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

EU AI Act: A Watershed Moment for AI Regulation

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

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FWD Group Partners with Roche Diagnostics

FWD Group has announced a significant three-year partnership with Roche Diagnostics Asia Pacific, aimed at integrating Roche’s navify® digital healthcare solutions and advanced diagnostic methodologies into FWD’s health insurance services across Asia.

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Ripe Thinking Acquires GJW Direct

UK-based insurance company Ripe Thinking has announced the acquisition of GJW Direct, a specialist in non-commercial marine insurance, from Munich Re Specialty. The deal is expected to be finalised in the first half of 2025.

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SURE and SageSure Launch New Commercial Product

SureChoice Underwriters Reciprocal Exchange (SURE), a policyholder-owned reciprocal exchange, has partnered with SageSure, a leading managing general underwriter focused on catastrophe-exposed markets, to unveil its first non-admitted business owners policy (BOP) in California.

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INSTANDA Appoints Professor Andy Pardoe as Interim Chief AI Officer

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.

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Resilience

Ransomware Attacks Escalate in 2024, Resilience Reports

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.

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Beazley Security Goes Live

Beazley Security has today gone live as an integrated cyber risk management company, following the merger between Beazley’s in-house cyber services team and its wholly owned cyber security company, Lodestone.

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Flock Announces Partnership with Admiral

Flock, the London-based commercial car insurtech, has announced a new partnership with Admiral Pioneer, Admiral Group’s venture-building subsidiary. The collaboration aims to “transform UK fleet insurance with advanced technology and real-time risk management solutions.”

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Guidewire

Guidewire Invests in Indico Data

Guidewire, a leading platform provider for property and casualty (P&C) re/insurers, has significantly contributed to a $19 million funding round for Indico Data, a company specialising in automating essential workflows for document-intensive industries such as insurance and financial services. 

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FintechOS Completes $60 million Series B+ Round

FintechOS, a leading end-to-end financial product management platform, has announced it has completed a successful $60 million Series B+. The round was led by Molten Venture, Cipio Partners, and BlackRock alongside existing investors EarlyBird VC, OTB VC, and Gapminder VC. 

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hyperexponential Raises US$73 Million in its Series B Round

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.

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Bradley Collins

Bradley Collins