ALL LATEST NEWS

We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.

Climate

Kita Extends Carbon Credit Delivery Coverage to EU and EAA

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.

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Climate

kWh Releases 6th Annual Solar Risk Assessment

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.

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Acquisitions

DOXA acquires CPH Insurance

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.

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Guidewire
Funding

Guidewire Invests in Indico Data

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. 

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Uncategorized

Miller Acquires Bruzon Insurance

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.

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Uncategorized

Earnix Announces Partnership with Verisk

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.

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Funding

FintechOS Completes $60 million Series B+ Round

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. 

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Success Stories

Case Study: Instabase

“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

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AI

Google Cloud Drives Alphabet’s Soaring Stock

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.

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News

Capitola Insurance Officially Rebrands as Flow Specialty

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.

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Amazon-logo
News

Amazon Shuts Down Its Insurance Store Initiative

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.

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Funding

HSCM Secures Over $175 Million for Launch of HS Mohawk Fund I LP

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.

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Uncategorized

The CareVoice Raises US$10 Million in Series B Round

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”). 

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Funding

FEMA Secures US$575 Million Flood Reinsurance for NFIP

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.

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News

GigSmart, Hooray Health, and Zurich NA Forge Partnership

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.

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Uncategorized

Aviva Acquires Probitas for £242 Million in Landmark Acquisition

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. 

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