We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
The significant outage linked to IT giant Microsoft has caused widespread disruption, affecting banks, airlines, train companies, and media organisations – with dramatic implications for the global insurance industry as businesses worldwide report significant disruptions.
The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that industry insured losses to onshore property from wind in the U.S. due to Hurricane Beryl will range between USD 2 billion and USD 3 billion.
Safe-Guard Products has announced a new investment from Hellman & Friedman, a private equity firm. Founded in 1992 and based in Georgia, Safe-Guard Products is a provider of third-party private label finance and insurance protection products for the automotive, RV, marine, and powersports industries.
AEGIS London, the London-based Lloyd’s syndicate, has established a new data science and analytics team to enhance its underwriting capabilities and data-driven initiatives.
Juno – the first company in the US to provide child disability insurance closes US$8.5 million Series A funding to expand reach of new core employee benefit
This year’s Giveback marks more than $10 million donated to 86 organisations since inception, impacting millions of people globally.
Juniper Re, the reinsurance broking arm and subsidiary of The Baldwin Group, has announced a strategic collaboration with CAPE Analytics to deliver portfolio-improving property risk insights to its clients, as well as a differentiated view of the reinsurance market.
Everest Group, the Bermuda-based (re)insurer, has unveiled a new structure for its alternative reinsurance capital business, transforming it into a multi-vehicle capital management platform through the launch of Mt. Logan Capital Management, Ltd. (MLCM).
In our latest series, MEET THE FOUNDER, we speak to former British Army Officer (Intelligence Corp) turned insurtech entrepreneur, Forbes McKenzie, who is a trailblazer in space and intelligence technology for the financial services and insurance industry.
Embroker, a US digital insurance company, has launched a bespoke insurance programme for real estate agents and brokers.
Plum, one of India’s leading insurtech platforms, has today launched Plum Perks, a comprehensively curated suite for healthcare and wellness benefits for employees.
Five Sigma, a leading AI claims management software company, has announced the launch of “Clive™”, the insurance industry’s first AI-powered Insurance Adjustment Agent.
FM Global has announced a rebranding and will now be known as “FM.” The change underscores the company’s growth and dedication to protecting its clients from business risks.
Simply Business, a leading digital insurance broker focusing on small businesses, has today announced it is partnering with EMPLOYERS, a leading provider of workers’ compensation insurance.
Coalition has announced the launch of a new Security Awareness Training, aimed at providing small businesses with cybersecurity training and process automation. The training will simplify the rollout of security training by IT, monitor performance, and track compliance.
EPIC Insurance Brokers and Consultants has completed the acquisition of US-based Century Insurance Group for an undisclosed sum.
Priceline, a pioneer in online travel services, has teamed up with Cover Genius, a leading insurtech provider, to roll out advanced travel protection solutions across North America.
Ushur, an insurtech specialising in AI-powered customer experience automation, has announced the launch of a new pre-built automation solution.
London-based Cuvva, which offers short term car insurance, has shared its financial results for 2023, ending the year with a profit for the first time.
German insurer Allianz announced on Wednesday that it plans to buy a majority stake in Singapore’s Income Insurance for around $1.6 billion, as it seeks to strengthen its position in Asia.
The increasing prevalence of cyber warfare and nation-state attacks poses significant risks in 2024 and policies must evolve to address these issues, according to a new industry report by Flow.
Cytora, the leading digital risk processing company, has announced it is partnering with Gamma Risk, a global provider of location intelligence systems and services.
Insurity, a leading provider of cloud software for insurance carriers, brokers, and managing general agents (MGAs), has announced the launch of the Insurity Interaction Platform, powered by Glia.
Bold Penguin, the insurtech software specialist, has announced the addition of certain capacity offered through RT Specialty, a leading wholesale distributor of commercial excess and surplus (E&S) insurance products and services, to their Terminal carrier panel.
Akur8, a next-generation insurance pricing solution powered by transparent machine learning, has announced a new partnership with Millennial Specialty Insurance, LLC (MSI), one of the largest non-carrier-affiliated managing general agencies in the United States.
Artex Risk Solutions, a subsidiary of Gallagher, has introduced its first Vermont Protected Cell Company (PCC).
QBE Insurance has launched a new product, QCyberProtect, a comprehensive and globally streamlined cyber policy designed to bolster cyber resilience for clients worldwide.
Female insurance leaders Sabrina Hart, Margot Giles and Casey Kempton discussed the challenges surrounding promotions and fundraising for women in the insurance industry, during the recent Women’s Leadership Congress at Insurtech Insights USA 2024.
GCube Insurance, a specialist underwriter in the renewables sector, has announced the establishment of a new consortium designed to provide battery energy storage system (BESS) developers and asset owners with up to $100 million of “A-Rated” Insurance Capacity.
Lemonade, the digital AI-driven insurtech company, has announced the launch of a new Buildings and Contents Insurance policy in the United Kingdom.
Kennedys IQ and Vested Impact have announced a partnership to advance the use of ESG data in the insurance industry. This collaboration addresses the growing need for integrating external data to support underwriting, claims, and risk and compliance functions, as well as corporate supply chain management.
Insurtech funding in Latin America plummeted to a historic low of $26 million in the first half of 2024, representing a sharp 78% decline compared to the same period in 2023. Over the 12 months from July 2023 to June 2024, the total funding reached $43 million, marking the lowest figure on record.
ICE InsureTech, the Insurance Software Platform, has announced a partnership with GoCardless, the bank payment company, to streamline insurance payments in Australia and New Zealand.
Despite geopolitical tensions and heightened inflation in recent years, major economies have demonstrated unexpected resilience. According to Swiss Re Institute’s annual World Insurance sigma report, global GDP growth is forecasted to reach 2.7% in real terms in 2024, setting a promising stage for growth and increased profitability in the insurance sector.
Insuritas, the insurance distribution platform, has announced a partnership with Integral Group Solution (IGS), a company specialising in providing value-added assistance programmes.
Aviva has managed to strengthen its exposure management capabilities through a partnership with Symfos. By using their software solution, Orchestra, the company has improved its ability to visualise risks and automate data processing.
Guy Carpenter, the reinsurance broker, is launching a new parametric flood product, FloodShield, designed to enable risk transfer for large portfolios of exposure across wide areas.
Quotech, the underwriter-led developer of integrated technology solutions for underwriting and broking teams, has announced a partnership with the industry-owned Oasis Loss Modelling Framework.
The Agencia Española de Cooperación Internacional para el Desarrollo (AECID) has announced an investment of €25 million in management agency Mundi Ventures, agreeing that the funding will be allocated to insurtech startups and parallel sectors aiming to improve and digitise the insurance sector.
SageSure, a leading managing general underwriter specialising in catastrophe-exposed markets, alongside Anchor Re, a captive reinsurance vehicle, and SureChoice Underwriters Reciprocal Exchange (SURE), has announced the successful closing of the Gateway Re 2024-4 county-weighted wind cover catastrophe bond at $60 million.
Tokio Marine has announced a partnership with carbon credit insurtech specialist Kita to provide Political Risk Insurance for developers and investors in carbon credit projects.
Pool Re, the British government-backed terrorism reinsurer, has announced a partnership with Clearwater Analytics, a SaaS-led provider of investment management, accounting, reporting, and analytics solutions.
In today’s fast-paced work environment, sleep and wellbeing often take a backseat to productivity and performance. However, the impact of poor sleep on health, safety, and overall job performance cannot be overstated.
US carbon-credit insurance carrier Oka and Socotra, a provider of modern policy administration systems, have announced a strategic partnership aimed at enhancing insurance solutions for the carbon markets and scaling climate initiatives.
In this latest Thought Leadership article, Ross Sinclair, Founder and CEO of EIP explores the history of embedded insurance services and why some ‘innovative’ new ways of offering such solutions are falling short of the mark.
Radian Group has announced a partnership with real estate data and technology company BatchService to provide BatchService’s community of real estate investors and other customers access to its title and home closing platform, titlegenius.
Tesla has been granted additional time to prepare for a lawsuit filed by a customer representing drivers in eleven U.S. states, alleging the company overcharged for insurance through false crash warnings.
Allianz Partners has been chosen by the Paris 2024 Organising Committee to provide medical assistance and repatriation services during the upcoming Olympic and Paralympic Games.
Enzo the German-based startup dedicated to solving the global problem of tap water pipe damage in buildings, has announced the successful completion of a $2.5 million seed funding round.
Zyber has announced the launch of its new cyber insurance quoting platform tailored for startups and midsize enterprises. The platform allows users to obtain insurance quotes within minutes through a streamlined digital process.
Cambridge Mobile Telematics has announced the renewal of its partnership with Hastings Direct, a UK insurer specialising in private car, van, motorbike, and home insurance. Cambridge Mobile Telematics is recognised as the world’s largest telematics service provider.
Charlee.ai, a provider of AI-based predictive analytic solutions, has announced a partnership with SaaS insurtech Duck Creek Technology to enhance the claims management process through advanced predictive analytics.
Janover Inc., an AI-driven platform for commercial real estate transactions, announced today that its subsidiary, Janover Insurance Group, has begun offering directors and officers (D&O) liability insurance tailored for publicly traded companies.
Aspen Insurance, a prominent provider of insurance and reinsurance solutions, has introduced Aspen Data Labs, a platform designed to enhance digital capabilities and strengthen its focus on data and Analytics.
Limit, the insurtech, has launched LimitAI, which it claims is the first generative AI created exclusively for the Property & Casualty (P&C) sector. LimitAI is designed to analyse extensive insurance documents, quotes, and policies, providing rapid answers to various insurance-related queries.
AdvantageGo, a leading commercial insurance and reinsurance SaaS provider, has announced a partnership with FortifyData, a prominent cyber risk manager, to enhance cyber risk analysis in the underwriting process.
Heffernan Insurance, one of the largest independent insurance brokerage firms in the United States, has announced the acquisition of Costello Insurance Associates, a move that officially adds aviation expertise to its extensive range of services.
For the first time in its history, Direct Line insurance will be available on price comparison websites, introducing a new suite of motor insurance products tailored for these platforms.
Shel Bachrach, an insurance giant whose work behind the scenes helped movies like Cliffhanger, The People vs. Larry Flynt, and Ali get made, died on Monday in Palm Springs at the age of 80.
Securian Financial and Open Lending have announced they are partnering to provide insurance to credit union and other auto lenders through the Lenders Protection programme.
Otonomi has officially launched its new three-hour Air Cargo Delay Parametric Insurance worldwide. The product aims to fill a significant gap in air cargo insurance by providing coverage for ultra-short yet costly delays.
APOLLO, the Canadian digital insurer and pioneer in the emerging embedded finance sector, has partnered with Dream to provide instant digital insurance solutions specifically designed for tenants across Canada.
Martin & Company, a leading provider of insurance technology solutions and consulting services, has partnered with Coherent, a global software-as-a-service company, to enhance speed-to-market capabilities for insurers.
Hub International Limited (Hub) has expanded its footprint in Tennessee with the acquisition of Wyatt Insurance Services, Inc.
Verisk, the global data analytics and technology provider, has launched ISO Experience, a product designed to modernise the way actuaries within insurance analyse risk patterns.
GNP Seguros is further strengthening its digital transformation efforts with the implementation of Equisoft’s cloud-based policy administration solution, which uses Oracle Insurance Policy Administration (OIPA) at its core.
Aviva has completed its acquisition of Probitas Holdings Limited for £249 million, marking its entry into the Lloyd’s market.
Breeze, a leading digital cargo insurance platform, has announced its integration with WebCargo by Freightos. The partnership enables freight forwarders to instantly purchase insurance for shipments via Breeze directly through the WebCargo platform.
Zurich North America has introduced a new primary products liability policy tailored to meet the specific needs of pharmaceutical, medtech, research and development, and other life science companies with revenues up to $1 billion.
Casey Kempton highlighted critical challenges facing the personal lines sector and spoke at length about opportunities for innovation and improvement during her recent live on stage session at Insurtech Insights USA 2024.
Westwood Insurance Agency has announced a new strategic partnership with Stanley Martin Homes, one of the fastest-growing home builders in the US.
Solera, a global provider of SaaS solutions, has announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its common stock.
SES Risk Solutions, an MGA specialising in real estate investor insurance, has announced a partnership with Guaranteed Rate Insurance, aiming to provide rental property owners with comprehensive landlord insurance coverage.
Marsh McLennan has announced the acquisition of The Horton Group, a leading insurance brokerage and one of the top independent insurance brokers. The terms of the deal have not been disclosed.
In an era marked by rapid technological advancements, the insurance industry is witnessing a significant transformation. Much of this is achieved via strategic collaborations that enable better products and services – and further reach into previously uncharted marketplaces.
Cyber insurtech At-Bay has announced its intention to shut down Relay Platform form, the cyber-focused single-entry multi-carrier quoting solution it acquired in 2022.
Eastern Alliance, a ProAssurance subsidiary, has announced it has chosen CLARAty.ai, an advanced platform developed by CLARA Analytics (CLARA), to enhance medical outcomes for injured workers, improve reserve accuracy, and reduce administrative burdens for claims professionals.
Howden Re and Moody’s have announced the launch of a three-month reciprocal talent exchange programme, aimed at bolstering professional development and knowledge sharing between the two companies.
The Woodlands Financial Group (TWFG), an insurance broker supported by reinsurer RenaissanceRe, has announced its intention to raise up to $176 million through its upcoming Initial Public Offering (IPO).
Najm for Insurance Services Company (Najm) has launched a new telematics initiative using advanced mobility analytics technologies to improve road safety in Saudi Arabia.
Unum Group has announced a definitive agreement to sell its Medical Stop Loss business to the Amynta Group, an insurance services company.
An EY report has highlighted a significant increase in publicly disclosed M&A deals in the UK insurance industry, rising from 54 deals in H1 2023 to 94 in H1 2024. The overall deal value has also surged from £400 million to £900 million.
Brookfield, one of the world’s largest private capital groups, has applied to establish an insurance entity in the UK. This move aims to capitalise on the significant number of British companies looking to offload their pension plans.
Lloyd’s has announced the members of the Inclusive Futures Coalition. This collective, comprising market firms and delivery partners, spearheads the Inclusive Futures programme, which was launched in November 2023.
Aflac, a leading provider of supplemental insurance in the US, has announced that its Dental and Vision division is partnering with SKYGEN to continue improving the customer experience journey.
Shares in Hiscox surged as much as 14% on Monday following reports that two foreign rivals are considering takeover bids for the Lloyd’s of London insurer.
tifgroup, a leading provider of travel insurance, has announced a partnership with OpenDialog AI, aiming to transform the customer experience across its customer-focused brands.
Insurtech Insights speaks to three parametric experts about why this swift and transparent approach to insurance is gaining ground in our increasingly unstable climate.
iA Financial Group has announced a $10 million investment in Clutch Technology, a Canadian company specialising in online sales of pre-owned vehicles. This strategic move aims to integrate iA Financial Group’s insurance products into Clutch’s digital car-buying platform.
Schroders Capital, the $94 billion private markets arm of Schroders Group, has launched a tokenisation pilot aimed at innovating within the insurance-linked securities marketplace.
Aurora, the managing general agent, has launched a flagship commercial combined product tailored for SMEs. Supported by AXA insurance, the product includes property business interruption, employers’ liability, and public liability coverages.
Mercia Fleet Management has revealed a significant reduction in its insurance costs by leveraging AI-enhanced driver profiling and accident damage assessment, despite the wider rise in insurance premiums.
Fitch Ratings has found that the US Property and Casualty market is set to return to underwriting profitability along with a significant improvement in return on capital for 2024. This positive outlook is driven by lower winter storm losses and an improvement in personal auto results.
Bermuda-based specialty insurance carrier Relm Insurance Ltd has completed its expansion into the MENA region through the acquisition of B&F Partners Ltd, now operating as Relm Insurance Mena Ltd.
In the wake of Labour’s recent triumph in the UK General Election, industry experts are weighing in on the potential impacts this political shift may have on the insurance sector.
PLATFORM, the boutique insurance broker, has announced the launch of a captive insurance and alternative risk financing practice group to be led by Braedy Walker (pictured).
TrustID, a company known for its expertise in identity verification, has announced its partnership with IDVerse, a startup pioneering AI identity solutions.
Dani Katz, Co-founder and Director of Optalitix, explores the evolving role of underwriters as AI innovation transforms legacy processes and roles across the insurance industry
Global reinsurer MAPFRE RE has announced that on 2 July 2024, it obtained approval from the National Financial Regulatory Administration of the People’s Republic of China to open a branch in Beijing.
Natural Capital Research (Natcap), a startup specialising in nature and biodiversity intelligence, has announced it has successfully raised $10 million in a Series A funding round.
Howden’s fourth annual cyber report has found a market stabilisation following significant volatility in 2020 and 2021 due to increased ransomware claims. The “Risk, Resilience, and Relevance” report found a 15% decrease in rates from the peak in 2022.
Insurtech UK has published a roadmap of recommendations for policymakers, so that the UK can retain and strengthen its leading global status in insurance innovation.
The 29th Annual British Insurance Awards, hosted by Insurance Post, were held at the Royal Albert Hall last night, honouring the best in the industry at one of the most prestigious and coveted awards ceremonies in the market.
Wopta Assicurazioni, an insurtech MGA established to support businesses and professionals against everyday risks, has successfully closed a €4.1 million Series A funding round. The raise brings the total raised since its inception to approximately €8 million.
Insurtech Insights talks to Lucy Straker US Focus Group Leader – Political Violence & Deadly Weapons Protection and Jim Rizzo, Product Leader US D&O at Beazley, to find out how the new Bill will impact the insurance industry and its customers
Brokerslink, the network of independent brokers, has introduced a specialised Trade Credit Insurance (TCI) practice, as it seeks to meet increased demand from international affiliates.
Lemonade has announced the renewal of its reinsurance programme, continuing its partnership with top-tier carriers and achieving an oversubscription across all dimensions.
Utmost Group has announced an agreement to acquire Lombard International Assurance Holdings, subject to regulatory and other approvals.
AutoRek, a prominent insurtech company specializing in streamlining premium processing operations for insurance firms, announced a strategic partnership with J.P. Morgan Payments.
Akur8, a cutting-edge insurance pricing solution powered by transparent machine learning, announced that LB Forsikring, a prominent Danish property and casualty (P&C) insurance company, has chosen Akur8’s Core Platform solution to boost its market competitiveness.
State Farm, the biggest insurer in California, is considering its future operations in the state as it seeks substantial 30% rate increases for its customers.
Everest, the global (re)insurer, has announced two key strategic appointments within its international insurance operations, as it seeks to expand its European presence.
Oriental Insurance, a subsidiary of OFG Bancorp, has announced the launch of a new personal accident insurance product in collaboration with Chubb Insurance Co. of Puerto Rico.
blip, an insurtech, is aiming to disrupt the sector by providing small business insurance policies which are on average a third cheaper than the lowest prices offered by competitors.
Supercede, a digital reinsurance platform, has successfully raised US$15 million in a Series A funding round. The funding was led by Alven, with participation from Mundi Ventures, Outward, Seedcamp, MMC Ventures, and AFG Partners.
SiriusPoint, a global specialty (re)insurer, has announced it is partnering with Tara Hill Insurance Services, a newly launched Excess and Surplus (E&S) programme administrator.
Qover, an insurtech focusing on creating a global safety net through insurance solutions, has announced the launch of its motor insurance solutions in Ireland, as it continues its expansion across Europe.
lyzil – a platform and insurance product developed by the startup Instaful Solutions, is empowering women in Pakistan by offering them a safe space and lifeline against harassment and violence. Joanna England finds out more.
Howden has announced its entry into the Japanese market for the first time, launching Howden Re Japan and an ILS partnership with Keystone ILS Capital.
The recent RDT Tech Poll has revealed a strong consensus among insurance professionals for greater transparency and automation in claims processes. The poll highlights a significant call for change within the industry, driven by rising claims costs and inefficiencies in current systems.
Cytora, a leader in transforming underwriting workflows within the insurance industry, has announced the integration of Autoaddress’ Address Capture into its underwriting productivity tool.
Berkshire Hathaway Specialty Insurance (BHSI) has announced its expansion into the Nordic countries with the opening of a new office in Stockholm. Leading the regional operation is Anna Green, appointed as Head of Nordics.
Zurich and Aon have announced the launch of a groundbreaking clean energy insurance facility designed to provide comprehensive coverage for blue and green hydrogen projects worldwide, with capital expenditures of up to $250 million.
Charles Taylor, a leading provider of international adjusting services and technology solutions for the global insurance market, has acquired US.-based independent loss adjuster M3 Aviation Services, effective June 27, 2024.
Novidea, the creator of a cloud-based, data-driven enterprise insurance management platform, has announced the strategic acquisition of Docomotion, a leader in automated document generation technology. The acquisition is expected to close within the week.
Resilience, a leading cyber risk solution company, has announced the doubling of its cyber insurance limits in the US to $20 million per client. The expansion follows the launch of new features and capabilities that help enterprises continuously manage and mitigate cyber risk.
UK-based life and pensions data management and technology company ITM has been acquired by Lumera, a European insurtech firm specialising in life and pensions solutions.
Allica Bank has announced a partnership with leading title insurance provider Westcor International to launch a new title insurance product across its commercial mortgage range starting today – July 1, 2024.
Meeri Savolainen, Founder & CEO, INZMO, gives us her thoughts on attracting a younger customer base and closing the next generation’s protection gaps.
SiriusPoint Ltd, a global reinsurer, has entered into a strategic partnership with Euclid Security Programs, a boutique managing general underwriter (MGU) specialising in security industry risks. The partnership is expected to enhance risk management capabilities for both companies.
Feather, a startup focused on providing digital insurance solutions for expats in Europe, has secured €6 million in a funding round led by Keen Venture Partners. Additional investors include Plural and industry leaders from Allianz, AXA, and Bastian.
Insurity, a leading cloud software provider for insurance carriers, brokers, and MGAs, has announced a strategic partnership with Coherent, a platform dedicated to streamlining and accelerating insurance product development.
Sidecar Health, an innovative health insurance company, has raised $165 million in a Series D financing round. This investment marks the largest private investment in employer health benefits for the year.
Wefox, the German insurance startup, is set to replace CEO Mark Hartigan according to a report by Bloomberg, following the board’s rejection of a proposal by its largest stakeholder, Mubadala, to sell the company to UK insurance broker Ardonagh. Hartigan, who assumed the role in March, will be replaced by the end of the year.
Slide Insurance has secured a $175 million senior credit facility, led by Regions Bank acting as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner. Synovus Bank and Texas Capital Bank, via its TCBI Securities Inc. division, also participated as Joint Lead Arrangers and Joint Bookrunners.
Bondaval, a leading London-based insurtech, has announced the release of its first trade credit insurance product, designed to provide greater certainty over credit risk cover while reducing administrative burdens.
Collinson, a global leader in travel experience and loyalty programmes, has announced a strategic partnership with World Nomads, a prominent travel insurance provider, to launch a new Annual Multi-Trip (AMT) product in the UK and Ireland.
Lloyd’s has announced a new Canadian Core Fixed Income Solution on the Lloyd’s Investment Platform.
Norm Ai, a cutting-edge regulatory compliance platform, has successfully raised $27 million in a Series A funding round. The round was led by Coatue, with significant participation from Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital.
Climate risk intelligence company Climate X has raised $18 million in a Series A investment round led by Google Ventures. The funding round also saw participation from Pale blue dot, CommerzVentures, A/O, Blue Wire Capital, PT1, Unconventional Ventures, and Western Technology Investment.
Zurich North America, a prominent provider of commercial property and casualty insurance, has appointed veteran insurance executive James Bracken as its new Chief Financial Officer (CFO).
Zurich Insurance Group (Zurich) has announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, with an additional potential earn-out payment. The move will also boost Zurich’s position as a leading travel insurer in the US and globally
Flow Specialty, a next-gen specialty wholesale insurance brokerage, has publicly released its AI credo and vision. The initiative aims to educate the insurance industry on the application of agentic AI in offering professional liability, management liability, and cyber insurance products.
Beazley Security has today gone live as an integrated cyber risk management company, following the merger between Beazley’s in-house cyber services team and its wholly owned cyber security company, Lodestone.
APOLLO Insurance, a pioneering digital insurance provider in the embedded finance sector, has announced a partnership with Rhapsody Property Management Services. The collaboration aims to deliver instant digital insurance solutions tailored for tenants across Canada.
Flock, the London-based commercial car insurtech, has announced a new partnership with Admiral Pioneer, Admiral Group’s venture-building subsidiary. The collaboration aims to “transform UK fleet insurance with advanced technology and real-time risk management solutions.”
Cytora, a leading digital risk processing platform, has announced it is partnering with leading provider of property valuation solutions e2Value.
GRAIL, Inc. , a leading healthcare company dedicated to early cancer detection, has announced the completion of its spin-off from Illumina (NASDAQ: ILMN). GRAIL will be listed and commence regular-way trading on the Nasdaq under the symbol “GRAL.”
Trustfull, a digital risk management and intelligence firm, has launched a new product: Silent Onboarding, which aims to bolster defences against the increasing threat of synthetic identity fraud.
IBISA, the global climate insurtech, has successfully raised $3 million to scale its parametric insurance solutions for weather-related risks in Asia and Africa.
COGITANDA, the cyber specialists, has announced the expansion of its product offering to now cover companies with annual revenues of up to €250 million in Germany and Austria.
Qover, a pioneering insurtech company committed to establishing a global safety net through innovative insurance solutions, today announced the launch of its AI-driven embedded insurance platform.
FloodFlash, a sensor-enabled parametric flood insurance provider, has announced the expansion of its offerings to cover all mainland US locations.
Axis Capital has announced the launch of a new service for US-based direct primary cyber insurance customers.
Novidea, a leading provider of cloud-based enterprise insurance management solutions, has announced that Madanes Insurance Agency, a prominent broker, has successfully implemented its insurance platform.
PCF Insurance Services, one of the top twenty US insurance brokers operating across 40 states, has announced the acquisition of four key agencies: Ignitist in Pennsylvania, The Brady Agency in North Carolina, Roseberry Insurance Agency in Mississippi, and The Sinnott Agency in Iowa.
Gallagher Re, the global reinsurance broker, has launched a flagship Cyber Academy, where the most promising individuals in the cyberspace will receive comprehensive and bespoke training in broking, cyber security, and analytics.
Trawick International, the worldwide travel insurance specialist, has announced the launch of a new portfolio of international student insurance plans, effective immediately.
A new report from Howden has found that more than 50% of the $19 trillion committed to financing the transition to net zero through to 2040 will require additional insurance capacity.
Verituity, a leading innovator in verified, intelligent payments, has successfully closed out an $18.8 million funding round.
The British Caribbean Insurance Company (BCIC), a leading provider of general insurance in the Caribbean, has unveiled the region’s first omnichannel insurance ecosystem.
Humata Health, a healthcare company specialising in frictionless prior authorisation payments for payers and providers through AI and automation, has successfully raised $25 million.
The Insurtech sector is undergoing a rapid transformation, driven by advancements in AI, IoT, data analytics, and blockchain.
ForMotiv, a provider of behavioural solutions for P&C and life insurance, has announced a partnership with FRISS, a global provider of automation solutions to the insurance industry.
Zesty AI, a leading provider of climate and property risk analytics driven by AI, has announced a partnership with Duck Creek Technologies, an intelligence core systems provider in P&C and general insurance.
Ledgebrook, the US insurtech MGA, has announced it is expanding its offerings with a new architects and engineers (A&E) insurance product.
As climate events hit the insurance industry through escalating losses, Daniel Grimwood-Bird, Head of Sales & Marketing for McKenzie Intelligence Services, talks to Insurtech Insights about the role of Disaster Response and it’s future in the insurance industry
Lloyd’s and Velonetic have announced a postponement of the cutover to phase one of their digital services, originally scheduled for October 2024.
Kinetic Automation, an infrastructure company delivering digital maintenance and servicing for EVs and AVs, has successfully closed a $21 million Series B funding round.
Daniel Grimwood-Bird, Head of Sales & Marketing at McKenzie Intelligence Services (MIS), discusses why First Notice of Incident (FNOI) – rather than First Notice of Loss (FNOL) is changing the game when it comes to claims processing.
Goose Insurance Services, an insurtech known for offering instant insurance solutions, has announced its rebranding in the U.S. with the launch of a new app, SmartBunny Insurance.
One80 Intermediaries has announced the launch of a new liability insurance policy specifically aimed at Chief Restructuring Officers (CROs).
Insurance brokerage platform Keystone Agency Partners (KAP) has signed a definitive agreement to acquire the independent agency network Keystone Insurers Group.
CompScience Insurance Services has launched its latest innovation, the SafetyBriefAI App, aimed at transforming job-site safety management for insurance brokers.
Infineo, an insurtech seeking to digitise the $3 trillion life insurance market through blockchain and AI technologies, has announced it has transacted the first-ever tokenised life insurance policy.
Fusion Specialty has announced it is expanding its partnership with HDI Global Specialty SE into the Americas. The partnership will offer increased capacity for representations and warranties, contingent insurance, and tax lines.
Cytora, the digital risk processing platform, has announced it is partnering with ChAI, an AI-powered market intelligence and commodity pricing forecaster, aiming to help insurers navigate uncertain market conditions.
“We won one of our largest customers, a seven-figure deal with a top five insurance logo, from Insurtech Insights”. Bastiaan de Goei and Saurabh Saini
African Risk Capacity (ARC) has announced it has received a $27 million contribution from the Dutch Government to help boost climate resilience in Africa and further promote parametric insurance across the continent.
Chexy, a Canadian startup which allows renters to pay their rent online whilst earning rewards and building credit, has announced it has raised $3 million in a seed round.
Rainbow, a leading provider of insurance solutions to restaurants, has announced it is partnering with Agentero, the digital insurance network.
UK-based insurtech Pikl has announced it is partnering with Prestige Underwriting, backed by Aviva, in a move that will see Pikl transfer its existing UK MGA capacity for its specialist vacation rental insurance cover into this new expanded facility.
Two of Wefox’s leading investors have proposed a €25 million capital investment to thwart rival insurer Ardonagh’s bid to buy significant parts of the company.
PwC UK achieved a 30% improvement in claims lifecycle efficiency through the implementation of the Appian AI Process Platform.
Zurich Insurance has announced the acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited (“Kotak General Insurance”), marking a significant milestone as the first foreign insurer to enter India since the foreign direct investment (FDI) rules were amended to allow up to 74% foreign ownership in 2021.
Hiscox has managed to shorten its lead underwriting process for the London Market sabotage and terrorism book from three days to just three minutes through the incorporation of Generative Artificial Intelligence.
A relatively high proportion of the overall losses for the event are likely to be insured, owing to the high insurance take up for the flood peril
ZA Tech, a next-generation insurance core system SaaS provider, has rebranded as Peak3 and has also announced the completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures.
Bikmo, a specialist cycling insurer, has announced it is partnering with Trek, becoming their Retail Stores’ official insurance provider across the UK, Germany, and Austrian markets.
CAPE Analytics, a leader in AI-powered property insights for insurance and real estate risk, has announced it is partnering with Vexcel, a leader in aerial imaging.
John Hancock, a unit of Toronto-based Manulife, announced today that it is the first life insurer in the U.S. to offer discounted access to Prenuvo’s state-of-the-art whole-body MRI scans to eligible John Hancock Vitality customers.
Generali has announced the appointment of Cécile Paillard as Group Chief Transformation Officer, effective September 2, 2024.
Stellantis, the captive automotive finance company, has announced it is partnering with insurtech bolt.
Kita, the specialist carbon insurance company, has announced it is partnering with UK-based carbon standard, Wilder Carbon, creating an insurance policy for a buffer pool, in what is believed to be an “industry first”.
OpenRoad Insurance has selected and implemented Majesco’s P&C Intelligent Core Suite, Digital Customer360, and Digital Agent360.
Consilium, the global Specialty Re/Insurance Broker, has announced it is entering the credit and political risk insurance market.
Columbia Insurance Group has announced it is partnering with Guidewire, utilising their advanced software solutions to enhance their customer platform.
Sapiens International Corporation has launched its AI-powered, open, integrated, cloud-native platform, Sapiens Insurance Platform.
Allianz Trade and BPL have announced an industry-first partnership to enhance how underwriters and brokers share enquiry data via API integration on Whitespace, a Verisk digital trading platform.
bolttech has announced that Digital Care, a Poland-based device protection and services provider, has been renamed and rebranded as bolttech Poland.
A recent survey tech teams at insurance companies and MGAs by RDT of found that 85% of professionals believe some areas of the market have rushed into automation without putting in comprehensive step-by-step enhancement plans for their platforms.
Global advisory, broking, and solutions firm WTW has named Len Graziano as the Casualty Strategy and Execution Leader within its Corporate Risk and Broking division for North America (CRB NA).
A recent report by credit rating agency Moody’s highlights the increasing regulatory scrutiny on European Union life insurers, which aims to ensure their products deliver “value for money.”
Guardian Life has announced a partnership with Pelago, a leading digital clinic specialising in substance use management, to help Guardian members live tobacco-free lifestyles.
Rokstone, the Specialty MGA part of the Aventum Group, announced it has hired industry veteran Graham Amato to launch a new Global Sports Personal Accident portfolio.
Amplify, an insurtech seeking to democratise life insurance, announced it has raised $20 million in a Series B funding round.
Nubank, Brazil’s prominent digital banking platform, has achieved a significant milestone by reaching 2 million active insurance policies in collaboration with Chubb.
Nationwide, the leading pet insurer in the US, announced it is dropping roughly 100,000 pet policies, citing rising inflation in the cost of veterinary care.
Tara Foley, CEO of Axa UK, and Sten Saar, CEO of Zego, have both ruled out using Generative AI for insurance pricing due to compliance concerns.
Abu Dhabi’s US$300 billion sovereign wealth fund, Mubadala, is embroiled in a contentious boardroom battle over the future of the beleaguered European insurtech wefox.
Zywave, an insurtech developing brokerage software, honoured the best individuals and firms in cyber risk at the 11th annual Cyber Risk Awards, held at Gotham Hall in New York.
Earlier this week, California Insurance Commissioner Ricardo Lara announced a landmark strategy aimed at expanding wildfire coverage options for Californians in high-risk areas.
Guy Carpenter, the global risk and reinsurance specialist and subsidiary of Marsh McLennan, announced the launch of the Capital and Advisory group as part of its Global Capital Solutions unit.
Intuit, a global financial technology platform, announced today that it has signed an agreement with mobility risk intelligence provider Zendrive, acquiring their technology.
Bikebook, the platform that connects cyclists with local mechanics, has announced a partnership with Bikmo, a leading consumer and commercial insurer in the cycling sector.
Insurtech funding has seen a significant uptick in recent weeks with raises almost reminiscent in frequency of the 2021 digital transformation boom.
Pet insurer Trupanion has announced a partnership with Boehringer Ingelheim, an innovator in animal disease prevention and treatment, to enhance healthcare access and disease treatment/protection for pets.
Kita, a Lloyd’s of London coverholder and carbon insurance specialist, announced it will now offer carbon credit delivery risk insurance to EU & EEA insurers, adding to its existing coverage for buyers and investors in the UK, USA, Canada, Singapore, and Switzerland.
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, announced it has completed the acquisition of Pinpoint Insurance Solutions, an MGA, surplus lines brokerage, and national programme administrator.
CFC, a specialty insurer specialising in emerging risks and cyber insurance, announced it is launching its second insurance product for buyers of voluntary carbon credits.
Vertafore has announced the launch of Project Impact, an initiative aimed at delivering technological enhancements and workflow improvements to make the work of insurance professionals more efficient.
In a surprising turn of events, Elon Musk has withdrawn his breach of contract lawsuit against OpenAI and its CEO, Sam Altman.
IMG, the Global insurance benefits and assistance services company has announced that it is expanding its existing partnership with Teladoc Health.
Hippo CEO described the challenges of 2023 and outlined the insurtech’s journey towards greater resilience, during a fireside chat with Bryan Falchuk at Insurtech Insights USA 2024
Yardi, a real estate software company, has announced it is partnering with start-up Obligo who offer innovative alternatives to traditional security deposits.
Artemis Risk Solutions, a new insurance brokerage specialising in employee benefits, property and casualty insurance and personal lines, has officially launched.
Finsall, a Fin+InsureTech, has successfully secured a $1.8 million bridge round, led by existing investors Unicorn India Ventures and Seafund alongside other institutional participants.
kWh Analytics, a market leader in Climate Insurance, has announced the release of its 6th annual Solar Risk Assessment, a detailed report which is designed to provide an impartial data-driven evaluation of solar risk.
The Dubai International Financial Centre Insurance Association (DIFCIA) has announced it is entering a partnership with ACORD, the global insurance industry’s standards organisation.
Pyte, a Los Angeles-based company specialising in secure computation platforms, has announced it has raised an additional $5 million in funding, bringing its total funding to over $12 million.
LifeSearch, a leading independent UK protection advice specialist, has announced a strategic partnership with Gretel, a technology-powered hub designed to reconnect consumers with their lost and dormant financial accounts.
Swiss Re’s 2024 SONAR report delves into 16 emerging risks, revealing the cascading effects of natural disasters and other critical threats to the insurance sector and society.
Insurtechs hyperexponential and Send have announced a partnership seeking to streamline the pricing process for insurers.
Vouch has announced it is partnering with Carta, the provider of equity management solutions, offering users a more automated insurance application experience.
YesWeHack, a prominent Bug Bounty and cybersecurity vulnerability management platform, announced it has successfully raised €26 million in a Series C funding round.
GradGuard, the leading provider of tuition and renters insurance in the US, has expanded its programme to include coverage in the state of Rhode Island.
DOXA Insurance announced it has acquired specialty MGA CPH Insurance, which caters to the professional liability needs of mental health, allied health, and healthcare professionals.
Anterior, an insurtech using AI to expedite health insurance approval for medical procedures, has successfully closed a $20 million Series A round at a $95 million valuation.
AXA’s Global Healthcare 2024 Mind Health Report has revealed that there has been a substantial decline of mental health in non-native workforces. Research found that 4 in 5 non-native employees are experiencing negative mental health symptoms as a direct result of their working environment.
Stripe, a financial infrastructure platform, has today announced it will become the primary payments partner for global hospitality group Accor.
Instabase, a leading AI company, has launched AI Hub Chatbots, designed to meet the rigorous demands of sophisticated enterprises.
Axis Insurance, a Canadian specialty insurance brokerage, announced it had received a significant strategic investment from Lee Equity Partners, a mid-market fund specialising in the financial services and healthcare sectors.
Devonshire Underwriting, an MGA has announced it has received approval from Lloyd’s to write business and to officially launch in Europe.
Euclid Program Managers have announced the launch of Euclid Mortgage, an MGU underwriting mortgage credit risk for insurers and reinsurers.
Guardian Insurance Group and Wellthy have announced they are partnering to help provide Wellthy’s bespoke caregiver support services to Guardian members.
Pattern Insurance and WeTravel have announced a new partnership to integrate insurance into the travel booking experience.
NEXT Insurance has announced the launch of Business Owner’s Policy (BOP), a comprehensive insurance solution tailored to the specific needs of small businesses.
Inszone Insurance Services announced it has acquired Welcome Insurance Agency, continuing its recent spree of acquisitions.
Brown & Brown, the global insurance brokerage, has announced it has acquired 100% of Northern Ireland-based Rollins Insurance Brokers.
Ondo Insurtech, a specialist in claims prevention technology for home insurers, has announced that it will be expanding its LeakBot programme into Washington State.
Egyptian insurtech, Mal Bazaar, which provides a digital one-stop-shop for insurance products, has announced it has successfully acquired a licensed insurance brokerage.
WTW, the Global Advisory and Broker, has announced it is partnering with Insurtech Software provider Guidewire.
Honeycomb Insurance has unveiled a new property qualification programme at this year’s Insurtech Insights USA: address qualification.
Allianz Commercial has announced it is partnering with specialised MGA ProMarine for a new multi-product strategic underwriting and claims delegated authority agreement.
Fixle, Inc., a prominent provider of home management solutions in the proptech and insurtech sectors, has announced its acquisition of EasyHome, Inc., a software developer specialising in modernising property care and management.
Guidewire, a leading platform provider for property and casualty (P&C) re/insurers, has significantly contributed to a $19 million funding round for Indico Data, a company specialising in automating essential workflows for document-intensive industries such as insurance and financial services.
Lexasure Financial Group and OneDegree Global have announced the launch of a new cyber insurance platform designed to strengthen cybersecurity defenses for businesses in South and Southeast Asia.
HDI Global Insurance Company, the US unit of HDI Global, has partnered with First Indemnity Insurance Agency to introduce a new Lawyers’ Professional Liability (LPL) insurance product.
Wysh Life and Health Insurance Company has announced the integration of its Life Benefit product with Q2’s Digital Banking Platform through the Q2 Partner Accelerator Program.
NexPhase Capital, LP, announced it has made an investment in Insurance Systems in Insurance Systems Inc, one of the oldest insurtechs providing enterprise software solutions, to the P&C insurance industry.
Allianz has announced it is launching a new home insurance product to provide more choice to UK homeowners, in line with its strategic aims to grow in the UK.
Katapult, an e-commerce centred financial technology company, has announced it is launching Katapult Layoff Insurance, which will be powered by Harmonic Financial Technology.
Ambac Financial Group, the Insurance holding company has agreed to acquire 60% controlling interest in London-based insurer and MGA Beat Capital Partners for $282 million.
Lloyd’s has announced it is opening a new office in Miami from September 1st 2024, strengthening its LATAM and Caribbean presence.
Steadily, a Texas-based provider of property insurance for landlords, has partnered with Tractic.io, a leading Real Estate and PropTech SaaS platform, to enhance and streamline landlord insurance for real estate investors.
Miller Insurance Services, the specialist reinsurance broker, announced it is acquiring Madrid- based broker Bruzon, marking its second Continental European acquisition as the company seeks to expand its bespoke specialty model internationally.
Continuity, an insurtech using artificial intelligence and external data for professional and commercial P&C insurers, has announced a successful €10 million Series A funding round.
The Baldwin Group, an independent insurance distribution firm has today announced the launch of Cyber Navigator – its Application Programme Interface (API) connected platform.
Understory, a provider of insurance solutions against severe weather losses, has secured $15 million in a Series A funding round to develop a new product for the renewable energy sector.
Sixfold, a generative AI insurtech for underwriters, has raised $15 million in a Series A round.
Alta Signa Europe B.V, a boutique European MGA has announced it is opening a new office in Switzerland as it seeks to expand in the DACH region.
Advantage Go, a provider of commercial insurance and reinsurance software has announced it is partnering with Expleo, an engineering, quality assurance and digital transformation consultancy, ahead of the Blueprint Two digital transformation initiative at Lloyd’s.
Arthur J. Gallagher has announced that its specialist underwriting subsidiary Pen Underwriting has acquired Irish-based MGA Wrightway Underwriting Limited .
Leading Cities have announced the top 100 Smart City solutions which have been selected to advance in this year’s AccelliCITY Resilience Challenge, in partnership with QBE North America.
Crux Risk Services (Crux), a new Managing General Agent (MGA) specialising in terrorism underwriting, has been approved as a Lloyd’s Coverholder.
NSM Insurance Group, a Global Specialty Insurance Provider, operating more than 25 niche insurance programmes, announced it has completed the acquisition of Strategic Underwriters International, an MGA in the casualty facultative reinsurance marketplace.
CoverGo, the no-code SaaS insurtech platform, today announced it is launching CoverGo Distribution, an AI-powered insurance platform for omni-channel distribution.
National Equipment Register (NER), a Verisk subsidiary, has announced it is partnering with KYCS, a leader in providing solutions for simplifying theft-recovery and asset identification, to provide security and recovery solutions for heavy equipment assets.
Simplicity Group Holdings, a financial product distribution firm, announced it has acquired Plum Life, a New Jersey based life-insurance startup which has raised nearly $8 million.
McKenzie Intelligence Services, a geospatial intelligence specialist, has developed an AI damage classifier to enhance its human-led damage assessments for insurers following catastrophic events.
Earnix, a leading global provider of AI-based SasS solutions for financial services, has today announced it is entering a strategic partnership with Verisk, a leading global data analytics and technology provider.
Liberty Mutual, the diversified American Global Insurer, has announced it is forming a practice dedicated to serving the insurance needs of mid-sized life sciences companies.
Sompo, the UK insurer, has recently introduced a new insurance product aimed at middle-market clients.
Allianz Partners has announced it is partnering with Cosmo Connected, a French startup which offers helmets with integrated automatic brake lights, turn signal, fall detection and safety SMS alerts.
The National Alliance for Insurance Education and Research has announced it is partnering with BrokerTech Ventures to develop a foundational, self-taught course, titled “Introduction to Insurance for Insurtech Professionals.”
Sentry, the Wisconsin based mutual insurance group, has announced it is partnering with Falvey Insurance Group offering admitted and non-admitted cargo capacity to Falvey’s broker partners.
Broadstone, a leading UK pensions employee benefits, investments and insurance consultancy has announced it is launching a standalone Insurance, Regulatory and Risk advisory division.
In our series highlighting influential female leaders in the insurance space, we talk to Laura Doddington and Lauren Finnis, seasoned industry leaders who bring expertise and innovative strategies to the insurance sector.
Great American Insurance Groups’s Ocean Marine Division has announced it is partnering with Amwins Programme Underwriters, (AMS) to provide coverage solutions via its marine cargo and stock throughput programme.
EPAM Systems, a leading global provider of digital platform engineering and development services, has released a whitepaper focused on the transformation of underwriting through advanced digital solutions.
USI Insurance, the New-York based insurance brokerage and consulting firm, has announced it is launching PATH, a proprietary technology-enabled risk control platform for clients.
Quantee, an insurtech specialising in dynamic pricing software, has announced it is partnering with Zurich Insurance Group to enhance their pricing strategies by leveraging Quantee’s innovative solutions.
Hub International announced it is launching Hub Fleet Solutions Marketplace, a digital platform which will offer products and services from vendors in fleet management, insurance, maintenance , technology and diagnostics.
Marsh McLennan agency announced it has acquired Perkins Insurance Agencies, an independent agency based in Abilene, Texas as Marsh seeks to expand its offerings in West Texas.
PwC’s firms in the United States and the United Kingdom have entered into a landmark agreement with OpenAI, positioning PwC as OpenAI’s first reseller for ChatGPT Enterprise and its largest user to date.
inari, an insurtech providing core technology solutions to the global insurance and reinsurance industry, has announced it will be officially launching its new underwriting workbench product at Insurtech Insights USA.
1Fort, a New York-based specialty insurance brokerage, has launched a specialty insurance marketplace that uses AI which allows independent brokers to save time and place commercial risks.
QBE North America announced it is partnering with DUAL North America division Catalytic Risk Managers & Insurance Agency to develop the Builders Risk Programme.
Everest, the insurer and reinsurer domiciled in Bermuda, announced it has received approval to launch its operations in Mexico.
hyperexponential, a UK insurtech specialising in insurance pricing software has announced it has appointed Risa Ryan as head of US P&C as it seeks to accelerate its footprint and offerings in North America.
Habit, a Portuguese insurtech specialising in embedded insurance, digital and contextual distribution solutions, has announced the launch of a new protection solution for recurring payments / expenses: “Habit Bill Protection Insurance”.
Inszone Insurance Services announced that it has acquired T Blackwell Insurance Group, as it Continues its Recent Spree of Deals
Howden Re, the reinsurance and risk advisory arm of Howden Group announced today that David Hearn has been appointed as Chairman of Global Clients Strategy. Hearn joins the Group during a period of rapid growth.
Chubb, the global insurance group has announced it is uniting its three Korean affiliates under the Lina brand, aiming to bring to synergies through the integration of the different brand identities.
Insurtech Founder and CEO, Frank Perkins launched inari in 2017 to help legacy system-based insurance companies digitally transition. Insurtech Insights caught up with him to find out more.
Federal Bank, one of the largest private banks in India has announced a Bancassurance partnership with Tata AIA Life Insurance Co Ltd, one of India’s pre-eminent life insurance companies. The alliance will allow the Bank’s customers to access Tata’s comprehensive insurance product suite.
Insurtech Insights USA 2024, the premier gathering for innovators and leaders in the insurance technology industry, is excited to announce its lineup of top speaker sessions taking place at the Javits Center on June 5th and 6th.
UK-based doctor, Karan Mehta, is CEO and Founder of the brand new startup Bluezone, and is passionate about providing insurance solutions for the chronically ill.
Insurance underwriter Bowhead Specialty has announced it is deploying Kalepa’s Copilot underwriting platform to utilise its advanced AI for improved risk selection and optimal customer experience.
Ascend, a leading provider of financial operations automation software has announced it is partnering with insurtech leader Mylo connecting individuals and business owners with insurance products from over 100 carriers across multiple coverage lines.
FintechOS, a leading end-to-end financial product management platform, has announced it has completed a successful $60 million Series B+. The round was led by Molten Venture, Cipio Partners, and BlackRock alongside existing investors EarlyBird VC, OTB VC, and Gapminder VC.
Bindable, an insurtech focussed on alternative distribution solutions has announced it is partnering with HoneyQuote, a home insurance comparison tool which is reshaping the way homeowners buy insurance in Florida.
ifeel raises US$20 million to save millions in mental health-related disability, productivity and claims for insurance companies and corporates around the world
Bondaval, a British insurtech which provides protection against payment defaults has secured backing from a leading European Venture Capital.
dacadoo, a leading global healthtech vendor has announced its commitment to bringing its advanced technologies to Africa.
Canadian Insurtech APOLLO has raised US$13.4 million to establish its buy-now-pay-later (BNPL) subsidiary, Finshore. FinShore will provide a fully embedded monthly payment option to over 100,000 Canadians who are insured with Apollo.
Authentic Insurance, a New-York based insurtech startup has raised US$11 million in a Series A funding round led by First Mark Capital, with participation from Slow Ventures, Altai Ventures, MGV, Upper90, and Commerce Ventures.
Stride has announced it is partnering with Roadie to provide comprehensive support to independent drivers across the USA.
Optalitix, the award winning insurtech specialising in data analytics solutions, announced today that it is partnering with Pool Re to implement a new end-to-end treaty and claims management system with full auditability and enhanced reporting.
Corvus Insurance, a leading cyber underwriter powered by a proprietary AI-driven cyber-risk platform, has announced that it will expand its underwriting capabilities and cyber services for policy holders.
Swiipr, a travel paytech company announced it has secured US$7.6 million in funding to further develop its platform aimed at disrupting and revolutionising airline disruption payments.
Relation Insurance Services, a US-based insurance broker, has expanded its presence in the USA with the acquisition of First Insurance, an Oklahoma- based affiliate of First Bank; financial details related to the deal, effective 1 April 2024 were not disclosed.
One80 Intermediaries, a Boston-headquartered specialty insurance broker has revealed an innovative AI warranty coverage for enterprises which was developed in partnership with Armilla AI.
Swiss-based Insurtech discovermarket has announced its entry into the Philippine market through a partnership with Globe. The collaboration aims to introduce embedded Personal Cyber Insurance, targeting Globe’s existing Platinum subscribers.
Lloyd’s, the world’s biggest marketplace for insurance and reinsurance, today revealed it has signed a Memorandum of Understanding with the Bermuda Monetary Authority (Authority OR BMA) committing to working in partnership to support, develop and share knowledge across the international insurance market.
Global insurance intermediary group Howden has announced a new partnership with leading software provider AutoRek to enhance the efficiency of its key back-office processes through intelligent automation.
Majesco, a global leader in cloud insurance solutions, has announced its Gold sponsorship at the 2024 Insurtech Insights conference, set to take place in New York from June 5th to June 6th.
Orca, the AI shipping specialty company has announced $23 million in new funding, taking the total raised by the Tel-Aviv based company to $38.6 million.
“We won one of our largest customers, a seven-figure deal with a top five insurance logo, from Insurtech Insights”. Bastiaan de Goei and Saurabh Saini
Following its successful launch of Fair Car Insurance in Sweden last November, European Telematics giant ABAX has announced it will be bringing its coverage to Norway.
Group Medical Services (GMS), the Canadian Health Insurance provider has announced it is partneringwith no-code SaaS CoverGo, to transform its digital ecosystem.
Marsh McLennan, the Global Re/Insurance broker has announced the launch of Sentrisk, an AI-Powered platform which offers integrated advisory services. Sentrisk aims to reshape the way that businesses manage their global supply chain risks.
Lloyd’s Lab, the renowned 10-week innovation accelerator, is now accepting applications for its 13th cohort.
AmeriLife, one of the USA’s most significant health, life, and annuity marketing organisations has announced two recent acquisitions which cements its status as a holistic retirement services leader.
Life insurance provider Life5 has partnered with Allianz Global Life to enter the Italian market with the goal of transforming insurance offerings.
Tego, a specialist underwriter to the Australian healthcare industry has announced it will partner with Five Sigma’s AI-native claims management platform to simplify and optimise its claims management processes.
Eric Ayala, Managing Director of Americas for Novidea, discusses the leading insurance software platforms in the insurance industry, and why they are transforming the way we do business.
The Swiss Re Institute forecasts a significant boost in profitability for the life insurance industry due to rising interest rates.
Coversure, an Indian insurtech, has announced it has raised $4 million in pre-Series A funding round, which was led by the seasoned regional investor Enam Holdings.
International insurtech company bolttech has announced a strategic partnership with HAVA.id, a prominent B2B procurement company in Indonesia.
Broker Insights, an insurtech which empowers the commercial insurance industry through data-driven decision making, has announced a change in leadership as the company eyes an accelerated expansion in the USA.
AUB Group, an Australian equity-backed insurance broker network, has announced an agreement to acquire a 70% equity stake in Pacific Indemnity, a specialty underwriting agency based in Australia.
QuoteWell, a technology-driven insurance wholesale broker, has partnered with the Independent Insurance Agents of Texas (IIAT).
AXA has announced that it is supporting UEFA Women’s EURO 2025 as an Official Partner. The new partnership ties in with AXA’s existing commitment to promote sportswomen and advance greater gender equality in football. AXA is also the official training partner of Liverpool FC’s women’s team.
The MicDrop Agency, an award-winning communications firm, has been named the official PR Agency of Record (AOR) for Insurtech Insights USA, the leading insurtech conference.
Benekiva, a leading provider of cloud-based claims automation solutions, has announced a strategic partnership with GovCIO, a rapidly growing provider of advanced technology solutions and digital services to the federal government.
Aflac has announced a strategic partnership with Nayya, a provider of personalised digital benefits guidance, aimed at improving employee access to supplemental health benefits.
HDI Global Insurance Company, the U.S. subsidiary of international commercial insurer HDI Global SE, has announced a strategic partnership with Hallmark Financial Services.
Cytora, a leading digital risk processing platform, has launched the Risk Flow Academy, a free digital learning platform tailored for commercial insurance professionals.
Next Insurance has launched a new solution capable of generating accurate and customized insurance quotes within seconds.
Cover Whale, a leading InsurTech company specialising in connected insurance for commercial auto, has successfully secured US$27.5 million in debt and equity from investment funds managed by Morgan Stanley Expansion Capital.
Adrian Coupland, Head of EMEA at Earnix, shares his thoughts and experiences following Insurtech Insights Europe, 2024, in London recently.
Josh Ofman, President of GRAIL, shares insights on his medical career, advancements in cutting-edge cancer detection, and transformative healthcare technologies.
Pan-Asian life insurance company FWD Group Holdings Limited (“FWD Group” or “FWD”) has announced a five-year extension of its technology services agreement with Amazon Web Services (AWS).
From launching her first startup at 19 to revolutionising the insurtech space with Irys, Margeaux Giles is a force to be reckoned with.
BOXX Insurance Inc., an award-winning global insurtech specialising in cyber insurance and security, has announced the launch of a groundbreaking cyber risk solution in collaboration with Zurich Insurance Group.
MetLife has unveiled My Leave Navigator, a new addition to its suite of MyBenefits digital tools, designed to assist employees in planning time away from work due to disability or other events.
INZMO, the leading Berlin insurtech serving the European rental industry, has today launched RentalBot, an AI-powered legal chatbot aimed at helping tenants and landlords in Germany’s strained rental market get easy access to tailored legal information and support.
Vitesse, a leading treasury and payment solutions provider for the insurance industry, today announced the completion of a $93 million Series C funding round led by leading global investment firm, KKR, with participation from existing investors, including Hannover Digital Investments.
Lassie has announced its expansion into the French market after seeing rapid growth in Germany and Sweden.
Howden has announced the acquisition of MiCRO, a microinsurance specialist focused on providing parametric insurance coverage to underserved populations in Latin America, specifically against natural catastrophes.
Arbol, a climate-focused insurtech startup, has successfully raised $60 million in a Series B funding round. Giant Ventures and Opera Tech Ventures co-led the round, with participation from Mubadala Capital, joining existing investors Finch Finance and Space Capital.
Mason Owen has introduced a pioneering legal indemnity insurance platform, Instant Title Solutions (ITS), which leverages artificial intelligence to streamline the insurance process.
Farmers Insurance has announced that it will resume accepting new commercial multi-peril applications in California starting August 1, 2024.
Ben Potts, Managing Director International, at Novidea, discusses how data analytics is transforming the insurance landscape throughout Southeast Asia.
Care coordination company Watershed Health has successfully completed a $13.6 million funding round.
Munich Re Specialty – North America has announced its collaboration with Kalepa, a prominent InsurTech leader, to deploy the Copilot underwriting platform.
European insurer Wefox, valued at $4.5 billion just two years ago, has alerted shareholders to a potential insolvency risk by the summer, according to information obtained by Sky News.
The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) has announced a new pilot program in collaboration with healthcare company GRAIL.
As the global community grapples with the increasing impact of climatic disasters, the insurance industry is preparing for a significant discussion aimed at addressing these challenges.
The partnership between Insurity and Certificate Hero will transform service offerings and foster long-term client retention through the innovative use of AI and advanced technological capabilities
Hank Watkins, regional director and president of Lloyd’s Americas, is set to take on a new role as the executive director and associate dean of St. John’s University’s Maurice R. Greenberg School of Risk Management, Insurance, and Actuarial Science.
Digilog UK have announced that they are bringing voice analysis technology, which can identify and validate risk within telephone and video-based conversations, to the Claim Technology Marketplace.
Norwegian flood risk startup, 7Analytics, has announced a successful funding round of €4 million from Scale Capital, a prominent investment firm.
Swiss Re has posted a net income of US$ 1.1 billion for the first quarter of 2024. The result benefitted from underwriting discipline and strong investment income.
BimaPay, an insurtech startup, has successfully secured US$2 million (approximately INR 16.7 crore) in funding, led by LC Nueva Investment Partners.
Earnix, a leading global provider of AI-based SaaS pricing and rating solutions for financial services, and Exavalu, a prominent global insurance digital advisory and system integration consulting firm, have jointly announced a strategic partnership.
In recent years the focus on Environmental, Social and Governance (ESG) has grown and an organisation’s actions in these areas can have a considerable impact on overall reputation.
Indian insurance startup Go Digit has successfully raised US$141 million from numerous investors in anticipation of its upcoming initial public offering (IPO).
Leading embedded insurance provider Cover Genius, has announced the successful closure of its $80 million Series E funding round.
MAPTYCS Inc., a prominent firm specialising in property and climate risk exposure management, has entered a strategic partnership with Risk Management Partners (RMP), a division of Munich Re.
The leading insurtech aims to uplevel its customer service experience with the integration of the generative AI-powered tool into its platforms
Transcarent, which provides a comprehensive health and care experience for employees and their families led by Glen Tullman, has launched an AI-driven solution on May 15, 2024, to simplify healthcare navigation.
In a landmark move aimed at extending financial security to lower to middle-income households and small businesses, AXA has forged a strategic partnership with the Universal Postal Union (UPU), a pivotal agency of the United Nations dedicated to coordinating global postal policies.
In a move aimed at enhancing user experience and bolstering its service offerings, bunq, the second largest neobank in Europe, has joined forces with leading insurtech Qover.
Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, today announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their cyber towers.
In a significant stride towards revolutionizing senior healthcare accessibility, Chapter Medicare, a leading Medicare broker headquartered in New York, has successfully raised $50 million in its Series C funding round.
John Hancock and its parent company, Manulife, have unveiled a comprehensive five-year collaboration with the Massachusetts Institute of Technology (MIT) AgeLab.
Matchmaking startup innovations with incumbent challenges is a passion for Pietro Carnevale – CEO of Generali’s House of Insurtech Switzerland (HITS)
Tokio Marine HCC Specialty Group, a member of the Tokio Marine HCC group of companies, has initiated the establishment of a new Product Recall offering in London, alongside strategic appointments to its Crisis Management team.
Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, Ltd., has officially unveiled its Australian Insurance operations following approval from the Australian Prudential Regulation Authority.
Maritime technology startup Vanguard has successfully secured US$1 million in new funding aimed at advancing its automated insurance underwriting platform for maritime operations.
JAB Holding, known for its substantial investments in Krispy Kreme, Pret A Manger, and Coty, has announced it will launch a comprehensive insurance platform under the leadership of industry veteran Anant Bhalla, who joins as Senior Partner and Chief Investment Officer.
ICEYE has unveiled a suite of advanced offerings tailored for the UK insurance market, aimed at enhancing flood risk assessment and mitigation capabilities.
Global advisory, broking, and solutions firm WTW has unveiled a pioneering facility in partnership with Ukrainian insurer, VUSO, designed to cover cargo and land warfare risks in Ukraine.
QBE Insurance Group has released its performance update for the first quarter of 2024, revealing a modest uptick in gross written premium (GWP) during this period.
As the CEO and President of Hippo, Richard McCathron is a well known and respected industry leader.
Justin Peterson, one of Beazley’s leading Deadly Weapons Protection (DWP) underwriters, talks to Insurtech Insights about the rising demand for cover, and how the insurance industry is helping to reduce the consequences of weapon-related violent crime.
Aon, the global insurance and reinsurance brokerage, has introduced an update to its Pricing Platform, designed to offer re/insurance underwriters enhanced visualisation and automation capabilities.
Mercury Insurance and Tokio Marine America (TMA) are working together to develop a plan to transition customers of TMA and its subsidiary, Trans Pacific Insurance Company (TPIC), to Mercury Insurance.
Insurtech firm Cover Genius has announced a new partnership with Adyen, selecting the FinTech company as its latest payment processing partner.
Marsh has announced the launch of MiCAssure, a proprietary insurance solution tailored for crypto-asset service providers such as custodians, exchanges, and administrators operating within the European Union.
Go Digit General Insurance, supported by major investors including Canada’s Fairfax Group, is preparing to launch its initial public offering (IPO) on May 15.
Off Course Consulting, a leading strategy consulting firm with expertise in the insurtech and insurance industry across the US and Europe, has announced a strategic partnership with Global Leader Group, a renowned professional development and management consultancy firm operating in the US and UK.
Led by Portage with participation from AV8, Distributed Ventures, and Detroit Venture Partners, CoverTree launches an enterprise suite to provide homeowners with leading quality insurance coverage.
The American Association of Insurance Services (AAIS), a leading organisation in the insurance industry, has announced its partnership with reThought Flood as part of the AAIS Partner Program.
Munich Re has reported an increase in insurance revenue to US$16 billion for the first quarter of 2024, attributed to organic growth in its reinsurance business and ERGO International.
Embarking on a transformative journey fuelled by personal experience and a passion for change, Joan Low’s path from banking to the forefront of mental health innovation is nothing short of inspiring.
Unum Group has introduced Unum Pet Insurance as part of its portfolio. The new offering provides plans that offer coverage to help employees keep their pets healthy.
WTW has announced strategic enhancements to its global cyber facility, which provides excess cyber insurance coverage worldwide.
London Underwriters, a prominent national insurance wholesale broker, and Foxquilt, a leader in digital insurance solutions for small businesses and individuals, have entered into a strategic partnership.
London-based insurtech company Eleos has raised US$4 million in a seed funding round to support its planned expansion into the United States.
Israeli insurtech company Honeycomb has secured US$36 million in a Series B funding round, the company has announced.
Arbol, a climate risk solutions provider with a global footprint across more than 15 countries, has announced the successful closure of a $60 million Series B funding round.
As dramatic footage of Dubai’s storms unfolded earlier this month, it was clear that this was no ordinary weather event.
AEGIS London has announced a partnership with InsurTech firm Kayna to enhance its online quote and bind platform, Opal Underwriting.
CLARA Analytics, a provider of AI technology for insurance claims optimisation, has expanded its partnership with Origami Risk, a risk, safety, and insurance SaaS provider.
French insurtech Wakam, a leading white label, digital B2B2C insurer, has gained approval from the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to establish its new subsidiary, Wakam UK Limited.
Progressive Insurance announced plans to recruit thousands of job seekers nationwide in 2024 to support its sustained year-over-year growth.
London-based insurance startup Urban Jungle is set to announce a new funding round of approximately $14 million this week, according to a Sky News report.
Zurich-based Lloyd’s coverholder Amboss Underwriting (Amboss) has assumed the downstream portfolio of Oilfield Insurance Agencies’ Zurich branch.
Loadsure, an innovative insurtech MGA and Lloyd’s coverholder, has announced its launch in Europe.
Open, a global embedded insurance partner, has unveiled a new travel insurance offering designed to cater to the diverse needs of individual travelers and travel providers.
WTW has announced a partnership with Riskonnect, a provider of risk management software solutions, to pilot an analytical tool that connects claims and exposure data through WTW’s new Risk IQ API.
MixCare Health, a rising Hong Kong insurtech company, has formed a partnership with international health insurance broker and employee benefits specialist Pacific Prime to transform the delivery of health and wellness benefits for employers in Hong Kong.
CatX, a digital marketplace that connects (re)insurers and brokers with alternative capital, has announced a strategic partnership with CyberCube to enhance its cyber capabilities.
Axle Asia, a prominent insurance broker in Indonesia, has officially changed its name to PT Bolttech Insurance Broker following bolttech’s acquisition of the majority shareholding in Axle Asia in late 2022.
Google’s cloud computing division, Google Cloud, delivered an outstanding fiscal quarter, surpassing analysts’ expectations and propelling the stock of parent company Alphabet up by more than 13% in after-hours trading.
Ten major insurers have now withdrawn services or announced their exit from California, leaving hundreds of thousands of customers without insurance options in the face of increasing threats from natural catastrophes. What does the future hold? Insurtech Insights finds out more.
FlashAid, a Mumbai-based healthcare and insurtech startup, announced it has raised $2.5 million in a pre-Series A funding round.
Aon has completed the acquisition of middle market property and casualty broker NFP from Madison Dearborn Partners and HPS Investment Partners.
Marsh has introduced the Global Alternative Risk Solutions practice, aiming to blend the company’s expertise in parametric solutions, alternative risk transfer, captives, and complex risk.
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.
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