We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
Kennedys IQ SmartRisk combining generative AI with insight-led structured decision making and regulatory compliance
ResiQuant, an insurtech startup transforming property risk assessment, has announced a $4 million seed funding round led by LDV Capital, with participation from Foothill Ventures, Pear VC, Alumni Ventures, and strategic angel investors.
Sixfold, a pioneer in generative AI solutions for insurance risk analysis, has unveiled a revolutionary AI Accuracy Validator, designed to bolster underwriter confidence in AI-driven risk assessments.
Marsh, a global leader in insurance broking and risk advisory, and a subsidiary of Marsh McLennan (NYSE: MMC), has announced the launch of Cyber Echo Encore, an enhanced version of its flagship Cyber Echo insurance facility.
ZestyAI’s advanced risk platform will boost Lemonade’s Climate and Property risk decisions.
Norm Ai, a compliance AI platform, has secured $48 million in a recent funding round, signaling strong investor confidence in its technology designed to streamline regulatory adherence within the insurance industry and beyond.
Vitesse, a global treasury and payment provider for the insurance sector, and Five Sigma, an AI-powered claims management technology innovator, have announced a strategic partnership aimed at streamlining claims payouts and enhancing customer experience.
FWD Group Holdings Limited (FWD Group) has announced its full-year results for 2024, marking a significant milestone with its first net profit under the International Financial Reporting Standard (IFRS) 17.
In the dynamic world of insurance, innovation is no longer a luxury, but a necessity. At the forefront of this transformation is Joel Agard, Group Head of Innovation at Zurich Insurance Group.
Coalition, a leading provider of Active Insurance focused on proactive digital risk prevention, has released its Cyber Threat Index 2025, revealing critical insights into the evolving cybersecurity landscape.
Heading into Spring 2025, the investment landscape for insurtech is being shaped by the lingering aftershocks of 2024’s volatile global environment.
Allianz Trade, the world’s leading trade credit insurer, today announced the launch of its standalone Business Fraud Insurance in Ireland, to help firms with more than 20 employees combat the growing threat of employee and third-party fraud.
Previsico, an insurtech company specialising in live flood alerts, has secured further funding to support its growth, particularly in the United States.
Manulife has rolled out generative AI (GenAI) tools and learning programs to 100% of its global workforce, marking a significant milestone in its digital transformation strategy.
AXA XL has announced a partnership with Darkweb IQ, a cybercrime prevention firm specializing in ransomware protection, data security, and third-party risk management.
Fadata, a global leader in core insurance software, has launched the latest version of its flagship solution, INSIS, equipping insurers with enhanced capabilities to streamline operations, improve security, and adapt to evolving market demands.
When disaster strikes, policyholders need swift and reliable payouts. Phillip McGriskin, CEO and co-founder of Vitesse, understands this better than most. His company is transforming the insurance claims process with real-time global payments, cutting through traditional bottlenecks and ensuring rapid relief.
InsuranceDekho, a leading Indian insurtech platform, has announced a US$70 million funding round, co-led by Beams Fintech Fund, Japan’s Mitsubishi UFJ Financial Group (MUFG), and insurer BNP Paribas Cardif through its insurtech fund managed by Eurazeo.
Dolphin Technologies has released a no-code platform designed to streamline the implementation of smartphone telematics pilot programs for insurance providers.
CompScience, a leading provider of AI-driven risk prevention solutions in commercial P&C insurance, has secured $27.6 million in a Series B funding round led by Sands Capital.
Lemonade (NYSE: LMND), the homeowners and renters insurance provider, has reported its “best quarter ever”, showcasing strong customer growth and a surge in in-force premiums.
The CareVoice has announced the launch of its next-generation CareVoiceOS platform, a key development following the company’s Series B funding round last year.
Consumer confidence in artificial intelligence (AI) within the property and casualty (P&C) insurance sector is on the decline, according to Insurity’s 2025 AI in Insurance Report.
Adrien Lebègue, CEO of EMEA at Peak3 discusses what lessons UK insurers can take from the APAC region.
The insurance industry has long relied on human expertise to assess and manage risk, says Karim Derrick, Chief Products Officer at Kennedys IQ. Underwriters, claims handlers, and legal professionals play a crucial role in decision-making, balancing data-driven analysis with professional judgment.
In an industry often criticised for its slow adoption of technology, Mohandeep (Deep) Singh is leading a revolution. As the Founder and CEO of Agiliux, a pioneering insurtech company, Singh is on a mission to transform how insurance is distributed, managed, and experienced.
NEXT Insurance has announced a partnership with ZestyAI to integrate artificial intelligence into its underwriting process, aiming to provide small business owners with more tailored and efficient insurance coverage.
With over 20 years of experience in financial services, Marina Belezina has developed a sharp business instinct that has guided some of the biggest players in the industry.
ServiceNow has announced the appointment of Nigel Walsh, the former Head of Global Insurance for Google Cloud, as the new head of its Global Insurance division.
Earnix, a global provider of intelligent decisioning SaaS solutions for regulated industries, has unveiled Earnix Copilot, “Alix,” a generative AI-powered assistant designed to enhance productivity and business performance for insurance and banking organisations.
The UK and US collective decision not to sign a global AI declaration, underscores a growing division over international regulation and raises concerns about the emerging risks of unregulated AI, say insurance business leaders. Insurtech Insights gets the lowdown from Mark Kirby, Professional Services Director at Intersys Ltd. and Risto Rossar, Founder and CEO of Insly.
Intelligent automation specialist, Neutrinos, has launched its AI Agent Composer, a cutting-edge platform designed to help insurers integrate AI-driven decision-making, automate complex tasks, and enhance customer engagement.
Cytora has launched version 3.0 of its digital risk processing platform, featuring enhanced capabilities powered by agentic AI.
Duck Creek Technologies has unveiled its Payments Marketplace, an end-to-end payment ecosystem designed to streamline transactions and enhance customer experiences for insurers worldwide.
Zurich Insurance Group has signed a long-term carbon dioxide removal agreement with Nellie Technologies, marking a significant step in its corporate decarbonization strategy.
Tesla has launched its first-ever insurance discount for drivers using its Supervised Full Self-Driving (FSD) technology, offering savings of up to 10% on premiums for policyholders in Texas and Arizona.
DeepSeek, the Chinese artificial intelligence (AI) model that has taken the tech world by storm, continues to make waves with its latest industry partnership.
Insurtech companies have kicked off 2025 with a bang, securing significant funding rounds in January. This surge in investment signals a promising start to the year for the industry, with investors expressing confidence in the sector’s potential for growth and innovation.
Discover how AI, climate change, and other forces are reshaping the insurance landscape. This list features five webinars to add to the diary, that offer valuable insights and explore innovative solutions for industry professionals.
Previsico, a leader in flood forecasting, has partnered with Descartes, a global provider of corporate parametric insurance solutions.
MGT Insurance, an AI-powered commercial insurance provider, today announced the launch of MGT Specialty, a new surplus lines E&S company.
Descartes Underwriting, a global corporate insurer, today announced the launch of a new parametric insurance product designed to protect utility-scale solar farms against tornado damage.
Weecover, the Barcelona-based insurtech innovator specializing in embedded insurance, today announced the successful closing of a €4.2 million funding round.
DUAL Europe has announced the launch of DUAL Cyber Active Protect, a new product that combines comprehensive Cyber Insurance with proactive Cyber prevention services, and a new entity, DUAL Cyber Prevention and Response (DUAL CPR), which offers customized incident prevention and management solutions.
Celonis has launched a new AI Agent that helps prevent insurance claim leakage. Co-developed by Celonis and Apolix the new Claims Management Control Center app provides end-to-end visibility into the insurance claims process and actionable insights to reduce leakage by optimising throughput time, prioritisation, and process adherence.
Flow Specialty, the wholesale 3.0 specialty commercial brokerage, is announcing the industry’s first AI insurance broker.
Insurity, a leading provider of cloud-based solutions for insurance carriers, brokers, and MGAs, today released its 2025 AI in Insurance Report, highlighting key consumer opinions on the use of artificial intelligence (AI) in P&C insurance, specifically how it pertains to severe weather.
Lazada, Southeast Asia’s leading eCommerce platform, and Peak3, a global leader in insurance technology, have announced the launch of a joint venture (JV) to build the leading digital and embedded insurance ecosystem in Southeast Asia.
Instabase, a leading provider of applied artificial intelligence (AI) solutions for unstructured data, today announced the closing of a $100 million Series D funding round led by QIA, with participation from existing investors Greylock Partners, NEA, Andreessen Horowitz, and Index Ventures.
Neelesh Parekh, Innovation & Growth Director Financial Services & Insurance, Zühlke, discusses ways to streamline and enhance the underwriting process.
Cachet, a leading provider of insurance technology, today announced a new partnership with HDI Global SE and Bolt Drive in Germany.
Prime Minister Sir Keir Starmer has unveiled the government’s ambitious AI Opportunities Action Plan, outlining a vision for the UK to become an AI superpower.
Boxx Insurance has announced the launch of Cyber Assist, a new cybersecurity solution for business travelers, developed in partnership with World Travel Protection.
Agentech, a leader in AI-driven claims automation, has announced its selection for the NVIDIA Inception Program, an exclusive accelerator for startups leveraging AI and high-performance computing.
AXA has become the first global insurer to join the Stanford Human-Centered Artificial Intelligence (HAI) Corporate Affiliate Program.
2024 was a year of significant shifts in the global economy, marked by international conflict, inflation and rising interest rates, an uncertain political future and of course, the start of the AI evolution.
In this latest Thought Leadership piece, Derren Nisbet, CEO of Virtuoso QA discusses the human future of innovation as AI becomes omnipresent.
The most seductive element of AI is its promise to autonomously automate repetitive tasks, but its potential reach extends well beyond this to encompass many high-skilled roles that involve structured processes, says James Bent, VP of Solutions Engineering at Virtuoso QA
As we step into 2025, the insurance industry is poised for significant transformation. Leaders from across the globe have shared their insights on the key trends shaping the future of insurance. From the rise of digital innovation to the evolving risk landscape, these predictions offer a glimpse into what the year ahead holds.
In this latest Thought Leadership article, Teo Blidarus, CEO and Co-Founder of FintechOS discusses the future of Agentic AI
Flow Specialty, a leading specialty insurance wholesale broker, today announced the launch of Platformless AI, a groundbreaking approach to redefining the wholesale insurance experience.
CyberCube, a leading provider of cyber risk analytics, has announced a strategic partnership with the global insurance brokerage firm, HUB International.
James Bent, VP of Solutions Engineering at Virtuoso QA, explores strategies insurers can adopt to enhance AI alignment with business goals, in this latest Thought Leadership article.
Zurich Resilience Solutions, the risk advisory division of Zurich Insurance Group, has launched Climate Spotlight, a cutting-edge digital tool designed to help organisations better understand and manage climate risks.
Stephen Costello is the CEO and co-founder of Spectrum.Life – a trailblazing healthtech company that launched in 2018 and is revolutionising the way insurers, employers, and educators approach health, mental health, and wellbeing.
Tesla released its Q3 2024 financial results for its insurance carriers, highlighting significant growth in written premiums alongside continued underwriting losses.
Global digital solutions provider leverages three decades of expertise to drive transformative change in insurance and investment industries.
Insurtech startup Federato has announced the successful close of a $40 million Series C funding round, led by StepStone Group, with continued backing from existing investors Emergence Capital, Caffeinated Capital, and Pear VC.
ACORD Solutions Group, a leading provider of next-generation digital solutions for the global insurance industry, today announced the launch of ADEPT Placing, a new capability within its ADEPT data exchange platform.
Previsico has been ranked 14th in the 2024 Deloitte UK Technology Fast 50, a prestigious list celebrating the 50 fastest-growing technology companies in the UK.
Guidewire has recognised the Alberta Motor Association, Ascot Group, and Mountain West Farm Bureau along with its subsidiary, 360 Insurance Company, as the winners of its 2024 Innovation Awards.
Coalition has announced the launch of Security Copilot, an AI-powered assistant designed to provide real-time, personalised guidance for managing cybersecurity risks.
Guidewire Software has introduced its latest platform release, Las Leñas, and showcased new AI-driven capabilities during its annual customer conference, Connections.
Lemonade has announced plans to provide detailed updates on its ambitious growth strategy, targeting a tenfold increase in its “force premium” from US$1 billion next quarter to $10 billion in the coming years.
Oyster, a leading insurance platform for commerce, has unveiled a suite of new digital products designed to modernize the P&C insurance experience for small and medium-sized businesses.
Crux Underwriting, a leading specialty MGA, has announced a strategic partnership with mea.
Branch Insurance, a forward-thinking carrier focused on streamlining insurance through data, technology, and automation, has significantly enhanced its claims notification process by integrating Kyber’s AI-powered platform.
Survey of 200 senior Property & Casualty insurance executives by ZestyAI has revealed rapid adoption of AI risk assessment models for wildfires and severe convective storms
Earnix, a leader in AI-driven, real-time decision-making solutions for the insurance and financial services industries, has released its 2024 Industry Trends Report, based on its annual survey of over 400 insurance executives worldwide.
Accelerant Holdings has announced the public release of its advanced digital platform, app.accelerant.ai, aimed at enhancing underwriting and risk management capabilities for insurers and risk capital partners.
Previsico has announced the launch of its advanced AI-driven flood forecasting alert service in the Republic of Ireland.
Simon Torrance, Founder and CEO of AI Risk, describes what he sees as the most advanced deployment of ‘Agentic AI’ anywhere in the insurance industry today, setting it in the context of other forms of AI-enabled augmentation and automation, and proposing a holistic approach to AI strategy that will help companies succeed in the Age of AI.
Leading insurtech platform Bolt has announced a collaboration with Salesforce to launch Bolt for Salesforce on Salesforce AppExchange.
The Hartford and Coalition today announced a strategic, long-term capacity partnership to address the increasing demand for innovative cyber insurance solutions in the UK market.
Property and specialty (re)insurer IQUW has announced a strategic partnership with mea, an AI-driven processing platform tailored for the (re)insurance industry, to enhance its underwriting efficiency and streamline broker interactions.
Glia, a leading provider of customer interaction technology, has announced a new integration with Insurity’s Workers’ Comp Suite.
MetLife UK has partnered with YuLife to launch a new Group Income Protection proposition for the UK market.
The EU AI Act was officially published by the European Commission in July 2024 after months of development. It is the first legislation aimed at regulating the development and use of AI across industries, with the goal of protecting the fundamental rights of citizens, writes Vlad Flamind, Lead Data Consultant, Zühlke
ZestyAI, a pioneer in AI-powered climate and property risk analytics, has partnered with Donegal Insurance Group to implement its new Roof Age solution for their Personal Lines business.
Insurtech Insights explores 15 innovative companies at the forefront of telematics, showcasing their groundbreaking solutions that leverage data analytics, real-time monitoring, and connected vehicle technology to reshape the insurance landscape and improve customer experiences.
In a significant step towards sustainability, F&P, the Danish trade association for insurance companies and pension funds, has expanded its strategic partnership with Solera.
INSHUR, the multi award-winning global embedded insurance provider to the on-demand economy, has raised USD $19m in its latest funding round.
FWD Group has announced new leadership appointments for its Malaysian operations. Aman Chowla will assume the role of Chief Executive Officer for FWD Takaful, while Mak See Sen will join the company as Chief Executive Officer of FWD Insurance Berhad. Both appointments will be effective on November 18, 2024.
AXA XL has announced the launch of a new coverage extension for its cyber insurance product designed to address specific risks associated with generative AI (Gen AI).
Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, has announced significant updates to its flagship DriveWell Risk and DriveWell Crash & Claims Product Suites.
Agentech, a leading AI-powered workforce solution for insurance claims, has raised $3 million in seed funding within 30 days, setting the stage for expansion into Property & Casualty (P&C), Workers’ Compensation, and Travel claims workflows.
Kroll, a leading global risk and financial advisory firm, announced the appointment of Katherine Keefe as Managing Director and Global Cyber Insurance Industry Lead.
Herald, a leading digital infrastructure provider for commercial insurance, has announced the successful close of a $12 million Series A funding round.
Insurtech Insights has partnered with ITN Business and is set to launch a new programme, “Redefining Insurance,” at the Insurtech Insights Europe Conference on March 19-20, 2025.
mea Platform has announced the renewal and expansion of its strategic partnership with AXIS, a global leader in specialty insurance and reinsurance.
Launching an insurtech in today’s rapidly evolving landscape is no easy feat. ComplyTek’s founders, brothers Christos and Anastasios Ttiniozou, share their experience with Insurtech Insights.
Inari, a leading provider of core technology solutions for the insurance industry, has announced a new partnership with Diesta, a provider of premium processing platforms for insurance intermediaries.
LexisNexis Risk Solutions has announced the launch of LexisNexis Life Smart Path, a new solution designed to streamline the life insurance application and underwriting process.
Gradient AI, a provider of enterprise artificial intelligence solutions, has announced its partnership with Michigan Planners, a leading insurance agency specialising in employer group benefits.
Stream Claims, an insurtech startup specialising in AI-powered medical document review for workers’ compensation, has raised $5.3 million in a seed funding round led by Spark Capital.
Qantev, a leading provider of AI-powered claims management solutions for health and life insurers, has secured €30 million in a new funding round led by Blossom Capital.
InsurTech company Intelligent AI has teamed up with the Building Cost Information Service (BCIS), a renowned organisation with over 60 years of expertise in construction cost data, to launch an innovative AI-powered platform designed to revolutionise property reinstatement cost assessments.
The frequency and severity of large cyber insurance claims have risen sharply in 2024, driven by a growing number of data and privacy breaches, according to Allianz Commercial’s latest cyber risk outlook.
Majesco has announced the launch of its highly anticipated Fall ’24 Release, featuring transformative innovations designed to redefine the insurance industry.
AI is swiftly transforming the insurance industry, and is mainly driven by insurtech startups that are at the forefront of adopting the cutting-edge technology.
Starwind Specialty Insurance Services, a subsidiary of TIH, has announced a partnership with Stone Point Credit to establish Fractal Re, a new collateralised reinsurer aimed at enhancing reinsurance capacity across Starwind’s diverse portfolio of casualty programmes.
Lockton has announced the launch of Lockton Pulse, a cutting-edge digital insurance platform designed to cater to the needs of small and medium-sized enterprises (SMEs) and individuals in Australia.
Adaptive Insurance has unveiled a groundbreaking parametric insurance platform powered by artificial intelligence (AI), aimed at transforming how businesses manage climate-related risks.
AXA Climate has launched Altitude, a groundbreaking platform designed to assist businesses in measuring climate risks, implementing adaptation strategies, and fulfilling Corporate Sustainability Reporting Directive (CSRD) requirements.
Duck Creek Technologies, a leader in intelligent solutions for property and casualty (P&C) insurance, has launched its new Duck Creek Payments Facilitator, a comprehensive payment solution tailored specifically for the insurance industry.
Manulife has announced the adoption of Generative Artificial Intelligence (GenAI) to improve business processes and elevate customer service across Asia, with Singapore as the first market for the rollout
Fathom, a leading provider of catastrophe risk modeling solutions, has launched Global Flood Cat, a comprehensive flood catastrophe model that empowers risk managers to accurately assess financial losses from flood events.
Earnix, a global leader in intelligent decisioning SaaS solutions for the financial services sector, has launched Earnix Lending Plus, a comprehensive AI-powered platform that merges advanced pricing analytics with automated credit risk decisioning.
Nym, a leading Israeli healthtech startup, has secured $47 million in a growth investment round led by PSG.
Insurity, a leading provider of insurance software, has introduced a new AI-powered document intelligence solution designed to streamline data extraction processes for insurers and MGAs.
Cyber insurance provider Cowbell has strengthened its leadership team as it prepares for significant growth.
Jakarta-based Health insurtech startup Rey has secured an additional $3.5 million in funding to expand its AI-powered health insurance platform.
EXL has launched a new AI model designed specifically for the insurance industry.
Insurtech is revolutionising the insurance industry, bringing innovative solutions to traditional practices. As the sector continues to evolve rapidly, funding plays a crucial role in driving growth and innovation.
Former chemical engineer turned insurtech pioneer, Bill Song, shares the journey that led him to launch Peak3, a leading provider of digital solutions for the global insurance industry.
AXA UK has launched a new digital service designed to streamline the insurance claims process for customers.
West Bend Insurance Company has announced an expansion of its partnership with ZestyAI, a leading provider of climate and property risk analytics powered by artificial intelligence (AI).
Envelop Risk, a leading UK-based global specialty cyber reinsurance MGA with offices in Bristol, London, Bermuda and San Francisco, has announced the launch of a new services business, Envelop Risk Solutions.
Global insurance broker Howden has launched a new platform designed to assist clients in evaluating and addressing climate-related challenges.
Majesco, a leading provider of cloud-based insurance software, has announced the launch of its new AI ecosystem powered by Majesco Copilot.
Allianz Partners USA has introduced a redesigned Universal Claims Portal, aimed at simplifying the travel insurance claims process for customers.
The use of AI to manipulate insurance claims is on the rise in the UK, with nearly one in four claims suspected of involving falsified data, according to new research by claims automation company Sprout.ai.
Seguros Lagun Aro, a prominent player in the Spanish insurance market, has announced a strategic partnership with Akur8, a cutting-edge insurance pricing and reserving platform powered by Transparent AI. The collaboration aims to streamline Seguros Lagun Aro’s pricing processes for its Property and Casualty (P&C) offerings, enhancing both efficiency and pricing accuracy.
Roots Automation, an AI-driven solutions provider for the insurance industry, has secured $22.2 million in a Series B funding round led by Harbert Growth Partners, with participation from MissionOG, Liberty Mutual Strategic Ventures, and Vestigo Ventures.
Insurity, a leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has been named to the 2024 IDC FinTech Rankings Top 50.
Swiss Re has selected mea platform’s Generative AI (GenAI) solution for its global reinsurance and insurance operations, marking a significant expansion in the companies’ partnership.
Lemonade CEO and Co-Founder, Daniel Schreiber will headline as a main stage speaker at Insurtech Insights Europe 2025.
Assuria N.V., the largest insurance provider in Suriname, is advancing its digital transformation by adopting Equisoft’s cloud-based policy administration system and advisor tools.
The recent news that leading BNPL fintech, Klarna, has shed 700 staff (half its workforce) following the adoption of AI tools – and is more streamlined and profitable than ever before – should come as a wake-up call to many in the financial services space.
Akur8, a provider of machine learning-based insurance pricing solutions, has announced the acquisition of Arius®, a property and casualty (P&C) reserving software.
Starkweather & Shepley Insurance Brokerage, Rhode IIsland’s largest insurer, has launched an AI-powered platform designed to streamline the insurance procurement process and optimise underwriter risk assessment.
Vertafore, the leader in modern insurance technology, announced its latest innovation to empower benefits brokers: automated importing for SBC data into BenefitPoint.
Cambridge Mobile Telematics (CMT), the world’s leading telematics service provider, has further strengthened its European operations by appointing Rima Khetab as the Director of Sales for France and Benelux.
The idea for Canopy Connect sprang from a chance conversation at a dinner – and was prototyped over a weekend. Insurtech Insights talks to Tolga Tezel about his extraordinary startup journey.
GoHealth, a prominent health insurance marketplace, has announced a significant step forward with its acquisition of e-TeleQuote Insurance, a well-regarded player in the Medicare insurance market.
Flowcode, a marketing technology platform, has entered into a partnership with REIN, an embedded insurance technology company, to simplify the process of purchasing insurance. The collaboration aims to enhance the ease with which customers can obtain quotes and secure coverage.
A recent survey by Insurity, a leading provider of cloud-based software and analytics for the insurance industry, has revealed a notable shift in consumer priorities when choosing insurance providers, especially in the face of increasing severe weather events.
Aimii, an AI-specialist, has announced it is partnering with RiverStone International, a leading global acquirer and reinsurer of legacy and discontinued insurance business.
Penguin Benefits was founded by Chengchen Li in 2020, following her own journey through the complex maze that is the parental benefits space.
Aon has launched its Directors and Officers (D&O) Risk Analyzer, a cutting-edge digital tool designed to help risk managers of US-listed public companies make data-driven, technology-enabled decisions to mitigate executive risks.
Prudential plc (Prudential) has announced a significant expansion of its strategic partnership with Google Cloud to develop innovative AI-powered products and applications aimed at enhancing experiences for customers, agents, and employees.
Tesla is now providing state-specific discounts for policyholders in the 12 states where Tesla Insurance is available. The discounts are designed to reduce insurance costs by leveraging safety features, multi-car policies, and defensive driving courses.
RegSearch, the compliance and risk management insurtech, has rebranded its AI product to better reflect the company’s values and mission.
Insurity, a leading provider of cloud-based software and analytics for insurance carriers, brokers, and managing general agents (MGAs), has introduced its latest innovation, the Insurity Spreadsheet API.
INSTANDA, a leading global no-code insurance platform provider, has announced the appointment of Professor Andy Pardoe as its Interim Chief AI Officer. This marks the first time the company has created this role, underscoring its commitment to integrating advanced artificial intelligence into its operations.
Cybercriminals have refined their strategies to capitalise on vulnerabilities arising from business mergers, acquisitions, and the consolidation of software vendors, according to the Midyear 2024 Cyber Risk Report by Resilience, a leading cyber risk solutions company.
Aventum, an international (re)insurance group, has announced it is investing in the development of an innovative AI Underwriting Assistant, following the conclusion of its inaugural Bear Cave Innovation Challenge.
Hiscox has announced today that it is rolling out its AI-Enhanced Lead underwriting model to all London market brokers following a successful proof of concept.
Gradient AI, a leading provider of artificial intelligence (AI) solutions for the insurance industry, has raised $56.1 million in its latest Series C funding round.
The global IT outage on July 19, 2024, has triggered a significant shift in the cyber insurance sector, prompting carriers and brokers to reevaluate and accelerate their approach to innovation.
The partnership will provide insurers with AI-powered research and due diligence to enable more accurate underwriting and fraud detection
Scamnetic, a startup leveraging advanced AI to protect users against a wide range of digital scams, has successfully closed a $1.35 million pre-seed funding round.
AI can complicate rather than simplify and reinsurers should take a circumspect approach to replacing legacy processes, according to Nicholas Berg and J.C. Brueckner of SCOR
Carrot General Insurance, a leading South Korean insurtech firm, has secured exclusive rights from the General Insurance Association of Korea (GIAK) to implement its Behavioral-Based Insurance (BBI) system for six months.
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.
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.
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.
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.
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.
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.
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.
Insurtech Insights speaks to three parametric experts about why this swift and transparent approach to insurance is gaining ground in our increasingly unstable climate.
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.
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
Cytora, a leader in transforming underwriting workflows within the insurance industry, has announced the integration of Autoaddress’ Address Capture into its underwriting productivity tool.
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.
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.
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.
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.
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
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.
CompScience Insurance Services has launched its latest innovation, the SafetyBriefAI App, aimed at transforming job-site safety management for insurance brokers.
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.
OpenRoad Insurance has selected and implemented Majesco’s P&C Intelligent Core Suite, Digital Customer360, and Digital Agent360.
Sapiens International Corporation has launched its AI-powered, open, integrated, cloud-native platform, Sapiens Insurance Platform.
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.
Insurtech funding has seen a significant uptick in recent weeks with raises almost reminiscent in frequency of the 2021 digital transformation boom.
In a surprising turn of events, Elon Musk has withdrawn his breach of contract lawsuit against OpenAI and its CEO, Sam Altman.
Instabase, a leading AI company, has launched AI Hub Chatbots, designed to meet the rigorous demands of sophisticated enterprises.
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.
Sixfold, a generative AI insurtech for underwriters, has raised $15 million in a Series A round.
CoverGo, the no-code SaaS insurtech platform, today announced it is launching CoverGo Distribution, an AI-powered insurance platform for omni-channel distribution.
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.
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.
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.
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”.
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.
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.
Lloyd’s Lab, the renowned 10-week innovation accelerator, is now accepting applications for its 13th cohort.
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.
Ben Potts, Managing Director International, at Novidea, discusses how data analytics is transforming the insurance landscape throughout Southeast Asia.
Munich Re Specialty – North America has announced its collaboration with Kalepa, a prominent InsurTech leader, to deploy the Copilot underwriting platform.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Tesla is recalling 3,878 Cybertrucks to address a faulty accelerator pedal pad that could come loose and become trapped in the interior trim.
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.
Sayata, a leading provider of innovative insurance solutions tailored for small and medium-sized businesses (SMBs), has launched the Sayata Risk Engine.
Karim Derrick of Kennedys IQ explores the risks and rewards as the sector looks to an AI future.
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.
Security and risk management startup SydeLabs announced their seed funding round of $2.5m to build solutions aimed at securing GenAI systems for enterprises.
Coalition has unveiled a new addition to its US Surplus and Canada Cyber Insurance policies: the Affirmative Artificial Intelligence (AI) Endorsement.
Verisk has partnered with Seek Now to transform the claims assessment procedure within the property insurance domain.
Global insurance leader MAPFRE proposes four scenarios and the role that the insurance industry will play in them
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
Physicist and former rocket scientist, Dr Christian Westermann, is taking Zurich’s AI transformation stratospheric. Insurtech Insights finds out more.
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 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.
Aon has announced its acquisition of Humn.ai’s technology assets and intellectual property, aimed at bolstering its commercial fleet proposition.
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.
FWD Group Holdings Limited (“FWD Group” or “FWD”) has announced a four-year extension of its partnership with Microsoft.
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.
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.
In a move set to invigorate retail agents across the sector, a strategic partnership has been forged between Capitola and Ategrity Specialty Insurance Company.
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.
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.
Verisk has launched its automated generative artificial intelligence (generative AI) record summary feature within Discovery Navigator.
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.
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.
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.
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.
Insurance industry finally ready for digital transformation with 75% of insurance organisations ready to swap core management platforms by 2025 – Novidea global report reveals
AgentSync has launched the ProducerSync API, the inaugural offering in its commercial API suite, aimed at streamlining insurance producer onboarding and compliance procedures.
Simon Hughes, VP and General Manager at Cowbell discusses mitigating risk at the broker level through a four-stage framework
Affectionately known as ‘The InsurTech Queen’, Sabine VanderLinden is a pioneer in the startup space. Insurtech Insights unravels her story.
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.
In its 13th annual release, the Allianz Risk Barometer has cast a spotlight on the paramount business risks for the year 2024.
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.
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.
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