Direct Line Returns to Profit in First Half of 2024
Direct Line Group has bounced back to profitability in the first half of 2024, fueled by strong premium growth and improved margins.
September 25, 2024
2:34 pm
We regularly curate the latest insights and reports provided by and in collaboration with our partners and stakeholders to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
Direct Line Group has bounced back to profitability in the first half of 2024, fueled by strong premium growth and improved margins.
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.
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.
Angela Hunter, a leading figure in the insurance and healthcare sectors, leverages her extensive experience as a CEO, Board Member and now as a Senior Adviser to drive transformative change across Asia Pacific. We caught up with her to find out more
Swiss Re reported a profit of $996 million during Q2 of 2024, resulting in a net income of $2.1 billion and a return on equity of 20.1% for the first half of 2024. Swiss Re’s financial performance was underpinned by strong contributions from all business units, and the company maintains its full-year targets.
Penguin Benefits was founded by Chengchen Li in 2020, following her own journey through the complex maze that is the parental benefits space.
EIR, a leading B2B2X white-label insurtech based in Sweden and launched in 2019, has achieved two significant milestones: reaching profitability with a positive net result in June and expanding its operations into three new markets— the Netherlands, Finland, and Greece.
In the latest installment of our ‘Empowering Insurance’ series, Insurtech Insights’ Joanna England talks to Belen Tokarski – the President and Chief Operating Officer of Mylo.
This year’s Giveback marks more than $10 million donated to 86 organisations since inception, impacting millions of people globally.
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.
Please feel free to send us an email
news@insurtechinsights.com
