native cloud platform specialised in insurance.
The Liberty Company, a prominent property/casualty insurance broker headquartered in Florida and renowned as one of the largest in the nation, has triumphantly unveiled its accomplishment in securing a substantial US$340 million funding injection.
Megan Bingham-Walker, CEO and Co-Founder of Anansi explores the opportunities embedded insurance offers e-commerce and the retailer
Oka has announced its new partnership with carbon data firm Sylvera. The collaboration will enable Oka to hone its market-leading carbon insurance solutions by integrating its modeling capabilities with Sylvera’s sophisticated carbon project assessment data.
Check out the latest issue of Insu.Tech.Talks, edited by Insurtech Insights President, US, Megan Kuczynski
Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced it has secured the #23 spot in the Software Report Top 100 Software Companies of 2023.
CLARA Analytics (“CLARA”), a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, announces extended capabilities that empower insurance carriers to extract critical information from legal demand documents.
FINEOS has impressively clinched a $40m investment to fortify its financial foundation in its latest funding drive.
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced today that Aktia Life, one of Finland’s top life insurers with approximately 100,000 customers, has chosen Sapiens as their partner to lead their core system transformation via Sapiens CoreSuite for Life and Pensions.
Harford Mutual Insurance Group has announced that it has received final approval from the Maryland Insurance Administration of the Merger Agreement with ClearPath Mutual Insurance Company (“ClearPath Mutual”), a monoline workers’ compensation carrier headquartered in Louisville, Kentucky.
McKenzie Intelligence Services (MIS), a leading provider of geospatial intelligence to (re)insurers, announces it is piloting CAT360, an initiative in which ground-level imagery is introduced to MIS’ Global Events Observer (GEO) platform, in addition to the already provided satellite and aerial imagery.
Australian insurtech unicorn, SafetyCulture has recently announced its raised US$21.7 million in funding in a round led by Morpheus Ventures, Marbruck Investments and Index Ventures.
Hippo has made the unexpected decision to temporarily halt all new business activities across the entire country.
Ten leading brokers have successfully integrated into Placing Platform Limited’s (PPL) Next Gen risk placement platform, including Marsh, Aon and WTW. Additionally, McGill & Partners and Guy Carpenter have recently adopted the platform.
Leading Auto insurance provider Admiral has lost 380,000 customers over the past year as a result of rising premiums, executives have revealed.
Superscript today announces the appointment of Chris Barclay as Chief Commercial Officer and Tim Joslyn as Chief Technology and Operations Officer.
For the third year in a row, Humana has ranked number one among health insurers for customer experience (CX) by Forrester*. Humana has held the title of Industry Leader for Health Insurers in the Forrester CX Index since 2021.
Legal & General (L&G) has announced a “resilient financial performance” in Q1 and 2 of 2023, achieving operating and after-tax profits of £941 million and £316 million respectively.
International General Insurance Holdings Ltd. (IGI) has released details of its net income, showing that in Q2, figures increased 84.1% to $40.5 million, with a combined ratio of 73.5%.
Zurich Resilience Solutions (ZRS), a global provider of Risk Engineering, mitigation and resilience-building services, has expanded its Sustainability Services team in the US, adding expertise and capacity to help customers identify and manage environmental, social and governance (ESG)-related risks.
Aviva Plc has announced strong results with a strong first half, with profitable growth across the Group, with Group operating profits‡ up 8% and Solvency II own funds generation‡ up 26%
Contingent business interruption risk has dethroned cyber risks as the top risk agenda for Asia’s technology companies, according to the latest study.
Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, has partnered with Web Connectivity Limited (WCL), a Zywave company, a provider of ACORD standards-based solutions for the commercial insurance industry.
Two leading insurtechs from Asia have been selected as part of the Top 50 List compiled by CB Insights.
The Demex Group, a tech-driven managing general agent (MGA), has successfully raised $5 million from a consortium of both existing and new investors, led by Blue Bear Capital.
SES Risk Solutions has announced that QUBIE has been selected as “Home Insurance Innovation Of The Year” in the annual PropTech Breakthrough Awards program.
New research released today by next-generation healthcare SaaS company HealthEdge reveals that only 45% of healthcare consumers are fully satisfied with their health insurance.
Aon’s broker, White Rock Insurance (SAC) Ltd. has demanded US$136.7 million to be returned from troubled insurtech Vesttoo.
Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, has acquired SpearTip, a cyber counterintelligence firm that helps protect clients against cyber threats through proactive and response services.
On-demand insurance platform INSHUR has appointed Chris Wells as President of its fully owned Third-Party Administrator (TPA), Genoteq Claims Investigations.
The Berlin-based insurtech startup SureIn has closed a €4M Seed round for its mission to provide end-to-end insurance solutions to small and medium-sized businesses (SMBs).
We take a look at 10 new strategic partnerships that are driving change in the insurance industry this quarter.
European insurance group Talanx has announced its financials for the first half of 2023, revealing a group net income of €827 million, an uptick of 21% and is the best half year result for the group in its history.
Duck Creek Technologies India LLP, a subsidiary of the renowned Duck Creek Technologies, has set its sights on the thriving Indian general insurance sector.
Aviva has underlined its sustainability commitments by expanding its underwriting appetite to include engineered timber1 in commercial developments.
A shocking surge of 50% in home insurance premiums within high-risk regions across Australia has been brought to light, with climate change-induced disasters being identified as the main driver behind this staggering increase, reports the UK’s Guardian Newspaper.
Nubank, one of the world’s largest digital financial services platforms, launched Nubank Lar Seguro, a home insurance offering, in partnership with Chubb, the world’s largest publicly traded property and casualty insurer. Nubank Lar Seguro will become available to eligible customers in Brazil over the next few months.
Waterdrop Inc., a leading technology platform focused on insurance and healthcare services, recently introduced an innovative digital intelligence-powered risk management approach at the 2023 Inslab Insurance Technology Festival in Zhejiang province, China
Nuveen and Nuveen Green Capital have launched a new fund, which has started with $525 million from six major insurance companies.
While the industry buzzes about the potential impact of generative AI, Planck customers are already experiencing the benefits
Inszone Insurance Services has announced the acquisition of Speck Insurance and Financial Services.
Chubb has announced the return of industry veteran Will Field to its offices as head of casualty for Asia, effective Q1 2024.
Quility, a leading insurtech company, today announced a significant investment from F&G Annuities & Life, Inc. (“F&G”) for a minority stake in Quility.
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