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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).
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.
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.
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.
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.
Cytora Partners with PriceHubble to Enhance Real Estate Intelligence for Insurers
Cytora, a leading digital risk processing platform, has announced a partnership with PriceHubble, an international property data solutions provider, to deliver advanced real estate intelligence to insurers.
Kasa Partners with Vertical Insure
Hospitality management platform Kasa Living has partnered with Vertical Insure, an embedded insurance startup, to integrate travel insurance directly into Kasa’s booking system, providing guests with seamless trip protection.
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.
Hub International Partners with MAS Seguros
Leading insurance brokerage Hub International has formed a strategic alliance with MAS Seguros, Mexico’s largest trucking insurance broker, to provide enhanced insurance and risk management services across the US, Canada, and Mexico.
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
RSA Launches New D&O Protection Product
RSA has announced the launch of its latest Financial Risks product, Directors’ and Officers’ (D&O) Protection, expanding its established Professional and Financial Risks portfolio.
Open Carbon Protocol Partners with Kita
The Open Carbon Protocol (OCP) has announced a strategic partnership with Kita, a leading provider of insurance and risk management solutions for the carbon market.
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.
Earnix Unveils AI-Driven Platform
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.
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.
Bikmo Becomes Cycling UK’s Official Insurance Partner
Bikmo, a leading cycle insurance provider, has announced a new partnership with Cycling UK, the UK’s largest cycling charity.
Insurity Launches AI-Powered Document Intelligence Solution
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.
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.
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.
Cyber Scams Eroding Trust in Digital Payments, Chubb Survey Finds
A new global survey conducted by Chubb, a leading insurance provider, has revealed that cyber scams are significantly impacting consumer trust in digital payments.
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.
BOXX Insurance and World Travel Protection Unveil Cyber Solution
As cybercrime continues to target business travelers around the world, BOXX Insurance Inc., a global leader in cyber insurance and security, has partnered with World Travel Protection (WTP), part of the Cover-More Group, to introduce Cyber Assist, a cutting-edge cyber protection tool designed to safeguard business travelers from emerging online threats.
Resilience Expands European Operations
Cyber risk solutions leader Resilience has announced the expansion of its European insurance operations into France and the Benelux region.
Millennial Specialty Insurance Unveils MSI Re-Brand
Millennial Specialty Insurance, one of the largest independent MGAs in the country, has announced the launch of its new brand, MSI.
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.
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.
Hurricane Helene Insured Losses May Exceed US$10 Billion
Following the devastating landfall of Hurricane Helene in Florida, reinsurance broker Gallagher Re has significantly increased its estimate of insured losses.
Canopius Ceases Writing Space Coverage
Canopius, a leading specialty lines (re)insurer, has announced that it will no longer be writing new space business.
EXL Launches Specialised LLM for Insurance in Partnership with NVIDIA
EXL has launched a new AI model designed specifically for the insurance industry.
YuLife Expands to South Africa with Group Life Insurance
YuLife, a UK-based insurtech company, has announced the launch of its group life insurance services in South Africa.
Pouch Insurance’s AI Assistant Enhances Agent Experience via INSTANDA’s Platform
Pouch Insurance has announced that its AI assistant, Goodie, is now fully integrated with the Instanda platform, providing agents with enhanced capabilities for customer interaction and quote generation.
AgencyBloc Partners with SunFire
AgencyBloc, a leading provider of insurtech solutions for the health, senior, and benefits industries, has announced a new partnership with SunFire, a Medicare quoting and enrollment platform.
Abacus Life Partners with Lorisco Life
Abacus Life, a leading alternative asset manager and direct buyer of life insurance, has announced a strategic partnership with Lorisco Life, a health prediction company specializing in advanced proteomics and machine learning.
Insuritas Partners with Recoop Disaster Insurance
Insuritas, a leading embedded insurance provider for financial institutions, has announced a new partnership with Recoop Disaster Insurance.
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.
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.
AXA Introduces Heatwave Insurance
AXA Hong Kong and Macau has launched a groundbreaking Heatwave Parametric Insurance aimed at shielding outdoor workers from the rising risks posed by extreme heat during the summer months.
Ledger Investing Launches $100 Million Casualty Sidecar with Global Reinsurer
Ledger Investing, a marketplace for casualty insurance-linked securities, has announced the successful closing and launch of a new $100 million casualty sidecar facility.
STARTUP STORY: From Sigma Six to SaaS Solutions, Peak3 CEO Bill Song on Revolutionising Insurtech
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 Launches Enhanced Digital Claims Service
AXA UK has launched a new digital service designed to streamline the insurance claims process for customers.
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.
Lloyd’s Partners with World Bank Group in Bid to Boost Guarantees to US$20 Billion by 2030
Lloyd’s has announced a formal partnership with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), which builds on over 25 years of collaboration between the two parties and emphasises a commitment to drive sustainable development outcomes through World Bank Group guarantees.
Coterie Insurance Streamlines Small Business Insurance with BTIS Integration
Coterie Insurance, a leading MGA insurtech specialising in small business insurance, has announced an updated Business Owners Policy (BOP) integration with Builders & Tradesmen’s Insurance Services Inc. (BTIS).
AXIAN Group Acquires Stake in WiASSUR
The pan-African AXIAN Group has completed a strategic acquisition of a stake in WiASSUR, a Côte d’Ivoire-based insurance start-up, marking a significant step in AXIAN’s expansion into the African insurance sector.
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.
Tokio Marine Kiln and Marsh Launch New Trade Disruption Facility for Ports and Terminals
Tokio Marine Kiln (TMK) and Marsh have announced the launch of an exclusive insurance facility designed to cover business interruption arising from trade disruption for ports and terminals.
Tower Insurance and CelsiusPro Launch Parametric Cyclone Coverage
Tower Insurance and CelsiusPro have announced the launch of a new parametric insurance platform for Fiji and Tonga, starting with Cyclone Response Cover.
Sompo International Expands Marine Insurance Offerings in UK
Sompo International, a leading global specialty insurer, has announced the launch of a new national marine insurance proposition for the UK market.
King Risk Partners Expands with Acquisition of Cypress Risk Management
King Risk Partners continues its strategic expansion with the acquisition of Cypress Risk Management for an undisclosed amount.
Health Compass Partners with Four New Advisory Groups
Health Compass, an insurtech platform in the international private medical insurance (IPMI) market, continues its growth trajectory with the addition of four prominent advisory groups: DR-WALTER, Hoxton Wealth, Status Global Insurance, and Santé Group.
Orion180 Expands Homeowners Insurance Offerings to North Carolina
Orion180, a leading innovator in the insurance industry, has expanded its admitted homeowners insurance offerings to North Carolina.
Beazley Research Identified AI as Biggest Challenge for Digital Health and Wellness Firms
New research from Beazley, a leading specialist insurer, reveals that artificial intelligence (AI) is becoming the most pressing challenge for digital health and wellness companies.
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