We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
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.
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.
PwC has achieved the Guidewire Migration Acceleration Specialisation, aimed at facilitating insurers’ transition to Guidewire Cloud with enhanced efficiency and cost-effectiveness.
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.
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.
Sayata, a leading provider of innovative insurance solutions tailored for small and medium-sized businesses (SMBs), has launched the Sayata Risk Engine.
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.
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.
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.
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.
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.
The integration of Equisoft/illustrate, a powerful insurance illustration software, streamlines sales processes and accelerates Family Guardian’s digital transformation.
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.
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
EIP’s dynamic CEO and Founder, Ross Sinclair tells us what it was like, to launch an insurtech, before insurtech was a ‘thing’
In a move to bolster its digital capabilities, property and casualty insurer Encova Insurance has announced its partnership with Guidewire.
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.
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.
Krishna Moorthy is a Senior Lecturer, Consultant Surgeon and now, the Director and Founder of Alvie Health – an insurtech with a difference.
Optalitix has introduced significant enhancements to its flagship products, Optalitix Models and Optalitix Quote.
Zinnia has announced its acquisition of the life and annuity assets of Ebix, a renowned supplier of software solutions.
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.
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.
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.
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.
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.
Switzerland-based startup CarbonPool, founded by former Allianz executives, has successfully concluded a significant funding round aimed at revolutionising the carbon credit market.
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.
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.
Spotr, an innovative Dutch AI-powered property data platform, has successfully secured €4.5 million in funding.
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.
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.
Verisk has taken action to meet the demands of claims organisations in the insurance industry by introducing the Verisk Claims Advisory Board.
Motor insurer, Zego, has announced the official launch of its new Business Van Insurance product.
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
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.
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.
PCF Insurance Services has announced its partnership with AgentSync.AgentSync, a leading player in insurance producer and compliance management.
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.
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.
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.
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.
Howden has reported a notable shift towards stability in the reinsurance market in its latest annual market report, entitled, “A New World.”
Devoted Health, the tech-enabled Medicare Advantage startup, has successfully secured US$175 million in fresh funding.
Independent insurance broker Lockton has partnered with Artificial Labs, a pioneering insurtech specialising in algorithmic underwriting.
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.
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.
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.
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.
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.
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.
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.
BirdsEyeView, an insurtech startup backed by the European Space Agency, has successfully concluded a funding round, securing a significant seven-figure investment.
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.
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.
Insurance industry leaders discussed the remarkable comeback of OpenAI’s CEO, Sam Altman, following his equally unexpected fall from grace just days ago.
Marsh McLennan has introduced LenAI, a revolutionary generative AI tool crafted at the company’s Dublin Innovation Centre in collaboration with Oliver Wyman Digital
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.
Chubb has unveiled a significant expansion in its digital integration capabilities through the introduction of a new developer portal within Chubb Studio®.
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.
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.
Guidewire has joined forces with Swiss Re Reinsurance Solutions to transform the insurance landscape by leveraging cutting-edge technology.
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.
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
Citizens Property Insurance Corporation, a prominent not-for-profit insurer based in Florida, is set to enhance its underwriting capabilities by adopting Verisk’s Aerial Imagery Analytics solution.
Lemonade will hit profitability in the next 24 months, says the insurtech’s CEO, Daniel Schreiber, who also said the Israeli/American company was rallying, despite the geopolitical turmoil from the war in Gaza.
Paris-based insurtech Flitter has successfully secured €3.5 million in a recent funding round aimed at expanding its usage-based car insurance offerings.
Federato has unveiled a groundbreaking partnership with Google Cloud to integrate cutting-edge capabilities into its RiskOps underwriting platform.
As Storm Ciaran continues to batter the UK, PwC UK has forecasted insurance losses stemming from Storm Babet, estimating the range to be between US$550-$800 Million.
Cyber insurance pricing has witnessed a 2% global decrease in the third quarter of 2023, marking the initial average downturn since the latter half of 2018, as reported by insurance broker and risk advisor Marsh, a subsidiary of Marsh McLennan.
WTW has announced a strategic collaboration with CSAA Insurance Group, leveraging WTW’s cutting-edge Radar software.
Insurtech Insights sits down with Socotra’s Chief Business Officer, Ekine Akuiybo to find out why technology will address California and Florida’s current problems, and how AI fits into the whole equation
The Consolidated Appropriations Act of 2023, introduced earlier this month impacts all insurers in the US offering the latest data collecting devices.
Guidewire has announced a new collaboration with EvolutionIQ as a new Solution partner on Guidewire PartnerConnect.
Upfort, a San Francisco-based cybersecurity and insurance provider, has successfully raised $8 million in a Series A funding round.
Insurtech firm DGTAL has introduced GRABBER, a cutting-edge Intelligent Document Processing tool, as part of its Software-as-a-Service (SaaS) platform specialising in AI-driven audit solutions for insurance portfolios.
Canopy Connect, the leading platform for collecting, verifying, and monitoring insurance information has announced the closing of a US$6.5 million Series A funding round.
Singapore-based cyber risk management firm, Protos Labs, has triumphantly concluded its seed funding round, raising US $2.1 million (SGD $3 million).
Leading cloud-based customer communications management (CCM) solutions provider, Messagepoint, and prominent codeless platform, Unqork, have forged a partnership to empower life insurers in the pursuit of modernising customer experiences effortlessly, without the need for coding.
ClimateTech firm Previsico, renowned for its live flood alert solutions, has successfully concluded its latest funding round, marking a substantial increase in valuation compared to the previous round in August 2021.
AXA XL Risk Consulting has launched AXA Immersive Solutions, a groundbreaking training solution that harnesses the power of Virtual Reality (VR) and Digital Twin technologies.
Arity, a prominent mobility and data analytics company, has officially launched its Arity IQSM network and attributes dataset on Google Cloud’s data exchange platform, Analytics Hub – a platform that empowers auto insurers with enhanced pricing accuracy.
James Cowen, Chief Commercial Officer (CCO) at HUMN.ai, discusses how telematics is revolutionising risk management for fleet managers
Prove, a leading provider of digital identity solutions, has successfully concluded a funding round, raising $40 million. The funding round was led by MassMutual Ventures and Capital One Ventures.
A recent report by Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, claims that up to 90% of insurers are at a disadvantage due to their current operating models, deemed inadequate to meet future business needs.
Lloyd’s has unveiled a startling assessment of the global economy’s vulnerability to a potential cyber attack, estimating a staggering $3.5 trillion in losses over a five-year period.
Lockton Re has entered into a long-term partnership with Supercede, a leading reinsurance technology provider, to refine its reinsurance data processing.
A recent investigation by Hiscox has uncovered a disturbing pattern of escalating cyber attacks on businesses, marking the fourth consecutive year of growth in such incidents.
Lloyd’s has launched a groundbreaking systemic risk scenario, unveiling the potential worldwide economic consequences of extreme weather events leading to food and water shocks.
Ukraine has officially launched a data platform, developed with the support of Marsh McLennan, providing a robust tool for insurers, investors, and governments to assess war risks within the country.
A new report from Swiss Re has found that China has leapt an incredible 10 places, according to the insurance giant’s index on digital adoption – documented in a new report from the Swiss Re Institute.
In a groundbreaking move, global re/insurance broker Aon has undertaken a significant transformation in its reinsurance claims processing, leveraging the advanced capabilities of the Appian Platform
Kita, a leading carbon insurance specialist and Lloyd’s of London coverholder, has joined forces with Puro.earth, an ICROA-backed carbon standard.
Breach Insurance, a Boston-based global insurance underwriter that provides insurance technology and regulated insurance products for the cryptocurrency market, has announced the launch of Crypto Shield Pro – an innovative crypto custody insurance policy for institutional clients of crypto custody solutions.
Majesco has announced that it ranked as the #1 leader in Quadrant Knowledge Solutions “SPARK Matrix: P&C Core Insurance Platform, 2023” and SPARK Matrix: Life Insurance Policy Administration System, 2023” reports.
SkyWatch, a leader in digital insurance has announced the strategic acquisition of Droneinsurance.com’s assets.
Akur8, the next generation insurance pricing solution powered by transparent machine learning, is excited to announce its Platinum sponsorship of the 2023 CAS Annual Meeting for the third year in a row.
Reserv, a frontrunner in AI-powered insurance claims processing, has successfully concluded its Series A funding round, securing $20 million to enhance its generative AI tools for claims data analysis.
Laura Kauther, Commercial Director at ELEMENT, discusses why ‘insurers’ will still thrive when the word ‘insurance’ is not relevant anymore.
With a passion for technology and 25 years in the fintech space, Teo Blidarus, CEO and Co-Founder of FintechOS, is on a mission to make financial innovation available to all companies globally. Insurtech Insights caught up with him to find out more.
Joel Agard, Zurich Insurance Group’s (Zurich) Group Head of Innovation, and Antony Elliott, Zurich’s Group Head of Digital R&D, are responsible for coordinating and managing one of the most respected accelerator programmes in the insurance industry globally – the Zurich Innovation Championship. Joanna England caught up with them to find out more.
Pibit.ai, an insuretech revolutionising commercial underwriting with AI automation, has announced its partnership with Guidewire’s Insurtech Vanguards programme, an initiative led by property and casualty (P&C) cloud platform provider, Guidewire (NYSE: GWRE), to help insurers learn about the newest insuretechs and how to best leverage them.
Parametric insurtech Blue Marble and global conglomerate Nestlé, have partnered to deliver weather insurance to coffee farmers in Indonesia.
CoverGo, a leader in the global Software as a Service (SaaS) no-code insurance core platform for health, property and casualty (P&C), and life, has secured a patent for its cutting-edge drag-and-drop product builder.
London-based Managing General Agent (MGA), Skyrisks Ltd., specialising in the advanced air mobility (AAM) sector, has marked its official launch, buoyed by a substantial investment and capacity support from Convex Group, a prominent specialty re/insurer.
Resistant AI, specialists in financial crime prevention harnessing the power of AI and machine learning, have announced a strategic partnership with Instabase, a leading unstructured data automation platform.
In a swift response to potential concerns related to reinforced autoclaved aerated concrete (RAAC), AXA Commercial has harnessed the power of an advanced AI tool, significantly expediting its ability to identify affected customers.
HealthTech GRAIL has secured a coveted spot on Fortune’s 2023 Change the World List. This marks the ninth year of the prestigious list, which highlights companies making positive contributions to society through activities integral to their core business.
Measured Analytics and Insurance, a prominent cyber insurance Managing General Agency (MGA) based in the US, has introduced CyberGuard 2023, a state-of-the-art AI-driven cyber insurance product designed to fortify the cybersecurity defenses of Small and Midsize Enterprises (SMEs).
At-Bay has announced the recent appointment of Kristie Felton as the insurtech’s new Head of Insurance.
On-demand insurance platform INSHUR has launched its insurance offering for on-demand livery drivers in Arizona, its second state in the US following its success in New York.
QBE North America, the global insurance leader helping customers solve unique risks, in partnership with Leading Cities, has unveiled the 10 finalists for the 2023 QBE AcceliCITY Resilience Challenge main track, along with the victors of the property tech track.
USAA, a leading financial services provider, has announced an expansion of its collaboration with Resideo Technologies, based in Scottsdale, Arizona, to bolster its commitment to safeguarding homes and optimising efficiency.
Aon plc has launched its cutting-edge insurance solution, FI Protect 360, in collaboration with esteemed London market insurers.
Chubb has entered into a strategic partnership with SentinelOne, a frontrunner in the cybersecurity industry. The collaboration aims to revolutionise cyber risk management practices for businesses across the US.
Peppercorn, the conversational AI platform designed for the insurance sector, has partnered with Aurum Solutions, specialists in next-generation reconciliation software, to streamline their reconciliation processes.
Bold Penguin has forged a strategic partnership with NEXT Insurance, a leading technology-driven insurer specialising in small businesses, with the aim of enriching the range of coverage options available on the Bold Penguin Terminal.
Redline Underwriting, a Managing General Agent (MGA), has achieved official recognition as a Lloyd’s coverholder, marking a milestone in its ongoing expansion efforts.
Hexure, a leading provider of sales and regulatory automation solutions catering to the life and annuity sector, has officially completed the acquisition of Vive, an innovative startup specialising in quote and e-submission solutions for the life insurance industry.
Guidewire has announced that specialty P&C insurer RLI, a US-based specialty property and casualty (P&C) insurer, implemented Guidewire ClaimCenter on Guidewire Cloud to power its claim operations and enhance the claim experience for agents and policyholders.
Allianz Versicherungs-AG has announced it is expanding its partnership with Fleetpool – one of the largest providers of car subscription models in the B2C and B2B2E sectors in Germany – in a targeted manner to usher in more ESG mobility offerings and support net zero regulations in Germany.
In a groundbreaking move, Mulberri, an innovative AI-driven embedded insurance startup, has unveiled its cutting-edge Certificate of Insurance (COI) platform.
Markel, a prominent specialty insurer, and cutting-edge insurtech firm Cytora have unveiled the extraordinary outcomes of their collaborative effort, which have led to an astounding 113% increase in productivity (Gross Written Premium per Full-Time Equivalent) for Markel’s underwriting team.
Authentic, the turnkey insurance platform catering to vertical Software-as-a-Service (SaaS) enterprises, has successfully raised US$5.5 million in seed funding.
New York City, Washington DC, and Los Angeles are among the major US cities that have the highest chance of experiencing outbreaks of damaging civil unrest in the next 12 months, according to a new predictive data model released by Verisk’s global risk intelligence unit, Verisk Maplecroft.
New technologies are enabling businesses to predict a whole new spectrum of risks related to political instability, rioting, strikes, terrorism, warfare and more. Insurtech insights talks to Torbjorn Soltvedt, Principal Analyst at Verisk Maplecroft, to find out how.
NEXT Insurance, the prominent digital small business insurer, has unveiled a game-changing feature that empowers agents to finely customise coverage quotes, thus better serving the unique requirements of their small business clientele.
Planck has unveiled an innovative underwriting tool named Planck PLUS – a new platform that incorporates advanced Generative AI (GenAI) functionalities, marking a significant milestone in the evolution of underwriting processes.
Hollard has successfully expedited its operations with the adoption of the cloud-based Guidewire ClaimCenter. The insurer’s transition to this innovative platform has yielded promising results.
From showroom sales to CEO, Sri Ramaswamy, Founder of Charlee.AI, talks to Insurtech Insights about her climb to the top and her passion for insurtech
In our latest insurtech investment funding round-up, we look at SEVEN companies that have raised significant amounts of capital that will drive their scaling strategies and disruption in the industry.
Beam Benefits, a trailblazing digital employee benefits company, announced today that it has successfully secured $40 million in funding.
Blackstone has launched a new restructuring effort, consolidating its corporate credit, asset-based finance, and insurance divisions into a unified entity known as Blackstone Credit & Insurance (BXCI).
Chubb has today announced the launch of a new Lloyd’s of London consortium it will lead that is designed to provide insurance coverage for risks associated with the transit and storage of lithium batteries.
In a strategic move geared towards strengthening its renewable energy insurance services in Brazil, Tokio Marine, a major international specialty insurer, has forged a partnership with Clir Renewables (Clir), a global market intelligence platform specialising in wind and solar energy.
Cincom Systems®, a global leader in Customer Communications Management (CCM) solutions, has announced a strategic partnership with Socotra Inc.
Private specialty insurance group, Coaction Global, has secured approximately US$200 million in a recent capital injection to propel its evolution into a comprehensive specialty insurance provider.
DGTAL, a pioneering insurtech specialising in AI-powered tools for insurance portfolios, has successfully secured US$3 million in strategic funding from various investors.
Inari, a Barcelona-based insurtech that provides core technology infrastructure for the global insurance and reinsurance sectors, has raised US$5.2 million in funding through a seed round led by Caixa Capital Risc in partnership with Criteria Venture Tech.
The latest data from Swiss Re suggests the non-life reinsurance sector will continue to see growth, as insurers proactively anticipate and manage risks to catastrophic events.
CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, today announced its $24 million Series C funding, bringing its total funding to $60 million.
Partners Life, one of New Zealand’s largest private life and health insurance companies, has become the first insurer to successfully launch medical claims on the FINEOS Platform, as outlined in a new case study.
Insurity, a provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has unveiled Circ, its cutting-edge regulatory solution designed to monitor, analyse, interpret, and execute regulatory modifications.
Verisk Maplecroft, the risk intelligence business arm of Verisk, has launched a new predictive strikes, riots, and civil commotion (SRCC) data model, providing forecasts for thousands of global locations on the potential for damaging civil unrest events to emerge.
SME cyber insurance provider Cowbell, will expand its offerings in the UK with the launch of its AI-powered standalone cyber insurance programme – Cowbell Prime One.
In a groundbreaking partnership, the International Federation of Red Cross and Red Crescent Societies (IFRC), along with Aon, Lloyd’s Disaster Risk Facility, and the Centre for Disaster Protection, has unveiled a revolutionary financial tool aimed at transforming disaster response efforts.
ACORD, the standards-setting body for the global insurance industry, today announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate the efficient exchange of insurance data.
Lloyd’s, the world’s leading marketplace for commercial, corporate and speciality risk solutions, today announces the 12 teams that will join the 11th cohort of the Lloyd’s Lab, the InsurTech accelerator hub for developing innovative insurance products in the Lloyd’s market.
FINEOS Corporation (ASX:FCL), the global leader of group and individual core software for life, accident and health insurance, announced today that Insurance and Care New South Wales (icare) will move its Dust Diseases Care Scheme to the FINEOS Platform.
In our latest instalment ‘How to Innovate Faster’ in collaboration with FintechOS, we spoke to AXA XL’s SVP and Head of Innovation, Americas for AXA XL, Rose Hall.
Last month, the US Securities and Exchange Commission (SEC) implemented regulations that mandate public enterprises to divulge any cybersecurity breaches with potential impacts on their financial standings within a four-day window.
Cyber insurance is now a priority expense for any reputable business. Insurtech Insights lists 10 companies disrupting space and driving growth in the sector
Unqork, the leading Codeless as a Service platform, has announced the availability of the Unqork platform on Google Cloud Marketplace.
Oka has announced its new partnership with carbon data firm Sylvera. The collaboration will enable Oka to hone its market-leading carbon insurance solutions by integrating its modeling capabilities with Sylvera’s sophisticated carbon project assessment data.
Check out the latest issue of Insu.Tech.Talks, edited by Insurtech Insights President, US, Megan Kuczynski
Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced it has secured the #23 spot in the Software Report Top 100 Software Companies of 2023.
CLARA Analytics (“CLARA”), a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, announces extended capabilities that empower insurance carriers to extract critical information from legal demand documents.
While the industry buzzes about the potential impact of generative AI, Planck customers are already experiencing the benefits
At-Bay has announced a significant step in its evolution.
In the first of our new series Empowering Insurance, which features disruptive female leaders in the industry, we caught up with Monica Garcia Cristóbal, Head of Transformation for MAPFRE Spain, to talk career trajectory, technology and trends
EIS Ltd’s SVP of Corporate Strategy, Rory Yates, examines the challenges facing insurance leaders as they seek greater agility and resilience in today’s transforming climate
CLARA Analytics, a prominent provider of artificial intelligence (AI) technology for optimising personal injury claims, is making significant strides in expanding its presence in the Asia-Pacific region.
Sivan Iram launched Capitola – an insurtech digital marketplace that connects brokers and underwriters – in 2021. In April, the startup generated US$15.6 million in its Series A round. Insurtech Insights finds out more.
Lemonade, the AI-driven digital insurance company with a focus on social impact, has announced the results of its 2023 Giveback program, marking the seventh consecutive year of giving back to numerous local and global charities selected by its customers.
Leading cyber insurer Beazley has published its latest Risk & Resilience report titled “Spotlight on: Cyber & Technology Risks 2023.”
True Flood Risk, a leading property data and risk management platform specialising in flood risk, has announced its participation in Guidewire’s Insurtech Vanguards programme.
Insurtech experiences 251% increase in live entertainment sales in 12 months as more event venues and ticketing platforms add refund protection to their online experience
Socotra, a leading provider of modern core platforms for innovative insurers, has announced its collaboration with Steadily, the top-rated landlord insurance solution in America.
Bees360, the top provider of drone-enabled property inspection services powered by artificial intelligence (AI), and Hosta AI, the most advanced provider of AI-enabled interior property inspections powered by more than a decade of MIT research, have partnered to transform the insurance claims process.
Eigen Technologies (Eigen), the global intelligent document processing (IDP) provider, today announces the appointment of David Brooks and Simon Hogg as its first Chief Operating Officer (COO) and first Chief Information Security Officer (CISO) respectively.
Leading commercial motor insurer, Zego, has announced a significant advancement in its claims handling capability, with both the growth of its in-house team and its implementation of an innovative in-house case management system.
Aon, the prominent global professional services firm, has successfully finalised a “historic” parametric insurance programme for the Government of Puerto Rico.
Tokio Marine Holdings has unveiled a new market intelligence platform that aims to improve collaboration with external companies.
Tony Grosso is the Head of Growth/GWB Insurance Markets for EIS. We quizzed him on the importance of APIs in the Employee Benefits space.
Zurich Insurance Group (Zurich) has announced a strategic partnership with Qover, an insurtech based in Belgium, as part of its efforts to expand its embedded insurance capabilities.
Qover, a leading insurtech specialising in embedded insurance orchestration, has recently concluded a successful Series C up-round funding, securing an impressive $30 million.
Humn.ai has forged a partnership with QBE Insurance Group to provide its Innovative dynamic pricing insurance solution to taxi fleets
A recent report from Accenture has highlighted the potential for European companies to generate an additional $3.2 trillion in revenue by 2024 if they close the technology deficit that exists between them and their North American counterparts.
In a recent report, broker Howden revealed that cyber insurance rates have decreased by approximately 10% in June compared to the previous year.
Germania Insurance has announced its successful migration of their Guidewire InsuranceSuite self-managed environment to Guidewire Cloud.
Zurich Insurance (Hong Kong) has received widespread recognition for its strong commitment to environmental, social, and governance (ESG) practices and its innovative approach to product development.
In today’s digital landscape, cyber security insurance has become an essential safeguard for businesses against data breaches, malware attacks, and cybercrime.
The protection gap is widening on a global scale in response to a range of factors, including the economic crisis and natural catastrophes, says a new report from reinsurance giant, Swiss re.
Zurich Financial Services Australia (Zurich) has introduced an insurance affordability resource in response to the ongoing cost-of-living pressures faced by Australians, driven by inflation and rising interest rates.
Insurtech Arbol and The Institutes RiskStream Collaborative have announced that the dRe insurance solution had gone live on RiskStream’s blockchain platform. dRe uses smart contracts for reinsurance calculations on chain.
Parrot, a technology-based court reporting firm, announced today its groundbreaking AI-enabled platform aimed at assisting insurance providers and legal firms in expediting case resolutions and reducing costs.
Canopius, a global specialty lines re/insurer, and Measured Analytics and Insurance, an AI-powered cyber insurance provider, have announced a new partnership to offer cyber insurance and cybersecurity solutions to small and midsize businesses in the US.
Ben Bergsma is the Principal VC at Munich Re Venture and is an industry leader when it comes to insurtech investment. Insurtech Insights finds out more
The United Kingdom has announced new funding and insurance support for businesses involved in the reconstruction of Ukraine following Russia’s illegal invasion.
Novidea, the creator of the cloud-based, data-driven enterprise insurance management platform, has announced significant new enhancements to its award-winning insurance management software.
London-listed SPAC Financials Acquisition Corp will unveil plans to raise £500m on Wednesday and form London Innovation Underwriters, a pure-play Lloyd’s vehicle, Sky News reports.
Leading insurtech company bolttech, has announced its inclusion in the prestigious AIFinTech100 2023 ranking.
Auto insurance in California is becoming increasingly difficult to obtain, as insurance agents report challenges in finding quotes for clients who would have easily secured coverage just a year ago, news reports states.
CogniSure AI, a leading provider of cutting-edge insurance document extraction and analytics solutions, has joined forces with Federato, the pioneering RiskOps underwriting platform for Property & Casualty (P&C) and Specialty insurance.
Hong Kong could surpass London, Tokyo, and Singapore as the international insurance hub, industry experts predict in latest report.
BNP Paribas Cardif, bolttech, and Back Market have announced a collaboration to offer an ambitious upskilling programme for the repair industry within the insurtech sector.
AIB (Allied Irish Banks) and Great-West Lifeco have joined forces to launch a new technology-led joint venture called AIB Life.
Intelligent AI, a UK-based startup, says its new data-driven platform has solved the US$433.8 billion commercial property underinsurance problem, and has issued a public statement detailing the triumph
According to a recent report by Cover Genius, overall traveller numbers are expected to reach a staggering 4.0 billion in 2024, surpassing pre-COVID-19 levels.
Global broker Howden has bolstered its marine business by acquiring Bremen-based broker Northern Lloyd, a renowned player in Northern Germany’s marine insurance sector.
Insurtech provider Zywave recognised top performers in the cyber risk industry at the 10th annual Cyber Risk Awards on Thursday. The event took place at Gotham Hall in New York City.
Lexasure Financial Group Limited, a key player in the InsurTech market across South and Southeast Asia offering reinsurance, insurance, and tech solutions, along with Qornerstone, an innovative PropTech firm revolutionising property management, have recently unveiled a memorandum of understanding to develop a strategic partnership.
Eigen Technologies has announced the launch of its new integration with GPT via its no-code AI-Powered platform.
AXA has announced it is adopting the CoverGo platform to enhance health claims processes and elevate customer experience
Insurtech Insights USA 2023 is holding a series of in-depth expert panel sessions, exploring the impact of AI on the insurance industry.
As President and CEO of Verisk – one of the world’s leading data analytics insurtechs, Lee Shavel has taken a radical approach to company leadership since his appointment in 2017.
Israeli insurtech Novidea just raised US$50 million in investment capital and is scaling fast. CEO and Founder, Roi Agababa tells us more
Earlier this month, Chubb CEO Evan Greenberg blew up social media channels when he announced that the insurance giant will be rolling out AI at scale, following extensive experimentation of the technology.
The specialty insurance market is gaining popularity globally, and is predicted to grow at a CAGR of 10.6% from 2022 to 2031 with top players like Allianz, AXA, Chubb, and Zurich leading the expansion.
Cyber insurance provider Cowbell has released its Cyber Round-Up: Q2 2023 report, revealing that 90% of small and medium-sized enterprise (SME) leaders underestimate the costs of a cyber incident.
AgentSync is one of the fastest-scaling insurtechs in the US, and is bridging the gap between innovation and compliance.
Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, has launched WriteSpeed, a turnkey solution that allows workers’ compensation insurers to rapidly leverage AI-enabled underwriting, accelerating time to value.
Verisk Analytics, Inc. and CCC Intelligent Solutions Inc. (CCC) have announced a strategic partnership to bring new innovations to the P&C insurance claims industry.
Coalition has launched a new version of its Executive Risks Insurance products for not-for-profit organisations.
Deloitte and Google Cloud have announced a significant expansion of their decade-long partnership to help bring Google Cloud’s advanced Generative AI capabilities to enterprises in every industry.
bolttech has teamed up with the Malaysian retail brand, AEON, to launch an all-in-one protection programme called AEON SAFEGUARD.
DroneDeploy, EagleView Technologies, and PrecisionHawk are some of the top key players mentioned in a new report on the Aerial Imaging in Insurance Service Market.
Denise Garth, Chief Strategy Officer at Majesco, has been recognised by InsurTech Hartford with the inaugural 2023 Making Waves Award.
CogniSure AI, a leading provider of insurance document extraction and analytics solutions, has announced its strategic partnership with Innoveo, a market-leading no-code platform provider, to bring underwriting efficiencies and pricing accuracy to commercial insurers.
CLARA Analytics, a leading provider of artificial intelligence (AI) technology for casualty insurance claims optimisation based in Silicon Valley, has launched its award-winning claims AI platform for general liability claims.
Verisk, the global data analytics and technology provider, has announced the launch of XactXpert, a new rules engine integrated into its Xactimate property estimating solution.
Sayata, has announced the addition of Miscellaneous Professional Liability (MPL) coverage to the Sayata platform.
Fisher Asset Management Reveals New Acquisition in Resideo Technologies, Inc. as reported to the Securities & Exchange Commission.
Ernst & Young LLP (EY US) has teamed up with the global digital insurance platform provider, EIS Group Inc (EIS), to implement EIS’ cloud-native digital insurance platform for clients in the insurance industry.
The vast majority of companies that will need to implement AI regulations over the next few months, are not adequately prepared to carry them out, new data reveals.
Clearcover, the digital-first car insurance company, has deepened its relationship with Experian’s auto insurance shopping solution to deliver a seamless embedded car insurance experience
InnSure, a mission-driven nonprofit that aims to combat climate change by harnessing the power of the insurance industry, has been awarded $6.5 million by the New York State Energy Research and Development Authority (NYSERDA) to fund insurance innovators who are developing products and solutions to address climate risk challenges.
Majesco, a global leader in cloud insurance platform software for insurance business transformation, has announced a new digital payment offering for its Majesco Claims for Property & Casualty (P&C) customers.
Verisk, a leading global data analytics and technology provider, has acquired Krug Sachverständigen GmbH, a Germany-based motor claims solutions provider.
Swiss Re and Benekiva have joined forces to revolutionise the claims experience in the insurance industry with their new Integrated Claims Management Platform.
Investment might be sluggish, but innovative startups with solid offerings are still attracting new capital. April 2023 saw Nayms, Capitola, YellowBird, Axle, Justos and Arma Karma attract healthy funding rounds
Nayms, a blockchain insurance startup, has announced a successful funding round at an $80 million valuation through a private token sale.
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