All News
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.
Sapiens Launches Its Next-Gen Intelligent Insurance Platform
Sapiens International Corporation has launched its AI-powered, open, integrated, cloud-native platform, Sapiens Insurance Platform.
Allianz Trade and BPL Launch API-Integration Enquiry System Via Verisk
Allianz Trade and BPL have announced an industry-first partnership to enhance how underwriters and brokers share enquiry data via API integration on Whitespace, a Verisk digital trading platform.
Digital Care rebrands to bolttech following 2023 Acquisition
bolttech has announced that Digital Care, a Poland-based device protection and services provider, has been renamed and rebranded as bolttech Poland.
Survey Finds Implementation of Automation in Insurance has Been Rushed
A recent survey tech teams at insurance companies and MGAs by RDT of found that 85% of professionals believe some areas of the market have rushed into automation without putting in comprehensive step-by-step enhancement plans for their platforms.
WTW Appoints Len Graziano as Casualty Strategy & Execution Leader for North America
Global advisory, broking, and solutions firm WTW has named Len Graziano as the Casualty Strategy and Execution Leader within its Corporate Risk and Broking division for North America (CRB NA).
Moody’s Report Warns of Potential Profit Hits for EU Life Insurers Due to Intensified Regulatory Scrutiny
A recent report by credit rating agency Moody’s highlights the increasing regulatory scrutiny on European Union life insurers, which aims to ensure their products deliver “value for money.”
Guardian Partners with Pelago Offering Tobacco-Free Initiatives
Guardian Life has announced a partnership with Pelago, a leading digital clinic specialising in substance use management, to help Guardian members live tobacco-free lifestyles.
Rokstone Launches New Global Sports Portfolio
Rokstone, the Specialty MGA part of the Aventum Group, announced it has hired industry veteran Graham Amato to launch a new Global Sports Personal Accident portfolio.
Amplify Completes Successful $20 Million Series B
Amplify, an insurtech seeking to democratise life insurance, announced it has raised $20 million in a Series B funding round.
Nubank and Chubb Celebrate Milestone with Two Million Active Insurance Policies in Brazil
Nubank, Brazil’s prominent digital banking platform, has achieved a significant milestone by reaching 2 million active insurance policies in collaboration with Chubb.
Nationwide Pet drops 100,000 policies
Nationwide, the leading pet insurer in the US, announced it is dropping roughly 100,000 pet policies, citing rising inflation in the cost of veterinary care.
AXA and Zego Rule Out Generative AI for Pricing
Tara Foley, CEO of Axa UK, and Sten Saar, CEO of Zego, have both ruled out using Generative AI for insurance pricing due to compliance concerns.
Mubadala Fights to Salvage Investment in Troubled Insurance Start-Up Wefox
Abu Dhabi’s US$300 billion sovereign wealth fund, Mubadala, is embroiled in a contentious boardroom battle over the future of the beleaguered European insurtech wefox.
Zywave Announces 2024 Cyber Risk Awards
Zywave, an insurtech developing brokerage software, honoured the best individuals and firms in cyber risk at the 11th annual Cyber Risk Awards, held at Gotham Hall in New York.
Will Major Wildfire Coverage Reform Salvage California’s Insurance Crisis?
Earlier this week, California Insurance Commissioner Ricardo Lara announced a landmark strategy aimed at expanding wildfire coverage options for Californians in high-risk areas.
Guy Carpenter launches Capital & Advisory Group
Guy Carpenter, the global risk and reinsurance specialist and subsidiary of Marsh McLennan, announced the launch of the Capital and Advisory group as part of its Global Capital Solutions unit.
Intuit Partners with Zendrive Advancing Telematics Car Insurance
Intuit, a global financial technology platform, announced today that it has signed an agreement with mobility risk intelligence provider Zendrive, acquiring their technology.
Bikebook Announces Partnership with Bikmo
Bikebook, the platform that connects cyclists with local mechanics, has announced a partnership with Bikmo, a leading consumer and commercial insurer in the cycling sector.
Insurtech Funding Round-Up: Top 15 Investment Raises of Q2 2024
Insurtech funding has seen a significant uptick in recent weeks with raises almost reminiscent in frequency of the 2021 digital transformation boom.
Trupanion Announces Partnership with Boehringer Ingelheim
Pet insurer Trupanion has announced a partnership with Boehringer Ingelheim, an innovator in animal disease prevention and treatment, to enhance healthcare access and disease treatment/protection for pets.
Kita Extends Carbon Credit Delivery Coverage to EU and EAA
Kita, a Lloyd’s of London coverholder and carbon insurance specialist, announced it will now offer carbon credit delivery risk insurance to EU & EEA insurers, adding to its existing coverage for buyers and investors in the UK, USA, Canada, Singapore, and Switzerland.
AM Specialty Insurance Group Announces Acquisition of Pinpoint Insurance Solutions
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, announced it has completed the acquisition of Pinpoint Insurance Solutions, an MGA, surplus lines brokerage, and national programme administrator.
CFC Launches Carbon Cancellation Insurance
CFC, a specialty insurer specialising in emerging risks and cyber insurance, announced it is launching its second insurance product for buyers of voluntary carbon credits.
Vertafore Aims to Deliver Time Savings for Insurance Professionals
Vertafore has announced the launch of Project Impact, an initiative aimed at delivering technological enhancements and workflow improvements to make the work of insurance professionals more efficient.
Elon Musk Drops Lawsuit Against OpenAI, Ending Months-Long Legal Dispute
In a surprising turn of events, Elon Musk has withdrawn his breach of contract lawsuit against OpenAI and its CEO, Sam Altman.
IMG Expands Existing Partnership with Teladoc Health
IMG, the Global insurance benefits and assistance services company has announced that it is expanding its existing partnership with Teladoc Health.
“Insurance is at an Inflection Point,” says Richard McCathron of Hippo
Hippo CEO described the challenges of 2023 and outlined the insurtech’s journey towards greater resilience, during a fireside chat with Bryan Falchuk at Insurtech Insights USA 2024
Yardi Partners with Obligo Simplifying Security Deposit Process
Yardi, a real estate software company, has announced it is partnering with start-up Obligo who offer innovative alternatives to traditional security deposits.
Artemis Risk Solutions Launches lnsurance Brokerage
Artemis Risk Solutions, a new insurance brokerage specialising in employee benefits, property and casualty insurance and personal lines, has officially launched.
Finsall Secures $1.8 million Bridge Round
Finsall, a Fin+InsureTech, has successfully secured a $1.8 million bridge round, led by existing investors Unicorn India Ventures and Seafund alongside other institutional participants.
kWh Releases 6th Annual Solar Risk Assessment
kWh Analytics, a market leader in Climate Insurance, has announced the release of its 6th annual Solar Risk Assessment, a detailed report which is designed to provide an impartial data-driven evaluation of solar risk.
Dubai International Financial Centre Insurance Association Announces Partnership with ACORD
The Dubai International Financial Centre Insurance Association (DIFCIA) has announced it is entering a partnership with ACORD, the global insurance industry’s standards organisation.
Pyte Raises $5 million to Expand Secure Computation
Pyte, a Los Angeles-based company specialising in secure computation platforms, has announced it has raised an additional $5 million in funding, bringing its total funding to over $12 million.
LifeSearch and Gretel Announce Partnership Supporting Customers’ Financial confidence
LifeSearch, a leading independent UK protection advice specialist, has announced a strategic partnership with Gretel, a technology-powered hub designed to reconnect consumers with their lost and dormant financial accounts.
Swiss Re’s 2024 Sonar Report Details Global Interconnected Risks
Swiss Re’s 2024 SONAR report delves into 16 emerging risks, revealing the cascading effects of natural disasters and other critical threats to the insurance sector and society.
hyperexponential and Send Announce Partnership
Insurtechs hyperexponential and Send have announced a partnership seeking to streamline the pricing process for insurers.
YesWeHack closes out €26m Series C Funding Round
YesWeHack, a prominent Bug Bounty and cybersecurity vulnerability management platform, announced it has successfully raised €26 million in a Series C funding round.
GradGuard Expands to Rhode Island, Covering 49 States
GradGuard, the leading provider of tuition and renters insurance in the US, has expanded its programme to include coverage in the state of Rhode Island.
DOXA acquires CPH Insurance
DOXA Insurance announced it has acquired specialty MGA CPH Insurance, which caters to the professional liability needs of mental health, allied health, and healthcare professionals.
Anterior Secures Successful $20 Million Series A
Anterior, an insurtech using AI to expedite health insurance approval for medical procedures, has successfully closed a $20 million Series A round at a $95 million valuation.
AXA Global Healthcare Finds 80% of Expats Struggling with Mental Health at Work
AXA’s Global Healthcare 2024 Mind Health Report has revealed that there has been a substantial decline of mental health in non-native workforces. Research found that 4 in 5 non-native employees are experiencing negative mental health symptoms as a direct result of their working environment.
Stripe Partners with Accor to Streamline Hotel Payments
Stripe, a financial infrastructure platform, has today announced it will become the primary payments partner for global hospitality group Accor.
Instabase Launches AI Chatbots to Address Demanding Enterprise Use Cases
Instabase, a leading AI company, has launched AI Hub Chatbots, designed to meet the rigorous demands of sophisticated enterprises.
Axis Insurance Announces Growth Investment from Lee Equity Partners
Axis Insurance, a Canadian specialty insurance brokerage, announced it had received a significant strategic investment from Lee Equity Partners, a mid-market fund specialising in the financial services and healthcare sectors.
Devonshire Receives Approval From LLoyd’s to Operate in Europe
Devonshire Underwriting, an MGA has announced it has received approval from Lloyd’s to write business and to officially launch in Europe.
Euclid Announces Launch of New Mortgage MGU
Euclid Program Managers have announced the launch of Euclid Mortgage, an MGU underwriting mortgage credit risk for insurers and reinsurers.
Guardian and Wellthy Announce New Partnership Providing Caregiver Support
Guardian Insurance Group and Wellthy have announced they are partnering to help provide Wellthy’s bespoke caregiver support services to Guardian members.
Pattern Insurance Announces Partnership with WeTravel
Pattern Insurance and WeTravel have announced a new partnership to integrate insurance into the travel booking experience.
NEXT Launches New Comprehensive Insurance Product for Small Businesses
NEXT Insurance has announced the launch of Business Owner’s Policy (BOP), a comprehensive insurance solution tailored to the specific needs of small businesses.
Inszone Insurance Services Continues Acquires Welcome Insurance
Inszone Insurance Services announced it has acquired Welcome Insurance Agency, continuing its recent spree of acquisitions.
Brown & Brown Announces Acquisition of Rollins Insurance Brokers
Brown & Brown, the global insurance brokerage, has announced it has acquired 100% of Northern Ireland-based Rollins Insurance Brokers.
Ondo Announces Expansion of Leak Prevention into Washington State
Ondo Insurtech, a specialist in claims prevention technology for home insurers, has announced that it will be expanding its LeakBot programme into Washington State.
Egyptian Insurtech Mal Bazaar Secures Brokerage License
Egyptian insurtech, Mal Bazaar, which provides a digital one-stop-shop for insurance products, has announced it has successfully acquired a licensed insurance brokerage.
WTW Announces Partnership With Guidewire
WTW, the Global Advisory and Broker, has announced it is partnering with Insurtech Software provider Guidewire.
Honeycomb Insurance Launches New Property Qualification Product
Honeycomb Insurance has unveiled a new property qualification programme at this year’s Insurtech Insights USA: address qualification.
Allianz Commercial enters Partnership with ProMarine
Allianz Commercial has announced it is partnering with specialised MGA ProMarine for a new multi-product strategic underwriting and claims delegated authority agreement.
Fixle Acquires EasyHome to Enhance Home Management Solutions
Fixle, Inc., a prominent provider of home management solutions in the proptech and insurtech sectors, has announced its acquisition of EasyHome, Inc., a software developer specialising in modernising property care and management.
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.
Lexasure and OneDegree Launch Cyber Insurance Platform for South and Southeast Asia
Lexasure Financial Group and OneDegree Global have announced the launch of a new cyber insurance platform designed to strengthen cybersecurity defenses for businesses in South and Southeast Asia.
HDI Global and First Indemnity Launch Lawyers’ Professional Liability Insurance
HDI Global Insurance Company, the US unit of HDI Global, has partnered with First Indemnity Insurance Agency to introduce a new Lawyers’ Professional Liability (LPL) insurance product.
Do you have news you would like to share with the World's Largest Insurtech Community?
Please feel free to send us an email
news@insurtechinsights.com
