Recent
Everest Group Sells EverSports to Ryan Specialty
Everest Group has announced a strategic agreement with Ryan Specialty, a leading international specialty insurance firm
TreviPay and Allianz Trade Forge Strategic Partnership
TreviPay, a leading B2B payments and invoicing network, has announced a strategic partnership with Allianz Trade, the global frontrunner in trade credit insurance.
Lockton Australia Launches New Digital Insurance Platform
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.
AI-Powered Climate Risk Platform Launched by Adaptive Insurance
Adaptive Insurance has unveiled a groundbreaking parametric insurance platform powered by artificial intelligence (AI), aimed at transforming how businesses manage climate-related risks.
Africa Specialty Risks Ltd Begins Operations as Lloyd’s Service
Africa Specialty Risks (ASR), a leading (re)insurance group focused on Africa and the Middle East, has announced that its UK-based entity, Africa Specialty Risks Ltd (ASR Ltd), is now operating as a Lloyd’s service company.
Verisk Estimates US$3.4 billion in Insured Losses from Central Europe Flooding
Verisk’s Extreme Event Solutions group has estimated that insured losses from the September 2024 floods in Czechia, Poland, and Austria will range between EUR 2 billion (US$2.2 billion) and EUR 3 billion (US$3.4 billion).
Product Launches
Lockton Australia Launches New Digital Insurance Platform
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.
AI-Powered Climate Risk Platform Launched by Adaptive Insurance
Adaptive Insurance has unveiled a groundbreaking parametric insurance platform powered by artificial intelligence (AI), aimed at transforming how businesses manage climate-related risks.
Hippo Expands New Homes Program in Key States
Hippo has announced the expansion of its New Homes Program, increasing access to home insurance in California, Florida, and Texas.
SCOR Unveils SCOR Digital Solutions to Streamline Life & Health Services
Global reinsurance giant SCOR has launched SCOR Digital Solutions, a new platform designed to integrate and enhance its core Life & Health (L&H) digital tools.
AXA Climate Launches Altitude Platform to Aid Climate Adaptation
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 Launches Payments Facilitator for End-to-End Insurance Payment Solutions
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.
Funding
Whatfix Secures $125 Million in Series E Funding
Digital adoption solutions provider Whatfix has raised $125 million in its Series E funding round, pushing its total funding to $264.8 million.
Israeli Healthtech Nym Raises US$47 Million Medical Coding
Nym, a leading Israeli healthtech startup, has secured $47 million in a growth investment round led by PSG.
Rey Raises US$3.5 Million for AI-Powered Health Insurance Expansion
Jakarta-based Health insurtech startup Rey has secured an additional $3.5 million in funding to expand its AI-powered health insurance platform.
10 Top Insurtech Funding Rounds Taking Insurance to the next level
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.
Centivo Raises US$75 Million to Transform Employee Healthcare
Centivo, a leading healthcare company dedicated to making high-quality healthcare more affordable, has announced the successful completion of a $75 million financing round.
arqu Raises US$10 Million in Series A Round
arqu, a tech-enabled wholesale insurance brokerage based in San Francisco, has raised US$10 million in a Series A round led by Crosslink Capital with participation from Intact Ventures.
Thought Leadership
EMPOWERING INSURANCE: Angela Hunter on Revolutionising Insurance as Senior Advisor & CEO Across Asia Pacific
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
‘Women Need to Push Harder for Senior Roles, Pay Rises and Funding,’ say Insurance Leaders
Female insurance leaders Sabrina Hart, Margot Giles and Casey Kempton discussed the challenges surrounding promotions and fundraising for women in the insurance industry, during the recent Women’s Leadership Congress at Insurtech Insights USA 2024.
Are you ‘wrestling’ with delivering embedded insurance to your customers?
In this latest Thought Leadership article, Ross Sinclair, Founder and CEO of EIP explores the history of embedded insurance services and why some ‘innovative’ new ways of offering such solutions are falling short of the mark.
Why Underwriters Matter in Our AI-Driven World
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
Experts Unpick New Workplace Violence Prevention Law: California Senate Bill 553
Insurtech Insights talks to Lucy Straker US Focus Group Leader – Political Violence & Deadly Weapons Protection and Jim Rizzo, Product Leader US D&O at Beazley, to find out how the new Bill will impact the insurance industry and its customers
Insuring the TikTok Generation
Meeri Savolainen, Founder & CEO, INZMO, gives us her thoughts on attracting a younger customer base and closing the next generation’s protection gaps.
Acquisitions
Everest Group Sells EverSports to Ryan Specialty
Everest Group has announced a strategic agreement with Ryan Specialty, a leading international specialty insurance firm
WTW Announces Sale of Tranzact for US$632.4 Million
Willis Towers Watson has announced plans to sell its direct-to-consumer insurance distribution business, Tranzact, to private equity firm GTCR for US$632.4 million.
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.
Miller Completes Acquisition of Spanish Broker Bruzon
Miller, a leading specialist re/insurance broker, has finalized its acquisition of Bruzon Correduría de Seguros y Reaseguros, a Madrid-based commercial insurance broker.
Marsh to Acquire McGriff Insurance Services for US$7.75 Billion
Marsh McLennan has announced plans to acquire McGriff Insurance Services, a leading provider of insurance broking and risk management services in the United States.
Axis Insurance Acquires O’Neill Group to Expand Employee Benefits Practice
Axis Insurance Managers Inc. (“Axis Insurance”) has announced the acquisition of the O’Neill Group, a prominent employee group benefits, life insurance, and wealth advisory firm in British Columbia.
Leadership Changes
Coalition Appoints Tine Simonsen as Head of Insurance for Continental Europe
Coalition, the world’s first Active Insurance provider focused on preventing digital risks, has appointed Tine Simonsen as its Head of Insurance for Continental Europe.
Cowbell Appoints Finance and Legal Leaders to Support Scaling Efforts
Cyber insurance provider Cowbell has strengthened its leadership team as it prepares for significant growth.
Broadstone Appoints Ewen Tweedie as Actuarial Director
Broadstone, a leading independent financial services consultancy, has announced the appointment of Ewen Tweedie as Actuarial Director within its Insurance, Regulatory, and Risk Consulting division.
BOXX Insurance Expands Leadership Team with New USA and Latin America Presidents
BOXX Insurance, a global leader in cyber insurtech, has announced two key leadership appointments as part of its strategic expansion across the Americas.
Caroline Feeney Appointed Chair of LL Global
Caroline Feeney, Executive Vice President and CEO of Prudential’s U.S. Businesses, has been named the 2025 Board Chair of LL Global, the parent organisation of financial services industry groups LIMRA (Life Insurance Marketing and Research Association) and LOMA (Life Office Management Association).
wefox Holding AG Appoints Joachim Müller as new CEO
wefox Holding AG has announced the appointment of Joachim Müller as its new CEO, effective immediately.
Technology
Lockton Australia Launches New Digital Insurance Platform
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.
First Sensor-Triggered Earthquake Coverage in the US
In a groundbreaking move for earthquake preparedness, Liberty Mutual Reinsurance (LM Re) and Safehub have teamed up with the University of California (UC) to introduce the first sensor-triggered parametric earthquake coverage in the United States.
AXA Climate Launches Altitude Platform to Aid Climate Adaptation
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 Launches Payments Facilitator for End-to-End Insurance Payment Solutions
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 Adopts Generative AI to Enhance Customer Service and Agent Experience in Asia
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
NatCat Risk Solution Fathom Launches New Tool for Quantifying Flood Risk
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.
AI
Lockton Australia Launches New Digital Insurance Platform
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.
AI-Powered Climate Risk Platform Launched by Adaptive Insurance
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 Launches Altitude Platform to Aid Climate Adaptation
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 Launches Payments Facilitator for End-to-End Insurance Payment Solutions
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 Adopts Generative AI to Enhance Customer Service and Agent Experience in Asia
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
NatCat Risk Solution Fathom Launches New Tool for Quantifying Flood Risk
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.
Industry Trends
Howden Launches Resilience Laboratory to Combat Climate Risks
Global insurance broker Howden has launched a new platform designed to assist clients in evaluating and addressing climate-related challenges.
Cachet Partners with TaskRabbit to Launch Gig Economy Solution Underwritten by Hiscox
Cachet, a company specialising in insurance products for platforms and micromobility, has announced a new partnership with TaskRabbit to provide enhanced insurance options for freelancers.
AI Takes the Wheel: Are Human Insurance Jobs in the Fast Lane to Automation?
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.
Swiss Re Anticipates Rising Reinsurance Demand Amid Global Volatility
Swiss Re is forecasting an increase in demand for reinsurance protection due to heightened natural catastrophe risks, macroeconomic instability, and geopolitical tensions.
Lloyd’s Reports £4.9 Billion Profit, £30.6 Billion Gross Written Premium and an 83.7% Combined Ratio at Half Year Results
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announced a strong set of results for the first six months of 2024, with an overall profit before tax of £4.9bn (HY 2023: £3.9bn).
Life Insurers Could Help Turn the Tide on Cancer Outcomes, say Sector Leaders
Developments in the healthtech space are driving transformation in the Life insurance industry, enabling it to implement better diagnostic outcomes for patients, according to leaders from GRAIL, MassMutual and Munich Re Life and Health.
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